By Sruthi Shankar (Reuters) -European stocks rose strongly on Monday after a sharp selloff last week on recession worries, while gains in French shares were capped after President Emmanuel Macron lost an absolute majority in the country’s parliamentary election. The pan-European STOXX 600 index closed up 1.0%, with battered banking, travel and energy stocks leading…
By Samuel Indyk LONDON (Reuters) – The euro rose on Monday as markets focused on European Central Bank tools to fight fragmentation in the currency bloc, shrugging off the risk of political gridlock in France for now after President Emmanuel Macron lost an absolute majority in a parliamentary election. Macron’s Ensemble alliance secured the most…
By Tim Hepher and Alexander Cornwell DOHA (Reuters) -Global airlines battered by COVID-19 seem confident of narrowing their losses but still face challenges such as labour shortages at airports which could restrict post-crisis growth, industry executives at a summit in Doha said. Recent flight delays and cancellations have been widely blamed on a lack of…
(Reuters) – A Moscow court on Monday rejected an appeal brought by Meta Platforms Inc after it was found guilty of “extremist activity” in Russia, the TASS news agency reported. Russia in March found Meta guilty of “extremist activity”, but said the ruling would not affect its WhatsApp messenger service, focusing on the U.S. firm’s…
BAKHMUT, Ukraine (AP) — Holed up in a bombed-out house in eastern Ukraine, Ukrainian troops keep a careful accounting of their ammunition, using a door as a sort of ledger. Scrawled in chalk on the door are figures for mortar shells, smoke shells, shrapnel shells, flares. Despite the heavy influx of weapons from the West,…
(Refiles to add missing letter in ‘AT1 bond’ in headline, no other changes to text) LONDON (Reuters) -Scandal-hit lender Credit Suisse has opted to tap investors for a pricier dollar bond in order to repay a $1.5 billion capital-boosting issue, a measure investors say was necessary to avoid raising concern over its ability to pay…
By Julia Symmes Cobb and Oliver Griffin BOGOTA (Reuters) -The election of Colombia’s first leftist president, Gustavo Petro, is indicative of widespread yearning for a more equal and inclusive society, analysts and business leaders said, but the former guerrilla will need to act fast to reassure investors. Petro, a 62-year-old former mayor of the capital…
PARIS (AP) — France faced an ecstatic Marine Le Pen on Monday after her party’s far-right candidates sent shockwaves through the political establishment and helped deny President Emmanuel Macron’s centrist alliance a majority in parliament. The surprising breakthrough for the far right — alongside a surge in support for hard-left candidates — undercuts Macron’s leadership,…
By Samuel Indyk LONDON (Reuters) – The euro rose on Monday as markets focused on the European Central Bank’s tools to fight fragmentation in the currency bloc, even after President Emmanuel Macron’s centrists lost their absolute majority in a French parliamentary election. Macron’s Ensemble alliance secured the most seats in the National Assembly but fell…
By Tim Hepher and Alexander Cornwell DOHA (Reuters) -Global airlines battered by COVID-19 seem confident of narrowing their losses and went on the offensive at an industry summit in Qatar, criticising governments and airports over their handling of the recovery from the pandemic. “The cost of government mismanagement was substantial. It devastated economies, disrupted supply…
