Reuters UK/EU

Ukraine reports unrelenting Russian attacks on key city of Bakhmut

(Reuters) -Russia’s military on Thursday pressed on with unrelenting attacks on the smashed eastern Ukrainian city of Bakhmut and also shelled the southern city of Kherson, officials in Kyiv said. The Kremlin sees Bakhmut as pivotal in its slow-moving advance through eastern Ukraine more than a year after it invaded its neighbour. Ukrainian Deputy Defence …

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U.S., UK, EU officials met with financial firms on Russian sanctions evasion

By Andrea Shalal and David Lawder WASHINGTON (Reuters) – Senior officials from the United States, Europe and Britain met on Thursday with financial institutions to brief them on efforts by Russia to evade Western sanctions imposed over its invasion of Ukraine, a senior U.S. Treasury official told reporters. The firms – from the United States, …

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IMF’s Georgieva sees risk of supply chain security leading to new Cold War

By Andrea Shalal and David Lawder WASHINGTON (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva on Thursday warned policymakers against the danger of a new Cold War as they ramp up efforts to secure their industrial supply chains amid geopolitical tensions between major powers. “The question is, can we be more determined to enhance security …

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U.S. arrests 21-year-old National Guardsman for online intelligence leaks

By Ross Kerber and Sarah N. Lynch DIGHTON, Massachusetts (Reuters) -The FBI on Thursday arrested Jack Douglas Teixeira, a 21-year-old member of the U.S. Air National Guard, over the leaks online of classified documents that embarrassed Washington with allies around the world. Federal agents in an armored car and military gear swooped in on Teixeira, …

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BlackRock sells asset-backed bonds from Credit Suisse’s books- Bloomberg News

(Reuters) -Credit Suisse Group AG has hired BlackRock Inc to help sell a portfolio of structured bonds for the Swiss bank, Bloomberg News reported on Thursday. BlackRock’s Financial Markets Advisory group has been selling off securities over the last two weeks, including pieces of collateralized loan obligations, commercial mortgage bonds and niche asset-backed debt, Bloomberg …

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World Bank’s new boss must push ahead on reforms, fight poverty-French minister

By David Lawder WASHINGTON (Reuters) – France’s development minister said on Thursday she will tell the World Bank’s expected next president, Ajay Banga, to maintain the bank’s anti-poverty mission while forging ahead with next steps by October in its evolution to fight climate change and other global crises. Chrysoula Zacharopoulou told Reuters in an interview …

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BBVA, Santander, BofA want to back Mexico’s $6 billion power deal – Bloomberg News

(Reuters) – Banco Bilbao Vizcaya Argentaria, Banco Santander SA and Bank of America Corp together plan to fund Mexico’s $6 billion deal to purchase power plants from Spain’s Iberdrola, Bloomberg News reported on Thursday citing people familiar with the talks. The three lenders are among a consortium looking to finance the deal, the report said, …

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Irish regulator has month to make order on EU-US Facebook data transfers

DUBLIN (Reuters) – Ireland’s data regulator has one month to make an order on blocking Facebook’s transatlantic data flows, European Union regulators said on Thursday. EU regulators led by Ireland’s Data Protection Commissioner (DPC) Helen Dixon have been finalising a ban on the legal tool used by Facebook to transfer European user data because of …

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