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HALLE, Belgium (AP) — Farmers blocked more traffic arteries across Belgium, France and Italy on Wednesday, as they sought to disrupt trade at major ports and other economic lifelines. They also moved closer to Brussels on the eve of a major European Union summit, in a continued push for better prices for their produce and less bureaucracy in their work. I think we are addressing two very important (concerns) of them right now,” European Commission Vice President Maroš Šefčovič said. A climax in Belgium is set for Thursday, when farmers plan to protest outside EU headquarters during a summit of government leaders. Despite the widespread inconveniences, governments in the EU are treating protests, which have been mostly peaceful, with extreme caution.

Persons: Maroš Šefčovič, Sven Pieters, Gérald Darmanin, “, Alexander De Croo, De Croo, Emmanuel Macron, ___ Sylvie Corbet, Ciaran Giles Organizations: HALLE, — Farmers, European Commission, EU, Protesters, South Locations: Belgium, France, Italy, Brussels, Ukraine, “, Berlin, Paris, Rome, Flanders, Zeebrugge, Creteil, “ Paris, ”, Chile, New Zealand, Belgian, Madrid

☆ Gaza Tensions Undercut Ukraine’s Peace Summit Hopes
▼ + stars: | 2023-11-09 | by ( Laurence Norman | ) www.wsj.com time to read: 1 min

A European Union summit in Brussels in February where country leaders met Ukraine’s President Volodymyr Zelensky. Photo: Valeria Mongelli/Bloomberg NewsBERLIN—A Ukrainian push for a high-level summit aimed at bolstering international support for its fight with Russia is losing steam, a casualty of rising tensions in the Middle East, Western diplomats said. Dozens of countries—including India, South Africa, Brazil and other major powers that have been neutral on the war between Ukraine and Russia—have for months sought to define core principles, such as the territorial integrity of states, that could underlie peace talks.

Persons: Volodymyr Zelensky ., Valeria Mongelli, Russia — Organizations: Bloomberg, BERLIN Locations: Brussels, Russia, East, India, South Africa, Brazil, Ukraine

☆ EU summit turns its eyes away from Ukraine despite a commitment to stay the course with Zelenskyy
▼ + stars: | 2023-10-28 | by ( ) www.cnbc.com time to read: +5 min

It was a good thing Ukrainian President Volodymyr Zelenskyy had his videoconference address to the European Union summit pre-slotted for the opening session. They didn't come back to the issue of Russia's war in Ukraine again before Friday's closing day of the summit. Not only have the geopolitics in general shifted, some of the EU politics in particular are no longer as kind to Zelenskyy. There is also a four-year 20-billion-euro ($21 billion) military and security package in the pipeline. "If we don't help Ukraine, then what is the alternative, really," Estonian Prime Minister Kaja Kallas said.

Persons: Volodymyr Zelenskyy, Zelenskyy, Mike Johnson, Israel, Robert Fico, Viktor Orbán, Orbán, Anton Siluanov, Boris Pistorius, Fico, Orban, Kaja Kallas, Leo Varadkar, Putin Organizations: European Union, EU, U.S ., Slovak, Ukraine, Russian, U.S . Congress, IRIS, " Locations: Israel, Ukraine, Moscow, Europe, Slovakia, Germany, France, Hungary, Zelenskyy, Russian, United States, Brussels, Estonian, Russia

BRUSSELS (AP) — It was a good thing Ukrainian Prime Minister Volodymyr Zelenskyy had his videoconference address to the European Union summit pre-slotted for the opening session. They didn't come back to the issue of Russia's war in Ukraine again before Friday's closing day of the summit. With Ukraine funding in jeopardy in the U.S. Congress, Zelenskyy is looking to leave the financial lifeline to Europe open. “If we don’t help Ukraine, then what is the alternative, really,” Estonian Prime Minister Kaja Kallas said. Why do you think that you’re safe then?”Irish Prime Minister Leo Varadkar has the answer.

Persons: Volodymyr Zelenskyy, Mike Johnson, Robert Fico, Viktor Orbán, Orbán, ” Orbán, Anton Siluanov, Zelenskyy, “, ”, Boris Pistorius, Kaja Kallas, Leo Varadkar, Putin, ” ___ Geir Moulson, Sylvie Corbet, Justin Spike Organizations: Ukrainian, European Union, EU, U.S ., Ukraine, Russian, U.S . Congress, IRIS, ” Locations: BRUSSELS, Israel, Ukraine, Moscow, Europe, EU, Slovak, Germany, France, Slovakia, neigboring Hungary, Zelenskyy, Kyiv, Russian, United States, Brussels, Estonian, Russia, Berlin, Paris, Budapest, Hungary

☆ Morning Bid: Amazon and goldilocks ride to the rescue
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +6 min

Unlike the reaction to similarly decent results from some of its Big Tech peers this week, shares in the online retail giant Amazon climbed 5% after hours. And both Nasdaq and S&P500 futures were set to bounce into the weekend later after the cash markets closed at their lowest since May. With nominal U.S. growth running at close to 8%, depending on which inflation gauge you use, the heat is impressive. And even the racy headline GDP growth rate was below many assumptions of a 5%-plus print. That bond relief has perhaps flattered the overnight stocks bounce - although on aggregate the earnings season is pretty decent too.

Persons: Brendan McDermid, Mike Dolan, megacaps, Wang Yi, crumb, Sanofi, TRowe Price, Stanley Black, Decker, CBRE, Christine Lagarde, Jane Merriman Organizations: Chevron Corp, Hess Corp, New York Stock Exchange, REUTERS, Amazon, Big Tech, Nasdaq, Treasury, Federal Reserve, Fed, Big, Exxon Mobil, Chevron, Apple, of Japan, European Central Bank, Britain's NatWest, Financial, Authority, University of Michigan, Colgate, Palmolive, Xcel Energy, Charter Communications, Phillips, Central Bank, European Union Summit, Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, United States, China, Syria, Europe, Dallas, Abbvie, LyondellBasell, Brussels

☆ Slovakia's Fico will not support more military aid to Ukraine at EU summit -Slovak media
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +3 min

Slovakia's newly appointed Prime Minister Robert Fico attends the new cabinet's inauguration, at the Presidential Palace in Bratislava, Slovakia, October 25, 2023. REUTERS/Radovan Stoklasa Acquire Licensing RightsOct 26 (Reuters) - Slovakia's newly appointed Prime Minister Robert Fico will not back further military aid for Ukraine nor support further sanctions against Russia at his first European Union summit, Slovak media cited him as saying on Thursday. Fico campaigned heavily in a September election on pledges to halt Slovakia's military aid to Ukraine, make foreign policy independent, and protect borders from illegal migrants. The EU and its member countries have provided billions of euros in assistance to Ukraine since Russian forces invaded in February last year. Fico has pledged repeatedly to halt military aid for Ukraine, after previous Slovak governments shipped military hardware including fighter jets, an S-300 air defence system, and fighting and de-mining vehicles to Ukraine.

Persons: Slovakia's, Robert Fico, Radovan Stoklasa, Fico, Dennik, Viktor Orban, Jason Hovet, Deborah Kyvrikosaios Organizations: REUTERS, Russia, Union, European Union, Ukraine, EU, year's, Pravda, Hungarian, Kyiv, Thomson Locations: Bratislava, Slovakia, Ukraine, Brussels, Israel, Russian, United States, Prague

☆ Morning Bid: Haunted by 5% ahead of ECB, GDP and Amazon
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2023. With Amazon due to report later, there was no respite for the so-called 'Magnificent Seven' Wall St behemoths or the wider market ahead of Thursday's open. The bond market seemed unimpressed even as the U.S. House of Representatives ended a three week hiatus by electing Republican Mike Johnson, a conservative with little leadership experience, as speaker. European stocks (.STOXXE) and the euro dropped sharply, meantime, as regional banking shares were hit ahead of the European Central Bank's policy decision later in the day. Key developments that should provide more direction to U.S. markets later on Thursday:* European Central Bank policy decision and press conference.

Persons: Brendan McDermid, Mike Dolan, Israel, Republican Mike Johnson, Johnson, Joe Biden's, AO, Bunge, Northrop, Wang Yi, Antony Blinken, Emelia Sithole Organizations: New York Stock Exchange, REUTERS, Google, Big Tech, Nasdaq, Semiconductor, SOX, Bank of Japan, U.S . House, Republican, United Auto Workers, Ford, European, ECB, Chartered, BNP, Central Bank, Turkish Central Bank, Fed, Intel, UPS, Honeywell, Merck, Comcast, Mastercard, Capital, Energy, Mohawk, Eastman Chemical, Camden Property, AO Smith, Hasbro, Myers Squibb, Boston Scientific, Hershey, Northrop Grumman, Treasury, Foreign, U.S, Brussels Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, Wall, Israel, Gaza, Philadelphia, Bank, Ukraine, China, Kansas, Bristol, Washington, Brussels

☆ Slovakia's SMER party to sign agreement on forming new government on Monday
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

SMER-SSD party leader Robert Fico arrives to the party's headquarters, after the country's early parliamentary elections, in Bratislava, Slovakia, October 1, 2023. REUTERS/Eva Kornikova/File Photo Acquire Licensing RightsOct 16 (Reuters) - Slovakia's former Prime Minister Robert Fico and his SMER-SSD party will sign a coalition agreement to form a new government with the centre-left HLAS and nationalist SNS parties on Monday, SMER said. Fico, a three-time prime minister, won an election on Sept. 30 with pledges to halt military aid to Ukraine and criticism of sanctions on Russia. He struck a deal with the coalition parties last week and is expected to lead a new government. The coalition agreement was set to be signed at 1 p.m. (1100 GMT).

Persons: Robert Fico, Eva Kornikova, SMER, Jason Hovet, Alex Richardson Organizations: REUTERS, SNS, Thomson Locations: Bratislava, Slovakia, Ukraine, Russia, Prague

☆ Slovakia's SMER Party to Sign Agreement on Forming New Government on Monday
▼ + stars: | 2023-10-16 | by ( Oct. | At A.M. | ) www.usnews.com time to read: 1 min

(Reuters) - Slovakia's former Prime Minister Robert Fico and his SMER-SSD party will sign a coalition agreement to form a new government with the centre-left HLAS and nationalist SNS parties on Monday, SMER said. Fico, a three-time prime minister, won an election on Sept. 30 with pledges to halt military aid to Ukraine and criticism of sanctions on Russia. He struck a deal with the coalition parties last week and is expected to lead a new government. The coalition agreement was set to be signed at 1 p.m. (1100 GMT). The parties are seeking to have an administration in place ahead of a European Union summit on Oct. 26-27 where Ukraine will be high on the agenda.

Persons: Robert Fico, SMER, Jason Hovet, Alex Richardson Organizations: Reuters, SNS Locations: Ukraine, Russia, Prague

His death, caught on video, has reignited longstanding complaints by poor and racially mixed urban communities of police violence and racism. Interior Minister Gerald Darmanin said early on Saturday that 270 people had been arrested on Friday night, bringing the total to more than 1,100 since unrest ignited. In Lyon, France's third-largest city, the gendarmes police force deployed armoured personnel carriers and a helicopter to quell the unrest. Darmanin asked local authorities across France to halt bus and tram traffic from 9 p.m. (1900 GMT) and said 45,000 officers were being deployed, 5,000 more than on Thursday. In Paris, police cleared protesters from the iconic central Place de la Concorde square on Friday night after an impromptu demonstration.

Persons: Nahel, Juan Medina, Macron, Emmanuel Macron, Gerald Darmanin, France's, Benoit Payan, Darmanin, we're, Snapchat, Mohamed Jakoubi, Enzo Santo Domingo, Ravina Shamdasani, Laurent, Franck Lienard, didn't, Lienard, Jacques Chirac, Dominique Vidalon, Marc Leras, Jean, Stephane Brosse, Pascal Rossignol, Elizabeth Pineau, Layli Foroudi, Gabrielle Tetrault, Farber, Charlotte Van Campenhout, Alison Williams, Sandra Maler, Dan Wallis, Cynthia Osterman Organizations: REUTERS, Government, Marseille, TF1, French soccer, Stade de France, de, Meta, Twitter, Thomson Locations: Nanterre, Paris, France, PARIS, Marseille, Lyon, Toulouse, Strasbourg, Lille, Spanish, Bilbao, Brussels, Aubervilliers, U.S, Geneva, Amsterdam

☆ Over 600 Arrested in France After Another Night of Unrest
▼ + stars: | 2023-06-30 | by ( Aurelien Breeden | ) www.nytimes.com time to read: +1 min

More than 600 people were arrested in France in a third night of unrest that has rocked cities around the country since a police officer fatally shot a 17-year-old driver this week, the authorities said on Friday, with decades-long complaints about police violence and persistent feelings of neglect and racial discrimination in France’s poorer urban suburbs adding fuel to the protests. President Emmanuel Macron, who was at a European Union summit in Brussels, took the rare step of leaving before the end to attend a crisis meeting in Paris. It was his second this week as the government struggles to contain the anger unleashed by the killing, which took place during a traffic stop in Nanterre, west of Paris, on Tuesday. The officer who fired the shot has been placed under formal investigation on charges of voluntary homicide and detained — a rare step in criminal cases involving police officers. But the swift charges against the officer appeared to have done little to calm tensions, with many of the protesters identifying with the teenager, a French citizen of North African descent who has been publicly identified only as Nahel M.Overnight, protesters burned cars, damaged public buildings, looted stores and clashed with riot police officers in Nanterre and dozens of cities around France.

Persons: Emmanuel Macron, — Locations: France, Brussels, Paris, Nanterre, French, North

☆ Morning Bid: Midyear market mettle, Nike clipped
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +4 min

U.S. jobless claims posted their biggest drop in 20 months last week, first-quarter economic growth was revised higher and inflation below forecast. The Federal Reserve's favoured PCE inflation gauge for May is due for release later. The constellation of resilient growth, a tight labour market, buoyant consumer confidence and a rebounding housing market are pushing back recession fears despite sharply rising interest rates that the Fed is signalling could rise twice more. The offshore yuan hit its weakest since Nov. 4 as pressure for lower domestic interest rates builds - in contrast to the U.S. direction of travel. Events to watch for later on Friday:* U.S. May personal income, spending and PCE inflation gauge.

Persons: Mike Dolan, Federal Reserve's, Russell Organizations: Federal, Nasdaq, International Monetary Fund, Dallas Fed PCE, Chicago, PMI, University of Michigan's, Constellation Brands, Reuters Graphics, Thomson, Reuters Locations: U.S, Britain, Pakistan, Brussels

☆ France riots: Public transport curtailed after rage over shooting
▼ + stars: | 2023-06-30 | by ( ) www.cnbc.com time to read: +3 min

A burned bus is seen at the Aubervilliers bus terminal, north of Paris following police three days after a 17-year-old boy was shot in the chest by police at point-blank range in Nanterre, Paris, France on June 30, 2023. France asked all local authorities to halt public transport early on Friday evening in a desperate attempt to restore order after rioters torched buildings and cars in a third night of rage sparked by the police shooting of a teenager. In the southern city of Marseille, France's second-largest, authorities banned public demonstrations set for Friday, and encouraged restaurants to close outdoor eating areas early. Rights groups allege systemic racism inside law enforcement agencies in France, a charge Macron has denied. The interior ministry said 79 police posts were attacked overnight, as well as 119 public buildings including 34 town halls and 28 schools.

Persons: Elisabeth Borne, Gerald Darmanin, Emmanuel Macron, France's, Mohamed Jakoubi, Macron, Darmanin, Agnes Pannier, Runacher Organizations: Rights, Energy Locations: Paris, Nanterre, France, Marseille, Lyon, Pau, Toulouse, Lille, Algerian, Brussels

☆ Macron convenes new crisis meeting after worst night of rioting
▼ + stars: | 2023-06-30 | by ( Dominique Vidalon | ) www.reuters.com time to read: +5 min

Interior Minister Gerald Darmanin, who had deployed 40,000 officers on Thursday night in a bid to quell a third night of unrest, said on Twitter that police made 667 arrests. Macron will meet with his cabinet at 1100 GMT in Paris, likely cutting short his attendance at a European Union summit in Brussels, his office said. Twelve buses were set on fire and destroyed overnight in a depot in Aubervilliers, in northern Paris. They said they had made 307 arrests in and around the city and that nine police and fire officers had been injured. In Roubaix, in northern France, a fire destroyed the office of the TESSI company and several cars were set on fire.

Persons: Nahel, Emmanuel Macron, Gerald Darmanin, Macron, Elisabeth Borne, Clement Beaune, Laurent, Franck Lienard, didn't, Lienard, Jacques Chirac, Dominique Vidalon, Sudip Kar, Gupta, Jean, Stephane Brosse, Benoit Van Overstraeten, Pascal Rossignol, Elizabeth Pineau, Marc Leras, John Stonestreet Organizations: Firefighters, Twitter, Nationwide, Transport, RMC, Les, Nike, Police, Thomson Locations: Nanterre, Alma, Roubaix, France, Brussels, PARIS, Marseille, Lyon, Pau, Toulouse, Lille, Paris, Algerian, Aubervilliers, NANTERRE, Paris's, Rue, Rivoli, France's, Le Vieux, Clichy

☆ Morning Bid: Fed turns screw, Micron pops
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +3 min

But as investors hit the half-year mark tomorrow, the tightening credit environment tempered fresh risk-taking. Two-year Treasury yields crept higher to 4.77% on Thursday after all the news, with the dollar (.DXY) firmer too and S&P500 futures marginally positive - helped by Micron. The VIX (.VIX) volatility gauge remains subdued at 13.6. Powell's relative hawkishness was mostly matched by counterparts at the European Central Bank and Bank of England yesterday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan, Jerome Powell's, Powell, Riksbank, Jerome Powell, Raphael Bostic, Paychex, Elaine Hardcastle Organizations: Federal Reserve, Micron, European Central Bank and Bank of England, Atlanta Fed, Nike, McCormick, Paychex Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Asia, Europe, Japan, China, Madrid, Dublin, Brussels

☆ Morning Bid: Bank angst persists, unnerves Europe
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +5 min

But banks boosted borrowing under the Fed's newly launched Bank Term Funding Program to $53.7 billion - almost 5 times its first outing the previous week. European bank stocks fell 3% early on Friday, with Deutsche Bank shares (DBKGn.DE) down for a third day - losing 5% amid rising market costs for insuring against the risk of default. European Central Bank President Christine Lagarde is due to attend Friday's European Union summit in Brussels and update leaders on the state of affairs in the financial system. Wider markets were lower in Asia and Europe and U.S. stock futures were in the red again ahead of the open. With less than a 50% chance of another Fed rate rise in this cycle now priced into the futures, almost 80 basis points of rate cuts are now seen by year-end.

☆ Morning Bid: Central banks try to see through stress
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike DolanEven with a nod to greater banking stress, the major central banks all seem determined to tighten the monetary screw another notch. With Treasury Secretary Janet Yellen's pushback against suggestions of a blanket insurance of all U.S. banking deposits unnerving investors again after the Fed decision, few believe the financial stress has fully dissipated. Even though stock markets swooned after the Yellen comments on Wednesday, S&P500 futures were back up smartly ahead of Thursday's open. European bourses and banking stocks were only a touch lower in the face of the latest European rate rises. The dollar hit its lowest since early February but regained its footing ahead of the U.S. open and BoE decision.

☆ Morning Bid: Corporate scatter
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +5 min

A look at the day ahead in U.S. and global markets from Mike Dolan. A hail of mega corporate updates distracted stock markets from a confusing macro picture - but offers little more clarity with scattergun fortunes and ambiguous readouts for the wider economy. The flub fed worries that the Google parent is losing ground to rival Microsoft (MSFT.O) in the renewed craze around artificial intelligence. European shares touched a fresh nine-month high on Thursday as Germany's Siemens and UK's AstraZeneca boosted earnings euphoria, while Britain's bank, commodity and pharma heavy FTSE100 hit another record high. Norway's $1.35 trillion sovereign wealth fund said it had recently divested virtually all its remaining shares in the Adani group.

France, which relies on its aging nuclear fleet to generate electricity, is leading a campaign to count hydrogen made using nuclear power -- known as "red" hydrogen -- in the EU's new renewable energy targets, which currently focus on green hydrogen made using electricity from renewable sources. After much foot-dragging, French President Emmanuel Macron agreed to the hydrogen pipeline between Barcelona and Marseille in October, a deal formalised at a summit with Spanish counterpart Pedro Sanchez in Barcelona in January. In Madrid, officials say the row is a "misunderstanding" and they are willing to be flexible on red hydrogen in other legislation such as the gas market directive, but not in the renewables bill. "Red hydrogen cannot be renewable because nuclear is not an energy that can be considered as such. France wants this to include its red hydrogen but it must first be designated as renewable.

☆ Germany's Scholz confirms visit to China in November with business delegation
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +1 min

BRUSSELS, Oct 21 (Reuters) - German Chancellor Olaf Scholz's said on Friday he will travel to China with a delegation of business leaders, though he declined to confirm whether he would travel with French President Emmanuel Macron. Scholz's spokesperson said the trip would happen at the start of November. The trip comes at a time when Berlin is reviewing its trade relationship with Beijing and Scholz's coalition is debating whether to allow Chinese shipping giant Cosco to invest in Germany's largest port in the northern city of Hamburg. Speaking in Brussels at the sidelines of a European Union summit, Scholz also said that EU leaders now had a precise framework for reducing energy prices and agreed that no country would be outvoted on energy policy. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sabine Siebold; writing by Matthias Williams; editing by Thomas EscrittOur Standards: The Thomson Reuters Trust Principles.

☆ Macron urges France to unite against 'extreme evil' of 12-year-old's murder
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +2 min

PARIS, Oct 21 (Reuters) - France should unite in solidarity with the parents of a 12-year-old girl whose battered body was found last week in a suitcase outside her Paris home, President Emmanuel Macron said on Friday, calling her murder an act of "extreme evil". In his first public comments on the death of the girl, named Lola, Macron said the unspeakable atrocity that the crime represented was what has shocked the country most. "When we are faced with extreme evil and we realize that this is possible in our society," he told reporters at a European Union summit. The main suspect, a 24-year-old woman, was arrested on Monday and put under formal investigation on accusations of murder, rape and acts of torture. Register now for FREE unlimited access to Reuters.com RegisterReporting by Dominique Vidalon; Pascal Rossignol, editing by John Stonestreet, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ France joins other European countries in pulling out of treaty protecting energy investments
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +1 min

BRUSSELS, Oct 21 (Reuters) - France will join other European countries such as Spain and the Netherlands in pulling out of the Energy Charter Treaty which protected investments in the energy sector, said President Emmanuel Macron on Friday. "We have decided to pull out of the Energy Charter Treaty," said Macron at the end of a European Union summit in Brussels. The treaty, which has more than 50 signatories including the European Union, was designed to secure energy supplies and grants protection to companies investing in the energy industry. However, in recent years it has been used by fossil fuel and renewable energy companies to sue governments for regulatory changes that threaten returns on specific investments. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sophie Louet; Editing by Tangi Salaun and Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.

☆ Italy's Giorgia Meloni to head new right-wing government
▼ + stars: | 2022-10-21 | by ( ) www.cnbc.com time to read: +2 min

Giorgia Meloni has agreed to form Italy's next government, a presidential official said on Friday, clearing the way for her to become the country's first female prime minister. Meloni, head of the nationalist Brothers of Italy, led an alliance of conservative parties to victory at a Sept. 25 election and will take charge of the country's most right-wing government since World War II. "Giorgia Meloni has accepted the mandate and has presented her list of ministers," the presidential official Ugo Zampetti told reporters after Meloni had consulted with President Sergio Mattarella in his Quirinale palace. Meloni heads a coalition including Silvio Berlusconi's Forza Italia and Matteo Salvini's League. Italy's 68th government since 1946 faces daunting challenges, including a looming recession, rising energy bills and how to present a united front over the Ukraine war.

☆ Morning Bid: Tbond tension snaps sentiment
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +5 min

China's onshore yuan fell to another 14-year low despite major state-owned banks selling dollars on Friday. read more read moreThe economic backdrop darkened. read moreAfter Tesla's disappointment earlier in the week, the U.S. earnings season took another negative twist from the digital sector overnight. read moreIn banking, shares Credit Suisse slid again ahead of next week's big announcement on its restructuring plans. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Tesla and Truss, 5% and 150
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +4 min

A Tesla model 3 car is seen in their showroom in Singapore October 22, 2021. read more The latest European tech sector earnings on Thursday were downbeat, too. Bank of England Deputy Governor Ben Broadbent said the BoE would respond to changes in Truss's tax and spending policies. read moreKey developments that should provide more direction to U.S. markets later on Thursday:* European Union summit in Brussels* U.S. Oct Philadelphia business index. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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