27 May

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Ireland to ask UN body to investigate Belarus grounding By Reuters

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DUBLIN (Reuters) - Ireland will call on the United Nations International Civil Aviation Organization to conduct an impartial probe into the "forced landing" of a Ryanair jet in Minsk at a meeting of the council later on Thursday, its transport minister said. International condemnation of the scrambling of a fighter jet and the use of what turned out to be a false bomb alert to divert the flight to Minsk and detain a dissident Belarusian journalist has focused mainly on accusations of state-sponsored hijacking and rights violations. But Europe's aviation regulator said on Wednesday that Belarus's...

27 May

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Analysis-New York could profit from Brexit tussle over euro derivatives By Reuters

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By Huw Jones LONDON (Reuters) - A hasty shift in euro-denominated derivatives clearing from London to Frankfurt to meet European Union post-Brexit demands may drive business to New York and shackle the 27-member bloc's capital market, banks warn. The future of where euro derivatives are cleared for customers in the bloc became a focal point in the Brexit debate, with EU politicians keen to wrest control of the 100 trillion euro ($122 trillion) market away from the City of London after Britain quit the EU. Whilst employing a relatively small number of people, euro clearing...

27 May

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Late to the party, London rushes to win SPAC listings By Reuters

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By Abhinav Ramnarayan and Huw Jones LONDON (Reuters) - Britain is rushing out rules to make London's stock market attractive for 'blank cheque' listing vehicles as bankers ready a string of potential floats in Europe as interest in the U.S. fades. Special purpose acquisition companies (SPACs) have been the biggest trend in global capital markets in 2020 and 2021, with investors pouring more than $300 billion into listing these shell companies before they identify and acquire a business - effectively writing a blank cheque. They offer target companies an easier, quicker listing route at...

27 May

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Twitter says concerned about India staff safety after police visit By Reuters

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By Sankalp Phartiyal NEW DELHI (Reuters) -Twitter Inc said on Thursday it was worried about the safety of its staff in India, days after police visited its office as part of a probe related to the social media firm's tagging of some ruling party posts as manipulated. Indian police on Monday visited a Twitter office to serve a notice to the micro-blogging firm's country head for a probe into its tagging of a tweet by a ruling party spokesman as "manipulated media". Without directly referring to the Delhi police action, Twitter said: "We, alongside many in...

27 May

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Biden trade czar Tai ‘optimistic’ U.S.-EU airline subsidies spat may end soon By Reuters

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By Andrea Shalal and David Lawder WASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai said she is optimistic that the United States and Europe can settle a longstanding dispute over aircraft subsidies, leaving them free to focus on larger issues, including China's nascent aircraft industry. Tai, who is working to reset trade ties with allies across the world after former President Donald Trump's tariff wars, declined to give any details about her talks with the European Union and Britain on the dispute, but struck an upbeat tone. “It’s impossible to predict the organic development of any...

27 May

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France’s Total to face climate plan pressure at investor meeting By Reuters

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By Simon Jessop and Benjamin Mallet PARIS (Reuters) - Several Total shareholders plan to demonstrate their concern that the French firm is not doing enough to curb carbon emissions at its shareholder meeting on Friday, as global oil and gas companies come under growing environmental pressure. The International Energy Agency has warned that new fossil fuel projects must stop this year if the world wants to reach net zero carbon emissions by the middle of the century, a far faster pace than that envisaged so far by oil producers. Total, which has faced growing investor...

27 May

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Russian court fines Tiktok 1.5 million roubles for not deleting banned content By Reuters

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MOSCOW (Reuters) - A Russian court on Thursday said it had fined Tiktok 1.5 million roubles ($20,425) over a failure to delete content Moscow deems illegal, part of a broader standoff between Moscow and big tech companies. It also fined Google (NASDAQ:GOOGL) 3.5 million roubles, adding to the 6 million roubles in fines it received on Tuesday. ($1 = 73.4400 roubles) ...

27 May

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‘Patriots rule Hong Kong’ as sweeping pro-Beijing electoral rules passed By Reuters

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By Sharon Abratique HONG KONG (Reuters) - Hong Kong's legislature approved the biggest overhaul of its political system in the quarter century since British rule on Thursday, in a decisive step to assert Beijing's authority over the autonomous city. The changes will reduce the proportion of seats in the legislature that are filled by direct elections from half to less than a quarter. A new body will be empowered to vet candidates and bar those deemed insufficiently patriotic towards China from standing. "These 600-or-so pages of the legislation come down to just a few words: patriots...

27 May

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Bank of England likely to raise rates at some point in 2022 – Vlieghe By Reuters

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LONDON (Reuters) - The Bank of England is only likely to start to raise interest rates "well into" next year, although a move could come earlier in 2022 if the economy rebounds faster than expected, BoE policymaker Gertjan Vlieghe said on Thursday. "My central scenario is that the economy evolves similarly to the MPC's central projection in May, but with somewhat more slack than in the central projection," Vlieghe said in a lecture at the University of Bath. "In that scenario, the first rise in Bank Rate is likely to become appropriate only well into...

27 May

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Analysis-Swiss to pay economic price for ditching EU treaty By Reuters

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By Michael Shields ZURICH (Reuters) - Switzerland will pay the price in lost exports, higher costs and diminished attractiveness as a business centre after deciding this week to pull the plug on a draft treaty binding it more snugly to the European Union, its biggest trading partner. Popular concerns about yielding too much sovereignty sank the 2018 pact that would have had non-member Switzerland routinely adopt rules governing the EU's giant single market, including the free movement of people. While the eurosceptic far-right celebrated the demise of a what it saw as a "colonial" treaty...

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News

Ireland to ask UN body to investigate Belarus grounding By Reuters

Analysis-New York could profit from Brexit tussle over euro derivatives By Reuters

Late to the party, London rushes to win SPAC listings By Reuters

Twitter says concerned about India staff safety after police visit By Reuters

Biden trade czar Tai ‘optimistic’ U.S.-EU airline subsidies spat may end soon By Reuters

France’s Total to face climate plan pressure at investor meeting By Reuters

Russian court fines Tiktok 1.5 million roubles for not deleting banned content By Reuters

‘Patriots rule Hong Kong’ as sweeping pro-Beijing electoral rules passed By Reuters

Bank of England likely to raise rates at some point in 2022 – Vlieghe By Reuters

Analysis-Swiss to pay economic price for ditching EU treaty By Reuters

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