Ukraines Zelenskiy says sixth package of EU sanctions against Russia needed
(Reuters) – Ukrainian President Volodymyr Zelenskiy said on Tuesday the European Union‘s planned sixth package of sanctions against Russia, including an oil embargo, was needed as the bloc’s proposals still faced talks.
UN rights boss to arrive in China for historic visit by month-end
(Corrects to add dropped letter in spokespersons name)
UK PM Johnson promises more to say on cost of living support in coming days
LONDON (Reuters) – British Prime Minister Boris Johnson and Chancellor Rishi Sunak will have more to say in the coming days on helping voters with the current cost of living crisis, Johnson said in parliament on Tuesday.
Italys TIM on track to secure state-backed credit line – sources
By Giuseppe Fonte, Valentina Za and Elvira Pollina
Canadas Suncor says company is improving operations, talks with activist firm ahead
By Nia Williams (Reuters) – Canadian oil and gas producer Suncor Energy, which is under pressure from an activist investor firm, on Tuesday said it is making progress on safety and operational improvements after posting stronger-than-expected first quarter results.
Appeals court dismisses New York lawsuit against Amazon.com over worker safety
(Reuters) – A New York state appeals court on Tuesday dismissed state Attorney General Letitia James‘ lawsuit against Amazon.com Inc over the online retailer’s safety protocols for thousands of workers at two New York City facilities.
Boeing delivered 28 737 MAX jets in April -data
By Eric M. Johnson SEATTLE (Reuters) – Boeing Co said on Tuesday it had delivered 28 of its cash cow 737 MAX single-aisle jets to customers in April, seizing on rebounding air travel even as the U.S. planemaker battles industrial and regulatory hurdles across its jet
ECB doesnt need spread-fighting tool right now, Nagel says
ELTVILLE AM MAIN, Germany (Reuters) – The European Central Bank does not need at present to come up with a new tool to keep bond spreads in check and should instead focus on curbing inflation, ECB policymaker Joachim Nagel said on Tuesday.
Czech finance ministry will amend budget, raising planned deficit due to Ukraine war
PRAGUE (Reuters) – The Czech finance ministry will draft an amendment to the 2022 state budget, raising the planned 280 billion crown ($11.80 billion) deficit target due to the war in Ukraine, the ministry said on Tuesday on Twitter.
German households will be prioritised in gas supply emergency -regulator
FRANKFURT (Reuters) – Households won‘t be first to be hit when it comes to the potential rationing of gas in Germany should Russian supplies be disrupted, the head of the country’s energy regulator said, rejecting calls for a prioritisation of industry.
Ukrenergo pays interest on ‘green’ Eurobond on time – CEO
KYIV (Reuters) – Ukrainian power company Ukrenergo has paid $28.4 million on time as the first coupon on its debut five-year “green” Eurobond and will continue servicing its debt despite Russia‘s invasion, the company’s head said on Tuesday.
U.S. household debt nears $16 trln, but mortgage, auto loan demand wanes – NY Fed
(Reuters) – U.S. household debt rose to a record $15.84 trillion in the first quarter driven almost entirely by a $250 billion increase in home loan balances, but the rise was the smallest in a year and new mortgage and auto loan originations declined for a
Fed nominee Cook may get Senate consideration later Tuesday
(Reuters) – U.S. Senate leader Chuck Schumer is expected to call on Tuesday for a procedural vote on Federal Reserve nominee Lisa Cook that would clear the way for a possible vote on her confirmation later in the day.
Euro zone bond yields fall, Italian-German spread below 200
By Stefano Rebaudo (Reuters) – Euro zone borrowing costs fell sharply on Tuesday as investors covered short positions after recently pushing yields to multi-year highs on aggressive European Central Bank tightening bets.
Peru to increase public spending in mining regions to curb social conflicts
LIMA (Reuters) – Peru will increase public spending in mining regions in a bid to de-escalate social conflicts that have impacted mining output, Finance Minister Oscar Graham said on Tuesday.
ConocoPhillips shareholders vote against Scope 3 emissions reduction targets
(Reuters) – Shareholders of oil and gas producer ConocoPhillips on Tuesday did not support a proposal to include Scope 3 greenhouse gas emissions, or those generated by its products, in its emissions reduction targets, according to a preliminary tally of votes on the resolution.
Exclusive-South Koreas CJ CheilJedang puts Brazil soy crusher CJ Selecta up for sale, sources say
By Ana Mano SAO PAULO (Reuters) – The South Korean owner of Brazilian soy processor CJ Selecta has put the company up for sale, drawing interest from large international grain traders, according to three sources with knowledge of the matter.
GE unit boosts medical dye output as China COVID lockdown cuts supplies
BEIJING/LONDON (Reuters) – General Electrics healthcare unit said on Tuesday it had increased output of dye used for medical scans and tests at its factory in Ireland and shipped products by air to help combat shortages caused by the suspension of its Shanghai factory.
Intel launches new AI chips, challenging Nvidias market
By Steven Scheer and Jane Lanhee Lee JERUSALEM/SAN FRANCISCO (Reuters) – Intel Corp on Tuesday launched a new chip called Gaudi2 focused on artificial intelligence computing, as the chip manufacturer makes a bigger push into the AI chip market currently dominated by Nvidia Corp.
Fraport CFO says European travellers can offset Russian customer losses
FRANKFURT (Reuters) – German airport operator Fraport said on Tuesday it seems the loss of Russian customers, who have been the most frequent travellers to destinations in Turkey and Bulgaria, would be compensated for by tourists from other European nations.
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