JERUSALEM (Reuters) – Israel’s foreign minister criticized the Bank of Israel for raising its benchmark interest rate again on Monday and said he supported a process that would halt further rate increases. “In the context of moderating inflation, there was no justification for today’s interest rate hike,” Foreign Minister Eli Cohen wrote on Twitter. In …
Israel’s foreign minister criticizes central bank rate hike Read More »
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -The Bank of Israel on Monday raised its benchmark interest rate by another half a percentage point, and a senior official said more increases were likely needed to rein in inflation that remains above a 5% rate. The central bank lifted its key rate to 4.25% – …
Bank of Israel battle against ‘sticky’ inflation rages on Read More »
BUDAPEST (Reuters) – Hungary’s European Union funds negotiator on Monday flagged a further possible delay in access to billions of euros of recovery money, saying ironing out remaining issues with Brussels over democratic reforms could last until the summer. Hungary can receive some 5.8 billion euros ($6.2 billion) in free grants and a further 9.6 …
Hungary flags further possible delay in access to EU funds -report Read More »
By Andrew Chung WASHINGTON (Reuters) – Nohemi Gonzalez, a 23-year-old aspiring industrial designer, ventured to Paris as a student at California State University, Long Beach on a study-abroad program. She lost her cellphone, so one day in November 2015 she let her mother Beatriz know she was well with a one-word message on Facebook: “Mommy.” …
A family’s tragedy leads to U.S. Supreme Court social media showdown Read More »
By Maiya Keidan and Divya Rajagopal TORONTO (Reuters) – As Rogers Communications’ long-delayed takeover of Shaw Communications Inc nears its final hurdle, bankers, lawyers and shareholder advisors are preparing to finally pocket a C$100 million-plus ($75 million) fee from the bitterly contested deal. And in a rare twist, the lawyers are expected to pocket more …
Rogers-Shaw lawyers could nab bigger share of C$100 million-plus fee jackpot Read More »
By Max Hunder KYIV (Reuters) -U.S. President Joe Biden promised new military aid for Ukraine worth $500 million during a surprise visit to Kyiv on Monday, almost a year to the day since Russia’s invasion. In a trip showing solidarity with Kyiv, Biden also said additional sanctions would be announced this week against the Russian …
Biden promises new military aid for Kyiv during ‘historic’ visit Read More »
By Vera Eckert FRANKFURT (Reuters) -Germany will do most of the work this year to prepare its power market for greater reliance on renewable supplies by the end of the decade, Economy Minister Robert Habeck said on Monday. Habeck aims to overhaul the 550 terawatt hours a year (TWh) market as demand increases and production …
Germany to accelerate power market reform, minister says Read More »
STOCKHOLM (Reuters) -Telecoms gear maker Ericsson plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs globally, it said on Monday. The company had earlier announced plans to cut costs by 9 billion crowns ($880 million) by the end of 2023 as demand slows in some markets, including …
LONDON (Reuters) – The coming week will mark a year since Russia invaded Ukraine. The war goes on, but the world, and the markets, are in a very different place from last February. Here’s a look at the week ahead in markets from Kevin Buckland in Tokyo, Naomi Rovnick and Karin Strohecker in London, Vidya …
By Dominique Vidalon PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Monday he will meet retailers this week to find ways to help shoppers cope with high food price inflation, with a view to finding a solution to the problem by March 15. “I will hold talks with French retailers this week… …
French Finance Minister to meet retailers this week over food inflation worries Read More »
