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It's not clear that the German Chancellor is in a position to actually hit Russia where it would hurt: Its pocketbook.
BAGHDAD, July 18- The United Nations accused Islamic State fighters in Iraq of executions, rape and forced recruitment of children during a campaign to seize much of northern Iraq, part of a conflict it said has killed almost 5,600 civilians this year.
NEW YORK, July 18- Brent and U.S. crude eased at midday on Friday after sharp gains sparked by heightened geopolitical risk from the downing of a Malaysian jetliner over eastern Ukraine and as Israeli ground troops advanced into Gaza.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including concerns for Volvo and AbbVie's deal with Shire PLC.
*Obama warns of further sanctions against Russia. LONDON, July 18- Brent crude oil climbed to around $108 a barrel on Friday, extending sharp gains on heightened geopolitical risk after the downing of a Malaysian jetliner over eastern Ukraine and as Israeli ground troops advanced into Gaza.
*Chancellor issues' clear call' for Russia to help peace process. BERLIN, July 18- Germany's Angela Merkel challenged Moscow's attempt to pin the downing of a Malaysian airliner on Ukraine, pointing to Russia as a source of separatists' weapons.
BERLIN, July 18- Moscow needs to recognize its responsibility for ensuring the peace process advances in Ukraine, where a ceasefire is needed to investigate the crash of a commercial airliner close to the Russian border, German Chancellor Angela Merkel said on Friday.
The possibility that the civilian jetliner downed over war-torn eastern Ukraine with nearly 300 people onboard was hit by a missile could have profound consequences for the world's airlines. In the hours after Thursday's disaster involving a Malaysia Airlines jet, carriers around the globe began rerouting flights to avoid Ukraine.
BERLIN/ MEXICO CITY, July 18- German Chancellor Angela Merkel and Foreign Minister Frank-Walter Steinmeier on Thursday called for an independent, international investigation into the downing of a Malaysian airliner over eastern Ukraine.
MEXICO CITY, July 17- German Foreign Minister Frank-Walter Steinmeier on Thursday called for an independent, international investigation into the downing of a Malaysian airliner over eastern Ukraine.
WASHINGTON— Labor Department releases Consumer Price Index for June, 8:30 a.m.; National Association of Realtors releases existing home sales for June, 10 a.m.. GENEVA— Credit Suisse, the second-largest bank in Switzerland behind UBS, reports its second quarter results before the opening of trading in Zurich.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including concern over the effect of Russian sanctions and Volkswagen denies it's making a bid for Fiat Chrysler Automobiles.
*U.S., Britain to outperform peers in industrialised world. July 17- Global growth prospects have dimmed slightly, with the United States and Britain leading industrialised economies that are not generating much inflation even after years of aggressive monetary stimulus, Reuters polls found.
By Andreas Cremer and Agnieszka Flak. BERLIN/ MILAN, July 17- Fiat Chrysler has denied a magazine report saying it's in merger talks with Volkswagen, while the German carmaker said it had no takeovers on its agenda.
BERLIN/ MILAN, July 17- Volkswagen and Fiat Chrysler have denied a magazine report saying the two carmakers are in merger talks. Germany's Manager Magazin said on Thursday Volkswagen Chairman Ferdinand Piech had held talks with the owners of Fiat Chrysler about buying all or part of the group that was formed this year from the merger of Italian and U.S. carmakers.
BERLIN/ MOSCOW, July 17- German carmaker Daimler does not plan to increase its stake in Russian truckmaker Kamaz, it said on Thursday, renouncing a long-considered deal amid rising tension between Moscow and the West over Ukraine.
By early afternoon in Europe, benchmark U.S. crude for August delivery was up $1.64 at $102.84 a barrel in electronic trading on the New York Mercantile Exchange. On Wednesday, the U.S. Energy Information Administration said U.S. crude oil inventories fell by 7.5 million barrels to 375 million barrels in the week of July 11.
Carsten Nickel, senior vice president at Teneo Intelligence, discusses Germany's stance on the new Russian sanctions and says the country is keen to keep "talking channels" open.
Christopher Granville, managing director at Trusted Sources, and Chris Weafer, senior partner at Macro-Advisory, agree that Angela Merkel's role in the negotiations with Russia will be "critical".
*Wizz Air has grown to be biggest low-cost carrier in eastern Europe. Organic expansion in the region and as far afield as Moscow, Tel-Aviv or Dubai is set to continue while a new phase of growth is likely to come from Wizz Air exploiting the difficulties of state-backed regional airlines that are struggling to survive.