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  • Financial News

    Bottler Coca-Cola HBC shuts Ukraine plant

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    – Soft drinks bottler Coca-Cola HBC has closed its plant in Ukraine, and asked staff in the country to remain at home following Russia’s invasion of its former Soviet neighbour, …

  • Financial News

    Canada’s trucker protests leave businesses and taxpayers with hefty bills

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Julie Gordon OTTAWA – A three-week long protest in Canada against pandemic measures that snarled trade and shuttered Ottawa’s core likely cost billions in trade delays, tens of millions …

  • Financial News

    Kremlin says Russia has enough tools to survive ’emotional’ market reaction

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    MOSCOW – Kremlin spokesperson Dmitry Peskov on Thursday said Russia has created enough safety tools to survive market volatility and said that the “emotional” financial market reaction to Russia’s invasion …

  • Financial News

    U.S. banks tackle Russia sanctions fine print, worry over escalating restrictions

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Pete Schroeder and Michelle Price WASHINGTON -U.S. banks were well-prepared for the Western sanctions announced so far over Russia’s aggression towards Ukraine, but they are still nailing down details …

  • Financial News

    JPMorgan says may review Ukraine’s inclusion into key local bond index

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    LONDON – JPMorgan has said it may have to review plans to start including Ukraine government bonds in it influential GBI-Emerging Markets index at the end of the next month …

  • Financial News

    Rolls-Royce boss to leave with COVID recovery in sight

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Paul Sandle LONDON -Rolls-Royce Chief Executive Warren East will step down by the end of the year after steering the aero-engine maker through the worst of the pandemic, though …

  • Financial News

    Fed hawks, doves agree on liftoff. What happens next could be a battle

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Howard Schneider and Ann Saphir WASHINGTON – U.S. Federal Reserve officials agree inflation is too high and that interest rates should be increased at the upcoming meeting in March. …

  • Financial News

    Kremlin calls large business for a meeting on Thursday, TASS says

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    MOSCOW – Executives representing Russia’s largest companies, including from the IT sector, were invited to take part in a meeting in the Kremlin on Thursday, TASS news agency reported, citing …

  • Financial News

    Carlsberg shuts Ukrainian brewery in Lviv after gas supply cut

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    COPENHAGEN – Carlsberg has shut its brewery in Lviv, western Ukraine, after supplies of natural gas to the brewery were cut, a company spokeswoman told Reuters. (Reporting by Jacob Gronholt-Pedersen; …

  • Financial News

    Brazilian brewer Ambev’s profit slumps in sector-wide decline

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    SAO PAULO – Brazilian brewer Ambev SA’s fourth-quarter net income fell 45.6% from a year earlier to 3.75 billion reais ($748.55 million), it said on Thursday, citing widespread deceleration across …

  • Financial News

    Austria’s RBI says Russian, Ukraine banks well-capitalised

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    VIENNA – Austria’s Raiffeisen Bank International said its banks in Russia and Ukraine are well-capitalised and self-financing, and that provisions were already made last year as part of its risk …

  • Financial News

    South Korea to join sanctions against Russia, but not considering unilateral steps

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Josh Smith and Hyonhee Shin SEOUL – South Korea said on Thursday it would join in unspecified multilateral economic sanctions on Russia in response to its military operations in …

  • Financial News

    Mercedes-Benz expects 2 pp headwind from raw materials – CFO

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    BERLIN – Mercedes-Benz expects a headwind from higher raw material prices of around 2 points to its return on sales this year, Chief Financial Executive Harald Wilhelm said in an …

  • Financial News

    London Stock Exchange expands stocks clearing in Paris

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    LONDON – The London Stock Exchange (LSEG) expanded its Paris-based clearing service on Thursday as it adjusts to a post-Brexit landscape where Britain’s financial sector faces being increasingly cut off …

  • Financial News

    Telecom Italia weighs sale of INWIT stake as workers stage strike

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Elvira Pollina MILAN -Telecom Italia (TIM) is considering selling its stake in mobile tower group INWIT to French investment fund Ardian as part of its efforts to shore up …

  • Financial News

    Hotel group Accor eyes return to normal as demand rebounds

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Anait Miridzhanian -Europe’s biggest hotel group Accor said on Thursday it was “well on the way” to more normal levels of activity this year after its core earnings swung …

  • Financial News

    Czech president: Russia should be cut off from SWIFT

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    PRAGUE – Czech President Milos Zeman, who had in the past promoted warm relations with Moscow, said on Thursday Russia’s attack on Ukraine was “crime against peace” and required a …

  • Financial News

    Greek PM condemns Russian attack, says Greece energy supply secure

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    ATHENS -Greek Prime Minister Kyriakos Mitsotakis condemned Russia’s attack on Ukraine on Thursday but said Greece has sufficient energy supply. Greece imports 40% of its natural gas from Russia and …

  • Financial News

    White House unveils more steps to strengthen U.S. supply chains

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Andrea Shalal WASHINGTON – The White House on Thursday announced 10 new steps as part of its year-long drive to strengthen U.S. supply chains against climate shocks and geopolitical …

  • Financial News

    Russia does not want to weaponise gas in conflict, says TotalEnergies CEO

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    LONDON – Russia does not want to use natural gas as a weapon in its conflict with Ukraine, the CEO of French energy company TotalEnergies said on Thursday. “I am …

  • Featured NewsFinancial NewsTech and Gaming

    Meta’s Zuckerberg unveils AI projects aimed at building metaverse future

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Elizabeth Culliford -Facebook-owner Meta is working on artificial intelligence research to generate worlds through speech, improve how people chat to voice assistants and translate between languages, CEO Mark Zuckerberg …

  • Financial News

    Bank of England will fight inflation in a “measured way”, Pill says

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    LONDON – Bank of England Chief Economist Huw Pill said the British central bank will seek to bring fast-rising inflation down in a “measured way” and one “that doesn’t disturb …

  • Financial News

    ECB to conduct comprehensive economic outlook assessment at March meeting

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    By Jan Strupczewski BRUSSELS – The European Central Bank will conduct a comprehensive assessment of the economic outlook after Russia’s attack on Ukraine at the bank’s March meeting, it said …

  • Financial News

    UK spending edges up in past week despite weather hit

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    LONDON – British consumer spending edged up in the week to Feb. 17, but other measures were hurt by a series of winter storms which hit the country, weekly data …

  • Financial News

    Aramco shares rise to record high as oil tops $100 for first time since 2014

    by Reuters February 24, 2022
    by Reuters February 24, 2022

    DUBAI – Saudi Aramco shares surged as much as 4.2% to a record high 42.25 riyals ($11.26) on Thursday as oil prices breached the $100 a barrel after Russia attacked …

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