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T he US is "actively examining" new sanctions that would force Russia to default on its foreign debts, Treasury Secretary Janet Yellen has told senators.
The Office for Foreign Asset Control is mulling dropping an exemption that has allowed Moscow to keep making payments on its international bonds, she said.
Russia is due to make several payments on its bonds on May 27, but the temporary exemption granted by the US will lapse two days before, meaning it may automatically default unless the US acts.
"We want to make sure that we understand what the potential consequences and spillovers would be of allowing the licence to expire. And we have not yet made a decision," Ms Yellen told the Senate Committee on Banking.
Russia narrowly swerved its first default in a century last week after it tapped its limited foreign currency reverses to make $650m of overdue payments across two bonds.
T hank you for following us today, we will see you back here tomorrow! Before you go, check out the latest from our business reporters:
- Rise of EVs risks wave of 'catastrophic' shipping fires
- Tens of thousands of NatWest customers charged twice in Visa card glitch
- Nigel Farage beat Piers Morgan's flagship show for the first time since its launch
- Top City firm introduces training courses on menopause to boost support for women
- 'Anti-woke' fund takes on 'ideological cartel' of BlackRock and Vanguard
WHO calls on China to review zero-Covid strategy
W orld Health Organisation Director-General Tedros Adhanom Ghebreyesus called on China to rethink its so-called zero-Covid strategy, saying the approach no longer makes sense as the omicron variant spreads through populations and the country's economy suffers.
"We don't think that it is sustainable, considering the behavior of the virus now and what we anticipate in the future," Tedros said in a briefing adding that a "shift would be very important."
Tedros's comments mark a rare instance of the WHO chief challenging a member state's domestic Covid policies. Early in the pandemic, he faced criticism that he was too deferential to China, where the virus first emerged.
President Xi Jinping has clung to China's tough Covid strategy, tightening pandemic restrictions in Shanghai and expanding a mass testing sweep in Beijing. Officials are chasing the elusive goal of wiping out Covid cases in the community despite a growing cost to the economy and as much of the rest of the world opens up.
Apple to discontinue iPods
A pple's iPod, a groundbreaking device that upended the music and electronics industries more than two decades ago, is no more.
The company has announced it would discontinue the iPod Touch, the last remnant of a product line that first went on sale in October 2001. The touch-screen model, which launched in 2007, will remain on sale until supplies run out.
Apple released dozens of versions of the iPod over the years, but the product was gradually eclipsed by its other devices, especially the iPhone. That led the company to begin phasing out models in 2014. At the time, the company stopped making the iPod classic, a version with a click wheel and small screen that was most similar to the original version. In 2017, Apple stopped making its smallest music players, the iPod Nano and iPod Shuffle.
FTSE 100 regains some ground
A fter briefly looking like it might recover a large part of the ground lost on a tough Monday, the FTSE 100 has closed up modestly.
The City’s top index gained 0.4pc ending at 7,243 after trading as high as 7,311 earlier in the day. It made up some lost ground, but it is still around 150 points off where it started the week after dropping 2.3pc yesterday.
“European markets have seen a modest rebound from yesterday’s two-month lows, after the carnage of the last three days, as investors look for signs of a possible base,” said CMC Markets analyst Michael Hewson.
“Today’s rebound has been led by some of the more beaten down areas of the market, with Melrose Industries doing well after hitting one-year lows yesterday.
“It is also notable that while we are seeing some decent gains today, consumer staples are still lagging the wider market, showing that investors remain concerned about consumption trends, and the effect higher inflation will have on consumer spending patterns.”
T hat’s all from me today – thanks for following! Giulia Bottaro will take over from here.
US considers pushing Russia into default
H ere’s more on Russia’s potential debt default from Louis Ashworth :
Around half of Vladimir Putin's $640bn overseas currency war chest was frozen by the West at the start of the conflict, meaning it has a limited pool from which to make payment to lenders.
Ms Yellen – former chair of the US Federal Reserve – said the US Treasury would make an announcement on its plans "shortly", adding officials are "actively involved in an evaluation of the risks and impact of not renewing the licence".
"We would certainly announce if we intend to allow it to expire," she said.
Such a default is likely to spark a pushback from Russia, which will try to claim it was engineered by the West and not a reflection of its conduct as a borrower.
Extending the exemption would likely mean Western bondholders continue to receive payments, and force the Kremlin to continue to drain its reserves.
Timothy Ash, a emerging markets strategist at BlueBay Asset Management, said a default "would impose a significant and long running cost on the Russian economy".
UK proposes minimum wage for seafarers in its ports
F erries sailing regularly in and out of UK ports will be required to pay their employees the equivalent of the country’s minimum wage, the Government has confirmed.
The Department for Transport said new laws, if passed, would protect tens of thousands of seafarers and crack down on companies who refuse to comply.
It said: “The new legislation will ban ferries that don’t pay their workers the equivalent minimum wage from docking at UK ports,” it said in a statement.
It comes after P&O Ferries sacked 800 of its workers overnight in March to replace them with outsourced, foreign workers paid well below the minimum wage.
Bitcoin breaks five-day slide after falling below $30,000
B itcoin has rebounded from its tumble below $30,000 as the sell-off across global markets eased.
The world’s largest digital token broke a five-day slide that had cut its price by more than a fifth. Bitcoin gained as much as 5.4pc today before easing back to just over $31,000.
Smaller cryptocurrencies including Ether also gained ground.
It came amid a broader recovery in equities across the US and Europe as investors bought the dip following days of selling.
Linklaters to offer menopause training to staff
S enior lawyers at a top City law firm will take training courses on the menopause in an effort to boost awareness of female health issues, writes Simon Foy .
Linklaters, a member of London's elite "magic circle" group, said those with management and supervisory responsibilities at the firm will be required to take an online module to "facilitate open discussions" about the menopause and encourage people to share their own experiences.
The firm's health insurance policy will also be expanded to cover specialist consultations for conditions relating to the menopause and employees will also be given access to Peppy Health, an app that provides online menopause support in the UK.
It comes as companies in the Square Mile attempt to fight off accusations that they have an overly macho culture and are failing to promote enough women to senior positions.
Last year, Citigroup, the Wall Street banking giant, introduced miscarriage and menopause leave for its UK staff.
City law firms are also offering new perks and benefits as they attempt to attract and maintain top talent amid a period of high turnover, with some leaving the profession altogether due to burnout and exhaustion.
Fellow "magic circle" firm Freshfields Bruckhaus Deringer announced in January that it will offer its employees up to $60,000 (£44.500) for fertility treatment, including IVF, sperm and egg freezing and surrogacy.
Boris Johnson hints at more cost-of-living support
B oris Johnson has hinted that the Government will unveil more help for voters struggling during the current cost-of-living crisis.
Speaking in Parliament, the Prime Minister said:
We will continue to use all our ingenuity and compassion for as long as it takes. My Right Honourable friend the Chancellor [Rishi Sunak] and I will be saying more about this in the days to come.
NatWest glitch pushes customers into their overdraft
N atWest customers have complained of being pushed into their overdraft after the bank confirmed a payments glitch had caused some accounts to be accidentally charged twice.
Patrick Mulholland has the story:
A number of customers said that the error, which showed some Visa debit card purchases twice, has decreased their balance and erroneously pushed them into their overdraft as the bank battles to rectify the issue.
A notification sent to customers on the bank's app said on Tuesday: “Some customer accounts are showing debit card purchases twice, and in certain cases their available balance will be lower than it should, we’re really sorry for any inconvenience."
The issue has persisted since at least the early hours this morning, with NatWest responding to frustrated customers over Twitter that their team is "working hard on a fix”, but could not advise further on a timescale for when the problem would be resolved.
One user tweeted: "I was already struggling with money this week and now I've woken up and most of my transactions have been duplicated. Now I'm in minus figures!"
Another added: "@NatWest_Help I’ve had my transactions duplicated which has put me in overdraft and I will have fees if I don’t supposedly sort it by 3pm today. I didn’t make any same payment twice?"
A NatWest spokesman said customers would not incur fees as a result of the mistake.
BA boss to overhaul management after cancellations
T he boss of British Airways is said to have launched an overhaul of the airline’s key management roles following a string of IT failures and flight cancellations.
Chief executive Sean Doyle has put new executives in charge of its operations, technology and customer services, the Financial Times reports.
It comes as BA grapples with staff shortages that have forced it to cancel 10pc of its flight schedules between March and October – equivalent to 8,000 round trips.
While rivals including easyJet have also struggled with shortages, BA has had its own issues with a string of IT meltdowns and complaints about its customer service.
Wall Street opens higher after sell-off
W all Street has started trading on the front foot as investors bought the dip following three days of selling.
The tech-heavy Nasdaq led gains with a jump of 2.4pc. The S&P 500 was up 1.1pc, while the Dow Jones rose 0.8pc.
BMW plots 30pc battery price drop to take on Tesla
B MW will switch to the next generation of lower-cost batteries for its new electric vehicle platform as it looks to take on Tesla amid rising prices for raw materials.
The world’s biggest luxury car maker will use round cells instead of prismatic ones, following in the footsteps of Elon Musk’s company. The change will help to slash costs by 30pc, Bloomberg reports.
Cell usually make up four-fifths of the price of a battery pack and improving technology and efficiency have helped to reduce costs.
However, the surging cost of raw materials such as lithium and nickel have put pressure on prices and risk hampering brands’ efforts to sell EVs for a similar margin to traditional cars.
'Anti-woke' investment fund will shun companies making political statements
A US health and technology entrepreneur has raised $20m (£16.2m) to launch an "anti-woke" investment fund that will urge companies to focus on making money rather than championing political causes.
Simon Foy has more:
Vivek Ramaswamy, the author Woke Inc who made his fortune investing in pharmaceutical companies, has won the backing of hedge fund manager Bill Ackman and billionaire tech entrepreneur Peter Thiel to launch the new venture, which is called Strive.
Mr Ramaswamy said Strive will only invest in companies that focus on maximising profits and shun those that espouse political beliefs.
The 36-year-old called his approach "excellence capitalism", saying companies should only be concerned with making money, and hit out at the creeping liberalism from what he dubbed the "ideological cartel" of BlackRock, Vanguard and other major money managers.
Mr Ramaswamy told the Wall Street Journal: "We will tell oil companies to be excellent oil companies and coal companies to be excellent coal companies and solar companies to be excellent solar companies."
Russia hacked Viasat, say UK and EU
H ere’s some more detail on the Russian cyber attack, courtesy of my colleague Gareth Corfield :
The attack consisted of a malicious software update sent by Russian military intelligence to customer terminals for Viasat's KA-SAT satellite.
Tens of thousands of terminals were damaged by the Russians' efforts to force the satellite offline, said the FCDO. It is understood the terminals need to be returned to Viasat to be reprogrammed for normal use.
Viasat's satellite service is used by businesses for general internet connectivity and for monitoring internet-connected industrial systems.
Cyber security company SentinelOne said in a March analysis that 5,800 turbines in Germany all vanished offline at the same time in late February, the first indication that something was amiss.
The UK has sanctioned the GRU after their appalling actions in Salisbury. Previous UK sanctions froze around £940bn worth of bank assets and £117bn in personal net worth of oligarchs and their family members, who the government says both fund and support Putin's war machine.
US stocks set to rebound after three-day slump
W all Street is set to follow the FTSE 100 higher this afternoon as investors snap up beaten-down stocks after three days of selling.
The three main indices fell sharply yesterday amid growing fears about inflation, the war in Ukraine and Covid lockdowns in China.
But tech giants Apple, Amazon, Google owner Alphabet, Meta, Microsoft and Tesla all rose between 1.2pc and 2.5pc in pre-market trading.
This pushed futures tracking the tech-heavy Nasdaq up 1.5pc. The S&P 500 jumped 1pc, while the Dow Jones was set to gain 0.9pc.
Peloton slumps on hefty loss
P eloton has crashed as much as 20pc in pre-market trading after it reported a deeper loss than expected and cut its revenue guidance.
The fitness company posted a net loss of $757.1m (£613m) in its third quarter – far deeper than estimates of $132.1m. Revenue of $964.3m also missed expectations.
Peloton also said it had signed a deal with JP Morgan and Goldman Sachs to borrow $750m in five-year term debt.
The results highlight the struggles of the lockdown darling to turn itself around, despite a shake-up earlier this year.
In February, co-founder John Foley was ousted as chief executive after sales slowed and Peloton struggled to manage its production.
Energy price cap to be extended
T he Government will extend the energy price cap beyond 2023 in an effort to help British households cope with surging costs.
The measure, announced in the Queen's Speech, forms part of a new Energy Security Bill aimed at setting the path to net zero emissions while keeping energy costs affordable.
Prince Charles, who delivered the speech in place of the Queen, said: "Protecting consumers from unfair pricing, the energy price cap is the best safety net for millions, preventing suppliers from overcharging consumers."
The cap, introduced in 2019, was intended to be temporary and only stay in place until 2023 at the latest. The reforms mean it could become a more permanent part of the market.
It comes after British Gas owner Centrica said its profits will hit the top end of its previous forecasts. There have been growing calls for a windfall tax on energy firms, which have cashed in on surging oil and gas prices.
EU looks to solar panels as it weans itself off Russian energy
T he EU is said to be plotting a large-scale rollout of solar energy and hopes to rebuild Europe’s solar manufacturing industry as part of efforts to wean the continent off Russian supplies.
In a draft document seen by Reuters, the European Commission said: “Solar electricity and heat are key for phasing out EU’s dependence on Russian natural gas.”
Solar photovoltaics (PV) costs have plunged by more than 80pc over the last decade, but the technology produced only 5pc of EU electricity in 2020. Solar’s share in heat production was even lower, at 1.5pc.
According to the draft, the EU would launch a “European Solar Rooftops Initiative” to help cut gas-fuelled power and heating in homes, offices, shops and factories.
The scheme would require the EU and national governments to take action this year to limit permitting times to three months for rooftop installations. It would push countries to use EU funding and launch support programmes for rooftop panels, and install solar energy in all suitable public buildings by 2025.
Sony struggles to make enough PlayStations amid supply woes
S ony is facing fresh challenges in its key video games division as parts shortages and supply chain disruptions hamper production of its flagship PlayStation 5.
The Tokyo-based firm sold 11.5m units of the console in the year to March and said it was aiming to sell roughly 18m in the year ahead. Both figures are behind initial targets of 14.8m and 22.6m units respectively.
Hiroki Totoki, Sony’s chief financial officer, said the lower target for the current year stems from supply chain complications because of the pandemic, including lockdowns in China.
The city of Shanghai – a key center for tech production – has largely been under lockdown since the beginning of April.
It came as Sony reported operating profit for the fourth fiscal quarter that fell short of analyst estimates and projected earnings for the current fiscal year that were also less than projected.
The company said it would buy back as much as 200bn yen (£1.3bn) of its own shares, which could bolster the stock.
EU prepares joint debt issue to finance Ukraine
T he EU is said to be considering a new joint debt issuance to cover Ukraine’s liquidity gap of €15bn (£12.9bn) over the next three months.
If agreed, the joint borrowing could be based on the EU’s SURE scheme for financing unemployment benefits during the pandemic, Reuters reports.
This would mean that Ukraine would get very cheap loans from the bloc, and EU governments would need to provide guarantees that the joint borrowing would be repaid.
According to the report, the EU expects that the US would join the effort and provide around €5bn, which would leave the bloc to raise the remaining €10bn.
German investor confidence steadies
I nvestor confidence in Germany has improved this morning, but remains deeply negative as the Ukraine war darkens the outlook for Europe’s largest economy.
The ZEW institute’s gauge of expectations rose to -34.3 in May from -41 last month, defying forecasts of a third straight deterioration. An index of current conditions worsened.
Achim Wambach, ZEW President, said the outlook was “slightly less pessimistic”, adding: “The experts still assume that it will continue to deteriorate, but at a lower pace than expected before.”
Germany’s economy has been left reeling by the war, in part because of its high dependence on the Kremlin’s energy imports. Supply issues and shortages are also dented its key manufacturing sector.
Aviva chief executive told she is ‘not the man for the job’
I CYMI – The chairman of Aviva said he was “flabbergasted” after female board members suffered a torrent of sexist abuse at the company’s annual general meeting.
Giulia Bottaro has more on the story:
George Culmer hit out at "simply inappropriate" comments by shareholders including one investor who said that Amanda Blanc, chief executive, is "not the man for the job". He said that her speech did not match with Aviva's share price performance over the past decade.
Another individual shareholder, Michael Mason-Mahon, asked whether Ms Blanc should be "wearing trousers" as he mentioned some of her predecessors.
Ted O'Toole, also a small investor, expressed appreciation for the gender diversity at the board, as women account for almost half of the top directors, and said: "They are so good at basic housekeeping activities, I'm sure this will be reflected in the direction of the board in future."
Mr Culmer said: "I'm not going to say thank you to everyone for your comments, because I think there were some comments in that session that were simply inappropriate and I do not expect and would [not] want to hear at any future AGM. I'm flabbergasted, to be honest."
Pound slips ahead of Queen’s Speech
S terling edged lower again against both the dollar and euro as investors turn their attention to the Queen’s Speech.
Traders will have a close eye on the speech, which will be read by Prince Charles, for details of the Government’s agenda for the next parliamentary session.
There’s also a focus on Brexit risks amid reports the UK is preparing to scrap parts of the Northern Ireland protocol.
The pound slipped 0.1pc against the dollar to $1.2325. Against the euro, it was also down 0.1pc at 85.74p.
Ukraine’s central bank stocks up on war bonds
U kraine’s central bank has it’s increased its portfolio of domestic war bonds to 100bn hryvnias (£2.7bn) after buying a further 30bn to help the government finance the budget amid the war with Russia.
It said in a statement: “Given the significant defence, humanitarian and social needs, the support of the budget by the National Bank remains a necessary measure in the context of the war unleashed by Russia.”
Ukraine’s finance minister said tax revenues covered only 54pc of budget expenditures.
Macron to pressure Orban over Russian oil sanctions
E mmanuel Macron is set to pressure Hungary’s President Viktor Orban over the proposed EU sanctions on Russian oil imports.
The French President will take part in a video call today with Mr Orban, European Commission President Ursula von der Leyen and the heads of countries neighboring Hungary.
The EU's sixth sanctions package would ban crude oil shipments over the next six months and refined fuels by early January, but Hungary has threatened to veto the measures due to its reliance on Russian energy imports.
Ms von der Leyen earlier said the EU had made progress in talks over the measures Monday but failed to reach a breakthrough.
Gas prices extend losses despite Russia risk
N atural gas prices are heading for their third day of declines as warm weather and stable supplies keep prices in check despite persistent jitters over Russian flows.
Benchmark European prices dropped to a three-week low amid steady imports of liquefied natural gas and milder weather across the region.
Muted demand in Asia as China lockdowns wreak havoc on the economy is also pulling down prices.
Still, Russia’s demand for gas payments in roubles is still hanging over the market. Poland and Bulgaria have already been cut off, while most payment deadlines for other countries fall later this month.
Heathrow warns of 'significant' challenges ahead
H eathrow has boosted its passenger forecasts but warned of “significant challenges ahead” amid a faltering post-pandemic recovery for the travel sector.
Britain’s busiest airport increased its expectations to nearly 53m passengers for 2022 after almost 5m travelled through in April.
But Heathrow also warned of risks from the war in Ukraine, travel restrictions and higher fuel costs, which it said would weigh on the rest of the year.
FTSE risers and fallers
T he FTSE 100 has gained ground this morning after yesterday's sharp sell-off, even as Wall Street and Asian stocks suffered heavy losses.
The blue-chip index rose 0.7pc in early trading, boosted by mining and banking stocks.
HSBC was the biggest driver of gains, rising 1.4pc, while Glencore , Rio Tinto and Anglo American all rose.
It marks some relief for stocks amid growing worries about inflation and a slowdown in global growth, fuelled by the war in Ukraine and lockdowns in China.
Data out today showed British shoppers cut their spending for the first time since lockdown in early 2021.
The domestically-focused FTSE 250 rose 0.9pc, boosted by travel and leisure stocks.
British Gas owner forecasts bumper profits
T he owner of British Gas has said it expects profits at the top end of its previous forecasts amid growing calls for a windfall tax on energy firms.
Centrica said it’s been boosted by strong volumes across its nuclear and gas production operations. Its trading business has also increased volumes of gas and renewable energy to improve UK supply amid pressure from the Russian invasion of Ukraine.
The company added that it had “managed increased commodity price volatility well” over recent months.
It comes after energy giants BP and Shell reported a surge in profits, fuelling calls from Labour MPs and campaigners for a levy on the companies.
Consumers are facing a surge in energy bills, with the price cap set to jump again in October. But the Government has resisted calls for a windfall tax, saying it would deter investment.
Von der Leyen: EU has made progress in Russian oil ban talks
E uropean Commission President Ursula von der Leyen has said there’s been progress in talks over the bloc’s proposed ban on Russian oil imports, but warned further work was needed.
The EU chief has held discussions with Hungary’s populist leader Viktor Orban, who’s opposed plans to cut ties with Moscow.
The bloc is said to be considering giving Hungary, Slovakia and the Czech Republic more time to comply with the ban. It could also offer more money to eastern European countries to compensate for the measure.
Tesla halts most production at Shanghai factory
T esla is said to have halted most production at its factory in Shanghai due to problems securing parts for electric vehicles.
The plant plans to manufacture fewer than 200 vehicles today, according to a memo seen by Reuters. That’s well below the roughly 1,200 models it’s been building each day since it reopened in April following a 22-day closure.
Shanghai is in its sixth week of an intensifying Covid lockdown that’s put tough restrictions on the movement of people and materials, posing a challenge for manufacturers.
Tesla had been planning to increase its production to pre-lockdown levels by next week.
FTSE 100 heads higher
T he FTSE 100 has pushed higher at the open, defying the wider gloom that’s gripping Wall Street and Asian stocks.
The blue-chip index rose 0.5pc to 7,251 points.
Inflation batters household spending
M eanwhile, the latest stark reminder of the cost-of-living crisis comes in the form of sluggish retail sales data. Tim Wallace has the details:
Surging inflation is "coming home to roost", slamming the brakes on shopping as families face higher bills at home and higher prices on the supermarket shelves, retailers and analysts have warned.
Retail sales last month were down 0.3pc compared with April 2021, according to the British Retail Consortium, with pressure on groceries spending and a slump in spending on expensive items.
It threatens to derail the economic recovery as businesses are reliant on household consumption as a key driver of growth, but inflation is now imperilling that rebound from the pandemic.
At the same time figures from Barclaycard show families tried to cut back in supermarkets and fuel, given the sharp rises in petrol and diesel prices, with almost two-thirds of those surveyed saying they are looking for ways to save on essentials, and more than half holding off buying luxuries in favour of own-brand products.
Helen Dickinson, chief executive of the BRC, said families are spending more on clothes and garden products to make the most of the good weather, but are cutting back on bigger purchases.
She said: "Further headwinds are incoming, such as rising global food prices, which rose 13pc between March and April. Retailers will continue to do all they can to mitigate the effects of these costs rises, but unfortunately they cannot absorb them all."
Oil slides further as EU softens Russian ban
O il has extended its biggest drop in five weeks after the EU softened its proposals for a ban on Russian imports, while recession fears also weighed.
Benchmark Brent crude fell to $105 a barrel, while West Texas Intermediate was trading just over $102 after tumbling around 6pc yesterday.
The EU is set to drop a proposed ban on ships carrying Russian oil following objections from member states including Greece. It’s also planning to give Hungary, Slovakia and the Czech Republic more time to comply with a ban on imports.
Meanwhile, oil has fallen victim to the wider sell-off that’s hitting markets, with ongoing lockdowns in China and a wider slowdown in economic growth sparking fears over demand.
Growth fears rattle markets
G ood morning.
5 things to start your day
1) Privatisation plan to give commuters faster internet Rail chiefs poised to sell off 10,000 miles of phone cables running beside railways
2) Scammers impersonate cyber crime chief Name of National Cyber Security Centre boss used in attempt to steal money from business
3) Petrol prices fuel record sales of second-hand electric cars Plus: BMW faces strike at Oxford MINI plant
4) Global markets plunge on recession fears Global equities record worst one-day since early months of pandemic
5) Aviva chief executive hit by sexist abuse Shareholders attack Amanda Blanc at annual meeting
What happened overnight
Hong Kong stocks opened lower following a rout on Wall Street as anxieties spread on rising US interest rates and surging inflation.
The Hang Seng Index fell 3.92pc. The Shanghai Composite Index dropped 1.28pc, while the Shenzhen Composite Index on China’s second exchange dipped 1.58pc.
In Japan, the benchmark Nikkei 225 index was down 0.69pc in early trade, while the broader Topix index dropped 0.91pc.
Coming up today
- Corporate: Renishaw (trading statement)
- Economics: BRC retail sales (UK) , ZEW economic sentiment (EU)
- White House says classified systems not hacked
- White House says secure systems not hacked
- Ivanka Trump becomes unpaid White House employee
- White House lays out conditions for MH17 plane probe
- White House admits Trump 'weighed in' on son's Russia statement
- Trump triumphs over Clinton in White House upset
- Trump to make room soon for Melania and son at White House
- Top White House officials knew in April of tax probe
- Can Hillary Clinton’s ‘smart power’ take her to the White House?
- G7 ministers meet on Russia, Iran and North Korea threats
- Obama warns Russia, Ukrainian separatists over downed airliner
- Frozen by shutdown, US warns of 'catastrophic' default
- Congress pulls US back from brink, averts default
- Ukraine to 're-examine' peace plan with rebels
- US Vice President Pence hires his own lawyer for Russia probes
- FBI chief sought more resources for Russia probe before Trump fired him - source
- US warns Moscow as Snowden seeks asylum in Russia
- Ukraine rebels free Swedish hostage; Obama seeks unity against Russia
- Ban slams Assad for crimes on humanity as US, Russia meet
- Russia warns of serious consequences from US strike in Syria
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