GENEVA (Reuters) – A United Nations human rights expert on Monday called on countries to take steps against Myanmar’s junta through economic sanctions and an arms embargo following the execution of four democracy activists. Myanmar’s ruling military an…
Pope apologizes for ‘deplorable evil’ of Canadian indigenous schools
By Philip Pullella and Tim Johnson MASKWACIS, Alberta (Reuters) – Pope Francis apologized on Monday to Canada’s native people on their land for the Church’s role in schools where indigenous children were abused, branding forced cultural assimilation a …
Siemens Energy says Gazprom forms needed to deliver Nord Stream 1 turbine
FRANKFURT (Reuters) – Siemens Energy said on Monday a turbine that Moscow says is limiting capacity on the Nord Stream 1 gas pipeline was ready to be delivered, but Russia’s Gazprom needed to provide customs documents for the transfer to go ahead. “The…
Romania’s H1 consolidated budget deficit at 1.71%/GDP-Finance Minister data
BUCHAREST (Reuters) – Romania ran a consolidated budget deficit of 1.71% of gross domestic product in the first six months, compared with a shortfall of 1.57% at the end of May, finance ministry data showed on Monday. In nominal terms, the deficit stoo…
Russia’s Gazprom tightens squeeze on gas flow to Europe
MOSCOW (Reuters) -Russia tightened its gas squeeze on Europe on Monday as Gazprom said supplies through the Nord Stream 1 pipeline to Germany would drop to just 20% of capacity. Gazprom said flows would fall to 33 million cubic metres per day from 0400…
Myanmar junta condemned for ‘cruel’ execution of 4 democracy activists
(Reuters) -Myanmar’s ruling military announced on Monday it had executed four democracy activists accused of aiding “terror acts”, sparking widespread condemnation of the country’s first executions in decades. Sentenced to death in secretive trials in …
UK rail union announces August strikes across 7 companies
LONDON (Reuters) – The Transport Salaried Staffs’ Association (TSSA), a British rail union, on Monday announced strike action across seven train operating companies that will take place on Aug. 18 and Aug. 20. The strike affects Avanti West Coast, c2c,…
Morgan Stanley’s institutional equities head David Russell to retire
(Reuters) – Wall Street giant Morgan Stanley’s global co-head of institutional equities David Russell would be retiring after 32 years with the investment banking powerhouse, according to an internal memo seen by Reuters on Monday. Following the retire…
Shell gives final greenlight to Jackdaw gas project in North Sea
(Reuters) -Shell Plc said on Monday it had made a final investment decision to develop the Jackdaw gas field in the British North Sea, which is expected to come online in the mid-2020s and could provide 6% of UK gas output. The Jackdaw project, which h…
Germany’s DAX falls on gas supply worries; mixed earnings cast shadow on growth
By Susan Mathew (Reuters) -Germany’s DAX index fell on Monday after Russia’s Gazprom said a new turbine halt will further cut gas to Germany via the Nord Stream 1 pipeline, stoking supply worries, while a mixed batch of earnings raised concern about ov…