By David Lawder WASHINGTON (Reuters) -The Ukraine war’s disruptions to grain and fertilizer flows have prompted the worst food security crisis since at least the one following the 2007-2008 global financial meltdown, with some 345 million people now fa…
Defiant Putin proclaims Ukrainian annexation as military setback looms
By Jonathan Landay ZAPORIZHZHIA, Ukraine (Reuters) – A defiant Vladimir Putin proclaimed Russia’s annexation of a swathe of Ukraine in a pomp-filled Kremlin ceremony, promising Moscow would triumph in its “special military operation” even as he faced a…
Analysis-European telcos set to win fight with Big Tech, could set global agenda
By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) – European telecoms providers are set to win their decade-long fight to make Big Tech pay for network costs, thanks to sympathetic EU regulators and the bloc’s efforts to rein in U.S. …
BlackRock says cutting leverage in some funds in UK pensions crisis
By Carolyn Cohn LONDON (Reuters) -U.S. asset management group BlackRock said on Friday it was reducing leverage in so-called liability-driven investment (LDI) funds at the centre of chaotic market conditions for British pension funds this week, to prot…
Hundreds of gig driver jobs under threat in Spain as new rules kick in
MADRID (Reuters) – Hundreds of ride-hailing app drivers in Barcelona and other Spanish cities could lose their jobs on Saturday when a deadline for new rules covering these services expires, drivers and fleet owners told Reuters. Spain’s regional gover…
Putin accuses West of blowing up pipelines as Europe steps up vigilance
By Jake Cordell and Nina Chestney TBILISI/LONDON (Reuters) -Russian President Vladimir Putin on Friday blamed the United States and its allies for blowing up the undersea Nord Stream pipelines, raising the temperature in a crisis that has left Europe r…
Nord Stream gas ‘sabotage’: who’s being blamed and why?
By Joanna Plucinska WARSAW (Reuters) – Major leaks that suddenly erupted in the Nord Stream gas pipelines that run from Russia to Europe under the Baltic Sea have generated plenty of theories but few clear answers about who or what caused the damage. H…
SocGen picks investment banking boss Krupa as its next CEO
By Silvia Aloisi PARIS (Reuters) -France’s third biggest bank, Societe Generale, said on Friday investment banking boss Slawomir Krupa had been chosen by the board to become its next chief executive, succeeding veteran banker Frederic Oudea who is due …
Credit Suisse has strong capital base and liquidity -CEO memo
ZURICH (Reuters) – Credit Suisse has solid capital and liquidity, Chief Executive Ulrich Koerner told staff in a memo seen by Reuters on Friday and confirmed by a spokesperson for the Swiss bank that is due to announce the outcome of a strategic review…
UK sanctions Russia’s central bank Governor Nabiullina
LONDON (Reuters) -Britain sanctioned Russia’s Central Bank Governor Elvira Nabiullina on Friday, imposing an asset freeze and travel ban, the British Foreign Office said. The foreign office said Britain had also imposed new services and goods export ba…