People stand near the closed Red Square in Moscow, Russia, June 25, 2023. REUTERS/Evgenia Novozhenina
WHAT HAPPENED IN RUSSIA?
Russia sought to restore calm after an aborted mutiny by Wagner Group mercenaries over the weekend, while Western allies assessed how President Vladimir Putin might reassert authority and what it could mean for the war in Ukraine.
What next for the Russian leader and his war in Ukraine? Hear Reuters Europe Editor Rachel Armstrong unpack it all on today’s Reuters World News podcast.
AROUND THE WORLD
North Korea held mass rallies in Pyongyang where people shouted slogans vowing a “war of revenge” to destroy the United States, as it marked the 73rd anniversary of the outbreak of the Korean War, state media reported.
Greece’s New Democracy party leader Kyriakos Mitsotakis will be sworn in as prime minister after a resounding victory in a repeat election gave him a second four-year term. Centre-right New Democracy gained 40.5% the vote and 158 seats in the 300-seat parliament, more than 20 points clear of the leftist Syriza.
People with disabilities in Spain and other European countries have been disproportionately affected by unprecedented heat extremes, a leading human rights watchdog said, urging authorities to provide adequate support.
The world’s central bank umbrella body, the Bank for International Settlements (BIS), called for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation.
Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing.
German business morale worsened for the second consecutive month in June, a survey showed, indicating that Europe’s largest economy faces an uphill battle to shake off recession.
Deutsche Bank has told clients it can no longer guarantee full access to Russian stocks that belong to them, underlining the challenges global investors face to recover stranded investments in the country’s companies.
Big US lenders are expected to show they have ample capital to weather any fresh turmoil in the banking sector during this week’s Federal Reserve health checks, although resulting investor payouts are likely to dip slightly, analysts said.
A second life for EV batteries? Depends how long the first is
Zenobe’s Founder Director Steven Meersman shows off one of the company’s chargers for Arriva buses, at a bus depot in London, Britain May 16, 2023. REUTERS/Nick Carey
Automakers have touted plans to re-use electric vehicle batteries when they lose power, but competition for battery packs and cell materials, and the appetite for affordable cars cast doubt on this part of the circular economy.
An array of startups offers second-life energy storage using old EV batteries.
Belgium’s Jolien Maliga Boumkwo in action during the Women’s 100m Hurdles, Division 1 Heat B REUTERS/Aleksandra Szmigiel/File Photo
Belgium shot put and hammer throw champion Jolien Boumkwo displayed great team spirit at the European Championships in Poland when she stepped up outside her event and ran a 100 meters hurdles race to save her team from getting disqualified.
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