21 July

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EU wants reforms before approving Hungary’s recovery plan By Reuters

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BUDAPEST (Reuters) - The European Commission won't approve Hungary's recovery plan until it carries out judicial reform and guarantees that corruption cases are investigated, justice commissioner Didier Reynders said in an interview published on Tuesday. There are systemic problems with the rule of law in Hungary, and the European Commission is ready to use all tools to protect democracy, including the suspension of EU funds, Reynders said on the hvg.hu news site. In a report published on Tuesday, the European Commission listed serious concerns about the rule of law in Poland and Hungary. The commission...

21 July

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UK tells EU to think again over bloc’s plan for Gibraltar talks By Reuters

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LONDON (Reuters) - Britain told the European Union to "think again" after the bloc published a plan for post-Brexit negotiations over the future of Gibraltar that London said seeks to undermine British sovereignty over the territory. The European Commission said the draft negotiating mandate would have a positive impact for people living and working on either side of the border between Spain and Gibraltar without undermining the EU's single market. But British Foreign Secretary Dominic Raab said the plan conflicted with an agreement between London, Madrid and Gibraltar reached in December last year, just before Britain...

20 July

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Israel PM warns Unilever boss over Ben & Jerry’s boycott By Reuters

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By Dan Williams and Siddharth Cavale JERUSALEM (Reuters) -Israel warned consumer goods giant Unilever (LON:ULVR) Plc on Tuesday of "severe consequences" from a decision by subsidiary Ben & Jerry's to stop selling ice cream in Israeli-occupied territories, and urged U.S. states to invoke anti-boycott laws. Monday's announcement followed pro-Palestinian pressure on the Vermont-based company over its business in Israel and Jewish settlements in the West Bank, handled since 1987 through a licensee partner, Ben & Jerry's Israel. Most countries consider Israeli settlements on Palestinian land to be illegal. Israel disputes this. The country's...

20 July

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Wall Street reverses sell-off despite COVID variant concerns By Reuters

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By Jessica DiNapoli NEW YORK (Reuters) - Wall Street made a comeback on Tuesday with all the major indexes rising, and yields on other safe havens including U.S. Treasuries bounced off lows even as worries remained about a resurgence in COVID-19, spurred by the Delta variant. Wall Street's main indexes all rose by more than 1%, with the Dow recovering from its worst day in nine months. Yields on U.S. 10-year Treasuries came off a new five-month low, reversing a 10 basis-point drop from the previous session, the biggest since February. "The bond market has...

20 July

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Canada shares higher at close of trade; S&P/TSX Composite up 1.17% By Investing.com

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Investing.com – Canada equities were higher at the close on Tuesday, as gains in the Healthcare, Consumer Discretionary and IT sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite rose 1.17%. The biggest gainers of the session on the S&P/TSX Composite were Denison Mines Corp (TSX:DML), which rose 10.17% or 0.12 points to trade at 1.30 at the close. Air Canada (TSX:AC) added 7.51% or 1.76 points to end at 25.20 and BlackBerry Ltd (TSX:BB) was up 7.22% or 0.91 points to 13.52 in late trade. Biggest losers included...

20 July

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UK’s Johnson tells Ireland that EU must show post-Brexit pragmatism By Reuters

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LONDON (Reuters) - British Prime Minister Boris Johnson told his Irish counterpart Micheal Martin on Tuesday that the European Union had to show pragmatism to end a stand-off over rules for post-Brexit trade involving Northern Ireland. "The prime minister emphasised that the way the Protocol is currently operating is causing significant disruption for the people in Northern Ireland," Johnson's Downing Street office said, referring to the rules. Johnson told Martin that his government would outline its approach on the Northern Ireland Protocol to Britain's parliament on Wednesday. ...

20 July

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U.S. housing starts accelerate, building permits skid to eight-month low By Reuters

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By Lucia Mutikani WASHINGTON (Reuters) - U.S. homebuilding increased more than expected in June, but permits for future home construction fell to an eight-month low, likely reflecting hesitancy caused by expensive building materials as well as shortages of labor and land. The report from the Commerce Department on Tuesday suggested a severe shortage of houses, which has boosted prices and sparked bidding wars across the country, could persist for a while. Demand for houses is being driven by low mortgage rates and a desire for more spacious accommodations during the COVID-19 pandemic. Though lumber prices...

20 July

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Nasdaq partners with major banks to spin out trading platform for pre-IPO stocks By Reuters

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(Reuters) -Nasdaq Inc on Tuesday partnered with big U.S. banks, including Goldman Sachs and Morgan Stanley (NYSE:MS), to separate its platform that allows people to trade in shares of private companies, which have seen strong interest from investors seeking lofty returns on investments. Since interest rates were slashed to near-zero across the globe at the start of the coronavirus pandemic, investors have sought out other sources of yield, making investments in private entities an attractive option. As part of the deal, Nasdaq Private Market will become a standalone, independent company that will receive investments...

20 July

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EU court to rule on Google’s $2.8 billion EU antitrust fine on Nov. 10 – sources By Reuters

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By Foo Yun Chee BRUSSELS (Reuters) - Europe's second-top court will rule on Alphabet (NASDAQ:GOOGL) unit Google's challenge against a 2.4 billion euro ($2.8 billion) EU antitrust fine on Nov. 10, the first of a trio of cases, people familiar with the matter said on Tuesday. The European Commission issued the fine on the world's most popular internet search engine in 2017 for favouring its own price-comparison shopping service and giving it an unfair advantage against smaller European rivals. Google told the Luxembourg-based General Court at a hearing last year that making innovative products was the...

20 July

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Jeff Bezos, world’s richest man, carries out inaugural space voyage By Reuters

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By Eric M. Johnson VAN HORN, Texas (Reuters) -Jeff Bezos, the world's richest man, and three crewmates soared high above the Texas desert aboard his space venture Blue Origin's New Shepard https://graphics.reuters.com/SPACE-EXPLORATION/BLUEORIGIN/jbyprzzympe/blue-origin.jpg launch vehicle on Tuesday and returned to Earth, a historic suborbital flight that helps to inaugurate a new era of private commercial space tourism. The spacecraft ignited its BE-3 engines for a liftoff from Blue Origin's Launch Site One facility about 20 miles (32 km) outside the rural town of Van Horn. There were generally clear skies with a few patchy clouds on...

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EU wants reforms before approving Hungary’s recovery plan By Reuters

UK tells EU to think again over bloc’s plan for Gibraltar talks By Reuters

Israel PM warns Unilever boss over Ben & Jerry’s boycott By Reuters

Wall Street reverses sell-off despite COVID variant concerns By Reuters

Canada shares higher at close of trade; S&P/TSX Composite up 1.17% By Investing.com

UK’s Johnson tells Ireland that EU must show post-Brexit pragmatism By Reuters

U.S. housing starts accelerate, building permits skid to eight-month low By Reuters

Nasdaq partners with major banks to spin out trading platform for pre-IPO stocks By Reuters

EU court to rule on Google’s $2.8 billion EU antitrust fine on Nov. 10 – sources By Reuters

Jeff Bezos, world’s richest man, carries out inaugural space voyage By Reuters

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