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Sterling set for worst month vs dollar since September
  + stars: | 2021-06-25 | by ( Joice Alves | ) www.reuters.com sentiment -1.00   time to read: +2 min
* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9HvLONDON, June 25 (Reuters) - Sterling edged lower on Friday and was on track for its worst month versus the dollar since September after the Bank of England kept its policy unchanged. Investors had hoped a more optimistic economic assessment from the BoE would push sterling back towards $1.40. Sterling was down 0.1% versus the dollar at $1.3910 at 0824 GMT, and it was on track for its worst month against the greenback since September 2020. Earlier this month, sterling dropped below $1.38 against a strengthening dollar after the U.S. Federal Reserve surprised markets by signalling it would raise interest rates and end emergency bond-buying sooner than expected. Versus the euro, the pound was 0.2% lower at 85.84 pence, but was still set for a weekly gain.
Persons: BoE, Sterling, Joice Alves, Pravin Char Organizations: Sterling, Bank of England, ING, Investors, U.S . Federal Reserve, European Union Locations: Britain, England, British, Northern Ireland, EU
Big Oil's rise in climate lawsuits draws parallels to Big Tobacco
  + stars: | 2021-06-25 | by ( Sam Meredith | ) www.cnbc.com + 0.00   time to read: +7 min
The prospect of a rising tide of climate litigation cases against heavy emitting businesses comes shortly after a landmark courtroom defeat for Royal Dutch Shell. INA FASSBENDER | AFP | Getty ImagesSince the turn of the century, more than 2,000 climate litigation cases were found to have been filed in a trend that is widely expected to have global implications for carbon-intensive companies. Nonetheless, it is the Dutch court ruling against Shell that is thought to have emboldened climate activists into taking on corporates directly. EcocideThe risks of a surging number of climate litigation cases for businesses include a changing regulatory environment, significant reputational damage and the expanding nature of the cases being brought. Among the new arenas of climate litigation risk, analysts say, are fraud and consumer protection liabilities, planning and permitting laws and environmental performance.
Persons: Shell, Peter Boer, Elizabeth Hypes, Verisk Maplecroft, Verisk Maplesoft, Franca Wolf, Maplecroft, Wolf, that's, Hypes, LOGAN CYRUS, Norway's, MUNIR UZ ZAMAN Organizations: Royal Dutch Shell Plc, Bloomberg, Getty, Royal, Shell, CNBC, INA, AFP, EU, U.S, Gas, Exxon, of Human Locations: The Hague, Netherlands, Hague, Paris, Weisweiler, Germany, U.S, Argentina, South Africa, India, Europe, Central Asia, Charlotte , North Carolina, Caribbean, corporates, Dhaka
After U.S. President Joe Biden met Russian President Vladimir Putin in Geneva on June 16, French President Emmanuel Macron said the first EU summit with Putin since January 2014 would be "a dialogue to defend our interests". But after late night talks at their meeting in Brussels, the 27 EU leaders failed to reach an agreement, German Chancellor Angela Merkel said early on Friday. EU summits with Russia ended after Moscow annexed Ukraine's Crimea peninsula in March 2014 and the West imposed sanctions. France and Germany want to be able to work with Russia on combating climate change and to find ways to stabilise relations. The EU on Thursday imposed economic sanctions on Belarus, an ally of Russia that the Kremlin sees as a buffer state between Russia and NATO.
Persons: Ursula von der Leyen, Angela Merkel, Stefan Lofven, Klaus Werner Iohannis, Janez Jansa, Olivier Matthys, Vladimir Putin, Joe Biden, Emmanuel Macron, Sebastian Kurz, Gitanas Nauseda, Krisjanis Karins, Josep Borrell, Macron, Putin, Charles Michel, Merkel, Borrell, Lithuania's Nauseda, Sergei Lavrov, Robin Emmott, Gabriela Baczynska, Francesco Guarascio, Philip Blenkinsop, Thomas Escritt, Caroline Copley, Ekaterina Golubkova, Angus MacSwan, Philippa Fletcher, William Maclean, Raju Gopalakrishnan Organizations: Slovenia's, European, Union, U.S, Putin, Austria's, Franco, Latvia's, European Commission, Russia, EU, Diplomats, Britain, Kremlin, NATO, Russian, Thomson Locations: Swedish, Romanian, Brussels, Belgium, France, Germany, Poland, Russia, BRUSSELS, Baltic, Geneva, Moscow, Ukraine's Crimea, Lithuanian, Ukraine, Russian, United States, standoffs, Belarus, EU, Baltics, Berlin
Slovenia, Poland sided with Hungary at EU summit, Luxembourg says
  + stars: | 2021-06-25 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
Luxembourg's Prime Minister Xavier Bettel talks to journalists as he arrives for the second day of a EU summit at the European Council building in Brussels, Belgium June 25, 2021. Olivier Matthys/Pool via REUTERSJune 25 (Reuters) - Slovenia and Poland were the only EU countries to side with Hungary in a stand-off over LGBT rights at the European Union summit in Brussels, Luxembourg's Prime Minister Xavier Bettel said on Friday. "Only two countries said they are completely on Hungary's side: Slovenia and Poland. Bettel added he had had dinner with his husband and Hungarian Prime Minister Viktor Orban in Budapest several years ago. "I don't recognise Viktor Orban who is at the European Council table today.
Persons: Xavier Bettel, Olivier Matthys, Bettel, Viktor Orban, Sabine Siebold, Philip Blinkinsop Organizations: Luxembourg's, EU, European, REUTERS, European Council, Thomson Locations: Brussels, Belgium, Slovenia, Poland, Hungary, Hungarian, Budapest
'No such thing' as EU unity when it comes to Russia: Chatham House
  + stars: | 2021-06-25 | by ( ) www.cnbc.com sentiment -0.99   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'No such thing' as EU unity when it comes to Russia: Chatham HouseKeir Giles of Chatham House believes that "nothing here has really changed" when it comes to EU-Russia relations, despite the push for an EU summit with Putin by France and Germany.
Persons: Keir Giles, Chatham Organizations: Chatham, Chatham House, Putin Locations: Russia, EU, France, Germany
Late night breakthrough brings EU closer to deal on farm subsidies
  + stars: | 2021-06-25 | by ( Kate Abnett | ) www.reuters.com + 0.85   time to read: +2 min
We made a huge progress overnight on most sensitive issues," said EU agriculture commissioner Janusz Wojciechowski, who participated in the talks. Any funds below those limits that are not spent on eco-schemes must be spent on green measures in other areas instead. The new CAP rules apply from 2023. Other tentative agreements included rules requiring EU countries to redistribute at least 10% of CAP funds to smaller farms. EU auditors this week said the current CAP was failing to reduce emissions, despite spending 100 billion euros in "climate-friendly" subsidies since 2014.
Persons: Janusz Wojciechowski, Kate Abnett, Toby Chopra Organizations: European Union, Reuters, CAP, Thomson Locations: BRUSSELS
Poland's lower house of parliament on Thursday passed the draft bill affecting claims for the restitution of property, drawing a furious response from Israeli Foreign Minister Yair Lapid, who labelled it a "disgrace". read more"Yesterday's @israelMFA @yairlapid statement must be unequivocally denounced," Poland's Deputy Foreign Minister Pawel Jablonski responded, in comments posted in English on Twitter. Jewish former property owners and their descendants have been campaigning for compensation since the fall of communism in 1989. The nationalist Law and Justice (PiS) government has said that as a victim in World War Two Poland should not be saddled with any financial obligations. The legacy of World War Two has previously strained ties between Poland and Israel.
Persons: Kacper, Yair Lapid, Pawel Jablonski, Jablonski's, Alan Charlish, Pawel Florkiewicz, Joanna Plucinska, Rami Ayyub, Stephen Farrel, Alex Richardson Organizations: Nazi, REUTERS, Israeli, Twitter, EU, and Justice, Thomson Locations: Brzezinka, Oswiecim, Poland, WARSAW, Nazi, Nazi Germany, Israel, United States, Warsaw, Jerusalem
Lithuania says EU sanctions hit some Belarus potash via its port
  + stars: | 2021-06-25 | by ( ) www.reuters.com sentiment -0.98   time to read: 1 min
A general view shows waste heaps at Belaruskali potash mines near the town of Soligorsk, some 130 km (81 miles) south of Minsk, August 31, 2013. REUTERS/Vasily Fedosenko/File PhotoVILNIUS, June 25 (Reuters) - European Union sanctions imposed on Belarus potash have put limits on about 20% of exports of the product transported via Lithuania, its main export route, the head of Lithuanian Railways said on Friday. About 11 million tonnes of Belarus potash crossed the Lithuanian border last year, with about 2.5 million tonnes falling under EU sanctions, Mantas Bartuska told reporters. Lithuania's Klaipeda port shipped almost 10.7 million tonnes of Belarus potash last year via a terminal 30% owned by Belaruskali. Reporting by Andrius Sytas in Vilnius; Editing by Edmund BlairOur Standards: The Thomson Reuters Trust Principles.
Persons: Vasily Fedosenko, Mantas Bartuska, Andrius Sytas, Edmund Blair Organizations: REUTERS, Lithuanian Railways, EU, Lithuania's, Belaruskali, Thomson Locations: Soligorsk, Minsk, VILNIUS, Belarus, Lithuania, Lithuanian, Lithuania's Klaipeda, Vilnius
WASHINGTON (Reuters) -The United States and the European Union could settle a dispute over U.S. tariffs on steel and aluminum by the end of the year, German Economy Minister Peter Altmaier said on Thursday, after a meeting with top U.S. trade official Katherine Tai. FILE PHOTO: German Economy Minister Peter Altmaier addresses a news conference in Berlin, Germany, April 27, 2021. John Macdougall/Pool via REUTERS/File PhotoAltmaier said he invited Tai to visit Berlin to continue the dialogue, and she had accepted. “In the steel and alumiminum sector I think a solution can be found by the end of the year,” he said. Washington may find it difficult to remove metals tariffs, which are backed by many U.S. metal producers and workers.
Persons: Peter Altmaier, Katherine Tai, John Macdougall, Altmaier, Tai, , Angela Merkel’s, , Davidson, Biden, Donald Trump, ” Altmaier Organizations: WASHINGTON, European Union, U.S, European, Harley, EU, World Trade Organization Locations: United States, Berlin, Germany, London, U.S, China . Washington
European leaders reacted warily Thursday to a proposal from Germany and France to meet with Russian President Vladimir Putin, following President Biden’s summit with him last week. Facing skepticism, in particular from countries that border Russia, French President Emmanuel Macron and Germany Chancellor Angela Merkel defended their proposal as necessary diplomacy. “In my opinion, we as the European Union must also seek direct contact with Russia and the Russian president,” Ms. Merkel said in Parliament before flying to Brussels for a meeting with EU leaders. “It is not enough for U.S. President Joe Biden to talk to the Russian president. Some European leaders criticized the proposal, saying it could give the impression that Russian military and destabilization campaigns against its neighbors and the West were being overlooked.
Persons: Vladimir Putin, Biden’s, Emmanuel Macron, Angela Merkel, ” Ms, Merkel, Joe Biden, Organizations: European Union, EU, U.S Locations: Germany, France, Russia, European, Brussels, Russian
To be sure, more people have died from Covid-19 this year than in all of 2020, according to data compiled by the World Health Organization. More than 2 million people have died as a result of Covid so far this year. Robert Gauthier | Los Angeles Times | Getty ImagesMississippi and Texas both lifted all Covid restrictions in March with Texas Gov. In the global scramble for Covid-19 vaccines, high-income countries, predictably, have sought to secure stocks for their own populations first. The Covid variant first identified in India is thought to be on track to become the dominant strain of the disease worldwide.
Persons: Kevin Mazur, Gavin Newsom, Andrew Cuomo, Reggie Jackson, Robert Gauthier, Greg Abbott, Anthony Fauci, Fauci, Stephen Donnelly, Donnelly, Ghebreyesus, Christopher Black, Tedros Adhanom Ghebreyesus, Covid, Tedros, Dr, Michael Baker, Joe Biden's, Sinopharm, TANG CHHIN SOTHY, Scott Gottlieb Organizations: Foo Fighters, Garden, World Health Organization, New York Gov, Phoenix Suns, LA Clippers, NBA Western, Los Angeles Times, Getty Images, Texas Gov, for Disease Control, Ireland's, Newstalk, WHO, National Institute of Allergy, Reuters WHO, University of Otago, Wellington , New Zealand, CNBC, World Trade Organization, AFP, Getty, FDA Locations: Madison, New York City, U.S, China, Covid, California, New York, Getty Images Mississippi, Texas, India, United States, Africa, Asia, Geneva, Switzerland, Germany, Wellington , New, EU, Brazil, Phnom Penh, Americas
After 'negative spiral', EU seeks new Russia strategy
  + stars: | 2021-06-24 | by ( Robin Emmott | ) www.reuters.com + 0.00   time to read: +3 min
European Union leaders attend a round table meeting on the second day of a face-to-face EU summit in Brussels, Belgium May 25, 2021. Since Russia annexed Ukraine's Crimea peninsula in 2014 and the EU froze summits with Putin, EU policy has zigzagged between imposing economic sanctions and allowing a new gas pipeline from Russia to Germany to reach completion. EU leaders are now expected to build on that paper to flesh out ways to both call out covert Russian action and work with Moscow on combating climate change. "Out of a confrontational of ideas comes understanding," a senior EU diplomat said in support of the EU strategy, although the envoy doubted a sudden improvement in trust. The EU will on Thursday or Friday publish details of economic sanctions on Belarus, an ally of Russia that the Kremlin sees as a buffer state between Russia and NATO.
Persons: Olivier Matthys, Vladimir Putin, Putin, Joe Biden's, Dmytro Kuleba, Emmanuel Macron, Robin Emmott, Angus MacSwan Organizations: Union, Russia, EU, European Commission, NATO, Thomson Locations: Brussels, Belgium, Russia, France, Germany, Turkey, COVID, BRUSSELS, Moscow, U.S, Geneva, Ukraine, Belarus, EU, Baltics, Ukrainian, Ukraine's Crimea, Russian, British, Crimea, Britain
Given emissions were at installations handling natural gas - and methane is its main component - they concluded the emissions recorded by CATF were almost certainly methane. U.S. President Joe Biden's administration plans to propose new rules this year to reduce methane emissions. The New York Times used an infrared camera to identify large methane leaks at U.S. oil and gas sites in 2019 while satellite footage made available to Reuters revealed massive methane leaks from Russian gas pipelines. MOL said there were no existing regulations requiring it to measure or report emissions but it aimed to end routine methane emissions from gas activities by 2030. OMV said it fully supported new EU methane rules.
Persons: James Turitto, That's, CATF, Turitto, Jonathan Dorn, Eni, Andris Piebalgs, Joe Biden's, Tim Doty, SNAM, OMV, Doty, David Clarke Organizations: Reuters, Clean Air Task Force, Air Task Force, EU, Italy's Eni, Abt Associates, Eni, Florence School of, New York Times, Texas Commission, Environmental, Oil, Gas Methane Partnership, U.S, MOL, Thomson Locations: La Spezia, Italy, Handout, Europe, BRUSSELS, LONDON, Union, Austria, Czech Republic, Germany, Hungary, Poland, Romania, Pineto, Brussels, EU, Minerbio, Bologna, United States, Paris, Hungarian, Vienna
UK getting positive sausage signals from EU, minister says
  + stars: | 2021-06-24 | by ( ) www.reuters.com + 0.57   time to read: 1 min
LONDON, June 24 (Reuters) - Britain is getting some positive indications from the European Union that they accept the need for a compromise over the import of British sausages to the British province of Northern Ireland, Environment Secretary George Eustice said on Thursday. "I think we're getting some positive indications and it's always our view that it's better if we can reach agreement with the European Union on these things," Eustice said when asked about the so called "sausage war". "We're still in dialogue with the European Union about some longer term solutions on the wider issues, about export health certificates, and while those are ongoing it makes sense for them for a few more months to leave the current arrangement we have in place," he said. Reporting by Guy Faulconbridge; editing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.
Persons: George Eustice, Eustice, We're, Guy Faulconbridge, Kate Holton Organizations: European Union, Thomson Locations: Britain, British, Northern Ireland
Germany's Merkel says EU should seek direct contact with Putin
  + stars: | 2021-06-24 | by ( ) www.reuters.com sentiment -0.98   time to read: +1 min
German Chancellor Angela Merkel wears her protective face mask after delivering a government declaration on the upcoming European Council meeting at the lower house of parliament Bundestag in Berlin, Germany, June 24, 2021. REUTERS/Michele TantussiBERLIN, June 24 (Reuters) - The European Union must seek to speak directly with Russian President Vladimir Putin to try and improve relations, German Chancellor Angela Merkel said on Thursday. "In my opinion, we as the European Union must also seek direct contact with Russia and the Russian president," Merkel said in what was expected to be her last speech to the Bundestag lower house of parliament. "It is not enough for the U.S. president to talk to the Russian president. I very much welcome that, but the EU must also create forums for dialogue," she added.
Persons: Angela Merkel, Michele Tantussi BERLIN, Vladimir Putin, Merkel, Thomas Escritt, Caroline Copley Organizations: REUTERS, European Union, U.S, Thomson Locations: Berlin, Germany, German, European, Russia, Russian
UK housebuilder may have hit haggling limit
  + stars: | 2021-06-24 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
LONDON, June 24 (Reuters Breakingviews) - St Modwen Properties (SMP.L) investors would be wise to put themselves in the shoes of the average home-seller. The owners of the 1.2 billion pound house-builder resisted an initial 542 pence per share offer from buyout house Blackstone (BX.N), arguing it undervalued the company. Like house sellers, St Modwen shareholders should recognise the limits of haggling. However, Blackstone needs 75% support to get the deal away so needs to convince holdouts. Selling up can be emotional; letting a premium offer slip through your fingers is even worse.
Persons: Blackstone, holdouts, Aimee Donnellan, Ed Cropley, Sharon Lam Organizations: LONDON, Reuters, Modwen, Blackstone, Aviva, Aberdeen Standard Investments, EU, Siemens, Arts Locations: Berkhamsted, Britain, haggling
Visa $2 bln EU fintech deal has ominous precedent
  + stars: | 2021-06-24 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
A Visa credit card is seen on a computer keyboard in this picture illustration taken September 6, 2017. LONDON, June 24 (Reuters Breakingviews) - It doesn’t take Visa (V.N) Chief Executive Al Kelly long to bounce back. That’s a threat to Visa, since people could in theory pay for goods and services via account transfers rather than cards. The U.S. Justice Department concluded Visa wanted to squelch a nascent challenge to its payments monopoly. Kelly may hope that European authorities will take a different view, since so-called open banking laws allow competitors to emulate Tink.
Persons: Al Kelly, Kelly, Liam Proud, Ed Cropley, Karen Kwok Organizations: LONDON, Reuters, Plaid, Visa, U.S . Justice Department, Siemens, Arts Locations: U.S
Leaders of 16 EU states call on bloc to fight LGBTI discrimination
  + stars: | 2021-06-24 | by ( ) www.reuters.com + 0.98   time to read: +1 min
People attend the "Equality Parade" rally in support of the LGBT community, in Warsaw, Poland June 19, 2021. REUTERS/Kacper PempelBERLIN, June 24 (Reuters) - Europe must fight against discrimination of the LGBTI community and defend fundamental rights, the leaders of 16 European states said in a jointly-signed letter to the heads of the European Union on Thursday. "Respect and tolerance are at the heart of the European project," the letter, addressed to EU Commission President Ursula von der Leyen and EU Council President Charles Michel, said. The European Commission will take action against Hungary over planned new restrictions on LGBT rights, the head of the bloc's executive announced on Wednesday, saying they violated fundamental EU values. read moreWriting by Caroline Copley Editing by Riham AlkousaaOur Standards: The Thomson Reuters Trust Principles.
Persons: Pempel, Ursula von der Leyen, Charles Michel, Caroline Copley, Riham Organizations: REUTERS, European Union, EU, European, Thomson Locations: Warsaw, Poland, Pempel BERLIN, Europe, Hungary
EU tries again to strike deal on greener farming subsidies
  + stars: | 2021-06-24 | by ( Kate Abnett | ) www.reuters.com sentiment -1.00   time to read: +2 min
Portuguese Agriculture Minister Maria do Ceu Antunes, who represents EU member states in the negotiations with European Parliament, said she was committed to striking a deal. EU auditors this week said the current CAP was failing to reduce emissions, despite spending 100 billion euros in "climate-friendly" subsidies since 2014. Parliament wanted to spend 30% of payments on eco-schemes, while EU countries proposed a binding 18% share in last month's talks. Parliament also wants guarantees that EU countries' plans for spending CAP money comply with the bloc's legally-binding climate and environment goals. The new CAP rules will take effect from 2023.
Persons: Hilaire, Stephane Mahe, Maria, Ceu Antunes, Thomas Waitz, Kate Abnett, Edmund Blair Organizations: REUTERS, European Union, Agricultural, Portuguese, EU, CAP, Thomson Locations: Saint, Chaleons, France, BRUSSELS
Hungarian PM says he is gay rights fighter, defends new law
  + stars: | 2021-06-24 | by ( ) www.reuters.com sentiment -0.88   time to read: +1 min
Hungary's Prime Minister Viktor Orban addresses the media as he arrives on the first day of the European Union summit at The European Council Building in Brussels, Belgium June 24, 2021. John Thys/Pool via REUTERSBRUSSELS, June 24 (Reuters) - Hungarian Prime Minister Viktor Orban defended his country's law to ban the dissemination of material in schools deemed to promote homosexuality or gender change, and declared himself a fighter for LGBT rights. "I am a fighter for their rights. That's what the law is about," Orban said, adding he had no plans to repeal it. Summit chairman Charles Michel said separately in arriving to the talks that the 27 national EU leaders will have a debate about the contentious new Hungarian law on Thursday evening.
Persons: Viktor Orban, John Thys, Orban, Charles Michel, Philip Blenkinsop, Marine Strauss, Gabriela Baczynska Organizations: Hungary's, European, REUTERS, EU, Thomson Locations: Brussels, Belgium, REUTERS BRUSSELS, Hungarian
Climate 'law of laws' gets European Parliament's green light
  + stars: | 2021-06-24 | by ( Kate Abnett | ) www.reuters.com + 0.00   time to read: +3 min
Flags of the European Union and its member states fly in front of the building of the European Parliament in Strasbourg, France June 30, 2017. The bill sets targets to reduce net EU emissions by 55% by 2030, from 1990 levels, and eliminate net emissions by 2050. "This is the law of laws, because it will discipline us in the years to come," Frans Timmermans, head of EU climate policy, said. The climate law will guide EU regulations in the coming decades. It will include more ambitious renewable energy targets, EU carbon market reforms and tighter CO2 standards for new cars.
Persons: Jytte Guteland, Parliament's, Frans Timmermans, Kate Abnett, Barbara Lewis Organizations: European Union, REUTERS, Swedish Social, Democracy, European, EU, Thomson Locations: Strasbourg, France, BRUSSELS, EU, Swedish, Brussels
EU imposes economic sanctions on Belarus over Ryanair 'piracy'
  + stars: | 2021-06-24 | by ( ) www.reuters.com sentiment -1.00   time to read: +2 min
The new sanctions, which follow overflight bans on Belarusian aircraft, including bans on EU businesses from importing goods or doing business with Belarusian companies in sectors including banking, petroleum products and potash. The EU "introduced new restrictive measures against the Belarusian regime," EU governments said in a joint statement. The sanctions were first agreed last Friday by national envoys to the EU and will now be published in full in the bloc's official journal. EU leaders were outraged by the interception of the Ryanair plane flying between Athens and Vilnius on May 23. Trade in petroleum products, potash used for fertiliser, and tobacco products is restricted.
Persons: Alexander Lukashenko, Robin Emmott, Gabriela Baczynska Organizations: European, Ryanair, EU, European Investment Bank, Thomson Locations: BRUSSELS, Belarusian, Minsk, EU, Athens, Vilnius, Belarus
Kremlin views idea for EU summit with Putin "positively"
  + stars: | 2021-06-24 | by ( ) www.reuters.com sentiment -0.97   time to read: +1 min
Russian President Vladimir Putin addresses participants of the IX Moscow Conference on International Security (MCIS) via video link at the Novo-Ogaryovo state residence outside Moscow, Russia June 23, 2021. Sputnik/Sergey Ilyin/Kremlin via REUTERSMOSCOW, June 24 (Reuters) - Russian President Vladimir Putin backs an idea to restore dialogue and contacts between Moscow and the European Union, the Kremlin said on Thursday, after France and Germany proposed a summit to try to improve relations. read more"Such a dialogue is truly need both to Brussels and Moscow," the Kremlin spokesman Dmitry Peskov told reporters. France and Germany proposed on Wednesday a EU summit with Putin to try to improve relations, potentially paving the way for the first such meeting since 2014. read more Peskov added that there was no preparation for the summit yet. Reporting by Dmitry Antonov; Writing by Katya Golubkova; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.
Persons: Vladimir Putin, Sergey Ilyin, Dmitry Peskov, Putin, Dmitry Antonov, Katya Golubkova, Alison Williams Organizations: IX Moscow Conference, International Security, Sputnik, REUTERS, European Union, Kremlin, Thomson Locations: Moscow, Russia, Kremlin, REUTERS MOSCOW, France, Germany, Brussels
Bank of England loses a bulwark against groupthink
  + stars: | 2021-06-24 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
LONDON, June 24 (Reuters Breakingviews) - Andy Haldane will leave a big hole. The Bank of England’s outgoing chief economist was alone in voting to reduce the total target amount of government bond purchases at his valedictory policy meeting, minutes showed on Thursday. It will take time to know if he was prescient, given uncertainty about how long global price pressures will last and whether workers who became temporarily inactive during the pandemic will resume job searches. But whether he proves right or not, he was useful in inoculating against groupthink. But finding someone who is also equally talented at communicating in plain language will not be easy.
Persons: Andy Haldane, Haldane, he’s, Pattanaik, Liam Proud, Oliver Taslic Organizations: Reuters, groupthink, EU, Siemens, Arts
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU countries will have to accommdate higher deficits to green their economies, expert saysGuntram Wolff, director at the Bruegel think tank, discusses the EU ahead of the European Council summit.
Persons: Guntram Wolff Organizations: European
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