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EU has to come clean on costs of green transition

Europe is providing a test of whether weak governments can enact strong policies. It has set firm goals to reduce carbon emissions by at least 55% by the end of the decade, before becoming carbon-neutral by 2050. European Union governments have agreed on the strategy, but they tend to paper over the short-term economic costs of the green transition. If they don’t come clean to public opinion, and explain how these costs will be shared, they may face crippling populist protests that will compromise their end goals.

United-kingdom , France , Spain , Italy , Paris , France-general- , Greece , London , City-of , Germany , German , French

Grocer, trainmaker and landlord among most shorted stocks in June - Hazeltree

Shortsellers betting on tougher economic conditions zeroed in on online grocer Ocado , Swedish property firm Fastighets AB Balder and French train maker Alstom in June, according to a report by data and tech firm Hazeltree.

London , City-of , United-kingdom , France , Sweden , British , Swedish , French , Nell-mackenzie , Balder-baldb , Ocado , Thomson-reuters-trust-principles

U.S. watchdog lifts price estimate for Bluebird, Vertex/CRISPR gene therapies to $2.1 mln

An influential U.S. drug pricing watchdog raised the price estimate of two experimental gene therapies from Vertex Pharmaceuticals /CRISPR Therapeutics and bluebird bio to as much as $2.05 mln, saying the new price can be cost effective to treat sickle cell disease.

United-states , Bengaluru , Karnataka , India , Bhanvi-satija , Vertex-pharmaceuticals , Institute-for-clinical , Reuters , Thomson-reuters-trust-principles , Economic-review , David-rind , Biomarin-pharmaceutical

Exclusive: JP Morgan says client shares in Russia's Magnit may be missing

J.P. Morgan has become the latest major bank struggling to find Russian stocks linked to some client investments, adding to fears for investors still hoping to recoup some value from stranded assets in the country.

Russia , Magnit , Qashqadaryo , Uzbekistan , Moscow , Moskva , Kremlin , Ukraine , London , City-of , United-kingdom , Russian

How UBS can cling on to its Swiss purchase

Sergio Ermotti faces the daunting task of integrating two globally systemic banks. The returning UBS boss’s first big decision, though, has a more domestic focus. The Swiss bank is under pressure to offload Credit Suisse’s local business to ease a political backlash in its home market. By avoiding immediate layoffs, and arguing that the division might not be viable on its own, he might be able to get away with keeping it.

London , City-of , United-kingdom , Switzerland , Swiss , Suisse-schweiz , Katrina-hamlin , Ralph-hamers , Sergio-ermotti , Thomson-reuters-trust-principles , Twitter , Swiss-national-bank

Weaker China offers opportunities to US and allies

The failed mutiny against Vladimir Putin hasn’t just weakened the Russian president. It is also a setback for his most important ally, Chinese President Xi Jinping. At the same time, China is grappling with a weaker economy and confronted by a stronger American-led alliance. It no longer seems certain to become the world’s top power.

China , Taiwan , United-states , Shanghai , India , Ukraine , Kremlin , Moskva , Russia , Afghanistan , London , City-of

Factbox: Sri Lanka unveils domestic debt restructuring plan, asks foreign investors for a 30% haircut

Sri Lanka announced a restructuring plan for its massive domestic debt on Thursday to meet targets set by the International Monetary Fund (IMF) and aim to turn around its economy, which has been hammered by a financial crisis.

Sri-lanka , China , India , Japan , United-kingdom , Britain , Shilpa-jamkhandikar , Nandalal-weerasinghe , Uditha-jayasinghe , Kim-coghill , Mahinda-siriwardana , Thomson-reuters-trust-principles

Analysis: Threat of 'down rounds' spur private credit funds in Asia

From India to Singapore, Asia is seeing a boom in private credit funds looking to tap into demand mainly from startups that are moving away from raising equity capital at a sharp discount to their valuations, known as 'down round' in the industry.

Japan , Netherlands , Singapore , India , Hong-kong , United-states , America , Nicholas-mairone , Camille-krejci , Yantoultra-ngui , Sidley-austin , Robert-wright

Time for world to dust off its post-Putin plans

Whatever happens after Vladimir Putin’s humiliation at the hand of his former protégé Yevgeny Prigozhin, the rest of the world sees the Russian president as wounded. That perception may matter more than the power games now unfolding in Moscow. The United States, Europe and China will need to dust off their post-Putin plans. The best approach would be to expect the worst, while preparing for the best.

Kremlin , Moskva , Russia , London , City-of , United-kingdom , United-states , Italy , India , Belarus , China , Moscow

UK's Cineworld to file for administration as part of restructuring

Embattled cinema chain operator Cineworld Group on Monday said it will file for administration in Britain and suspend trading on the London Stock Exchange next month, as part of a restructuring plan to reduce its massive debt.

Bengaluru , Karnataka , India , United-kingdom , United-states , British , Eva-mathews , Dhanya-ann-thoppil , David-goodman , Cineworld-group , Thomson-reuters-trust-principles , Reuters