By Jeff Mason WASHINGTON (Reuters) -Group of Seven (G7) leaders including U.S. President Joe Biden will hold a video call on Sunday with Ukrainian President Volodymyr Zelenskiy in a show of unity the day before Russia marks its Victory Day holiday, the…
Generali becomes majority shareholder in Indian non-life joint venture
MILAN (Reuters) – Italy’s top insurer Generali said on Friday it had completed the acquisition of a 25% stake in its Indian non-life insurance joint venture, increasing its holding to 74% after receiving regulatory and competition approvals. When it an…
Norway’s Norges Bank Investment Management to back Kohl’s nominees in proxy fight
By Svea Herbst-Bayliss NEW YORK (Reuters) – Norway’s sovereign wealth fund said on Friday that it plans to vote for Kohl’s board directors, backing management in a hotly contested corporate battle with hedge fund Macellum Advisors. Norges Bank Investme…
Shell says in talks to sell Russian retail business
LONDON (Reuters) – Shell said on Friday it is in talks to sell its network of petrol stations and lubricant plant in Russia as the British company forges ahead with its plans to exit the country following Moscow’s invasion of Ukraine. Ahead of the poss…
Queen to attend UK Jubilee celebrations, but snubs for Andrew and Harry
By Michael Holden LONDON (Reuters) -Queen Elizabeth plans to attend major celebrations to mark her 70 years on the British throne next month, Buckingham Palace said on Friday, but two out-of-favour royals, Princes Andrew and Harry, will be excluded fro…
ECB’s Rehn sees rate rise in July, rates in positive territory by year-end
SALZBURG, Austria (Reuters) – Finnish central bank governor Olli Rehn expects the European Central Bank will raise interest rates in July, continue increasing them to reach zero in the course of autumn and expects positive rates by year-end. “I believe…
Stocks slip, long-dated yields rise on inflation jitters
By Herbert Lash NEW YORK (Reuters) -Long-dated U.S. Treasury yields surged and global stock markets slid further on Friday as investors worried the Federal Reserve may not be able to curb inflation in the years ahead despite U.S. labor data showed dece…
EU tweaks Russia oil sanctions plan in bid to win over reluctant states – sources
By Francesco Guarascio and Robin Emmott BRUSSELS (Reuters) – The European Commission proposed changes to its planned embargo on Russian oil to give Hungary, Slovakia and the Czech Republic more time to shift their energy supplies, EU sources said, alth…
Pent-up demand prompts European travel recovery as COVID curbs ease
By Paul Sandle and Tim Hepher LONDON/DUBLIN (Reuters) – European airlines and hotel chains are seeing bookings recover to levels barely seen since the start of the COVID-19 pandemic, led by demand for shorter trips, although long-distance travel remain…
Explosion hits hotel in downtown Havana – Cuban state media
HAVANA (Reuters) -A strong explosion hit a hotel in downtown Havana on Friday, Cuban state media said, and a Reuters witness saw smoke and flames coming from the building. Photos from Granma, the Cuban communist party’s official daily, showed images of…