KOENIGSWINTER, Germany (Reuters) -The Group of Seven economic powers support efforts to provide debt relief for Sri Lanka, G7 finance chiefs said on Thursday in a draft communique from a meeting in Germany after the country defaulted on its sovereign d…
Lufthansa backs Boeing, says manufacturer ‘will get back to its feet’
WASHINGTON (Reuters) – Lufthansa Chief Executive Carsten Spohr said on Thursday the German airline strongly backs U.S. airplane manufacturer Boeing Co, which has faced criticism over program delays. Earlier this month, Lufthansa said it would buy 10 ca…
Spiralling costs could take Greek graviera cheese off the menu
By Karolina Tagaris and Vassilis Triandafyllou NAXOS, Greece (Reuters) – In a small factory on the Greek island of Naxos, workers are busy churning out its famous graviera cheese. At least, they are for now. A crisis unfolding on the island’s farms is …
EU Commission to propose keeping fiscal rules suspended in 2023-officials
BRUSSELS (Reuters) – The European Commission is likely to propose on Monday keeping EU curbs on government borrowing suspended in 2023 amid great economic uncertainty and a sharp slowdown in growth caused by Russia’s invasion of Ukraine, officials said…
UK says there is a way through Turkey’s concerns over Sweden, Finland joining NATO
LONDON (Reuters) – British defence minister Ben Wallace said on Thursday he believed there was a way to address Turkey’s concerns over Sweden and Finland joining NATO. Finland and Sweden formally applied on Wednesday to join NATO, a decision spurred by…
EU ambassador to UK says bloc won’t change mandate in Brexit talks
LONDON (Reuters) -The European Union will not give a new mandate to renegotiate post-Brexit trade rules for Northern Ireland agreed as part of the Brexit deal, the bloc’s ambassador to London said on Thursday. Britain is lining up a new law that would …
GFG Alliance says Belgian court overturns ruling on steel plant
LONDON (Reuters) – A Belgian court on Thursday ruled in favour of the GFG Alliance owned by commodities tycoon Sanjeev Gupta regarding its Liege steel operations, GFG said in a statement. A commercial court in Belgium last month ruled that administrato…
German school shooting leaves one person wounded, children safe
BERLIN (Reuters) -Shots were fired at a German school in the northern city of Bremerhaven on Thursday and one person, who was not a student, was wounded, police said, adding an armed person had been taken into custody. On its website, the Lloyd Gymnasi…
G7 pledges billions for Ukraine ‘to get through this’
By Natalia Zinets and Jonathan Landay KYIV/SLATYNE, Ukraine (Reuters) – The Group of Seven agreed on Thursday to provide Ukraine with $18.4 billion to pay its bills, funds that Ukraine’s Prime Minister Denys Shmyhal said would speed up Kyiv’s victory o…
Potanin not planning further Russian banking M&A -Interfax
(Reuters) -Businessman Vladimir Potanin is not planning any further Russian banking acquisitions after two high-profile deals, and has turned down a proposal to buy the Russian arm of Italy’s UniCredit, he told the Interfax news agency on Thursday. Pot…