(Reuters) – Ukraine is holding talks with Turkey and the United Nations to secure guarantees for grain exports from Ukrainian ports, President Volodymyr Zelenskiy said on Monday. “Talks are in fact going on now with Turkey and the U.N. (and) our repres…
Soaring corporate tax an ‘incredible vulnerability’ for Irish economy – official
By Padraic Halpin DUBLIN (Reuters) – Ireland’s reliance on just 10 multinational firms to pay over half of the country’s soaring corporate tax receipts represents an “incredible level of vulnerability” for the economy, the finance ministry’s chief econ…
Italy declares state of emergency for drought-stricken north
ROME (Reuters) – Italy on Monday declared a state of emergency for areas surrounding the river Po, which accounts for roughly a third of the country’s agricultural production and is suffering its worst drought for 70 years. The government decree will a…
Germany suspends funds over Bosnian Serb secessionist moves – envoy
SARAJEVO (Reuters) – The German government has suspended 120 million euros ($125 million) worth of infrastructure projects in Bosnia’s Serb region over its leaders secessionist policies, international peace envoy Christian Schmidt said on Monday. Schmi…
UK police charge 19-year-old with terrorism and explosives offences
LONDON (Reuters) – British police said on Monday that they had charged a 19-year-old man with possession of explosives and terrorism offences, following his arrest on June 27 in northwest England. Vaughn Conrad John Dolphin, who lived in Walsall in cen…
EU rolls out $1.3 billion to help Nigeria diversify its economy
ABUJA (Reuters) – The European Union (EU) and its development finance institutions will provide Nigeria with 1.29 billion euros ($1.3 billion) to help Africa’s most populous country diversify its economy away from oil, a document from the bloc showed o…
Analysis-Russia hails capture of Luhansk region, but big Ukraine battles lie ahead
By Tom Balmforth KYIV (Reuters) – Though Russia can claim a prize with its capture of Ukraine’s eastern Luhansk region, it is far from Moscow’s ambitious early war aims and does not deal Kyiv a decisive military blow. The Russian assault will now switc…
Ireland boosts budget package to fight inflation
By Padraic Halpin DUBLIN (Reuters) – Ireland can increase its budget package for 2023 to help to fight soaring inflation, the finance ministry said on Monday after forecasting a small budget surplus rather than a deficit this year. As a result, ministe…
German energy-intensive firms may get up to 50 million eur in aid – document
BERLIN (Reuters) – Germany’s energy-intensive companies will be able to apply until the end of August for government aid of up to 50 million euros ($52.10 million) each to cope with soaring gas and power costs, an economy ministry document seen by Reut…
Egypt’s Suez Canal revenue hits $7 billion record peak
CAIRO (Reuters) – Egypt’s Suez Canal revenue hit a record high of $7 billion in the financial year to June 30, up 20.7% from the previous year, Canal Authority Chairman Osama Rabea said on Monday. A statement from the authority attributed the rise to a…