Exclusive: Gaming gear provider Turtle Beach nears board deal with Donerail – sources
By Svea Herbst-Bayliss (Reuters) – Donerail Group is close to reaching a settlement with Turtle Beach Corp that will give the activist investment firm representatives on the U.S. gaming gear companys board of directors, people familiar with the matter said on Sunday.
Ex-Goldman CEO Blankfein says recession possibility is ‘very high risk factor’
WASHINGTON (Reuters) – Former Goldman Sachs CEO Lloyd Blankfein said on Sunday he believes the economy is at risk of possibly going into a recession, as the U.S. Federal Reserve continues to raise interest rates to tackle rising inflation.
Peru economy grows 3.79% in March, weighed down by mining protests
LIMA (Reuters) – Peru‘s economy grew 3.79% in March compared with a year earlier, the country’s statistics agency said on Sunday, with most sectors of the economy showing improvement, while the key mining industry shrank due to social conflicts hitting production.
Deutsche Bank is not financing controversial African pipeline – source
FRANKFURT (Reuters) – Deutsche Bank is not financing a controversial pipeline in Africa that environmental campaigners have said will displace thousands of families and disrupt nature reserves, a person with knowledge of the matter said on Sunday.
Indonesian presidents rating hits six-year low as prices rise
JAKARTA (Reuters) – Indonesian President Joko Widodos approval rating has hit a six-year low amid dissatisfaction over soaring cooking oil prices and the perceived failure of an export ban to swiftly reduce the rising cost of goods, a new poll showed on Sunday.
Exclusive: Indias Reliance to acquire dozens of brands in $6.5 billion consumer goods play – sources
By Abhirup Roy and Aditya Kalra MUMBAI (Reuters) – Indias biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5 billion consumer goods business to challenge foreign giants like Unilever, two sources familiar with the plan told
Saudi Aramco net profit soars 82% in Q1 on high oil prices
DUBAI (Reuters) – State-owned oil producer Saudi Aramco on Sunday reported an almost 82% rise in first-quarter net income, broadly in line with analyst forecasts, helped by strong oil prices.
Saudi bourses quarterly profit falls on lower trading services, listing fees
DUBAI (Reuters) – Saudi Tadawul Group, the kingdoms stock exchange operator, posted a 21.7% decline in first quarter net profit on Sunday on a slowdown in trading services and listing fees.
Portugal blocks sale of Abramovich mansion, Publico newspaper says
LISBON (Reuters) – Portugal has blocked the sale of a 10 million euro ($10.4 million) mansion belonging to sanctions-hit Russian billionaire Roman Abramovich, Publico newspaper said on Saturday, without citing its sources.
Talibans first annual Afghan budget foresees $501 million deficit
By Mohammad Yunus Yawar KABUL (Reuters) – Afghanistan faces a budget deficit of 44 billion Afghanis ($501 million) this financial year, the countrys Taliban authorities said on Saturday without clarifying how the gap between expected revenues and planned spending will be met.
Nigerias markets regulator publishes rules on crypto assets
LAGOS (Reuters) – Nigeria‘s markets regulator has published a set of regulations for digital assets, signalling Africa’s most populous country is trying to find a middle ground between an outright ban on crypto assets and their unregulated use.
India bans wheat exports as heat wave hurts crop, domestic prices soar
By Rajendra Jadhav, Mayank Bhardwaj and Nigam Prusty
Thyssenkrupp warship unit eyes German shipyard industry consolidation -Welt am Sonntag
BERLIN (Reuters) – Germanys second-largest defence group Thyssenkrupp Marine Systems (TKMS) wants to play a leading role in consolidating the German and European shipyard industry, its new Chief Executive Officer told German newspaper Welt am Sonntag.
Emirates Telecommunications acquires 9.8% stake in Vodafone
DUBAI (Reuters) – Emirates Telecommunications Group Company PJSC, now known as (e&), said on Saturday it has acquired a 9.8% stake in Vodafone for $4.4 billion.
G7 foreign ministers vow to continue economic pressure on Russia
WEISSENHAUS, Germany (Reuters) – Foreign ministers from the G7 group of nations vowed on Saturday to reinforce Russias economic and political isolation, continue supplying weapons and work to ease global food shortages stemming from the war in Ukraine, a joint statement said.
UAEs newly elected ruler sees Iran, Islamists as threat to Gulf safe haven
DUBAI (Reuters) – United Arab Emirates strongman Sheikh Mohammed bin Zayed al-Nahyan, who was formally elected president on Saturday, led a realignment of the Middle East that created a new anti-Iran axis with Israel and fought a rising tide of political Islam in the region.
Polish budget policy could make it harder to tame inflation – MPCs Litwiniuk
WARSAW (Reuters) – Bringing Poland‘s inflation down to the central bank’s target over the next two years will be difficult if the government increases its efforts to boost consumption, Monetary Policy Council (MPC) member Przemyslaw Litwiniuk said on Saturday.
French President Macron to visit Emirates to mourn death of pro-West ruler
PARIS (Reuters) – French President Emmanuel Macron has announced a trip to the United Arab Emirates to mourn the death of Sheikh Khalifa Bin Zayed Al Nahyan and display his support for the ruling family, with whom France holds lucrative business and military ties.
Moscow will respond if NATO moves nuclear forces closer to Russias border
(Reuters) – Moscow will take adequate precautionary measures if NATO deploys nuclear forces and infrastructure closer to Russias border, Russian news agencies quoted Deputy Foreign Minister Alexander Grushko as saying on Saturday.
EU eyes gas price cap in case of Russian supply cut – Welt am Sonntag
BERLIN (Reuters) – The European Commission wants to waive EU competition rules to allow governments to cap prices for consumers in the event of a complete outage of Russian gas supplies, German newspaper Welt am Sonntag reported on Saturday, citing a commission document on short-term energy
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