By Huw Jones LONDON (Reuters) -Britain set out a detailed plan on Monday to exploit the potential of cryptoassets and their underlying blockchain technology to help consumers make payments more efficiently. As part of creating a global cryptoasset hub,…
German regulator takes over Gazprom Germania to ensure energy supply
FRANKFURT (Reuters) – Gazprom Germania, an energy trading, storage and transmission business ditched by Russia’s Gazprom on Friday, will be transferred to Germany’s regulator to ensure energy security, Economy Minister Robert Habeck said on Monday. All…
Sterling jumps as prospect of more Russian sanctions knocks euro
LONDON (Reuters) -Sterling gained versus the euro on Monday as the prospect of more sanctions against Russia knocked confidence in the euro zone economy, while continued bets on a rapid pace of interest rate rises from the Bank of England also supporte…
U.S. dollar firms on prospect of more sanctions over Ukraine
By Gertrude Chavez-Dreyfuss and Joice Alves NEW YORK/LONDON (Reuters) – The dollar gained on Monday, rising for three straight sessions, as civilian killings in north Ukraine and the prospect of increased sanctions pushed investors to seek safety in th…
London marine insurers label all Russian waters high risk
By Jonathan Saul LONDON (Reuters) -London’s marine insurance market on Monday added all of Russia’s waters to its list of areas deemed high risk, an advisory showed, which is likely to raise the cost of shipping and adds to the logistical pressures on …
Suedzucker’s annual profit jumps nearly 40% on strong sugar, bioethanol performance
HAMBURG (Reuters) – Europe’s largest sugar producer Suedzucker on Monday posted a rise of almost 40% in full year operating profit as improved sugar and bioethanol markets boosted earnings. Group operating profit in the full financial year 2021/22 to t…
Russia must be suspended from UN Human Rights Council, UK says
LONDON (Reuters) – British Foreign Secretary Liz Truss said on Monday that Russia must be suspended from the United Nations Human Rights Council over the discovery of bodies and mass graves found in Bucha, Ukraine. “Given strong evidence of war crimes,…
West pledges to punish Russia over civilian killings in Bucha
By Marko Djurica and Abdelaziz Boumzar BUCHA, Ukraine (Reuters) – The United States and European countries pledged on Monday to punish Moscow over civilian killings in northern Ukraine, where a mass grave and tied bodies of people shot at close range w…
BoE’s Cunliffe says sustained rate hike campaign may be unneeded
By Andy Bruce and David Milliken LONDON (Reuters) -Bank of England Deputy Governor Jon Cunliffe said on Monday that the central bank may not need to take sustained action to prevent inflation expectations from becoming engrained in public thinking, as …
Ireland’s Kerry Group suspends operations in Russia and Belarus
DUBLIN (Reuters) – Irish food company Kerry Group is suspending its operations in Russia and Belarus, the company said on Monday. A company statement said it has been monitoring the situation in Ukraine and was horrified at the escalation of the humani…