First baby formula shipment arrives from Europe on U.S. military plane
By Ahmed Aboulenein WASHINGTON (Reuters) – A military cargo plane carrying the first shipment of infant formula from Europe to address a critical shortage in the United States landed in Indianapolis on Sunday.
Ukraine comes to Davos in first spring gathering of business leaders
By Sabine Siebold DAVOS, Switzerland (Reuters) – Russia would normally have its own “house” at the World Economic Forum as a showcase for business leaders and investors.
India‘s top crypto app CoinSwitch calls for regulatory ’peace, certainty
By Aditya Kalra DAVOS, Switzerland (Reuters) – India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors and boost its crypto sector, CoinSwitch CEO Ashish Singhal said on Sunday.
Indian steelmakers face hit on Europe deals over export tax -JSPL exec
By Sudarshan Varadhan and Aftab Ahmed NEW DELHI (Reuters) – Indian steel firms could be forced to cancel European orders and suffer losses after an overnight decision to impose export taxes on steel products, V R Sharma, managing director at Jindal Steel and Power told Reuters.
Paytm payments bank expects central bank curbs to be lifted in three-five months
By Nupur Anand MUMBAI (Reuters) – Indias Paytm Payments Bank, which facilitates transactions on mobile commerce platform Paytm, expects the central bank to allow it to resume taking on new customers in the next few months, a top executive told Reuters.
Exclusive-India considering spending additional $26 billion to fight inflation -sources
By Aftab Ahmed NEW DELHI (Reuters) – The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to cushion consumers from rising prices and fight multi-year high inflation, two government officials told Reuters.
Czech central bank chief: rates likely to rise in June if forecast confirmed
PRAGUE (Reuters) – The Czech central bank will likely raise interest rate further in June if data from the economy are in line with the banks latest macroeconomic forecast, Governor Jiri Rusnok said on Sunday.
Tunisias Ennahda rejects formation of advisory committee to draft new constitution
(Reuters) – Tunisia‘s main opposition party, the Islamist Ennahda, rejected on Sunday President Kais Saied’s decision to name members of an advisory committee to draft a new constitution for a “new republic”, it said in a statement.
Russia looms large on Scholzs first Africa tour as chancellor
By Andreas Rinke and Sarah Marsh BERLIN (Reuters) – Russia‘s impact on energy and food prices and security will provide the backdrop to Olaf Scholz’s first trip to Africa as German Chancellor, a three-day tour of Senegal, Niger and South Africa kicking off on Sunday.
Analysis-Australian women unleash new political force on climate, integrity
By Kirsty Needham SYDNEY (Reuters) – Professional women and voters concerned about climate change unleashed a third force in Australias election, taking a swath of seats that ended nine years of conservative rule even as votes for the winning Labor Party fell.
Pacific leaders congratulate Labors Albanese on election result
SYDNEY (Reuters) – The Solomon Islands has congratulated Australia‘s Labor leader, Anthony Albanese, on his election victory, saying much “remains to be done” in the bilateral relationship, as Pacific islands neighbour Fiji welcomed the party’s climate policies.
Siemens Energy makes 4.1 billion eur bid for remaining Siemens Gamesa stake
FRANKFURT (Reuters) – Siemens Energy on Saturday said it would offer 18.05 euros ($19.06) per share for the remaining third it does not already own in Spanish-listed Siemens Gamesa, hoping to remove a complex ownership structure that has weighed on its shares.
Retail sell-off: discounters, auto stores lead losses
By Sinéad Carew (Reuters) – A rout in consumer stocks gained more steam on Friday, as shares of Ross Stores led a retreat of other discount stores to cap off a bleak week for retailers.
Italys TIM, CDP eye preliminary deal on single network, sources say
(Fixes reference to Macquarie and KKR in paragraph 9)
Russias Inter RAO says Nord Pool will halt trade for its subsidiaries
(Reuters) – Russian utility Inter RAO said on Friday that pan-European exchange Nord Pool has sent a notification that it will stop trade operations for its subsidiaries from Sunday due to risks of failure to pay for power supplies from Russia.
Gazprom says it will halt gas supplies to Finland, will contest arbitration
(Reuters) – Gazprom Export, the exporting arm of Russian gas giant Gazprom, confirmed on Friday it would suspend gas sales for Finnish state-owned gas wholesaler Gasum starting from Saturday.
Italy expects to cap MPS cash call at $2.6 billion in latest plan -sources
By Valentina Za, Giuseppe Fonte and Pamela Barbaglia
Japan, Europe tread different paths as G7 warns of inflation risks
By Leika Kihara and Francesco Canepa KOENIGSWINTER, Germany (Reuters) – Having long trod a similar path in tackling low inflation, Japan and Europe now appear to be taking contrasting approaches to monetary policy and the risks of rising prices, which drew warnings at this weeks Group
Coffee demand up but not yet percolating at pre-pandemic levels -report
By Marcelo Teixeira NEW YORK (Reuters) – Demand for coffee in non-producing countries showed a healthy recovery in the first quarter, although there are signs of possible slowdowns in demand in Russia and China for the coming quarters, analysts from Rabobank said in a report on
UK may impose duties of up to 29% on Chinese aluminium extrusions
LONDON (Reuters) – Britain may impose anti-dumping duties of up to 29% on aluminium extrusions from China to protect domestic producers, a trade agency said on Friday.
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