By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank risks losing sight of corporate profits as a driver of inflation – or “greedflation” in market parlance – by zeroing in on wage growth which still lags far behind prices, economists said on Friday. ECB President Christine Lagarde singled out rising salaries as…
By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been predictably subdued in Asia as a U.S. holiday provides a convenient excuse for stocks to consolidate recent hefty gains before a bevy of central bank meetings this week. Most indices are down, with the…
(Reuters) -Moscow declined United Nations offers to help residents affected by the flooding from the breached Kakhovka Dam, the world body said on Sunday, as the death toll rose and filthy water has forced the closing of beaches in southern Ukraine. The collapse of the Moscow-controlled dam on June 6 unleashed floodwaters across southern Ukraine…
By Mark Trevelyan (Reuters) -Russia reported fierce fighting on Sunday on three sections of the front line in Ukraine while Ukraine’s president praised his troops for repelling enemy advances and said their counter-offensive was progressing well. The assesments of action along the 1,000-km (600-mile) long front were made a day after an African peace mission…
By Sarah Marsh and Andreas Rinke BERLIN (Reuters) – Chancellor Olaf Scholz faces a delicate balancing act this week at German-Chinese government consultations in Berlin, seeking to maintain good ties with Germany’s largest trade partner while complying with a G7 pledge to “de-risk” from Beijing. Scholz receives Chinese premier Li Qiang for dinner in the…
By Tim Hepher, Allison Lampert and Kylie Madry PARIS/MEXICO CITY (Reuters) – Airbus is in advanced talks over a major new order from Mexican ultra-low-cost carrier Viva Aerobus, industry sources said on Sunday. The number of new narrowbody planes being discussed ran into triple digits, meaning at least 100, the sources added, declining to go…
By Tiemoko Diallo and Fadimata Kontao BAMAKO (Reuters) -Mali started counting votes on Sunday from a constitutional referendum that the ruling military junta and regional powers have said will pave the way to elections and a return to civilian rule. The junta, which seized power in coups in 2020 and 2021, promised to hold the…
PARIS (Reuters) – Boeing expects to increase production of its best-selling 737 MAX to 38 jets a month “pretty soon,” but the company is likely to see supply chain instability at every rate increase, the head of Boeing Commercial Airplanes (BCA) said Sunday. Boeing had planned to bolster 737 MAX production from its current 31…
By Valerie Insinna and Tim Hepher WASHINGTON/PARIS (Reuters) – European hopes of winning at the second attempt a groundbreaking U.S. military order for refueling planes are fading after the Pentagon scaled back its potential order, cooling the prospect of a new transatlantic “Tanker War,” industry sources said. Aerospace titans Airbus and Boeing clashed in an…
(Reuters) – Russian President Vladimir Putin on Saturday gave African leaders seeking to mediate in the war in Ukraine a list of reasons why he believed many of their proposals were misguided, pouring cold water on a plan already largely dismissed by Kyiv. The African leaders were seeking agreement on a series of “confidence building…
