Germany’s conservatives are on track to win key state vote

Conservatives win 35% of vote – exit poll SPD at 27.5% of the vote – exit poll The Greens will become kingmakers for the SPD or the CDU Spotlight on job security and coal transition BERLIN, May 15 (Reuters) – Germany’s conservative CDU party was on course to win regional elections in North Rhine-Westphalia on … Read more

Shipping insurance costs across the Black Sea are skyrocketing

LONDON, Feb 25 (Reuters) – Insurers have raised the cost of cover for merchant ships crossing the Black Sea, adding to soaring freight rates in the region for vessels still ready to sail after the invasion of Ukraine by Russia. Shipowners pay war risk insurance annually as well as an additional “infraction” premium when entering … Read more

Analysis: Aircraft lessors prepare to fight insurers over Russian plane default

Passenger planes of Aeroflot – Russian Airlines are parked at Sheremetyevo International Airport in Moscow, Russia March 12, 2022. REUTERS/Marina Lystseva Join now for FREE unlimited access to Reuters.com Register Major landlord promises ‘vigorous’ pursuit of claims Legal expert says results could be unpredictable Soaring insurance rates ‘are not a pretty sight’ Lessors keep in … Read more

Explanation: Can companies leaving Russia recover their losses through insurance?

March 23 (Reuters) – Hundreds of companies said they were pulling out or suspending operations in Russia after it invaded Ukraine, by energy producer Shell Plc (SHELL) to car manufacturer Hyundai Motor Co (005380.KS) to PwC, a global professional services firm. Here’s a look at how insurance and international arbitration could soften the blow to … Read more

Europe turns into cocaine hub as multi-billion euro market grows, says EU

A worker pushes a trolley containing cocaine before the incineration of more than nine tons of cocaine seized in different operations, according to the Ecuadorian Interior Ministry, at a warehouse in an undisclosed location in Ecuador on April 21 2022. REUTERS/Karen Toro/File Photo Join now for FREE unlimited access to Reuters.com Register The European cocaine … Read more

US and European stocks rise amid mixed earnings; The euro at its lowest since 2017

FILE PHOTO – A stockbroker works at the Frankfurt Stock Exchange as markets react to the coronavirus disease (COVID-19), at the Frankfurt Stock Exchange, Germany March 27, 2020. REUTERS/Kai Pfaffenbach Join now for FREE unlimited access to Reuters.com Register WASHINGTON/LONDON, April 27 (Reuters) – Major U.S. and European stock indexes rose in choppy trading on … Read more

Fines, fear, self-censorship: Russia’s new Ukraine law casts chill

LONDON, March 11 (Reuters) – After almost eight hours sitting in a police station and court, Vera Kotova became one of the first people to be judged and fined just under $240 under a new Russian law to punish anyone deemed to have discredited the armed strengths. Her crime was writing “No to war” accompanied … Read more

Indonesia to ban palm oil exports to curb domestic prices

People buy cooking oil made from palm oil at a supermarket in Jakarta, Indonesia, March 27, 2022. REUTERS/Willy Kurniawan Join now for FREE unlimited access to Reuters.com Register ‘Totally unexpected’ ban says Indian trade group Government under pressure to control cooking oil prices Global prices hit record highs this year after Indonesian restrictions Food oil … Read more

Wall Street sinks, bond yields rise as Powell suggests aggressive Fed policy

The New York Stock Exchange (NYSE) in New York, New York, U.S., February 24, 2022. REUTERS/Caitlin Ochs Join now for FREE unlimited access to Reuters.com Register US stocks turn negative after earlier gains Fed Chairman Powell suggests aggressive hikes Bond yields rise on bets on rising rates Oil rises but remains well below March highs … Read more

Shanghai factories sputter towards reopening as city aims to ease lockdown

SHANGHAI, April 18 (Reuters) – Automakers including Tesla (TSLA.O) began preparing on Monday to reopen its Shanghai factories as China’s most populous city ramps up efforts to return to normal after a nearly three-week COVID shutdown. Still, most workers will have to live on site, and it’s not immediately clear how factories will handle disrupted … Read more