By Elvira Pollina MILAN – The new boss of Telecom Italia set out the virtues of his standalone plan as an alternative to a takeover approach from KKR but shares …
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MOSCOW – Russia’s biggest carmaker, Avtovaz, will stop its Togliatti and Izhevsk plants on Saturday and from March 9 to 11 as it grapples with a crisis in supplies of …
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Ukraine’s banking system remains resilient despite war, says central bank governor
by Reutersby ReutersLVIV – Ukraine’s central bank governor Kyrylo Shevchenko said on Thursday the Ukrainian banking and financial system remained resilient amid Russia’s invasion and had been boosted by international financial support …
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Explainer-Russian banks isolated, UK cuts insurance ties with Moscow
by Reutersby ReutersBy Huw Jones and Tommy Wilkes LONDON – Britain will ban Russian companies from London’s multi-billion dollar aviation and space insurance market, the latest restrictions Western allies are imposing to …
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LONDON – Britain’s culture minister said she had asked social media company Tik Tok and Facebook’s parent company Meta Platforms if they could prevent access to Russian state-owned television network …
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Former Ghosn deputy set for U.S. return after suspended sentence
by Reutersby ReutersBy Tim Kelly and Satoshi Sugiyama TOKYO – A Tokyo court on Thursday handed former Nissan Motor executive Greg Kelly a six-month suspended sentence for helping Carlos Ghosn hide pay …
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Investors warn of unintended consequences as companies cut Russian ties
by Reutersby ReutersBy Ross Kerber – A responsible-investing group representing $10 trillion of assets under management and advisement said companies could be right to cut Russian business ties to protest Moscow’s invasion …
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Sibanye-Stillwater sees Ukraine crisis disrupting automotive supply chains
by Reutersby ReutersBy Helen Reid JOHANNESBURG – Disruptions to automotive supply chains in the wake of Russia’s invasion of Ukraine could impact demand for platinum group metals (PGMs), the chief executive of …
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Norway wealth fund’s Russian investments are worthless, says CEO
by Reutersby ReutersBy Gwladys Fouche OSLO – The Russian assets of Norway’s $1.3 trillion wealth fund, the world’s largest, have become worthless following Russia’s invasion of Ukraine and selling them as instructed …
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Deals over dividends: Ladbrokes owner Entain saves cash for acquisitions
by Reutersby ReutersBy Sachin Ravikumar – Entain will use excess cash on acquisitions this year rather than shareholder payouts, the British gambling firm said on Thursday, as it reported higher annual earnings …
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Japan’s JAL, ANA cancel or reroute Europe flights due to Ukraine crisis
by Reutersby ReutersBy Maki Shiraki and Jamie Freed TOKYO – Japan Airlines Co Ltd and ANA Holdings Inc cancelled all flights to and from Europe on Thursday and cancelled or rerouted flights …
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By Farah Master HONG KONG – Casino companies in Macau will have their licences extended by six months, the city’s Economy and Finance Secretary said on Thursday, allowing more time …
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Analysis-Crypto exchanges won’t bar Russians, raising fears of sanctions backdoor
by Reutersby ReutersBy Tom Wilson LONDON – Some of the world’s biggest cryptocurrency exchanges are staying put in Russia, breaking ranks with mainstream finance in a decision that experts say weakens Western …
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By Lawrence White LONDON – Russian stocks and bonds are now “in the realms of utterly uninvestable,” the chief executive of Schroders Peter Harrison told Reuters on Thursday, as Western …
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Former boss Ghosn says Nissan’s lack of vision is hurting Renault
by Reutersby ReutersBy Satoshi Sugiyama TOKYO – Former Nissan Motor chairman Carlos Ghosn, who was ousted from the company following his arrest in Japan, said on Thursday that its alliance partner Renault …
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By David Milliken LONDON – British businesses’ expectations for inflation over the next 12 months have risen to their highest in more than five years, according to a Bank of …
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Analysis-Russia-Ukraine conflict highlights wheat supply vulnerability
by Reutersby ReutersBy Gus Trompiz and Nigel Hunt PARIS/LONDON – The threat to wheat supplies from Russia’s invasion of Ukraine has been exacerbated by a shift in global stocks away from major …
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India accuses China’s Huawei of tax evasion – government source
by Reutersby ReutersBy Munsif Vengattil NEW DELHI – An Indian tax investigation into China’s Huawei Technologies has found the telecoms equipment maker manipulated account books to reduce its taxable income in the …
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MOSCOW – Russia has decided to stop supplying rocket engines to the United States in retaliation for its sanctions against Russia over Ukraine, Dmitry Rogozin, head of the state space …
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Russian air space closure means millions in extra costs -Lufthansa CEO
by Reutersby ReutersBERLIN – Lufthansa Chief Executive Carsten Spohr said routing flights to avoid Russian air space will increase costs for the German flagship carrier by a single-digit million-euro amount per month. …
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Palladium scales 7-month peak, gold firms as Ukraine crisis rages on
by Reutersby ReutersBy Bharat Gautam – Palladium raced to an over seven-month peak on Thursday in a rally sparked by concerns over supply from top producer Russia, while a relatively less hawkish …
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LONDON – British satellite company OneWeb said on Thursday it was suspending all launches from Russia’s Baikonur Cosmodrome in Kazakhstan after Moscow’s space agency demanded guarantees that its technology would …
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U.S. activist investors, Icahn cry foul over proposed stock disclosure rule
by Reutersby ReutersBy Svea Herbst-Bayliss and Katanga Johnson – Activist investors including Carl Icahn say a U.S. proposal that would require them to disclose 5% stakes in companies days sooner than current …
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U.S. hits Russian oil refining sector, slaps export curbs on Belarus
by Reutersby ReutersBy Alexandra Alper and Doina Chiacu WASHINGTON -The United States on Wednesday took aim at Russia’s oil refining sector with new export curbs and targeted Belarus with sweeping new export …
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Factbox-Companies cut Russia operations and trade as sanctions tighten
by Reutersby Reuters– Companies have limited, put on hold or exited business activities in Russia following a wave of sanctions imposed after Moscow’s invasion of Ukraine. Below is a list of companies …