By Jan Strupczewski BRUSSELS – The European Union should, like national governments, have a proper budget it could use to stabilise the bloc’s economy if needed, a European Commission survey …
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Carlsberg joins rival Heineken in quitting Russia, faces big hit
by Reutersby ReutersCOPENHAGEN -Carlsberg will exit the Russian market and take a “substantial” non-cash impairment charge, the Danish brewer said on Monday, the latest Western company to exit amid mounting pressure on …
- Financial News
Spain to approve 16 billion euros in aid to offset soaring energy costs
by Reutersby ReutersBy Belén Carreño and Inti Landauro MADRID – Spain announced 16 billion euros ($17.5 billion) in direct aid and soft loans on Monday to help companies and households weather sky-high …
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By Lawrence Hurley WASHINGTON – The U.S. Supreme Court on Monday declined to hear a challenge by steel companies to former President Donald Trump’s 2018 decision to double tariffs on …
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By Simon Jessop and Kate Abnett LONDON – European Commission advisers on Monday proposed an expansion of the bloc’s sustainable finance rules to better grade activities such as gas-fired power …
- Department of Justice Press Releases
Previously Removed Dominican Republic Man Charged with Illegally Reentering the United States and Possession and Use of Fraudulent Documents
by DOJ Pressby DOJ PressSt. Croix, USVI – Reynaldo Mejia-Mejia, a citizen of the Dominican Republic, was arrested March 23, 2022 on St. Croix and charged by federal complaint with illegally reentering the United …
- Department of Justice Press Releases
MISSOURI MAN RECEIVES 30 YEAR SENTENCE FOR ATTEMPTED ENTICEMENT OF A CHILD
by DOJ Pressby DOJ PressEAST ST. LOUIS, Ill. – William E. Jackson, 47, of Pevely, Missouri, was sentenced to 360 months in prison on Thursday, March 24, 2022, for traveling from Missouri to Illinois to …
- Department of Justice Press Releases
U.S. Attorney Sellinger Announces Creation of Civil Rights Division
by DOJ Pressby DOJ PressNOTE: To see U.S. Attorney Sellinger’s announcement, click here.  NEWARK, N.J. – U.S. Attorney Philip R. Sellinger announced today the creation of a Civil Rights Division whose sole focus will …
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By Andy Bruce and William Schomberg LONDON -Bank of England Governor Andrew Bailey said swings in commodity markets after Russia’s invasion of Ukraine posed a risk to financial stability and …
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Pedestrian Struck Crossing South Hope Chapel Road in Jackson
JACKSON, NJ – A teen girl was struck by a passing vehicle while crossing the road along South Hope Chapel Road near Primrose Lane, according to the Jackson Township Police …
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By Brenda Goh and Norihiko Shirouzu SHANGHAI – General Motors and Volkswagen Group China on Monday said that their Shanghai operations have not been affected by the city’s lockdown to …
- Financial News
Exclusive-Crisis-hit Sri Lanka in talks with India for another $1.5 billion credit line
by Reutersby ReutersBy Uditha Jayasinghe COLOMBO – Sri Lanka has sought an additional credit line of $1.5 billion from India to import essentials, the island nation’s central bank governor said on Monday, …
- Financial News
Insurer AIG says BlackRock will manage part of life and retirement unit’s assets
by Reutersby Reuters(Reuters) – Insurer American International Group Inc said BlackRock Inc, the world’s largest asset manager, will manage $60 billion of its global investment portfolio and up to $90 billion of …
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(Reuters) -Walmart Inc will stop sales of tobacco products in some of its more than 5,000 stores across the United States, the world’s largest retailer said on Monday. The company …
- Financial News
Fidelity closes Emerging EMEA fund to new investors after Russia plunge
by Reutersby ReutersLONDON – Fidelity International will temporarily close its Emerging Europe, Middle East and Africa Fund to new investors after Russia’s invasion of Ukraine caused Russian asset prices to plunge, it …
- Financial News
Thai finance minister sees slower growth, interest rate to stay low
by Reutersby ReutersBy Orathai Sriring and Kitiphong Thaichareon BANGKOK – Thailand’s economy could grow 3.0%-3.5% this year, less than an earlier forecast due to soaring oil prices driven by the Russia-Ukraine war, …
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Sanctions-hit companies unlikely to get trillions in state aid, EU’s Vestager says
by Reutersby ReutersBy Foo Yun Chee BRUSSELS – Companies affected by sanctions imposed on Russia and soaring energy costs are unlikely to get trillions of euros in state aid that businesses hit …
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Indonesia expects fiscal pressure from high global fuel, food prices
by Reutersby ReutersJAKARTA – High global commodity prices have helped Indonesia book a strong fiscal position, but its budget will face pressure from inflationary shocks in coming months as the government keeps …
- Financial News
Credit Suisse has stopped pursuing new client business in Russia
by Reutersby ReutersZURICH – Credit Suisse stopped pursuing new business in Russia after the invasion of Ukraine on Feb. 24, the Swiss bank said on Monday in an internal document seen by …
- Financial News
HP seeks to ride hybrid work boom with $1.7 billion Poly buyout
by Reutersby Reuters(Reuters) -HP Inc said on Monday it would buy audio and video devices maker Poly for $1.7 billion in cash as it looks to capitalise on the hybrid work led …
- Financial News
Top China brokerage CITIC posts 55% rise in 2021 profit on investment gains
by Reutersby ReutersBEIJING/SHANGHAI – CITIC Securities Co, China’s biggest brokerage, reported on Monday a 55.01% rise in profit in 2021, led by strong gains in securities investments. Net profit for the 12 …
- Financial News
G7 rejects Putin’s demand for rouble payment for Russian gas – Germany
by Reutersby ReutersBERLIN – Energy ministers from the Group of Seven industrialized nations reject demands by President Vladimir Putin that “unfriendly” countries pay for Russian gas with roubles, Germany’s Robert Habeck said …
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TIM boosted as CVC approach for enterprise service unit confirmed
by Reutersby ReutersBy Elvira Pollina MILAN -Telecom Italia (TIM) shares rose on Monday as Italy’s biggest telecoms company confirmed CVC’s interest in taking a stake in its enterprise service arm, while it …
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Massive food market in Mexico City poised to harness sunshine for power
by Reutersby ReutersBy Valentine Hilaire MEXICO CITY – A sprawling fruit and vegetable market in Mexico’s capital wants to spark a greener future as the world’s biggest urban solar farm, with thousands …
- Financial News
Israeli startup to test brain-activity gear on space mission to ISS
by Reutersby ReutersBy Steven Scheer TEL AVIV – Israel’s Brain.Space, a four-year-old startup that studies data on brain activity, is set to put its gear to test on astronauts in space next …