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Banks lift European bourses as rate hike, recession fears grow

Banks lift European bourses as rate hike, recession fears grow

By Anisha Sircar (Reuters) -European shares rose on Tuesday following a two-day slump as banking stocks boosted bourses on the back of..

O’Grady to return to Bank of Ireland as CEO – Irish Times

O’Grady to return to Bank of Ireland as CEO – Irish Times

DUBLIN (Reuters) – Bank of Ireland’s board has selected the group’s former chief financial officer Myles O’Gra..

Parched UAE turns to science to squeeze more rainfall from clouds

Parched UAE turns to science to squeeze more rainfall from clouds

By Abir Ahmar ABU DHABI (Reuters) – As a twin-turboprop aircraft takes off under the burning desert sun with dozens of salt cani..

Schlumberger, Subsea 7 and Aker Solutions to form subsea engineering firm

Schlumberger, Subsea 7 and Aker Solutions to form subsea engineering firm

OSLO (Reuters) – U.S. engineering firm Schlumberger and Norway’s Aker Solutions plan to merge their subsea oil and gas con..

PIMCO cut big position in Russia CDS by adding bonds in Q2

PIMCO cut big position in Russia CDS by adding bonds in Q2

By Davide Barbuscia NEW YORK (Reuters) – PIMCO’s largest investment fund bought Russia government international bonds and ..

Toyota’s July global vehicle output drops again, puts annual target in doubt

Toyota’s July global vehicle output drops again, puts annual target in doubt

(Reuters) -Toyota Motor Corp said on Tuesday its July global vehicle production had fallen 8.6% year-on-year, missing its target for t..

Rate fever propels dollar, wallops stocks and bonds

Rate fever propels dollar, wallops stocks and bonds

By Dhara Ranasinghe and Koh Gui Qing NEW YORK/LONDON (Reuters) – World stocks slumped on Monday as the growing risk of more aggr..

EEX markets to remain open as power prices soar – statement

EEX markets to remain open as power prices soar – statement

FRANKFURT (Reuters) – The European Energy Exchange said on Monday the bourse would remain open in its transparent price-setting ..

Dollar touches 20-year high, but kept in check by euro, as rates in focus

Dollar touches 20-year high, but kept in check by euro, as rates in focus

By John McCrank and Dhara Ranasinghe NEW YORK (Reuters) -The dollar touched a fresh 20-year high on Monday, fuelled by hawkish comment..

French PM tells firms to draft energy savings plans to avoid rationing

French PM tells firms to draft energy savings plans to avoid rationing

By Leigh Thomas PARIS (Reuters) -French Prime Minister Elisabeth Borne urged companies on Monday to draft energy savings plans by next..

Czechs seek EU price cap on gas-for-power as energy bills soar

Czechs seek EU price cap on gas-for-power as energy bills soar

By Jan Lopatka and Jason Hovet PRAGUE (Reuters) -The Czech Republic will convene an emergency meeting of European Union energy ministe..

Russia says economy to contract by less than 3% in 2022

Russia says economy to contract by less than 3% in 2022

MOSCOW (Reuters) -Russia’s economy will shrink by less than 3% in 2022, a much shallower contraction than initially expected, wh..

EEX markets to remain open as power prices soar – statement

EEX markets to remain open as power prices soar – statement

FRANKFURT (Reuters) – The European Energy Exchange said on Monday the bourse would remain open in its transparent price-setting ..

Stocks and bonds slump, dollar hot as rate fever takes hold

Stocks and bonds slump, dollar hot as rate fever takes hold

By Dhara Ranasinghe and Koh Gui Qing NEW YORK/LONDON (Reuters) – World stocks slumped on Monday as the growing risk of more aggr..

NASA postpones debut Artemis test flight of new moon rocket after engine snag

NASA postpones debut Artemis test flight of new moon rocket after engine snag

By Joey Roulette and Steve Gorman CAPE CANAVERAL, Fla. (Reuters) -An engine problem forced NASA on Monday to postpone for at least fou..

Germany’s energy bill spirals as Uniper seeks more cash

Germany’s energy bill spirals as Uniper seeks more cash

By Christoph Steitz FRANKFURT (Reuters) – Uniper requested more financial help from the German government on Monday, raising the..

Factbox-The EU’s future according to Scholz: Job-sharing commissioners and majority votes

Factbox-The EU’s future according to Scholz: Job-sharing commissioners and majority votes

PRAGUE (Reuters) – German Chancellor Olaf Scholz outlined his vision for the future of Europe on Monday in a speech at Prague..

Traders ramp up bets on 75 basis-point ECB Sept hike, bond yields jump

Traders ramp up bets on 75 basis-point ECB Sept hike, bond yields jump

By Yoruk Bahceli (Reuters) -Euro zone money markets moved on Monday to price in a two-thirds chance of a large 75 basis-point European..

Belgium supports energy price caps, suspending trading in EU power crunch

Belgium supports energy price caps, suspending trading in EU power crunch

BRUSSELS (Reuters) – Belgium has backed introducing price caps for European Union’s gas and electricity hubs, as well as s..

Dutch wind farm blows away opposition as ‘new millers’ get a stake

Dutch wind farm blows away opposition as ‘new millers’ get a stake

By Esther Verkaik ZEEWOLDE, Netherlands (Reuters) – Authorities in the Dutch city of Zeewolde have opened one of the countryR..

Oil rises on prospect of OPEC+ supply cut

Oil rises on prospect of OPEC+ supply cut

By Alex Lawler LONDON (Reuters) -Oil rose more than 1% on Monday, extending last week’s gain, as potential OPEC+ output cuts and..

Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report

Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report

By Gloria Dickie LONDON (Reuters) – Worsening droughts, storms and torrential rain in some of the world’s largest economie..

ECB should raise rates at steady pace, chief economist says

ECB should raise rates at steady pace, chief economist says

FRANKFURT (Reuters) -The European Central Bank should raise interest rates at a “steady pace” until the end of its hiking ..

EU may agree tightening visas for Russians, discuss training of Ukraine troops

EU may agree tightening visas for Russians, discuss training of Ukraine troops

By Jan Lopatka and Sabine Siebold PRAGUE (Reuters) -European Union foreign ministers, meeting in Prague on Tuesday and Wednesday, may ..

Russian rouble firms towards 60 vs dollar, stocks up

Russian rouble firms towards 60 vs dollar, stocks up

MOSCOW (Reuters) -The rouble firmed towards 60 against the dollar on Monday, supported by the last month-end tax payments that boost d..

Ericsson, Nokia to wind down Russian operations by year end

Ericsson, Nokia to wind down Russian operations by year end

By Supantha Mukherjee and Alexander Marrow STOCKHOLM/MOSCOW (Reuters) -Ericsson said on Monday it will gradually wind down business ac..

Moscow Exchange hopes for first ‘replacement bond’ issues in September

Moscow Exchange hopes for first ‘replacement bond’ issues in September

By Alexander Marrow MOSCOW (Reuters) -Moscow Exchange, Russia’s largest bourse, said the first issues of so-called “replac..

Pain of breaking inflation will reverberate around the globe

Pain of breaking inflation will reverberate around the globe

By Balazs Koranyi and Howard Schneider JACKSON HOLE, Wyo. (Reuters) -The message from the world’s top finance chiefs is loud and..

Hungary seeks increased gas supplies from Gazprom -foreign minister

Hungary seeks increased gas supplies from Gazprom -foreign minister

BUDAPEST (Reuters) – Hungary will continue talks with Russia on additional gas supplies and expects to reach a deal with Gazprom..

Oil trio’s Northern Lights in Yara CO2 emissions storage deal

Oil trio’s Northern Lights in Yara CO2 emissions storage deal

By Nerijus Adomaitis and Nora Buli STAVANGER, Norway (Reuters) -Norwegian carbon dioxide (CO2) storage company Northern Lights and its..

Swiss watchmakers remain upbeat ahead of Geneva gathering

Swiss watchmakers remain upbeat ahead of Geneva gathering

By Silke Koltrowitz ZURICH (Reuters) – Swiss watchmakers are not seeing signs so far that geopolitical tensions and recession fe..

Sony to buy mobile game developer in push beyond consoles

Sony to buy mobile game developer in push beyond consoles

By Sam Nussey TOKYO (Reuters) – Sony Group Corp on Monday said it will acquire Helsinki and Berlin-based mobile games business S..

Finnair partners with Qatar Airways in search of new routes

Finnair partners with Qatar Airways in search of new routes

  (Reuters) – Finnair will establish a strategic partnership with Qatar Airways to open up new routes from Nordic capitals ..

IKEA stores owner buys 49% stake in Swedish wind power projects

IKEA stores owner buys 49% stake in Swedish wind power projects

STOCKHOLM (Reuters) – Ingka Group, the owner of most IKEA stores worldwide, on Monday said it has agreed to buy a 49% stake in t..

Oil rises on prospect of OPEC supply cut, demand growth

Oil rises on prospect of OPEC supply cut, demand growth

By Sonali Paul and Mohi Narayan (Reuters) -Oil prices rose 1% on Monday, as expectations that OPEC would cut output if needed to suppo..

NASA’s next-generation megarocket set for debut test launch to moon

NASA’s next-generation megarocket set for debut test launch to moon

By Joey Roulette and Steve Gorman CAPE CANAVERAL, Fla. (Reuters) – NASA’s colossal next-generation rocketship was set for ..

Johnny Depp makes surprise appearance at MTV’s Video Music Awards

Johnny Depp makes surprise appearance at MTV’s Video Music Awards

By Lisa Richwine (Reuters) – Actor Johnny Depp, who is trying to rebuild his career after an ugly defamation fight with his ex-w..