EU says Russian gas payments possible, advises against rouble accounts -officials
By Kate Abnett BRUSSELS (Reuters) – The European Unions executive told member states this week they can keep buying Russian gas without breaching sanctions imposed on Russia following its invasion of Ukraine, but advised against opening rouble bank accounts to pay for it, EU officials said.
UK industrial orders grow at joint-record pace in May – CBI
LONDON (Reuters) – British manufacturers reported the joint-strongest growth in orders this month since records began, while output rose at the fastest rate since July, figures from the Confederation of British Industry showed on Thursday.
Conservative incumbent in Canadas Ontario leads two weeks ahead of vote
By Steve Scherer OTTAWA (Reuters) – Incumbent Progressive Conservative Doug Ford is leading the race to win a second term as Ontario premier with promises of tax relief at the gas pump amid soaring inflation and fixing clogged highways in Canadas biggest city, Toronto.
Travel boom spurs sales of suitcases, cigarettes and cosmetics
By Doyinsola Oladipo (Reuters) – As more people resume travel and plan vacations, retailers and consumer product companies including U.S. discount chain Target and cosmetics maker Coty are benefiting from a jump in luggage sales and increased spending at airports.
U.S imports of Latam oil soar as refiners replace Russian barrels
By Arathy Somasekhar HOUSTON (Reuters) – U.S. refiners imported about 1.3 million barrels per day (bpd) of crude and fuel oil from Latin America in April, the highest in seven months according to U.S. Customs data, as buyers began replacing Russian supplies.
Indonesia to lift palm oil export ban from Monday -president
JAKARTA (Reuters) – Indonesia will lift its palm oil export ban from Monday, May 23, following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday.
Daily FX trading volumes reach $1.86 trln in April, up 5% – CLS
LONDON (Reuters) – Average daily foreign exchange trading volumes in April hit $1.86 trillion, 5% higher than a year earlier as volatility shot higher and investors bought and sold more in spot and forward markets, CLS said on Thursday.
Euro zone swings to a rare current account deficit in March
FRANKFURT (Reuters) – The euro zone recorded its first current account deficit in a decade in March on a small trade deficit and an outflow of secondary incomes, or transfers between residents and non-residents, European Central Bank data showed on Thursday.
U.S. crypto lobbyists in push to contain fallout from stablecoin meltdown
By Hannah Lang WASHINGTON (Reuters) – The cryptocurrency industry is scrambling to respond to U.S. lawmakers concerns about stablecoins following the collapse of TerraUSD, which wiped billions off the cryptocurrency market.
By Dragon‘s Rock, world’s policymakers plot how to slay stagflation
By Francesco Canepa KOENIGSWINTER, Germany (Reuters) – The world‘s top central bankers and finance ministers gathering near Germany’s Dragons Rock on Thursday have their own beast to slay: stagflation.
Friendly fire: Redistricting forces incumbent-versus-incumbent midterm battles across U.S
By Joseph Ax (Reuters) – U.S. Representative Lucy McBath has been a rising Democratic star since 2018, when she ended 40 years of Republican dominance in a suburban Atlanta seat.
Russias economy will shrink by no more than 5% in 2022 -Kremlin aide
(Reuters) – Russias economy will contract by no more than 5% in 2022, presidential adviser Maxim Oreshkin said on Thursday, giving a much more optimistic forecast than the economy ministry.
Kremlin aide Oreshkin says Russias year-end inflation will not exceed 15%
(Reuters) – Russian presidential aide Maxim Oreshkin on Thursday said year-end inflation in Russia would not exceed 15% and would be on a steady disinflationary trend in the coming weeks.
German airline Condor eyes return to profitability next year
By Zuzanna Szymanska and Ilona Wissenbach
Advisory firm PIRC opposes Shell climate plan for lacking ambition
By Shadia Nasralla LONDON (Reuters) – Advisory group PIRC recommended shareholders vote against Shell‘s non-binding climate resolution at the energy company’s annual general meeting (AGM) on Tuesday, according to a document seen by Reuters.
Britains pound inches up, but growth fears dominate
By Lucy Raitano LONDON (Reuters) – Britains pound inched up against the dollar on Thursday, but stayed clear of recent two-week highs as soaring inflation combined with a murky growth outlook prevented a stronger rebound.
Exclusive-TikTok plans big push into gaming, conducting tests in Vietnam -sources
By Josh Ye and Phuong Nguyen HONG KONG/HANOI (Reuters) – TikTok has been conducting tests so users can play games on its video-sharing app in Vietnam, part of plans for a major push into gaming, four people familiar with the matter said.
UK card spending slowed last week, ONS says
LONDON (Reuters) – British consumer spending on credit and debit cards slowed last week after a rebound the previous week when a public holiday boosted spending, while restaurant reservations also fell, the Office for National Statistics said on Thursday.
German ex-chancellor Schroeder under EU pressure to quit Rosneft
By Francesco Guarascio BRUSSELS (Reuters) – The European Parliament is set to urge the blacklisting of former German Chancellor Gerhard Schroeder if he does not quit as a board member of Russian state-owned oil company Rosneft.
UK sanctions Russian airlines to prevent them selling landing slots
LONDON (Reuters) – Britain said on Thursday it was introducing new sanctions against the Russian airline sector to prevent state-owned Aeroflot, Ural Airlines and Rossiya Airlines from selling their unused landing slots at British airports.
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