MOSCOW/LONDON (Reuters) -Lego is closing its business in Russia indefinitely and laying off its 90 Moscow-based employees, owing to “extensive disruption” in the country, the Danish toymaker said on Tuesday. Lego has terminated its contract with franch…
Euro inches up after falling to brink of parity vs dollar
By Sujata Rao and Saikat Chatterjee LONDON (Reuters) – The euro inched higher on Tuesday, reversing earlier falls that had taken it to the brink of parity with the dollar, but it stayed under heavy pressure from a potential energy supply crunch and unc…
Pernod Ricard denies having put new investments on hold in India
PARIS (Reuters) – French spirits group Pernod Ricard said on Tuesday it was denying having put new investments in India on hold. “Pernod Ricard refutes having put new investments on hold in India, as claimed by local media this morning,” a Pernod Ricar…
ECB’s Nagel says bond spreads are fair until proven otherwise
FRANKFURT (Reuters) – European Central Bank policymaker Joachim Nagel raised the bar for an ECB intervention on the bond market on Tuesday, saying he assumed differences in yields to be “fundamentally justified” until proven otherwise. The ECB is worki…
Factbox-The views of the frontrunners to succeed UK’s Boris Johnson
LONDON (Reuters) – The race to succeed Boris Johnson as British prime minister has begun, with 11 candidates so far putting themselves forward for a contest which will ultimately be decided by around 200,000 Conservative Party members. Below is what th…
Global equities waver, oil falls amid recession fears
By Katanga Johnson (Reuters) – World stocks traded mixed while oil prices and bond yields dipped on Tuesday as traders fretted over prospects of further central bank tightening and worries about the health of economies worldwide. The dollar’s role as t…
Athletics-Farah says he was victim of child trafficking
(This July 11 story corrects to state Farah was enrolled at two primary schools and attended Feltham Community College at 11) (Reuters) – Multiple Olympic and world champion Mo Farah was brought to Britain from Djibouti at the age of nine and was force…
Failure to implement Russian oil price cap could jack up oil prices – U.S. official
By Andrea Shalal TOKYO (Reuters) – The global price of oil could surge by 40% to around $140 per barrel if a proposed price cap on Russian oil is not adopted, along with sanction exemptions that would allow shipments below that price, a senior U.S. Tre…
Fatty ‘katsuo’ fish may foreshadow climate change, threat to Japan’s sushi
(Corrects name in paragraph 8, Hiroyuki Ukeda not Hideyuki Ukeda) By Kantaro Komiya NAKATOSA, Japan (Reuters) -For half a century, Takeo Nakajo has been catching katsuo, or skipjack tuna – indispensable in Japanese cuisine whether eaten raw, dried or u…
Canada orders probe into Rogers outage as doubts creep over C$20 billion Shaw deal
By Tiyashi Datta and Divya Rajagopal (Reuters) -The Canadian government on Monday ordered a probe and demanded telecoms companies agree within 60 days to develop communication protocols to keep people better informed, after Rogers Communications Inc su…