By James Davey LONDON (Reuters) – Britain’s departure from the European Union has accounted for about a third of the increase in food bills for households since 2019, equivalent to about 250 pounds ($316), researchers from the London School of Economics and other universities said. Britain has been battling inflation for over a year, partly…
BRUSSELS (Reuters) – The European Union on Friday condemned an agreement between Russia and Belarus to allow the deployment of Russian nuclear warheads in Belarus. “This is a step which will lead to further extremely dangerous escalation,” EU foreign policy chief Josep Borrell said in a statement. Russia moved ahead on Thursday with its plan…
By Naomi Rovnick LONDON(Reuters) – Experienced tech investors are hunting for undervalued opportunities in an over-valued space. At stake is how best to invest in the potential of Artificial Intelligence (AI), which took a leap forward in November when Microsoft-backed OpenAI released its ChatGPT bot, without buying into a bubble. Shares in Nvidia, which…
By Dina Kartit (Reuters) – French tyre maker Michelin said on Friday it was selling its Russia Tyre Manufacturing Company (MRTMC) and Camso CIS in Russia to Power International Tires, a tyre distributor in the country. The group did not provide details on the sale price. A group’s spokesman did not respond to a Reuters…
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union faces a challenge to convince its members to relinquish authority over export controls as it aims to bring in an EU-wide system that would also monitor outbound investment, European Trade Commissioner Valdis Dombrovskis said on Friday. The European Commission intends to present its “Economic Security Strategy”…
By Guy Faulconbridge MOSCOW (Reuters) -A senior ally of President Vladimir Putin said on Friday the conflict in Ukraine could last for decades and that negotiations with Ukraine were impossible as long as Ukraine’s Western-backed President Volodymyr Zelenskiy was in power. Russia’s 2022 invasion of Ukraine has triggered the deadliest European conflict since World War…
THE HAGUE (Reuters) – The Netherlands is “seriously considering” sending F-16 fighter jets to Ukraine but has not taken any final decision yet, Dutch Prime Minister Mark Rutte said on Friday. Earlier this week the Netherlands said it wanted to start training Ukrainian pilots in flying F-16’s as soon as possible. Asked if the Netherlands…
By Francesco Canepa and Tom Sims FRANKFURT (Reuters) – As banks came under mounting pressure in March, Deutsche Bank used big trades to give its cash buffers a temporary boost, employing a method that European regulators have raised concerns over, two sources familiar with the situation said. Deutsche swapped billions of euros in securities for…
By Benjamin Mallet and America Hernandez PARIS (Reuters) – TotalEnergies shareholders rejected an activist resolution on Friday urging faster cuts to the oil major’s greenhouse gas emissions programme after police intervened to stop climate protesters disrupting its annual general meeting. The resolution, filed by climate group Follow This and 17 institutional investors with a total…
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Pressure on foreign banks operating in Russia and the widening scope of sanctions is aggravating foreign currency settlements in Russia and creating periodic imbalances on the domestic market, the central bank said on Friday. Western sanctions on Moscow over its actions in Ukraine have curbed its…
