Pharmacy benefit managers profits targeted by new U.S. bill
WASHINGTON (Reuters) – Senators Maria Cantwell, chair of the Commerce Committee, and Chuck Grassley, the top Republican on the Judiciary Committee, introduced a bill on Tuesday that would give the U.S. Federal Trade Commission more power to rein in pharmacy benefit managers, which administer pharmaceutical plans,
Canada buys ammunition from U.S. to send to Ukraine – defense minister
(Reuters) – Canada has purchased 20,000 artillery rounds of NATO standard ammunition for Ukraine to support it in its defense against Russias invasion, Defense Minister Anita Anand said on Tuesday.
Italys Autogrill to sell its operations in Russia
MILAN (Reuters) – Italian transport caterer Autogrill is selling its operations in Russia, the company said in an answer to an investor question submitted ahead of Thursday‘s shareholders’ meeting.
Global energy and funding shocks test climate commitments
By Dmitry Zhdannikov and Divya Chowdhury
Factbox-Global banks pay price of Russia retreat
By Valentina Za MILAN (Reuters) – Leading international banks exposed to Russia booked more than 11 billion euros ($12 billion) in provisions in the first quarter to brace for potential losses.
Hungarys government gets emergency powers due to Ukraine war, PM Orban says
BUDAPEST (Reuters) – Hungarys government declared a state of emergency due to the war in Ukraine from Wednesday, Prime Minister Viktor Orban said in a Facebook video, adding his cabinet needed room of manoeuvre to respond to challenges quickly.
Poultry group LDC to boost plant-based foods in growth plan
PARIS (Reuters) – Frances largest poultry group LDC aims to more than treble its volumes of plant-based products by 2026 and is open to acquisitions in the sector as part of a plan to boost earnings by 40% in the next four years, it said on
Citi in talks to buy Deutsche Bank Mexico – Bloomberg Law
(Reuters) – Citigroup Inc is weighing a deal to buy Deutsche Bank AGs Mexican bank, Bloomberg Law reported on Tuesday, citing people familiar with the matter.
Food crisis fuels fears of protectionism compounding shortages
By Jessica DiNapoli and Dan Burns DAVOS, Switzerland (Reuters) – A growing world food crisis is precipitating protectionist moves by countries which are likely to compound the problem and could lead to a wider trade war, business leaders and policymakers at the World Economic Forum said.
U.S. forecasters predict 7th straight year of above-normal hurricane season
By Erwin Seba (Reuters) -The Atlantic hurricane season is poised to deliver another round of above-normal storms for the seventh consecutive year, the National Oceanic and Atmospheric Administration (NOAA) said on Tuesday.
Saudi fiscal sustainability will target reserves not falling below certain percentage of GDP-fin min
By Dmitry Zhdannikov DAVOS (Reuters) – Saudi Arabia‘s policy on fiscal sustainability would ensure that reserves do not fall below a certain percentage level of the country’s gross domestic product, its finance minister said.
Russia moves to bar foreigners from using its surrogate mothers
(Reuters) – Russian lawmakers voted on Tuesday to bar foreigners from using the services of Russian surrogate mothers as Moscows relations with Western countries continue to sour over its war in Ukraine.
HeidelbergCement gets more ambitious on CO2 cuts, sets financial targets
FRANKFURT (Reuters) – HeidelbergCement, the worlds No. 2 cement maker, said on Tuesday it aimed to cut carbon dioxide (CO2) emissions by almost 50% by 2030 compared with 1990, part of an industry-wide push to decarbonise.
Africa objects to U.S. push to reform health rules at WHO assembly
By Emma Farge and Jennifer Rigby GENEVA (Reuters) – African countries raised an objection on Tuesday to a U.S.-led proposal to reform the International Health Regulations (IHR), a move delegates say might prevent passage at the World Health Organizations annual assembly.
Global macro funds shine in hedge fund industry, proving popular with investors
By Svea Herbst-Bayliss and Carolina Mandl
As Fed amps up inflation fight, one policymaker urges caution
(Reuters) – With the Federal Reserve amping up its fight against 40-year high inflation, one U.S. central banker this week urged caution so as to avoid triggering “significant economic dislocation” with interest-rate hikes that were too sharp.
France sanguine differences over EU ban on Russian oil will be resolved
BERLIN (Reuters) -Frances new foreign minister said on Tuesday she was optimistic that those still opposed to a new European Union sanctions package that would phase out Russian oil imports to the bloc could be convinced and that the bloc would reach a deal.
Spanish hotel rates surge 36% as tourism takes off in April
MADRID (Reuters) – Hotels in Spain increased their rates by 36% in April from a year ago, charging 96.3 euros ($103.4) per night on average around the Easter holidays that marked a long-awaited rebound of tourism after the COVID-19 pandemic, official data showed.
Tata Steel says India export tax could alter output targets
By Aditya Kalra DAVOS, Switzerland (Reuters) – India‘s Tata Steel is concerned New Delhi’s sudden decision to impose an export tax on some steel products could force it to review its production targets, if the levy remains in place for a long time, its CEO told
Air Liquide opens liquid hydrogen facility in Nevada
(Reuters) – French industrial gas company Air Liquide on Tuesday said it has opened its largest liquid hydrogen production and logistics facility in North Las Vegas, Nevada, to supply growing needs for hydrogen-fueled vehicles.
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