ISTANBUL (Reuters) – Turkish President Tayyip Erdogan said on Friday that he is in agreement with Russian President Vladimir Putin that a deal allowing the Black Sea export of Ukraine grain should be extended. Speaking to reporters, Erdogan said that the deal will hopefully be extended from its current July 17 deadline as results of…
By Patrick Werr CAIRO (Reuters) – Egypt risks fuelling its record inflation and putting more pressure on the Egyptian pound if it does not slow an expansion of the money supply which bankers and analysts say has been used to plug widening budget deficits. Central bank figures show “M1” money supply, which includes domestic currency…
By Marie Mannes STOCKHOLM (Reuters) -Swedish property group SBB on Friday ruled out state support as it sought to repair its battered finances, marred by a heavy loss and dwindling cash. The $13 billion group, which owns swathes of property across Sweden including hospitals and schools, racked up a pre-tax loss of 11.1 billion Swedish…
By Guy Faulconbridge MOSCOW (Reuters) -Russian President Vladimir Putin offered Wagner mercenaries the opportunity to keep fighting at a meeting just days after their failed mutiny but suggested Yevgeny Prigozhin be moved aside in favour of a different commander, the Kommersant newspaper said. Putin initially said he would crush the June 23-24 mutiny, comparing it…
By Martin Coulter LONDON (Reuters) -Finland’s Nokia cut its annual outlook on Friday and Swedish rival Ericsson reported plunging quarterly profits, as a slowdown in consumer spending hit sales of telecommunications gear. Nokia’s shares were down 9.6% in morning trade to their lowest since April 2021, while Ericsson shares were down 8.7%. Fears of an…
By Andrew Osborn MOSCOW (Reuters) – Russia accused the West on Friday of sponsoring “nuclear terrorism” after authorities said a Ukrainian drone had struck the western Russian town of Kurchatov, where a nuclear power station similar to the ill-fated Chernobyl plant is located. Roman Starovoit, the governor of Russia’s Kursk region which borders Ukraine, said…
(Reuters) -Volkswagen said on Friday its Group deliveries increased 12.8% year-on-year from January to June, registering growth in every region except China, which saw a 1.2% drop in total deliveries and a 1.6% drop in battery-electric cars. The fall was partly due to particularly high sales in the same month last year after the government…
(This July 13 story has been refiled to change the pronoun used to quote the judge, to she, from he, in paragraph 3) AMSTERDAM/BOGOTA (Reuters) – The World Court on Thursday rejected a lawsuit by Nicaragua seeking to define and expand its deep sea economic rights beyond those previously established in a long-running maritime border…
A look at the day ahead in U.S. and global markets from Mike Dolan Flush with hope that impressive disinflation will allow the Federal Reserve to end its rate-hike campaign this month, world markets now navigate a second-quarter corporate earnings season which the big U.S. banks kick off in earnest on Friday. JPMorgan, Citigroup, Wells…
BRUSSELS (Reuters) – The euro zone almost eliminated its trade deficit in May, non-adjusted data showed on Friday, as exports of chemicals and machinery picked up and the value of imported energy products, notably from Russia, declined. The European Union statistics office Eurostat said the seasonally unadjusted trade balance of the 20 countries sharing the…
