Tag: EUROP

Adidas ends Ye deal over hate speech, costing rapper his billionaire status
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Adidas ends partnership immediately

To take about $250 mln hit to 2022 net income

Gap, Balenciaga have also cut ties with Ye
Oct 25 (Reuters) – Adidas AG (ADSGn.DE) terminated its partnership with rapper and fashion designer Ye on Tuesday after he made a series of antisemitic remarks, a move that knocked the musician off the Forbes list of the world’s billionaires.

Adidas put the tie-up, which has produced several hot-selling Yeezy branded sneakers, under review this month.

“Adidas does not tolerate antisemitism and any other sort of hate speech,” the German company said on Tuesday.

“Ye’s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness,” it said.

Forbes magazine said the end of the deal meant Ye’s net worth shrank to $400 million. The magazine had valued his share of the Adidas partnership at $1.5 billion.

The remainder of Ye’s wealth comes from real estate, cash, his music catalogue and a 5% stake in ex-wife Kim Kardashian’s shapewear firm, Skims, Forbes said.

Representatives for Ye, formerly known as Kanye West, did not immediately respond to a request for comment.

For Adidas, ending the partnership and the production of Yeezy branded products, as well as stopping all payments to Ye and his companies, will have a “short-term negative impact” of up to 250 million euros ($248.90 million) on net income this year, the company said.

Ye has courted controversy in recent months by publicly ending major corporate tie-ups and making outbursts on social media against other celebrities. His Twitter and Instagram accounts were restricted, with the social media platforms removing some of his online posts that users condemned as antisemitic.

In now-deleted Instagram posts earlier this year, the multiple Grammy award-winning artist accused Adidas and U.S. apparel retailer Gap Inc (GPS.N) of failing to build contractually promised permanent stores for products from his Yeezy fashion line.

[1/3] Singer Kanye West walks past models after presenting his Fall/Winter 2015 partnership line with Adidas at New York Fashion Week February 12, 2015. REUTERS/Lucas Jackson/File Photo

He also accused Adidas of stealing his designs for its own products.

On Tuesday, Gap, which had ended its partnership with Ye in September, said it was taking immediate steps to remove Yeezy Gap products from its stores and that it had shut down YeezyGap.com.

“Antisemitism, racism and hate in any form are inexcusable and not tolerated in accordance with our values,” Gap said in a statement.

European fashion house Balenciaga has also cut ties with Ye, according to media reports.

“The saga of Ye … underlines the importance of vetting celebrities thoroughly and avoiding those who are overly controversial or unstable,” said Neil Saunders, managing director of GlobalData.

Adidas poached Ye from rival Nike Inc (NKE.N) in 2013 and agreed to a new long-term partnership in 2016 in what the company then called “the most significant partnership created between a non-athlete and a sports brand.”

The tie-up helped the German brand close the gap with Nike in the U.S. market.

Yeezy sneakers, which cost between $200 and $700, generate about 1.5 billion euros ($1.47 billion) in annual sales for Adidas, making up a little over 7% of its total revenue, according to estimates from Telsey Advisory Group.

Shares in Adidas, which cut its full-year forecast last week, closed down 3.2%. The group said it would provide more information as part of its upcoming Q3 earnings announcement on Nov. 9.

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Reporting by Mrinmay Dey, Uday Sampath and Aishwarya Venugopal in Bengaluru and Lisa Richwine in Los Angeles; Editing by Tomasz Janowski, Sriraj Kalluvila, Bernadette Baum, Anil D’Silva and Cynthia Osterman

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October 25, 2022
Iran will not remain indifferent if proven Russia using its drones in Ukraine – official

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DUBAI, Oct 24 (Reuters) – Iran will not remain indifferent if it is proven that its drones are being used by Russia in the Ukraine war, the Iranian foreign minister said on Monday, amid allegations the Islamic Republic has supplied drones to Moscow to attack Ukraine.

“If it is proven to us that Iranian drones are being used in the Ukraine war against people, we should not remain indifferent,” state media cited Hossein Amirabdollahian as saying.

However, Amirabdollahian said defence cooperation between Tehran and Moscow will continue.

Britain, France and Germany on Friday called for a United Nations probe of accusations Russia has used Iranian-origin drones to attack Ukraine, allegedly violating a U.N. Security Council resolution.

Citing diplomats and officials, Reuters reported last week that in addition to more drones, Iran had promised to provide Russia with surface-to-surface missiles.

Writing by Parisa Hafezi; Editing by Alex Richardson and Jonathan Oatis

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October 25, 2022
Saudi Arabia ‘maturer guys’ in spat with U.S., energy minister says
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OPEC+ oil output cut led to U.S., Saudi spat

Saudi Arabia and U.S. “solid allies” – minister

Big Wall St turnout at flagship Saudi investment summit
RIYADH, Oct 25 (Reuters) – Saudi Arabia decided to be the “maturer guys” in a spat with the United States over oil supplies, the kingdom’s energy minister Prince Abdulaziz bin Salman said on Tuesday.

The decision by the OPEC+ oil producer group led by Saudi Arabia this month to cut oil output targets unleashed a war of words between the White House and Riyadh ahead of the kingdom’s Future Investment Initiative (FII) forum, which drew top U.S. business executives.

The two traditional allies’ relationship had already been strained by the Joe Biden administration’s stance on the 2018 murder of Saudi journalist Jamal Khashoggi and the Yemen war, as well as Riyadh’s growing ties with China and Russia.

When asked at the FII forum how the energy relationship with the United States could be put back on track after the cuts and with the Dec. 5 deadline for the expected price-cap on Russian oil, the Saudi energy minister said: “I think we as Saudi Arabia decided to be the maturer guys and let the dice fall”.

“We keep hearing you ‘are with us or against us’, is there any room for ‘we are with the people of Saudi Arabia’?”

Saudi Investment Minister Khalid al-Falih said earlier that Riyadh and Washington will get over their “unwarranted” spat, highlighting long-standing corporate and institutional ties.

“If you look at the relationship with the people side, the corporate side, the education system, you look at our institutions working together we are very close and we will get over this recent spat that I think was unwarranted,” he said.

While noting that Saudi Arabia and the United States were “solid allies” in the long term, he highlighted the kingdom was “very strong” with Asian partners including China, which is the biggest importer of Saudi hydrocarbons.

The OPEC+ cut has raised concerns in Washington about the possibility of higher gasoline prices ahead of the November U.S. midterm elections, with the Democrats trying to retain their control of the House of Representatives and the Senate.

Biden pledged that “there will be consequences” for U.S. relations with Saudi Arabia after the OPEC+ move.

Princess Reema bint Bandar Al Saud, the kingdom’s ambassador to Washington, said in a CNN interview that Saudi Arabia was not siding with Russia and engages with “everybody across the board”.

[1/3] Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks at the Future Investment Initiative conference, in Riyadh, Saudi Arabia, October 25, 2022. REUTERS/ Ahmed Yosri

“And by the way, it’s okay to disagree. We’ve disagreed in the past, and we’ve agreed in the past, but the important thing is recognizing the value of this relationship,” she said.

She added that “a lot of people talk about reforming or reviewing the relationship” and said that was “a positive thing” as Saudi Arabia “is not the kingdom it was five years ago.”

FULL ATTENDENCE AT FII

Like previous years, the FII three-day forum that opened on Tuesday saw a big turnout from Wall Street, as well as other industries with strategic interests in Saudi Arabia, the world’s top oil exporter.

JPMorgan Chase & Co Chief Executive Jamie Dimon, speaking at the gathering, voiced confidence that Saudi Arabia and the United States would safeguard their 75-year-old alliance.

“I can’t imagine any allies agreeing on everything and not having problems – they’ll work it through,” Dimon said. “I’m comfortable that folks on both sides are working through and that these countries will remain allies going forward, and hopefully help the world develop and grow properly.”

The FII is a showcase for the Saudi crown prince’s Vision 2030 development plan to wean the economy off oil by creating new industries that also generate jobs for millions of Saudis, and to lure foreign capital and talent.

No Biden administration officials were visible at the forum on Tuesday. Jared Kushner, a former senior aide to then-President Donald Trump who enjoyed good ties with Prince Mohammed, was featured as a front-row speaker.

The Saudi government invested $2 billion with a firm incorporated by Kushner after Trump left office.

FII organisers said this year’s edition attracted 7,000 delegates compared with 4,000 last year.

After its inaugural launch in 2017, the forum was marred by a Western boycott over Khashoggi’s killing by Saudi agents. It recovered the next year, attracting leaders and businesses with strategic interests in Saudi Arabia, after which the pandemic hit the world.

Reporting by Aziz El Yaakoubi, Hadeel Al Sayegh and Rachna Uppal in Riyadh and Nadine Awadalla, Maha El Dahan and Yousef Saba in Dubai; Writing by Ghaida Ghantous and Michael Geory; Editing by Louise Heavens, Mark Potter, Vinay Dwivedi, William Maclean

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October 25, 2022
UK’s Sunak reinstates Braverman as interior minister

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LONDON, Oct 25 (Reuters) – British lawmaker Suella Braverman was reappointed as interior minister on Tuesday by Prime Minister Rishi Sunak, less than a week after she resigned from the role for breaching government rules.

Braverman, 42, stepped down a day before former prime minister Liz Truss did after breaching email security rules, also voicing concerns about the direction of Truss’s government in her resignation letter.

First elected to parliament in 2015, Braverman is regarded as being on the right wing of the governing Conservative Party.

She supports Britain’s exit from the European Convention on Human Rights as what she calls the only way the country can solve its immigration problems, and says it was her “dream” to see a flight deporting asylum seekers to Rwanda take off.

She has said Britain should replace the ECHR with a strengthened British Bill of Rights.

A committed Brexit supporter, she was appointed as a minister in the Department for Exiting the European Union but resigned in protest at former prime minister Theresa May’s proposed divorce deal.

After Boris Johnson became leader, she was later appointed Attorney General in 2020, when she was criticised by some lawyers over whether some government policies were legal.

Reporting by William James, writing by Muvija M and Alistair Smout, editing by Elizabeth Piper

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October 25, 2022
Liberal U.S. lawmakers withdraw Ukraine letter after blowback

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WASHINGTON, Oct 25 (Reuters) – A group of liberal U.S. Democrats withdrew a letter to the White House urging a negotiated settlement to the war in Ukraine, the group’s chairperson, Democratic Representative Pramila Jayapal, said on Tuesday, after blowback from within their own party.

“The Congressional Progressive Caucus hereby withdraws its recent letter to the White House regarding Ukraine,” Jayapal said in a statement. She added: “The letter was drafted several months ago, but unfortunately was released by staff without vetting.” read more

The letter signed by 30 caucus members became public on Monday, leaving some other Democrats feeling blindsided just two weeks before Nov. 8 mid-term elections that will determine which political party controls Congress. And it appeared just as Republicans face concerns that their party might cut back military and humanitarian aid that has helped Ukraine since Russia invaded in February.

Several members of the Progressive Caucus issued statements expressing support for Ukraine, noting that they had joined other Democrats in voting for billions of dollars in aid for Ukraine.

Some said they had signed the letter months earlier and that things had changed. “Timing in diplomacy is everything. I signed this letter on June 30, but a lot has changed since then. I wouldn’t sign it today,” Representative Sara Jacobs said on Twitter.

Representative Jamie Raskin, who also signed, said in a statement he was glad to learn it had been withdrawn and noted “its unfortunate timing and other flaws.”

Ukraine’s troops have been waging a successful counteroffensive, with forces advancing into Russian-occupied Kherson province and threatening a major defeat for Moscow.

[1/2] Ukrainian soldiers drive a captured Russian tank after re-fitting it for use in battle, in Kupiansk region of Kharkiv Oblast, Ukraine, October 15, 2022. REUTERS/Clodagh Kilcoyne

‘BLANK CHECK’

The letter drew immediate pushback, including from within the Progressive Caucus. “Russia doesn’t acknowledge diplomacy, only strength. If we want Ukraine to continue as a free and democratic country that it is, we must support their fight,” Democratic Representative Ruben Gallego, a caucus member, said in a written comment.

Representative Kevin McCarthy, the top House Republican, told Punchbowl News in an interview this month that there would be no “blank check” for Ukraine if Republicans take over. That fed speculation that Republicans might stop aid to Kyiv, although many members of the party said that was not their intention.

In her statement withdrawing the letter, Jayapal said that, because of the timing, the letter was being conflated as being equivalent to McCarthy’s remark.

“Nothing could be further from the truth. Every war ends with diplomacy, and this one will too after Ukrainian victory. The letter sent yesterday, although restating that basic principle, has been conflated with GOP opposition to support for the Ukrainians’ just defense of their national sovereignty. As such, it is a distraction at this time and we withdraw the letter,” Jayapal’s statement said.

State Department spokesperson Ned Price said both Democrats and Republicans support continued assistance for Ukraine and he did not think the letter would put U.S. support into question.

“In recent days, we’ve heard from Democrats, we’ve heard from Republicans, that they understand the need to continue to stand with Ukraine, to stand for the principles that are at play here,” he told a news briefing.

Reporting by Patricia Zengerle; Additional reporting by Richard Cowan and Doina Chiacu; Editing by Chizu Nomiyama and Cynthia Osterman

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October 25, 2022
UK justice secretary Brandon Lewis resigns – statement

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LONDON, Oct 25 (Reuters) – British justice secretary Brandon Lewis resigned on Tuesday following the appointment of Rishi Sunak as prime minister.

“The new PM will have my support from the back benches to tackle the many challenges we face – as a party and as a country,” Lewis said on Twitter.

Reporting by Sachin Ravikumar, writing by William James

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October 25, 2022
Baby reported missing in migrant capsizing off Italy island

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ROME — Rescuers searched the waters near a southern Italian island Sunday for a 2-week-old baby girl reported missing after a migrant boat capsized.

Italian authorities said the boat overturned a day earlier near the uninhabited islet of Lampione, part of the archipelago which includes Lampedusa, a tourist island where many rescued migrants are sheltered.

Italy’s new interior minister, Matteo Piantedosi, told Italian daily newspaper Il Messaggero that Italian border police rescued the capsized boat’s other passengers.

The 39 survivors from various sub-Saharan countries included eight children and the parents of the missing newborn, Italian daily newspaper La Sicilia reported Sunday on its website.

The rescue was one of several carried out by Italian military vessels or private charity boats off Lampedusa and off Italy‘s southern mainland in recent days. Hundreds of rescued people are now being temporarily sheltered in a chronically overcrowded migrant residence on Lampedusa.

Italy has grappled for more than a decade with how to prevent Europe-bound migrants from attempting to cross the Mediterranean Sea in smugglers’ boats launched from Libya, Tunisia or elsewhere in north Africa.

Most of these migrants see their asylum bids fail because they are fleeing poverty, not war or persecution.

Italy’s new premier, far-right leader Giorgia Meloni, campaigned on a pledge to crack down on the migration route. She advocates a naval blockade of the southern Mediterranean rim.

“We must continue to reaffirm the need to have migratory flows entrusted to the states and to their ability to manager this phenomenon, and not to the action of traffickers and neither to that of spontaneous (action) even if it’s humanitarian,” Piantedosi told Il Messaggero.

A key partner in Meloni’s day-old coalition government is Matteo Salvini. As Italy’s interior minister a few years ago, Salvini tried to stop rescue boats from disembarking migrants in Italian ports, and was prosecuted for his efforts.

Piantedosi said he planned to discuss migrant issues later Sunday with his French counterpart and with French President Emmanuel Macron, who was attending a pro-peace conference in Rome.

———

Follow AP’s coverage of global migration at https://apnews.com/hub/migration

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October 23, 2022
As UK’s Truss fights for job, new finance minister says she made mistakes
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Truss sacked finance minister on Friday

New chancellor Hunt warns of tough decisions

‘I’ve listened, I get it’, Truss says

BoE’s Bailey says agrees with Hunt on need to fix finances

Some Conservative lawmakers say Truss will be ousted
LONDON, Oct 15 (Reuters) – Britain’s new finance minister Jeremy Hunt said on Saturday some taxes would go up and tough spending decisions were needed, saying Prime Minister Liz Truss had made mistakes as she battles to keep her job just over a month into her term.

In an attempt to appease financial markets that have been in turmoil for three weeks, Truss fired Kwasi Kwarteng as her chancellor of the exchequer on Friday and scrapped parts of their controversial economic package.

With opinion poll ratings dire for both the ruling Conservative Party and the prime minister personally, and many of her own lawmakers asking, not if, but how Truss should be removed, Truss is relying on Hunt to help salvage her premiership less than 40 days after taking office.

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In an article for the Sun newspaper published late on Saturday, Truss admitted the plans had gone “further and faster than the markets were expecting”.

“I’ve listened, I get it,” she wrote. “We cannot pave the way to a low-tax, high-growth economy without maintaining the confidence of the markets in our commitment to sound money.”

She said Hunt would lay out at the end of the month the plan to get national debt down “over the medium term”.

But, the speculation about her future shows no sign of diminishing, with Sunday’s newspapers rife with stories that allies of Rishi Sunak, another former finance minister who she beat to become leader last month, were plotting to force her out within weeks.

On a tour of TV and radio studios, Hunt gave a blunt assessment of the situation the country faced, saying Truss and Kwarteng had made mistakes and further changes to her plans were possible.

“We will have some very difficult decisions ahead,” he said.”The thing that people want, the markets want, the country needs now, is stability.”

The Sunday Times said Hunt would rip up more of Truss’s original package by delaying a planned cut to the basic rate of income tax as part of a desperate bid to balance the books.

According to the newspaper, Britain’s independent fiscal watchdog had said in a draft forecast there could be a 72 billion pound ($80 billion) black hole in public finances by 2027/28, worse than economists had forecast.

Truss had won the leadership contest to replace Boris Johnson on a platform of big tax cuts to stimulate growth, which Kwarteng duly announced last month. But the absence of any details of how the cuts would be funded sent the markets into meltdown.

She has already ditched plans to cut tax for high earners, and said a levy on business would increase, abandoning her proposal to keep it at current levels. But a slump in bond prices after her news conference on Friday still suggested she had not gone far enough.

‘MEETING OF MINDS’

Kwarteng’s Sept. 23 fiscal statement prompted a backlash in financial markets that was so ferocious the Bank of England (BoE) had to intervene to prevent pension funds being caught up in the chaos as borrowing costs surged.

British Prime Minister Liz Truss attends a news conference in London, Britain, October 14, 2022. Daniel Leal/Pool via REUTERS

BoE Governor Andrew Bailey said he had spoken to Hunt and they had agreed on the need to repair the public finances.

“There was a very clear and immediate meeting of minds between us about the importance of fiscal sustainability and the importance of taking measures to do that,” Bailey said in Washington on Saturday. “Of course, there was an important measure taken yesterday.”

He also warned that inflation pressures might require a bigger interest rate rise than previously thought due to the government’s huge energy subsidies for homes and businesses, and its tax cut plans.

Hunt is due to announce the government’s medium-term budget plans on Oct. 31, in what will be a key test of its ability to show it can restore its economic policy credibility.

He cautioned spending would not rise by as much as people would like and all government departments were going to have to find more efficiencies than they were planning.

“Some taxes will not be cut as quickly as people want, and some taxes will go up. So it’s going to be difficult,” he said. He met Treasury officials on Saturday and will hold talks with Truss on Sunday to go through the plans.

‘MISTAKES MADE’

Hunt, an experienced minister and viewed by many in his party as a safe pair of hands, said he agreed with Truss’s fundamental strategy of kickstarting economic growth, but he added that their approach had not worked.

“There were some mistakes made in the last few weeks. That’s why I’m sitting here. It was a mistake to cut the top rate of tax at a period when we’re asking everyone to make sacrifices,” he said.

It was also a mistake, Hunt said, to “fly blind” and produce the tax plans without allowing the independent fiscal watchdog, the Office for Budget Responsibility, to check the figures.

The fact that Hunt is Britain’s fourth finance minister in four months is testament to a political crisis that has gripped Britain since Johnson was ousted following a series of scandals.

Hunt said Truss should be judged at an election and on her performance over the next 18 months – not the last 18 days.

However, she might not get that chance. During the leadership contest, Truss won support from less than a third of Conservative lawmakers and has appointed her backers since taking office – alienating those who supported her rivals.

The appointment of Hunt, who ran to be leader himself and then backed Sunak, has been seen as a sign of her reaching out, but the move did little to placate some of her party critics.

“It’s over for her,” one Conservative lawmaker told Reuters after Friday’s events.

($1 = 0.8953 pounds)

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Reporting by Michael Holden, Alistair Smout and William Schomberg
Editing by Emelia Sithole-Matarise, Helen Popper, Ros Russell and Diane Craft

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October 15, 2022
Elon Musk says SpaceX will keep funding Starlink in Ukraine despite losing money

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Oct 15 (Reuters) – Elon Musk said on Saturday his rocket company SpaceX would continue to fund its Starlink internet service in Ukraine, citing the need for “good deeds,” a day after he said it could no longer afford to do so.

Musk tweeted: “the hell with it … even though starlink is still losing money & other companies are getting billions of taxpayer $, we’ll just keep funding ukraine govt for free”.

Musk said on Friday that SpaceX could not indefinitely fund Starlink in Ukraine. The service has helped civilians and military stay online during the war with Russia.

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Although it was not immediately clear whether Musk’s change of mind was genuine, he later appeared to indicate it was. When a Twitter user told Musk “No good deed goes unpunished”, he replied “Even so, we should still do good deeds”.

The billionaire has been in online fights with Ukrainian officials over a peace plan he put forward which Ukraine says is too generous to Russia.

He had made his Friday remarks about funding after a media report that SpaceX had asked the Pentagon to pay for the donations of Starlink.

SpaceX did not respond to a request for comment. The Pentagon declined to comment.

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Reporting by David Ljunggren, Matt Spetalnick and Caroline Stauffer; Editing by Sandra Maler

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October 15, 2022
Gunmen kill 11 at Russian army base in new blow to Moscow’s Ukraine campaign
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Ukraine official: religious dispute led to base shootings

Fighting rages in eastern Ukraine, southern Kherson region

Ukrainian forces damage administration building in Donetsk
KYIV, Oct 16 (Reuters) – Russia has opened a criminal investigation after gunmen shot dead 11 people at a military training ground near the Ukrainian border, authorities said on Sunday, as fighting raged in eastern and southern Ukraine.

Russia’s RIA news agency, citing the defence ministry, said two gunmen opened fire with small arms during a firearms training exercise on Saturday, targeting personnel who had volunteered to fight in Ukraine. RIA said the gunmen, who it referred to as “terrorists,” were shot dead.

The incident in the southwestern Belgorod region was the latest blow to Russian President Vladimir Putin’s “special military operation” in Ukraine. It came a week after a blast damaged a bridge linking mainland Russia to Crimea, the peninsula it annexed from Ukraine in 2014.

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Russia’s defence ministry said the attackers were from a former Soviet republic, without elaborating. A senior Ukrainian official, Oleksiy Arestovych, said the two men were from the mainly Muslim Central Asian republic of Tajikistan and had opened fire on the others after an argument over religion.

Reuters was not immediately able to confirm the comments by Arestovych, a prominent commentator on the war, or independently verify casualty numbers and other details.

“As a result of the incident at a shooting range in Belgorod region, 11 people died from gunshot wounds and another 15 were injured,” Russia’s Investigative Committee said, announcing the criminal investigation. It gave no other details.

Some Russian independent media outlets reported that the number of casualties was higher than the official figures.

The governor of Belgorod region, Vyacheslav Gladkov, said no local residents were among those killed or wounded.

Two witnesses later told Reuters they had seen Russian air defence systems repelling air strikes in Belgorod.

Putin said on Friday Russia should be finished calling up reservists in two weeks, promising an end to a divisive mobilisation in which hundreds of thousands of men have been summoned to fight in Ukraine and many have fled the country.

Belarusian President Alexander Lukashenko, a strong Putin ally, said last week that his troops would deploy with Russian forces near the Ukrainian border, citing what he said were threats from Ukraine and the West.

The Belarusian defence ministry in Minsk on Sunday said just under 9,000 Russian troops would be stationed in Belarus as part of a “regional grouping” of forces to protect its borders.

RUSSIAN SHELLING

Russian forces shelled Ukrainian positions on several fronts on Sunday, the General Staff of Ukraine’s Armed Forces said, with the targets including towns in Kharkiv, Donetsk and Kherson regions. Russian forces were trying to advance on Bakhmut in Donetsk region and in and around Avdiivka.

Intense fighting is taking place around Bakhmut as well as the town of Soledar, Ukrainian President Volodymyr Zelenskiy said on Sunday in his nightly video address.

FILE PHOTO – An instructor trains Russian newly-mobilised reservists at a shooting range in the course of Russia-Ukraine conflict in the Donetsk region, Russian-controlled Ukraine, October 10, 2022. REUTERS/Alexander Ermochenko

“The key hot spots in Donbas are Soledar and Bakhmut,” Zelenskiy said. “Very heavy fighting is going on there.”

Bakhmut has been the next target of Russia’s armed forces in their slow move through the Donetsk region since taking the key industrial towns of Lysychansk and Sievierodonetsk in June and July. Soledar is located just north of Bakhmut.

Fighting has been particularly intense this weekend in the Donetsk and Luhansk regions, and the strategically important Kherson province in the south, three of the four provinces Putin proclaimed as part of Russia last month.

Shelling by Ukrainian forces damaged the administration building in the city Donetsk, capital of the Donetsk region, the head of its Russian-backed administration said on Sunday.

“It was a direct hit, the building is seriously damaged. It is a miracle nobody was killed,” said Alexei Kulemzin, surveying the wreckage, adding that all city services were still working.

There was no immediate reaction from Ukraine to the attack on Donetsk city, which was annexed by Russian-backed separatists in 2014 along with swathes of the eastern Donbas region.

Russia’s defence ministry said on Sunday its forces had repelled efforts by Ukrainian troops to advance in the Donetsk, Kherson and Mykolaiv regions, inflicting what it described as significant losses.

Russia also said it was continuing air strikes on military and energy targets in Ukraine, using long-range precision-guided weapons.

Reuters was unable to independently verify the battlefield reports.

In the city of Mykolaiv, residents queued on Sunday – as they do every day – to fill water bottles at a distribution point after supplies were severed by fighting early in the war.

“This is not war, this is a war crime. War is when soldiers fight with each other, but when civilians are being fought, it’s a war crime,” said Vadym Antonyuk, a 51-year-old sales manager, as he stood in line.

A spokeswoman for Ukraine’s Southern Military Command said Russian forces were suffering severe shortages of equipment including ammunition as a result of the damage inflicted last weekend on the Crimea Bridge.

“Almost 75% (of Russian military supplies in southern Ukraine) came across that bridge,” Natalia Humeniuk told Ukrainian television, adding that strong winds had also now stopped ferries in the area.

“Now even the sea is on our side,” Humeniuk said.

Putin blamed Ukrainian security services for the bridge blast and last Monday, in retaliation, ordered the biggest aerial offensive against Ukrainian cities, including the capital Kyiv, since the start of Russia’s invasion on Feb. 24.

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Reporting by Reuters bureaux; Writing by David Ljunggren, Matt Spetalnick, Gareth Jones and James Oliphant; editing by Michael Perry, Tomasz Janowski, Will Dunham and Nick Macfie

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October 15, 2022
UK police charge two women after soup thrown at van Gogh’s ‘Sunflowers’

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LONDON, Oct 15 (Reuters) – Two women have been charged with criminal damage after climate change protesters threw soup over Vincent van Gogh’s painting “Sunflowers” at London’s National Gallery, British police said on Saturday.

A video posted by the Just Stop Oil campaign group, which has been holding protests for the last two weeks in the British capital, showed two of its activists on Friday throwing tins of Heinz tomato soup over the painting, one of five versions on display in museums and galleries around the world.

The gallery said the incident had caused minor damage to the frame but the painting was unharmed. It later went back on display.

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Police said two women, aged 21 and 20, would appear later at Westminster Magistrates’ Court charged with “criminal damage to the frame of van Gogh’s Sunflowers painting”.

Another activist will also appear in court accused of damaging the sign outside the New Scotland Yard police headquarters in central London.

Police said in total 28 people had been arrested during protests on Friday.

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Reporting by Michael Holden; Editing by Emelia Sithole-Matarise

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October 15, 2022
Ukraine troops hold key town, Russia fires more missiles, Zelenskiy says

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Oct 15 (Reuters) – Ukrainian troops are still holding the strategic eastern town of Bakhmut despite repeated Russian attacks while the situation in the Donbas region remains very difficult, President Volodymyr Zelenskiy said on Saturday.

Zelenskiy, speaking in an evening address, also said Russian missiles and drones had continued to hit Ukrainian cities, causing destruction and casualties.

Although Ukrainian troops have recaptured thousands of square kilometres (miles) of land in recent offensives in the east and south, officials say progress is likely to slow once Kyiv’s forces meet more determined resistance.

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Fighting is particularly intense in the eastern Donetsk and Luhansk provinces bordering Russia. Together they make up the larger industrial Donbas, which Moscow has yet to fully capture.

Russian forces have repeatedly tried to seize Bakhmut, which sits on a main road leading to the cities of Sloviansk and Kramatorsk. Both are situated in the Donetsk region.

“Active fighting continues in various areas of the front. A very difficult situation persists in the Donetsk region and Luhansk region,” Zelenskiy said.

“The most difficult (situation) is in the direction of Bakhmut, as in previous days. We are holding our positions.”

Separately, the Ukrainian armed forces’ general staff said in a Facebook post that troops had on Saturday repelled a total of 11 separate Russian attacks near Kramatorsk, Bakhmut and the town of Avdiivka, just to the north of Donetsk.

Zelenskiy said Russian forces, which rained cruise missiles on several Ukrainian cities on Monday, had hit targets in seven regions over the last two days.

“Some of the missiles and drones were shot down but unfortunately, not all of them. Unfortunately, there is destruction and casualties,” he said. Kyiv said on Friday that it expected the United States and Germany to deliver sophisticated anti-aircraft systems this month.

Zelenskiy also said almost 65,000 Russians had been killed so far since the Feb. 24 invasion, a figure far higher than Moscow’s official Sept. 21 estimate of 5,937 dead. In August the Pentagon said Russia has suffered between 70,000 and 80,000 casualties, either killed or wounded.

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Reporting by David Ljunggren; editing by Grant McCool

Our Standards: The Thomson Reuters Trust Principles.

David Ljunggren

Thomson Reuters

Covers Canadian political, economic and general news as well as breaking news across North America, previously based in London and Moscow and a winner of Reuters’ Treasury scoop of the year.

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October 15, 2022
Germany’s Scholz calls for bigger European Union

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BERLIN, Oct 15 (Reuters) – German Chancellor Olaf Scholz on Saturday called for an expanded European Union, telling a gathering of European social democrats that it would then be able to better pull its weight in global affairs.

Since assuming office, Scholz has made European Union expansion to include the Balkans and others nations a major plank of his foreign policy. It has taken on more urgency since Russia’s invasion of Ukraine, which became a candidate for EU membership early this summer.

“An EU with 27, 30, 36 states, with then more than 500 million free and equal citizens, can bring its weight to bear even more strongly in the world,” Scholz said at the congress.

The EU currently has 27 members.

“I am committed to the enlargement of the EU. That the EU continues to grow eastward is a win-win for all of us,” he said.

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Reporting by Andreas Rinke; writing by Tom Sims, editing by William Maclean

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October 15, 2022
Turkey summons Swedish envoy over ‘insulting content’ about Erdogan on TV -Anadolu

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ISTANBUL, Oct 5 (Reuters) – NATO member Turkey summoned the Swedish ambassador over “insulting content” about President Tayyip Erdogan aired on Swedish public service television, Turkey’s state-owned Anadolu Agency said on Wednesday.

Sweden and Finland applied for membership in NATO earlier this year following Russia’s invasion of Ukraine. So far 28 of the current 30 member states’ parliaments have approved the application, but Turkey has raised objections.

Summoned to Turkey’s foreign ministry, Swedish Ambassador Staffan Herrstrom was told that the “impertinent and ugly expression and images” about Erdogan and Turkey were unacceptable, according to Anadolu.

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The move came as a Swedish delegation was expected in Ankara to discuss details about the extradition of people Turkey regards as terrorists, which Ankara says is a condition to approve Sweden and Finland’s bids to join NATO.

Swedish Prime Minister Magdalena Andersson played down the importance of the satirical TV show over which Ankara protested, and said she did not think it would harm Sweden’s chances to join NATO.

“I think what is important for Turkey is, of course, that we live up to the agreement that we have made,” she told a news conference.

The weekly TV satire “Swedish News”, which routinely makes fun of Swedish and international politicians, mocked Erdogan over alleged human rights abuses and ended the segment by shouting, “Long live democracy!”

The comic news show has drawn criticism from foreign authorities in the past, with the Chinese embassy in Stockholm demanding an apology in 2018 for what it maintained was a racist portrayal of Chinese citizens.

Swedish public service television is tax-funded but operates independently in day-to-day operations.

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Reporting by Ali Kucukgocmen and Ece Toksabay in Istanbul, additional reporting by Anna Ringstrom and Johan Ahlander in Stockholm; Editing by Jonathan Spicer and Mark Heinrich

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October 5, 2022
Biden disappointed by ‘shortsighted’ OPEC+ cut, more SPR releases possible

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WASHINGTON, Oct 5 (Reuters) – President Joe Biden called on his administration and Congress to explore ways to boost U.S. energy production and reduce OPEC’s control over energy prices after the cartel’s “shortsighted” production cut, the White House said on Wednesday.

The Saudi Arabia-led OPEC+ cartel at a Vienna meeting on Wednesday ignored pleas from the White House to keep oil flowing and agreed to cut output by 2 million barrels per day, its deepest cuts in production since the 2020 COVID-19 pandemic.

The move drew a sharp response from Biden that underscores the growing rift between the United States and Saudi Arabia on energy policy.

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“The President is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of (Russian President Vladimir) Putin’s invasion of Ukraine,” national security adviser Jake Sullivan and National Economic Council Director Brian Deese said in a statement.

Biden warned that he will now continue to direct releases from the nation’s Strategic Petroleum Reserve “as necessary,” a shift from the White House’s previous comments that it would end the drawdown in the coming weeks.

Earlier this year, the Biden administration announced the largest sale ever from the reserve: 180 million barrels for six months beginning in May. Last month it extended that historic sale into November as only about 155 million barrels had been sold. It now aims to sell 165 million through November.

As a result, the amount of oil in the reserve has fallen to the lowest level since July 1984. It now holds about 416 million barrels of oil, well above what the United States is required by its membership in the International Energy Agency, at sites on the Texas and Louisiana coasts.

Rising oil and fuel prices are a risk to Biden’s fellow Democrats as they seek to keep control of Congress in the Nov. 8 midterm elections.

Biden also pledged to consult with Congress on additional tools to cut OPEC’s control over energy prices, a potential reference to a decades-long effort to open the cartel to antitrust lawsuits for orchestrating supply cuts.

The so-called NOPEC bill, which has brought up numerous times over the past 20 years but never enacted, easily passed a Senate committee in May.

The White House has previously expressed concerns about unintended consequences of the bill.

The White House is also worried about the cut cementing Saudi Arabia’s closer cooperation with Russia, also a member of OPEC+, as oil revenues fund Moscow’s war machine in Ukraine.

“Look it’s clear that OPEC Plus is aligning with Russia with today’s announcement,” White House spokesperson Karine-Jean Pierre told reporters aboard Air Force One on Wednesday.

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Reporting by Susan Heavey and Jarrett Renshaw; editing by Tim Ahmann and David Gregorio

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October 5, 2022
Iranian-made drones hit Ukraine’s Kyiv region for first time- officials

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BILA TSERKVA/KYIV, Oct 5 (Reuters) – Dozens of firefighters rushed to douse blazes on Wednesday in a town near Ukraine’s capital Kyiv following multiple strikes caused by what local officials said were Iranian-made loitering munitions, often known as ‘kamikaze drones’.

Six drones hit a building overnight in Bila Tserkva, around 75 km (45 miles) south of the capital, said the governor of the Kyiv region, Oleksiy Kuleba.

Ukraine has reported a spate of Russian attacks with Iranian-made Shahed-136 drones in the last three weeks, but the strike on Bila Tserkva was by far the closest to Kyiv.

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Iran denies supplying the drones to Russia, while the Kremlin has not commented.

“There was a roaring noise, a piercing sound. I heard the first strike, the second I saw and heard. There was a roar and then ‘boom’ followed by an explosion,” said 80-year-old Volodymyr, who lives across the street from the stricken building.

Other residents told Reuters they heard four explosions in quick succession, followed by another two over an hour later.

Ukrainian forces appear to have been caught on the back foot by the drones, which Kyiv says Moscow started using on the battlefield in September.

Speaking on television on Wednesday, Ukrainian air force spokesman Yuriy Ihnat said the drones were launched from occupied areas in southern Ukraine, and that six further drones had been shot down before reaching their target.

“This is a new threat for all the defence forces (of Ukraine), and we need to use all available means to try to counter it,” Ihnat said, comparing the drone’s small size to an artillery shell.

The attacks left locals in Bila Tserkva shaken and seeking cover when subsequent air raid sirens sounded.

“It is beyond me what those Russians think. I do not know when we will manage to chase them from our territory. It is just tears and heartache for my Ukraine. That’s all I can say,” said 74-year-old Lyudmyla Rachevska.

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Reporting by Felix Hoske in Bila Tserkva and Max Hunder in Kyiv, writing by Max Hunder
Editing by Gareth Jones

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October 5, 2022
Ruminating on rebellion, Putin says the state must be strong

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LONDON, Oct 5 (Reuters) – President Vladimir Putin on Wednesday questioned a Russian teacher at length about an 18th century rebellion which shook Empress Catherine the Great’s Russia, offering his own view on the lesson from history: the state must be strong.

Putin, Russia’s paramount leader since 1999, is facing the most serious challenge of his rule as his forces lose ground in their seven-month war in Ukraine while Russia confronts the West in the most dangerous standoff since the Cuban Missile Crisis of 1962.

In a long televised video conference with a group of award-winning teachers, Putin unexpectedly began grilling one of them about the 1773-1775 Pugachev Rebellion.

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“What was it, this Pugachev Rebellion? Why did it happen? What is your view?” Putin asked the startled teacher, who gave several reasons for the most serious domestic challenge of Catherine’s 34-year reign.

Putin quipped that the teacher’s answer was like that of a diplomat from the Russian foreign ministry, and asked again for a clear view about the causes and result of the rebellion led by Cossack Yemelyan Pugachev, who pretended to be Tsar Peter III.

Russian President Vladimir Putin chairs a meeting via video link in Sochi, Russia September 27, 2022. Sputnik/Gavriil Grigorov/Pool via REUTERS

“He imagined himself the tsar,” Putin said of Pugachev who, buoyed by rumours of dynastic intrigue at court, fanned a major insurgency in 1773 before he was finally defeated by Catherine’s forces more than a year and a half later.

“Basically it was an element of the weakness of central authority in the country,” Putin said.

Putin has repeatedly tried to strengthen the Russian state after the chaos of the 1990s, though critics such as jailed opposition leader Alexei Navalny say the Kremlin chief has made a brittle system of personal rule that is reliant on sycophancy.

The Kremlin chief has warned repeatedly against what he casts as U.S. attempts to foment revolution across the former Soviet Union.

Pugachev was executed in public in January 1775 on Moscow’s Red Square. But the revolt had a lasting influence on Catherine and was used as the canvas for Alexander Pushkin’s historical novel “The Captain’s Daughter”.

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Reporting by Guy Faulconbridge; Editing by Mark Trevelyan

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October 5, 2022
Swiss National Bank monitoring Credit Suisse situation – Maechler

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ZURICH, Oct 5 (Reuters) – The Swiss National Bank (SNB) is following the situation at Credit Suisse (CSGN.S) closely, SNB Governing Board member Andrea Maechler told Reuters on Wednesday.

Switzerland’s second-biggest bank saw its shares slide by as much as 11.5% and its bonds hit record lows on Monday, before clawing back some of the losses, amid concerns about its ability to restructure its business without asking investors for more money. read more

“We are monitoring the situation,” Maechler said on the sidelines of an event in Zurich. “They are working on a strategy due to come out at the end of October.”

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The SNB has declined to comment in the past about Credit Suisse, which has said it has a strong capital base and liquidity. It is due to announce details of a restructuring plan along with third-quarter results on Oct. 27.

In July, Credit Suisse announced its second strategy review in a year and replaced its chief executive, bringing in restructuring expert Ulrich Koerner to prune its investment banking arm and cut more than $1 billion in costs. read more

The bank is considering measures to scale back its investment bank into a “capital-light, advisory-led” business, and is evaluating strategic options for the securitised products business, Credit Suisse has said.

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Reporting by John Revill
Editing by Michael Shields and Mark Potter

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October 5, 2022
Kremlin says annexation and retreat are not a contradiction amid Ukrainian successes
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Putin signs annexation documents

Russian forces battle counter-offensive

Putin appoints officials to run regions

Kremlin: the territories will be returned
LONDON, Oct 5 (Reuters) – As President Vladimir Putin completed paperwork for the annexation of four regions of Ukraine on Wednesday, the Kremlin said there was no contradiction between Russian retreats and Putin’s vow that they would always be part of Russia.

In the biggest expansion of Russian territory in at least half a century, Putin signed laws admitting the Donetsk People’s Republic (DPR), the Luhansk People’s Republic (LNR), Kherson region and Zaporizhzhia region into Russia.

The conclusion of the legalities of the annexation of up to 18% of Ukrainian territory came as Russian forces battled to halt Ukrainian counter-offensives within it, especially north of Kherson and west of Luhansk.

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Asked if there was a contradiction between Putin’s rhetoric and the reality of retreat on the ground, Kremlin spokesman Dmitry Peskov said: “There is no contradiction whatsoever. They will be with Russia forever and they will be returned.”

The wording of the laws is unclear about what exact borders Russia is claiming for the annexed territories and Peskov declined to give clear guidance.

“Certain territories will still be returned and we will continue to consult with the population that expresses a desire to live with Russia,” Peskov said.

The contrast between a set of defeats on the battlefield and lofty language from the Kremlin about Russia’s might have raised concerns within the Russian elite about the conduct of the war.

Such is the depth of feeling over the retreats that two Putin allies publicly scolded the military top brass about the failings.

ANNEXATION

Russia declared the annexations after holding what it called referendums in occupied areas of Ukraine. Western governments and Kyiv said the votes breached international law and were coercive and non-representative.

More than seven months into a war that has killed tens of thousands and triggered the biggest confrontation with the West since the 1962 Cuban Missile crisis, Russia’s most basic aims are still not achieved.

The areas that are being annexed are not all under control of Russian forces and Ukrainian forces have recently driven them back.

Together with Crimea, which Russia annexed in 2014, Putin’s total claim amounts to more than 22% of Ukrainian territory, though the exact borders of the four regions he is annexing are still yet to be finally clarified.

Moscow, which recognised Ukraine’s post-Soviet borders in the 1994 Budapest Memorandum, will never give the regions back, Putin said on Friday at a grand Kremlin treaty-signing ceremony which brought the partially controlled regions into Russia.

Russia’s parliament said people living in the annexed regions would be granted Russian passports, the Russian Central Bank would oversee financial stability and the Russian rouble would be the official currency.

In justifying the Feb. 24 invasion, Putin said that Russian speakers in Ukraine had been persecuted by Ukraine which, he said, the West was trying to use to undermine Russian security.

Ukraine and its Western backers say that Putin has no justification for what they say is an imperial-style land grab. Kyiv denies Russian speakers were persecuted.

Now Putin casts the war as a battle for Russia’s survival against the United States and its allies, which he says want to destroy Russia and grab its vast natural resources.

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Reporting by Reuters; Editing by Guy Faulconbridge and Philippa Fletcher

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October 5, 2022
OPEC+ JMMC agrees oil output cuts of 2 mln bpd – sources

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LONDON, Oct 5 (Reuters) – OPEC+ key ministers, known as the joint ministerial monitoring committee, has agreed oil production cuts of 2 million barrels per day, three OPEC+ sources said.

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Reporting by OPEC Newsroom; editing by David Evans

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October 5, 2022