By John Revill ZURICH (Reuters) -The Swiss National Bank lost 142.2 billion Swiss francs ($142.60 billion) in the first nine months of 2022, it said on Monday, as rising interest rates and the stronger Swiss franc slashed the value of the central bank’…
UK PM Rishi Sunak congratulates Lula on Brazil election victory
LONDON (Reuters) – British Prime Minister Rishi Sunak on Monday congratulated Luiz Inacio Lula da Silva on his victory in Brazil’s election, saying he looked forward to coordinating on issues including protecting the planet’s natural resources. “I look…
Dollar strengthens as Fed expected to stay hawkish; yen fragile
By Rae Wee SINGAPORE (Reuters) – The dollar firmed on Monday after strong consumer spending data pointed to persistent underlying inflation pressure, cooling bets that the U.S. Federal Reserve could flag a slowdown in its aggressive interest rate hikes…
Royal Mail workers’ union withdraws November strike plan in UK
(Reuters) – The Royal Mail’s largest labour union, the Communications Workers Union (CWU), has withdrawn its planned strike action in Britain in the next two weeks, the company said on Sunday. The company and the union have talks planned through the Ad…
Brazil’s Bolsonaro takes early lead over Lula in tense election runoff
By Lisandra Paraguassu and Gabriel Stargardter SAO PAULO (Reuters) -Brazilian President Jair Bolsonaro took an early lead over former president Luiz Inacio Lula da Silva on Sunday in a tense runoff election marred by accusations from Lula’s leftist Wor…
Fresenius cuts profit guidance again on slower recovery, rising costs
By Ludwig Burger and Riham Alkousaa (Reuters) – German healthcare group Fresenius has cut its 2022 guidance for the second time on persistent cost inflation and staff shortages with its new CEO pledging a review of all its diversified businesses. The c…
Ukraine says 218 vessels blocked after Russia suspends grain deal
KYIV (Reuters) – A total of 218 vessels are “effectively blocked” due to Russia’s decision to suspend its participation in a grain export deal, Ukraine’s infrastructure ministry said on Sunday. Russia said on Saturday it suspended participation in the …
Germany set to attach conditions to gas price ‘brake’, sources say
By Christian Kraemer BERLIN (Reuters) – The German government is likely to insist companies that benefit from a planned “brake” on gas prices meet conditions, such as staying in the country or preserving 90% of the jobs they provide for a year, sources…
NATO calls on Russia to urgently renew Ukraine grain deal
BRUSSELS (Reuters) – NATO on Sunday called on Moscow to urgently renew the U.N.-brokered deal that enabled Ukraine to resume grain exports via the Black Sea amid a global food crisis. “President Putin must stop weaponising food and end his illegal war …
Russia says it recovers drones used in Black Sea fleet attack in Crimea
MOSCOW (Reuters) – Russia’s defence ministry on Sunday said it had recovered and analysed the wreckage of drones used to attack ships of Russia’s Black Sea Fleet in Crimea the day before, finding that the drones were equipped with Canadian-made navigat…