FRANKFURT (Reuters) – The risk of an abrupt correction on Europe’s financial and housing markets is high, European Central Bank President Christine Lagarde said on Monday. “Risks to financial stability have perceptibly increased since the beginning of …
UK PM Boris Johnson feeling well after operation, to resume working
LONDON (Reuters) – British Prime Minister Boris Johnson is feeling well after a minor operation under general anaesthetic related to his sinuses and will take meetings in his Downing Street office on Monday, his spokesman said. “He is feeling well and …
Euro edges higher with focus on ECB, dollar retreats
By Samuel Indyk LONDON (Reuters) – The euro rose on Monday as markets focused on European Central Bank tools to fight fragmentation in the currency bloc, shrugging off the risk of political gridlock in France for now after President Emmanuel Macron los…
Europe may shift back to coal as Russia turns down gas flows
By Vera Eckert and Francesca Landini FRANKFURT/MILAN (Reuters) – Europe’s biggest Russian gas buyers raced to find alternative fuel supplies on Monday and could burn more coal to cope with reduced gas flows from Russia that threaten an energy crisis in…
Airlines upbeat on recovery but labour shortages may hurt growth
By Tim Hepher and Alexander Cornwell DOHA (Reuters) -Global airlines battered by COVID-19 seem confident of narrowing their losses but still face challenges such as labour shortages at airports which could restrict post-crisis growth, industry executiv…
Macron’s camp seeks allies, says ‘it’s going to be complicated’ after election rout
By Ingrid Melander and Elizabeth Pineau PARIS (Reuters) -President Emmanuel Macron’s centrist camp scrambled on Monday to secure support from rivals to salvage some of its reform agenda after weekend elections delivered a fragmented parliament that lea…
Meta loses appeal in Russian court over ‘extremist activity’ tag -TASS
(Reuters) – A Moscow court on Monday rejected an appeal brought by Meta Platforms Inc after it was found guilty of “extremist activity” in Russia, the TASS news agency reported. Russia in March found Meta guilty of “extremist activity”, but said the ru…
Delta, Kellogg join IBM pledge to fight bias in online ad targeting
By Paresh Dave OAKLAND, Calif. (Reuters) – Delta Air Lines Inc, Kellogg Co and several big ad agencies on Monday pledged to counteract unwanted biases in the algorithms that power their online advertising. The action, announced as part of an ad industr…
Russian rouble hits near 7-year high vs dollar as tax payments loom
MOSCOW (Reuters) -The Russian rouble surged on Monday to a near seven-year high against the dollar on Moscow Exchange, supported by capital controls and the promise of upcoming month-end tax payments, as the government presented its new budget. By 1219…
EasyJet cuts more flights to try to manage disruption
By Paul Sandle LONDON (Reuters) -Low-cost airline easyJet said on Monday it was cutting thousands more flights this summer after London Gatwick and Amsterdam airports reduced capacity and it battled staff shortages on the ground and in the air. The Bri…