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Euro zone inflation rises again, reinforcing case for ECB hike

Euro zone inflation rises again, reinforcing case for ECB hike

FRANKFURT, June 2 (Reuters) - Euro zone inflation accelerated further last month on higher energy and services costs, bolstering the already strong case for a small European Central Bank interest rate hike later this month, Eurostat data showed on Tuesday.

Ukraine's Zelenskiy seeks progress on peace talks before winter

Ukraine's Zelenskiy seeks progress on peace talks before winter

May 31 (Reuters) - Ukrainian President Volodymyr Zelenskiy, in an interview broadcast on Sunday, said he wanted to press on with talks on securing peace with Russia before the onset of winter to take account of Kyiv's improved strategic position.

UK manufacturers raise prices at fastest pace in nearly 4 years, PMI shows

UK manufacturers raise prices at fastest pace in nearly 4 years, PMI shows

LONDON, June 1 (Reuters) - British manufacturers raised their prices at the fastest rate since June 2022 last month in response to a big increase in costs as the Iran war disrupts supply chains, according to a survey likely to concern the Bank of England.

Kremlin talks of new 'paradigm' in Ukraine war, accusing Kyiv of 'acts of terror'

Kremlin talks of new 'paradigm' in Ukraine war, accusing Kyiv of 'acts of terror'

MOSCOW, June 2 (Reuters) - The Kremlin said on Tuesday that the war in Ukraine had entered a "different paradigm" due to what it called "inhumane acts of terror" carried out by Kyiv's military against civilians.

Ukraine Pushes for Peace Talks with Russia Before Winter Amid Strategic Gains

Ukraine Pushes for Peace Talks with Russia Before Winter Amid Strategic Gains

Kyrylo Budanov, a senior aide to Ukrainian President Volodymyr Zelensky, has stated that ending the war with Russia before winter is a realistic goal. Zelensky has called for the revival of stalled peace talks, citing Ukraine's improved strategic position. A senior Ukrainian commander noted a six-month window to seize battlefield initiative and strengthen Ukraine's position for negotiations. Meanwhile, Kyiv faced heavy Russian attacks, with missile debris causing fires in various districts. Air defenses were active, and residents were urged to seek shelter.

Denmark's Frederiksen secures third term as prime minister

Denmark's Frederiksen secures third term as prime minister

By Stine Jacobsen COPENHAGEN, June 1 (Reuters) - Denmark's Social Democratic leader Mette Frederiksen said on Monday she has agreed to form a centre-left coalition government, maintaining her grip on power amid a crisis in ties with U.S. President Donald Trump over the future of Greenland.

Analysis-Euro zone firms struggle to raise prices despite Iran war shock

Analysis-Euro zone firms struggle to raise prices despite Iran war shock

By Francesco Canepa and Rob Lang FRANKFURT, June 2 (Reuters) - Only a third of the euro zone's largest companies have indicated they are raising prices in response to the Iran war, a Reuters analysis of listed corporate earnings commentary shows, suggesting a weak economy is curbing their pricing

Euro fails to nab big market share from dollar despite erratic US policy, report shows

Euro fails to nab big market share from dollar despite erratic US policy, report shows

FRANKFURT, June 2 (Reuters) - The global role of the euro currency hardly budged last year, disappointing some hopes that erratic economic policy in the United States could give it a big boost, as investors moved into gold and smaller currencies instead, an ECB report showed.

How Trump's Ukraine aid cuts undermine justice for Russian war crimes

How Trump's Ukraine aid cuts undermine justice for Russian war crimes

By Anthony Deutsch IZIUM, Ukraine, May 31 (Reuters) - Roksolana Makar braved icy roads and the threat of drone strikes to interview a woman in the Ukrainian town of Izium who said Russian forces tortured her.

Ukraine keeps up assault on Russian oil infrastructure as Kyiv braces for more strikes

Ukraine keeps up assault on Russian oil infrastructure as Kyiv braces for more strikes

Ukrainian drones struck oil facilities in two southern Russian regions overnight into Saturday, local officials said, the latest in a near-daily campaign targeting infrastructure that funds Moscow’s invasion

Ukraine keeps up assault on Russian oil sites as Kyiv expects more strikes

Ukraine keeps up assault on Russian oil sites as Kyiv expects more strikes

Ukrainian drone strikes have caused fires at Russian oil facilities, according to Russian officials

Tennis-Ruud leans on Paris pedigree as Roland Garros opens up after favourites fall

Tennis-Ruud leans on Paris pedigree as Roland Garros opens up after favourites fall

PARIS, May 30 (Reuters) - The business end of the French Open begins on Sunday when four-times champion Iga Swiatek and second seed Alexander Zverev play their fourth-round matches. Twice runner-up Casper Ruud and Italian Open champion Elina Svitolina will also be in action.