By Alexander Marrow and Gleb Stolyarov MOSCOW – Russian tech giant Yandex has started warning Russian users looking for news about Ukraine on its search engine of unreliable information on …
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Cutting Russia off SWIFT technically difficult – German govt spokesperson
by Reutersby ReutersBERLIN – Suspending Russia from the SWIFT global interbank payments system would be technically difficult to arrange and would have a massive impact on transactions for Germany and German businesses …
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BERLIN – Deutsche Telekom is making calls and text messages to Ukraine free of charge, the German telecommunications company said on Friday in a move to support people with families …
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Italy must reduce reliance on Russian gas, lift domestic production -Draghi
by Reutersby ReutersROME – Italy must reduce its reliance on gas imports from Russia and is ready to take further measures to protect consumers from rising energy prices after the invasion of …
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Russian carmaker Avtovaz may suspend some assembly lines on Monday due to components shortage
by Reutersby ReutersMOSCOW – Russia’s biggest carmaker Avtovaz may suspend some assembly lines at its Togliatti plant in central Russia on Monday for a day due to a persistent global shortage of …
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Indian shares bounce back from Ukraine sell-off, snap 7-day losing run
by Reutersby ReutersBENGALURU -Indian shares snapped a 7-day losing streak to close more than 2% higher on Friday, a day after their worst fall in over a year following Russia’s invasion of …
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China urges banks, insurers to support affordable rental housing
by Reutersby ReutersBEIJING – China’s banking and insurance regulator has issued guidelines urging banks and insurers to support the development of affordable rental housing, as Beijing vows to keep the property market …
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U.S. companies grapple with surging costs as supply chain problems persist
by Reutersby ReutersBy Timothy Aeppel – Dave Petratis boosted wages for his U.S. factory workforce in December – six months ahead of schedule for normal annual increases. It wasn’t enough. The CEO …
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India explores setting up rupee trade accounts with Russia to soften sanctions blow – sources
by Reutersby ReutersBy Rajendra Jadhav, Nupur Anand and Aftab Ahmed MUMBAI – India is exploring ways to set up a rupee payment mechanism for trade with Russia to soften the blow on …
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Greece sees no disruption in gas flows, suppliers line up cargoes -minister
by Reutersby ReutersATHENS – Gas flows to Greece are smooth and Greek gas suppliers have lined up additional gas cargoes if needed, Energy Minister Kostas Skrekas said on Friday, a day after …
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BASF ready to push Wintershall Dea IPO against co-owner’s opposition
by Reutersby ReutersFRANKFURT -BASF, co-owner of Nord Stream 2 backer Wintershall Dea, said it was prepared to push through an initial public offering of the oil and gas business next year even …
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By Dominique Vidalon PARIS -Casino shares slumped on Friday after the supermarket group reported a 12% drop in operating profit on lower sales last year and reignited investor concerns over …
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Russia to widen trade, economic ties with Asia after Western sanctions
by Reutersby ReutersMOSCOW – Russia’s economy ministry on Friday said it was working on measures to minimise the effect of Western sanctions imposed after Russia’s invasion of Ukraine and would be stepping …
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Virgin Atlantic avoiding Russian air space, routes to get longer
by Reutersby ReutersLONDON – Virgin Atlantic said on Friday it would avoid Russian airspace, meaning flights between Britain, India and Pakistan would take slightly longer. “We apologise for any inconvenience caused to …
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LONDON -British Airways-owner IAG is not experiencing the same degree of issues as Qatar Airways with surface degradation of paint on the Airbus A350 jets it operates, Chief Executive Luis …
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MOSCOW – Russia has banned British airlines from landing at its airports or crossing its airspace, its state civil aviation regulator said on Friday. The move follows London’s ban on …
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BEIJING – The container shipping arm of China’s COSCO Shipping said on Friday that it will stop accepting new bookings for cargoes to and from Ukraine, the latest shipping group …
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China’s Dalian commodity exchange raises intraday transaction fees for some futures contracts
by Reutersby ReutersBEIJING – China’s Dalian Commodity Exchange said on Friday that it would raise intraday transaction fees for some contracts of soybean, soyoil, palm oil, coking coal and coke futures, according …
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Never Knowingly Undersold no more, UK’s John Lewis drops 96-year old price pledge
by Reutersby ReutersBy James Davey and Aby Jose Koilparambil – British department store retailer John Lewis will this summer abandon the “Never Knowingly Undersold” price pledge it has maintained since 1925, it …
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By Christoph Steitz and Jan Schwartz FRANKFURT -Porsche’s potential initial public offering (IPO) could happen as soon as the fourth quarter of 2022, the finance chief of the luxury carmaker’s …
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Lending to euro zone households grows at fastest rate since late 2008
by Reutersby ReutersFRANKFURT – Growth in bank loans to euro zone households accelerated again last month, growing at the fastest pace since late 2008, European Central Bank data showed on Friday. “Annual …
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LONDON – The London Stock Exchange said on Friday it has suspended VTB Capital’s membership following Britain’s sanctions in retaliation for Russia’s invasion of Ukraine. The suspension means that VTB …
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MILAN – Italian lenders increased their domestic government bond holdings in January, European Central Bank data showed on Friday. Their portfolio rose to 419.62 billion euros ($468.84 billion) last month, …
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China to expand wealth management pilot scheme for retirement savers – regulator
by Reutersby ReutersSHANGHAI – China will from March 1 expand a pilot scheme developing wealth management products aimed at retail investors looking to boost their retirement savings to more cities including Beijing …
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Italian manufacturing and consumer confidence morale falls in Feb
by Reutersby ReutersROME, Feb 25 – Morale amongst Italian manufacturers and consumers fell in February, coming in below analysts’ expectations and suggesting the economy has had a sluggish start to the year, …