By Susan Mathew (Reuters) -Eurozone shares hit session lows on Tuesday after data showed inflation rose to a record high in May, spurring bets of bigger interest rate hikes by the European Central Bank (ECB). Inflation in the 19 countries sharing the euro accelerated to 8.1% in May from 7.4% in April, beating expectations for…
DUBAI (Reuters) – Qatar Airways is ready to see its legal dispute with Airbus over flaws with protective skin of A350 wide-body jets through to trial, the Gulf carrier said on Tuesday. Qatar Airways is suing the European planemaker in a UK court for $1 billion in damages after grounding about two dozen of its…
LONDON (AP) — Eurozone inflation hit a record 8.1% in May amid surging energy and food costs fueled in part by Russia’s war in Ukraine. Annual inflation in the 19 countries that use the euro currency soared past the previous record of 7.4% reached in March and April, according to the latest numbers published Tuesday…
By John Chalmers and Gabriela Baczynska BRUSSELS (Reuters) – European Union leaders handed Hungary concessions to agree an oil embargo on Russia over its invasion of Ukraine, sealing a deal in the wee hours on Tuesday that aims to cut 90% of Russia’s crude imports into the bloc by the end of the year. By…
(Reuters) – Russia widened its gas cuts to Europe on Tuesday with energy giant Gazprom turning off supplies to top Dutch trader GasTerra escalating the economic battle between Moscow and Brussels. The move comes a day after Denmark flagged a potential end to its Russian gas supply and the European Union’s toughest measure yet against…
By Susan Mathew (Reuters) -European shares fell on Tuesday, ahead of euro zone inflation data after a larger-than-expected rise in German consumer prices spurred bets of an aggressive central bank response. Annual inflation in the euro region was seen hitting a record high of 7.7% in May, and investors now worried about a sustained rise…
COPENHAGEN, Denmark (AP) — Historically skeptical about European Union efforts to deepen cooperation, Danish voters on Wednesday will choose whether to abandon the country’s decision three decades ago to opt out of the bloc’s common defense policy. The Danish referendum comes as the latest example of European countries seeking closer defense links with allies in…
ISTANBUL (AP) — Turkey’s president highlighted the activities of the Kurdistan Workers’ Party as part of his country’s objections to Sweden and Finland joining NATO and said both nations doing so would carry security risks for Turkey. The group known as PKK has waged a 38-year insurgency against Turkey that has led to tens of…
(Reuters) – Russian energy giant Gazprom said on Tuesday it has fully cut off gas supplies to Dutch gas trader GasTerra after it had failed to make payments for gas delivered in April, making good on its promise to shut down deliveries over payment issues. Russia has already cut off gas supplies to Poland, Bulgaria…
(Reuters) -Unilever named Nelson Peltz as a board member on Tuesday, as it engages in talks about strategy with the American activist investor who now holds a roughly 1.5% stake in the consumer goods giant. London-listed Unilever said Peltz will join as a non-executive director from July and serve as a member of the board’s…
