Polands LPP decides to sell its Russian company to Chinese consortium
(Reuters) – Polands biggest clothing retailer LPP has decided to sell its Russian company RE Trading to a Chinese consortium, LPP said on Thursday.
German gas importers can open rouble accounts to pay for Russian gas -sources
BERLIN (Reuters) – Germanys gas importers are allowed to open rouble accounts to pay for Russian gas, according to two people familiar with the matter, as a deadline to switch to a new mechanism proposed by Moscow draws nearer.
H&M reaches $36 million settlement with New York over unused gift cards
NEW YORK (Reuters) -H&M will pay $36 million to settle accusations that the fashion retailer illegally kept millions of dollars in gift cards that customers never used, New York Attorney General Letitia James said on Thursday.
IMF says Sri Lanka talks conclude May 24, monitoring developments closely
(Reuters) – An International Monetary Fund virtual mission to Sri Lanka is expected to conclude technical talks on a potential IMF loan program to the crisis-wracked South Asian country on May 24, Fund spokesman Gerry Rice said on Thursday.
Abbott baby formula plant on track to reopen within 1-2 weeks -FDA commissioner
WASHINGTON (Reuters) – Abbott Laboratories and the U.S. Food and Drug Administration are on track to reopen the companys Sturgis, Michigan, baby formula manufacturing plant within one or two weeks, FDA Commissioner Robert Califf said on Thursday.
Fed has ‘important but quite limited’ authority to police climate change risk, says nominee Barr
WASHINGTON (Reuters) – The Federal Reserve has “important but quite limited” authorities to police financial risks emanating from climate change, according to Michael Barr, President Biden‘s nominee to lead to the central bank’s regulatory work.
Ukraines PM and G7 finance ministers discuss steps to recover from war
KYIV (Reuters) – Ukrainian Prime Minister Denys Shmyhal said on Thursday he and the finance ministers of the Group of Seven rich nations had discussed “practical steps” to help Ukraine recover from the war with Russia.
Germany pledges 1 billion euros in grants to help Ukraine – Finance Minister
KOENIGSWINTER, Germany (Reuters) – German Finance Minister Christian Lindner said he pledged 1 billion euros ($1.06 billion) in grants to Ukraine at a meeting of finance officials from the Group of Seven (G7) economic powers on Thursday to help it with short-term liquidity needs.
EU ambassador to UK says bloc wont change mandate in Brexit talks
LONDON (Reuters) – The European Union will not give a new mandate to renegotiate post-Brexit trade rules for Northern Ireland agreed as part of the Brexit deal, the blocs ambassador to London said on Thursday.
Pakistan bans imports of all non-essential luxury goods – minister
KARACHI, Pakistan (Reuters) – Pakistan has banned the import of all non-essential luxury goods in a bid to stabilize the economy, the information minister said on Thursday, describing the situation as an economic emergency.
UK backs more funding for Ukraine power, urges G7 to implement tax deal
LONDON (Reuters) – Britain will guarantee a further $50 million in financing to help Ukraines electricity provision, British finance minister Rishi Sunak said on Thursday as he met his peers from the Group of Seven rich economies in Germany.
Polestar cuts 2022 delivery forecast amid China lockdown
(Reuters) – Swedish electric-vehicle maker Polestar cut its 2022 delivery forecast by 15,000 units to 50,000 vehicles on Thursday, hit by COVID-19 lockdowns in China.
Frances Macron: wants quick EU opinion on Moldova request for membership
PARIS (Reuters) – French President Emmanuel Macron said he wanted the European Union (EU) to give a “quick opinion” to Moldovas request for membership of the EU, as he hosted a meeting with Moldovan President Maia Sandu in Paris.
EU Commission to propose keeping fiscal rules suspended in 2023-officials
BRUSSELS (Reuters) – The European Commission is likely to propose on Monday keeping EU curbs on government borrowing suspended in 2023 amid great economic uncertainty and a sharp slowdown in growth caused by Russias invasion of Ukraine, officials said.
U.S. existing home sales fall for third straight month; house prices at record high
WASHINGTON (Reuters) – U.S. existing home sales dropped to the lowest level in nearly two years in April as house prices jumped to a record high amid a persistent lack of inventory.
New French PM Borne says no rush to form new government
PARIS (Reuters) – French Prime Minister Elisabeth Borne, making her first public appearance since being appointed to the role on Monday, said there was no hurry to form a new government.
Rwanda expects first 50 asylum seekers transferred from UK by end of May
By Clement Uwiringiyimana KIGALI (Reuters) – Rwanda expects the first group of 50 asylum seekers to be transferred from the United Kingdom by the end of May, a government spokesperson said on Thursday.
German insurance industry cuts outlook in wake of war
FRANKFURT (Reuters) – The German Insurance Association (GDV) has downgraded its forecast for the industry for 2022 in the wake of the war in Ukraine.
Number of people illegally in EU grew 22% in 2021 – Eurostat
(Reuters) – The number of people found to be illegally present in the European Union increased by 22% to reach nearly 700,000 in 2021, according to European statistics office data released on Thursday.
Poland‘s PGNiG says won’t use Baltic Pipe fully as gas demand set to ease
By Marek Strzelecki WARSAW (Reuters) – Polish gas company PGNiG sees no need to use all the capacity it booked in a new pipeline from Norway as soaring energy prices are likely to curb demand.
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