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☆ Dollar firm as euro wallows; yuan brushes aside China data
▼ + stars: | 2024-06-17 | by ( ) www.cnbc.com time to read: +4 min

The dollar was firm on Monday as the euro hovered near a more than one-month low amid continued concerns about the political outlook in Europe. The yuan held close to a multi-month low after China released a slew of economic data that pointed to an uneven recovery in the world's second-largest economy. A Reuters poll published last week showed 63 of 65 economists thought a first cut would not come until Aug. 1. Elsewhere, the yuan was mostly flat at 7.2550 per dollar after domestic data showed a mixed economic picture in China. China's central bank left a key policy rate unchanged as expected on Monday as the weak yuan continued to hamper policy easing.

Persons: Emmanuel Macron's, Matt Simpson, Neel Kashkari, Index's Simpson, Sterling, Kazuo Ueda, bitcoin Organizations: U.S, Gazprom, European Central Bank, Reuters, Index, . Minneapolis Federal, Bank of England, Bank of Japan Locations: Poland, Bulgaria, Europe, China, U.S

☆ Georgia made history by reaching Euro 2024. This coach might be its secret weapon
▼ + stars: | 2024-06-17 | by ( Ben Church | ) edition.cnn.com time to read: +8 min

Score and Georgia would qualify for Euro 2024; miss and it might be yet another story of heartbreak for this generation of fans to live through. Georgia's players celebrate after winning Euro 2024 play-off final against Greece. Helping Georgia qualify for Euro 2024 is the latest highlight in Webb’s unique coaching career, a journey which has taken some unlikely twists and turns over the years. Emotional Euro 2024 campaignIt was an opportunity Webb couldn’t turn down, a chance to work with an exciting generation who had their hearts set on qualification to Euro 2024. The players were ready.”Webb has used his innovative coaching methods to help Georgia qualify for Euro 2024.

Persons: Nika Kvekveskiri, David Webb, stuttered, ”, Webb, Boris Paichadze, Giorgi Arjevandidze, he’s, Englishman Webb, –, ” Webb, Lasha, “, Giorgi Arjevanidze, Willy Sagnol, Sagnol, I’d, Lasha Kuprashvili, Khvicha Kvaratskhelia, “ We’re, we’ve, We’re, ” Georgia’s Organizations: CNN, CNN Sport, Greece –, “ Staff, Boris Paichadze Dinamo Arena, Greece, Getty, Georgian, York City, France, Georgian men’s, ”, Luxembourg, Napoli, Georgia Locations: Georgia, Germany, AFP, France, Turkey, Portugal, Czech Republic

☆ Kylian Mbappe fractures nose for France at Euro 2024, will wear mask to return to play
▼ + stars: | 2024-06-17 | by ( Ali Rampling | Oliver Kay | ) www.nytimes.com time to read: +4 min

Kylian Mbappe suffered a fractured nose during France’s Euro 2024 win over Austria on Monday but will not undergo surgery at this time. AdvertisementThe 25-year-old was seen bleeding heavily from his nose as he was attended to by medical staff on the pitch. — Kylian Mbappé (@KMbappe) June 17, 2024Speaking before the diagnosis was confirmed head coach Didier Deschamps acknowledged the blow that losing Mbappe to injury would be for his side. Asked by French television channel TF1 if the fear was a broken nose, he said: “Apparently yes, his nose is not good at all. It’s so intense.”GO DEEPER The Briefing: Austria 0 France 1 - Mbappe's bloodied nose, pitch problems, Deschamps' dilemma(Michael Regan – UEFA/UEFA via Getty Images)

Persons: Kylian Mbappe, Kevin Danso, Mbappe, Des idées Organizations: Austria, Real, Dusseldorf Locations: Real Madrid, France, Netherlands

☆ Euro 2024 day three: Eriksen’s feel-good moment, Bellingham – and police incidents
▼ + stars: | 2024-06-16 | by ( Dan Sheldon | Carl Anka | ) www.nytimes.com time to read: +8 min

Another day at Euro 2024, another trio of goalscoring games — even if the entertainment factor dipped off at points. The Netherlands overcame Poland with a 2-1 win, Denmark were held to a 1-1 draw by Slovenia, while England beat Serbia 1-0. But the goals, a lack of shots in one game and the results don’t tell the whole story of the day. The feel-good moment of the daySunday marked 1,100 days since Christian Eriksen collapsed at Copenhagen’s Parken stadium during a Euro 2020 game against Finland after suffering a cardiac arrest. He’s not fazed by anything, but will be key to England if they want to have a chance of winning Euro 2024.

Persons: We’ve, Christian Eriksen, Eriksen, Morten Boesen, “, ”, Rasmus Hojlund, Jonas Wind, onrushing Eriksen, Erik Janza’s, Damien Meyer, I’ve, ” Carl Anka, Jude Bellingham, Dragan Stojkovic, Stojkovic, Kyle Walker, Kevin C, Cox, Walker, Filip Kostic, Bellingham, “ I’ve, It’s, He’s, Dan Sheldon Man, —, Jacob Whitehead, Dan Sheldon, de Jong, Wout Weghorst, Ronald Koeman’s, Michael Cox, Andy Jones Stat, – Jude Bellingham, What’s Organizations: Scotland, Spain, Croatia, Albania, England, Serbia, Finland, Manchester United, Denmark, Slovenia, Getty, Serbia’s, Bellingham, Real Madrid, Poland, Sunday, Local, European, Argentina Locations: Switzerland, Hungary, Italy, Netherlands, Poland, Denmark, Slovenia, Serbia, England, Copenhagen’s, Bellingham, . Bellingham, Hamburg’s, Romania, Ukraine, Belgium, Slovakia, Austria, France

☆ Opinion: European soccer’s latest racism row
▼ + stars: | 2024-06-16 | by ( Opinion Keith Magee | ) edition.cnn.com time to read: +9 min

CNN —On Sunday, England will face Serbia in its first game of the Euro 2024 championship, hosted by Germany. Since then, the FA, the European football association UEFA and FIFA , the sport’s international governing body, have visibly upped their anti-racism game. One might conclude, for instance, that Monday’s court decision in Spain meting out prison sentences to three Valencia fans for hurling racial insults, is evidence of European soccer’s new, tougher line against racism. Saka knows UEFA observers will be on duty at every Euro 2024 match and will be on the lookout for racist incidents. I see it as an attempt by professionals who should know better to make a Black player carry the can for a disappointing performance by the whole team.

Persons: Keith Magee, Keith Magee Arron, — Marcus Rashford, Jadon Sancho, Prince William, “, Vinícius Júnior, Julian Finney, —, Saka, Carl Recine, Ian Wright, ” Sir Lewis Hamilton, vilifying, Tony Burnett, ” Burnett Organizations: University College London Institute for Innovation, Newcastle University Law School, CNN, Germany, England’s Football Association, FA, European, UEFA, FIFA, Valencia, Wembley, Getty, Sunday’s, Serbia, England, Iceland, Versus, Conservative, Daily Sun, The Telegraph, Daily Star, BBC Locations: England, Serbia, Italy, Spain, Iceland, London, Germany, Europe

A man wielding an ax on a street crowded with soccer fans was shot by the police on Sunday in Hamburg, Germany, only hours before the city was to host a game at the European Championship. The man threatened police officers with “a pickax and an incendiary device,” a police spokesman said on Sunday. The incident took place in Hamburg’s entertainment district, a section of the city known as the Reeperbahn that is filled with restaurants and bars. At the time, the area was packed with thousands of fans who had arrived to see the Netherlands play Poland on Sunday afternoon. According to a spokeswoman for the Hamburg police and videos of the incident posted online, the man came out of a small restaurant with a small, double-bladed ax and a firebomb and threatened officers nearby.

Persons: “ Organizations: European, Sunday, Hamburg Locations: Hamburg, Germany, Netherlands, Poland

☆ German police shoot man wielding pickaxe near Euro 2024 fanzone
▼ + stars: | 2024-06-16 | by ( Benjamin Brown | ) edition.cnn.com time to read: +1 min

CNN —German police on Sunday shot a man who threatened officers with a pickaxe and an incendiary device in Hamburg, authorities said, hours before the city was set to host its first game for the Euro 2024 soccer tournament. The suspect had threatened officers in Hamburg’s famous St. Pauli district and was shot in the leg, according to Hamburg police. Germany is hosting hundreds of thousands of foreign fans at the the month-tournament, which began on Friday. Interior Minister Minister Nancy Faeser said on Thursday that authorities were on alert for Islamist-inspired attacks and violence associated with hooliganism, Reuters reported. She said authorities had the “Islamist scene firmly in their sights” but not specific threats had been identified.

Persons: Pauli, Nancy Faeser Organizations: CNN, Sunday, Hamburg police, Police, Interior, Reuters Locations: Hamburg, Hamburg’s, St, Poland, Netherlands, Germany

☆ England off to winning start in Euro 2024 with victory against Serbia in Group C clash
▼ + stars: | 2024-06-16 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +1 min

CNN —England are off to a winning start in their Euro 2024 campaign, after defeating Serbia 1-0 in the Group C clash at Arena AufSchalke in Gelsenkirchen, Germany. Jude Bellingham opened the scoring for the Three Lions, rushing into the box and heading in a deflected Bukayo Saka cross for the goal in the 13th minute. According to UEFA, since a 2-1 defeat to France at EURO 2004, the Three Lions are unbeaten in eight matches in the competition after leading at halftime, winning six matches and drawing two. England moves atop Group C with the victory, and an earlier 1-1 draw by Denmark and Slovenia. England will next play against Denmark on Thursday, while Serbia will face Slovenia on the same day.

Persons: Jude Bellingham, “, Jude, ”, Wayne Rooney, Michael Owen, Harry Kane, Predrag Rajković Organizations: CNN, Serbia, AufSchalke, Three Lions, England, UEFA, Lions, Denmark Locations: England, Gelsenkirchen, Germany, Bellingham, Serbia, France, Denmark, Slovenia

☆ Euro 2024: Wout Weghorst breaks Poland’s hearts with late winning goal for the Netherlands
▼ + stars: | 2024-06-16 | by ( Matias Grez | ) edition.cnn.com time to read: +2 min

CNN —Wout Weghorst scored less than two minutes after coming on as a substitute to earn the Netherlands an important 2-1 win in the opening game of Group D at Euro 2024. It was a closer game than perhaps many would have expected and Poland caused the Oranje problems throughout, in particular in the second half. It was another huge international goal for Weghorst, who stunned Argentina at the World Cup in 2022 with a late equalizer in the quarterfinals, as the Netherlands next face the tough test of France. After a dominant start from the Netherlands, Poland snatched the lead against the run of play through Buksa’s brilliant near-post header from Piotr Zielinski’s whipped corner. However, the Netherlands soon got the goal its early dominance deserved as Gakpo’s effort from outside the area took a fortuitous deflection and wrong-footed Szczęsny in the Poland goal.

Persons: Wout Weghorst, Adam Buksa’s, Cody Gakpo’s, Wojciech Szczęsny, Robert Lewandowski, Weghorst, Piotr Zielinski’s, Lewandowski, Memphis Depay, Gakpo, profligacy, Nathan Ake’s Organizations: CNN, Austria, Memphis Locations: Netherlands, Poland, Oranje, Argentina, France

☆ Christian Eriksen scores goal for Denmark at Euro 2024, three years after suffering cardiac arrest at previous tournament
▼ + stars: | 2024-06-16 | by ( Matias Grez | ) edition.cnn.com time to read: +1 min

CNN —Christian Eriksen scored Denmark’s opening goal at Euro 2024 against Slovenia - and it’s one that will likely feel extra special. Just three years ago, Eriksen collapsed on the pitch after suffering cardiac arrest during Denmark’s group match against Finland at Euro 2020, which was delayed by a year due to the Covid-19 pandemic. The Danish captain received life-saving treatment on the pitch, eventually being resuscitated and taken to hospital. The image of Eriksen celebrating his goal – a huge grin plastered across his face – was in stark contrast to the distressing scenes at Euro 2020. That day, his Denmark teammates stood around Eriksen arm-in-arm as he received treatment, trying to shield him from the cameras and supporters in the stands.

Persons: CNN — Christian Eriksen, Denmark’s, Eriksen, Jonas Wind’s, – Organizations: CNN, Slovenia, Finland Locations: Danish, Denmark

☆ Euro 2024: Switzerland holds on for hard-fought win over Hungary
▼ + stars: | 2024-06-15 | by ( Matias Grez | ) edition.cnn.com time to read: 1 min

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☆ Lamine Yamal makes history as youngest player to appear at a European Championship
▼ + stars: | 2024-06-15 | by ( Matias Grez | ) edition.cnn.com time to read: +1 min

Spain’s Lamine Yamal made history on Saturday by becoming the youngest player to appear at a men’s European Championship when he took to the field against Croatia at Euro 2024. At 16 years and 338 days old, Yamal surpassed the previous record set by Poland’s Kacper Kozłowski, who was 17 years and 246 days old when he played against Spain at Euro 2020. Yamal already holds the records for being the youngest player to feature for Barcelona and the youngest player to start a match in La Liga in the 21st century. “I think he’s so mature and can already make the difference for us,” former Barça head coach Xavi recently told reporters of Yamal. “We have to take care of him, but I think he’s ready and I’m not afraid to trust youth.”

Persons: Yamal, Poland’s Kacper Kozłowski, Dani Carvajal, It’s, Xavi, ” Organizations: CNN, Croatia, Spain, La Liga, Champions League Locations: Barcelona, Barça’s, Spain

☆ Yen on guard ahead of BOJ; euro stutters with weekly loss in sight
▼ + stars: | 2024-06-14 | by ( ) www.cnbc.com time to read: +4 min

The yen was on the defensive on Friday ahead of a policy decision from the Bank of Japan that could see it further reduce its massive monetary stimulus, while elsewhere the euro, mired in political turmoil, was headed for a weekly loss. The yen was on the defensive on Friday ahead of a policy decision from the Bank of Japan that could see it further reduce its massive monetary stimulus, while elsewhere the euro, mired in political turmoil, was headed for a weekly loss. The yen was a touch weaker at 157.08 per dollar and on track for a marginal weekly loss of about 0.2%, though moves were largely subdued ahead of the conclusion of the BOJ's two-day monetary policy meeting later on Friday. The euro was little changed at $1.0737, and was poised for a weekly loss of roughly 0.6%. Against the British pound, the euro was last languishing near a 22-month low and staring at a weekly decline of 0.9%.

Persons: Ray Attrill, Wall, Powell, Jean Boivin, Emmanuel Macron's, Macron, France's, Erik, Jan van Harn Organizations: Bank of, National Australia Bank, New Zealand, Federal Reserve, BlackRock Investment Institute, Fed, Aussie, Rabobank Locations: Bank of Japan, BlackRock

☆ Euro 2024: German and British police working together for ‘safe and trouble-free’ tournament amid hooliganism fears
▼ + stars: | 2024-06-14 | by ( Matias Grez | ) edition.cnn.com time to read: +9 min

The hostIt’s fair to say expectations for the German national team are not high within the host country. Expectations are low for the German national team. Didier Deschamps has been in charge of the national team since 2012 and last January extended his contract until 2026. After winning the World Cup and Nations League, Mbappé wants to add the Euros to his resume. That’s the only one that missed me with the national team after I did everything with the national team,” Mbappé told CNN recently.

Persons: ”, Lars Baron, Hansi Flick, Julian Nagelsmann, Nagelsmann, Christian, hasn’t, Henri Delaunay, Les, Didier Deschamps, Deschamps, Kylian Mbappé, Olivier Giroud, Antoine Griezmann, Bradley Barcola, Warren Zaïre, Emery, Eduardo Camavinga, France’s, Mbappé, Matthias Hangst, ” Mbappé, it’s, Harry Kane, Phil Foden, Saka, Declan Rice, Jude, Gareth Southgate, fthe, Southgate, Alex Grimm, ” Southgate, “, you’ve, Dominik Szoboszlai, ” Szoboszlai, “ It’s, Rafal Oleksiewicz, Oleksandr Zinchenko, Andriy Lunin, Mykhailo Mudryk, Artem Dovbyk Organizations: CNN, British, soccer’s, England, Serbian, Guardian, German Police, Policing Unit, UEFA, Serbian Football Federation, Serbian Ministry of Interior, Russia, Reuters, German, Bayern Munich, ARD, German national, Getty, Nations League, English Football Association, Liverpool, Defence, Iceland, Bosnia, Ukraine Locations: Gelsenkirchen, England, Serbia, European, Germany, North Rhine, Westphalia, “, France, Marseille, Russia, Scotland, Netherlands, Austria, Turkey, Switzerland, Hungary, Italy, Ukraine, Herzegovina, Iceland, Spain, Belgium, Slovakia, Romania

☆ Come inside star-studded King’s Foundation awards
▼ + stars: | 2024-06-14 | by ( Max Foster | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +7 min

London CNN —King Charles III was in his element this week as he celebrated a very special moment for his foundation at St. James’s Palace in London. On Tuesday, the 75-year-old monarch attended the inaugural awards of his King’s Foundation, so we thought, why not take our Royal News readers along with us? Now, to rewind for just a moment – King Charles set up the charity back in 1990 when he was still the Prince of Wales. King’s Foundation chief executive Kristina Murrin told CNN that the charity is underpinned by the monarch’s philosophy of working in concert with nature to “build sustainable thriving communities.”King Charles III presents the Harmony Award to Ban Ki-moon, left, the former United Nations secretary-general, at the King's Foundation awards. King Charles III smells a wool sample at the King's Foundation awards.

Persons: London CNN — King Charles III, James’s, King Charles, Prince of Wales, Kristina Murrin, ” King Charles III, Ban, Kirsty Wigglesworth, ” Murrin, Rod Stewart, Penny Lancaster, David Beckham, Sienna Miller, Edward Enninful, Naomi Campbell, Raymond Blanc, King Charles III, we’ve, “, Charles, King, Alan Titchmarsh, ”, Isabelle Pennington, I’d, Beckham, “ we’ll, Murrin Organizations: CNN’s Royal, London CNN, Foundation, Royal News, King’s Foundation, CNN, United Nations, King's Foundation, Dumfries House, King Charles III Harmony, UN, Pipers, National Piping Centre, Rock Choir, King’s, England, Royal Locations: London, St, United Kingdom, Korean, James’s, Edmead, Caribbean, Germany, Iceland

☆ Saudi Arabia looking to China for a lifeline for its futuristic city could mean trouble for the US
▼ + stars: | 2024-06-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how Saudi Arabia is courting Chinese investors for help with its massive, futuristic city facing financial issues. NeomSaudi Arabia's dreams of a futuristic city are turning into a financial nightmare, and one of its solutions could spell trouble for the US. Since 2017, the Kingdom has touted big plans for the desert megacity Neom . AdvertisementThe city plans to heavily use renewable energy, a key area of focus for China as it digs itself out of its economic hole . But a soft real estate market and a trail of angry business partners and customers are threatening to thwart his big plans .

Persons: —, Prince Mohammed bin Salman's, Neom's, hasn't, Tom Porter, Prince, Aaron Weiner's, Weiner, Justin Sullivan, it's, they'd, Tyler Le, Giovanna Ventola, Michael Shvo, Shvo, Tesla, Jose Uribe, Sen, Bob Menendez, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, UEFA, Business, Neom, US, International Monetary Fund, Bank of America, Apple, Apple Intelligence, OpenAI, Amazon, Bonnaroo Music, Arts Festival, Post Malone Locations: Saudi Arabia, Neom, Saudi, Kingdom, China, Gaza, New York, London

☆ Markets fear the French far right could trigger a financial crisis
▼ + stars: | 2024-06-14 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +5 min

President Emmanuel Macron called the snap elections Sunday after his party lost to the far right in a vote for EU lawmakers, a shock move that rattled markets for French stocks and government bonds. There has been widespread speculation since then that the National Rally, the party of far-right doyenne Marine Le Pen, is poised to become the most powerful force in parliament, unseating Macron’s centrist bloc. The risk of something similar happening in France is real, according to the country’s finance minister, Bruno Le Maire. “This comes down to the (parties’) plans that are on the table, whether we can, yes or no, finance this debt,” Le Maire said. The National Rally has promised to raise public spending and slash VAT on electricity and fuel.

Persons: Emmanuel Macron, Pen, ”, Truss, Bruno Le Maire, Le Maire, “, ” Le Maire, ’ jitters, Ludovic Marin, La Tribune Dimanche, Frank Gill, Moody’s, ” Joseph Ataman, Mark Thompson Organizations: London CNN —, EU, National, ‘, AAA, Getty Images Stock, haven’t, CNN, BFMTV, La Tribune, National Rally, European Central Bank, ECB Locations: France, ‘ France, French, Portugal, Europe, Italy, AFP, Paris, London

☆ Stock market today: Indexes edge lower after hitting records on cooling inflation
▼ + stars: | 2024-06-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks dipped on Friday after the S&P 500 and Nasdaq 100 reached record highs four days in a row. Investors expect the Federal Reserve to begin cutting interest rates at its September FOMC meeting. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Friday's decline in stocks was preceded by a sharp decline in European stocks, as recent election results continue to make waves in France and Germany. The market currently expects the Fed to begin cutting interest rates at its September FOMC meeting.

Persons: Loretta Mester, —, DAX, Austan, Mester Organizations: Nasdaq, CNBC, Investors, Federal Reserve, Service, University of Michigan, Fed, Here's Locations: France, Germany

☆ Euro 2024: Host Germany kicks off tournament with 5-1 hammering of Scotland
▼ + stars: | 2024-06-14 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

CNN —Host Germany kicked off Euro 2024 in spectacular fashion on Friday, hammering 10-man Scotland 5-1 in Munich to record the biggest opening match victory in European Championship history. Antonio Rüdiger’s own goal in the 87th minute was nothing more than a consolation but gave the Scotland fans a moment to remember on a difficult night. Germany didn’t allow Scotland fans much time to enjoy their moment as Can, who was a late callup following youngster Aleksandar Pavlović’s injury, found the bottom corner from the edge of the area. The thumping win will be a considerable boost to a team that didn’t come into its home tournament with high expectations. It was a brutal opening night for Scotland fans.

Persons: Florian Wirtz, Jamal Musiala, Kai Havertz, Niclas Füllkrug, Emre, Antonio Rüdiger’s, Ryan Porteous, Germany couldn’t, “, Julian Nagelsmann, Wirtz, Angus Gunn, Kai Pfaffenbach, Ryan Christie’s, Porteous, Scott McKenna, Andy Robertson’s, Aleksandar Pavlović’s, didn’t, Hansi Flick, Jeff J Mitchell, hasn’t, Philipp Lahm Organizations: CNN, Scotland, Tartan Army, ITV, Bundesliga, Bayer Leverkusen, Reuters, Allianz Arena, Getty, Costa Locations: Munich, Hungary, Switzerland, Germany, Havertz, Scotland, Musiala, Nagelsmann, Costa Rica

We're all set to show you where to watch Euro 2024 live streams for free online, no matter what country you're in. Alternatively, we can show you how to tune into one of the free live streams from Europe. How to watch free Euro 2024 live streams from anywhereWith a quick and easy workaround, you can catch all Euro 2024 action for free using a mix of the UK's ITVX and the BBC iPlayer streaming services. Where to watch Euro 2024 in the USAFox has picked up the rights to the vast majority of games in the USA. Where to watch Euro 2024 in AustraliaOptus Sport, a paid streaming service, exclusively holds Australian Euro 2024 live streams.

Persons: we've, ExpressVPN, That's Organizations: Business, BBC, ITV, Olympics, Wimbledon, USA Fox, Fox, Fox Sports, Fubo, Nations, Australia Optus Sport, Optus Locations: Europe, Germany, Scotland, Munich, Ireland, USA, Slovakia, Ukraine, Georgia, Australia

☆ Russia adopts Chinese yuan-to-ruble as benchmark exchange rate after US sanctions force a further move away from the dollar
▼ + stars: | 2024-06-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Read previewMoscow is adopting the Chinese yuan-to-ruble exchange rate as its benchmark currency pair after the US expanded sanctions against Russia on Wednesday, the country's central bank said on Thursday. The new US sanctions prompted the Moscow Exchange to end dollar and euro trading on Thursday, causing confusion — since the exchange rate is now opaque. Related storiesRussia's central bank appeared to seek to calm the market in a statement on Thursday. AdvertisementThe central bank added in its statement to Russia's RBC News that the yuan has become "the main currency" on the Moscow Exchange. It will "set the trajectory for other currency pairs" and be the guideline for market participants, the central bank said.

Persons: —, Vladimir Putin, Russia — Organizations: Service, Russia, Business, TASS, RBC, Moscow Exchange Locations: Moscow, Russia, Ukraine, Russia's

☆ Another Summer to Remember? For Germany: So Far, So Great.
▼ + stars: | 2024-06-14 | by ( Rory Smith | ) www.nytimes.com time to read: +1 min

The arc of Philipp Lahm’s career had the rhythm of someone meticulously ticking items off a bucket list. He won eight German championships with Bayern Munich, the team he supported as a child. A year later, he captained Germany to World Cup glory. Yet for everything else he has achieved, Lahm will always be remembered in his homeland as the man who ushered in the Sommermärchen, the fairy-tale summer, of 2006. All that year’s World Cup became, all it meant to Germany then and all it means to Germany now, started with his goal in the opening game, here in Munich, against Costa Rica.

Persons: Philipp Lahm’s, Lahm Organizations: Bayern Munich Locations: Germany, Munich, Costa Rica

☆ French Stocks Tumble to Worst Week in Two Years Over Election Fears
▼ + stars: | 2024-06-14 | by ( Liz Alderman | ) www.nytimes.com time to read: +1 min

A growing realization that President Emmanuel Macron’s decision to hold snap elections in France may backfire sent the French stock market tumbling on Friday to its lowest level in two years, and prompted warnings from the French finance minister that the economy risks stumbling into a financial crisis. Amid growing signs that Marine Le Pen’s far-right party may be ushered to the brink of power, France’s benchmark stock index, the CAC 40, slumped 2.7 percent. The losses capped a weeklong losing streak that sent shares down more than 6 percent, wiping out all the bourse’s gains since the start of the year. Among the hardest hit stocks were France’s biggest banks, including BNP Paribas and Société Générale, which hold hefty amounts of French sovereign debt. Equally worrisome, the risk premium that investors demand to hold French government bonds over Germany’s, a eurozone benchmark, rose to the highest since 2017, the biggest weekly jump since 2012, when the euro debt crisis was underway.

Persons: Emmanuel Macron’s, Société Organizations: CAC, BNP Locations: France

☆ New US sanctions against Russia force end of dollar and euro trading on Moscow Exchange
▼ + stars: | 2024-06-13 | by ( ) edition.cnn.com time to read: +3 min

New US sanctions against Russia have caused an immediate suspension of trading in dollars and euros on the country’s leading financial marketplace, the Moscow Exchange. “Due to the introduction of restrictive measures by the United States against the Moscow Exchange Group, exchange trading and settlements of deliverable instruments in US dollars and euros are suspended,” the central bank said. The move means banks, companies and investors will no longer be able to trade either currency via a central exchange, which offers advantages such as better liquidity and oversight. The central bank said it would use data from those trades to set official exchange rates. The central bank reassured people these deposits were secure.

Persons: MOEX Organizations: Moscow Exchange, Moscow Exchange Group, “, Reuters, Moscow, Norvik Bank, Tsifra Bank, US Treasury, Investments, Forbes Russia, MOEX, Clearing Locations: Russia, Moscow, Russian, Washington, Ukraine, United States, Beijing, ”

☆ Euro 2024: Ukraine hopes to show the ‘spirit of our nation’ at tournament
▼ + stars: | 2024-06-13 | by ( Don Riddell | Ben Church | ) edition.cnn.com time to read: +6 min

“We all understand that football is not the most important thing now in Ukraine,” Ukraine head coach Sergiy Rebrov tells CNN Sport. “But I think our successful performance in Europe gives our people in Ukraine positive emotions. “Before [the war], when you’re fighting on the pitch, you are thinking only about the result. The team hopes to provide Ukraine with some respite from the war during the tournament. “Everybody from Ukraine […] is trying to help each other, trying to help our defenders, trying to help the volunteers,” Rebrov says.

Persons: It’s, Sergiy Rebrov, Volodymyr Zelensky, ” Rebrov, Rafal Oleksiewicz, Mykhailo Mudryk, Oleksandr Zinchenko, Rebrov, “, ”, Strangmann, UEFA’s, Sergei Gapon, Zelensky, Oleksandr Usyk, Elina Svitolina Organizations: CNN, Romania, Ukraine, ”, CNN Sport, “, Chelsea, European, Getty, UN, Rights Locations: Ukraine, ” Ukraine, Europe, England, Italy, Bosnia, Herzegovina, Iceland, Belgium, Slovakia, Ukraine –, AFP, Ukrainian, Russia, Germany, Kharkiv

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