Mastercard to cover employee travel, lodging for out-of-state abortions
(Reuters) – Mastercard Inc on Wednesday said it will fund travel and lodging for employees seeking abortions outside their home states from June, according to an internal memo seen by Reuters.
Vallourec to close sites in Germany, France and Scotland
(Reuters) – Vallourec is starting a process to close its German manufacturing sites as it had failed to find a “credible” buyer for the assets, the French steel pipe maker said on Wednesday.
Frances Societe Generale closes Rosbank sale
PARIS (Reuters) – Societe Generale said on Wednesday it had closed the sale of its Russian business Rosbank to the Interros group, a firm linked to Russian oligarch Vladimir Potanin, which will result in the bank taking a 3.2 billion-euro ($3.35 billion) net income hit.
Brazilians take on Braskem in Dutch court over city of cracks
By Kirstin Ridley LONDON (Reuters) – A group of Brazilians seeking to sue petrochemicals giant Braskem SA in the Netherlands, after tremors and gaping cracks forced thousands to abandon their homes, will hear in September whether the test case can proceed.
Nigeria‘s Lagos bans ’nuisance motorbike taxis from most roads
LAGOS (Reuters) – Nigerias commercial capital Lagos said on Wednesday it will ban motorcycle taxis from operating in most of the traffic-clogged city, removing a popular mode of transport for residents.
Czech central banks Nidetzky: June rate hike coming -Seznam Zpravy
PRAGUE (Reuters) – The Czech central bank is likely to deliver another interest rate hike in June as long as nothing economically significant happens before then, although to what extent will depend on the current situation, Vice-Governor Tomas Nidetzky said.
Instant View-S&P 500 tumbles 3% on Target, tightening concerns
(Reuters) – Wall Streets stock indexes tumbled as much as 3% on Wednesday as a growth share rally reversed amid concerns about economic growth highlighted by a 26% plunge in Target Corp shares after the retailer became the latest victim of surging prices.
Chiles congress approves minimum wage hike
SANTIAGO (Reuters) – Chiles congress voted to approve an increase in the minimum wage on Wednesday as the Andean country struggles with soaring inflation.
Spains BBVA pays $1.4 billion for additional 36.12% stake in Turkish lender Garanti
ISTANBUL/MADRID (Reuters) – Spains BBVA said on Wednesday it had paid 22.76 billion Turkish lira ($1.43 billion) for an additional 36.12% stake in Turkish lender Garanti following its voluntary takeover offer.
U.S. extends application deadline for nuclear power rescue program
WASHINGTON (Reuters) – The U.S. Department of Energy said on Wednesday it has extended a deadline by 47 days, to July 5, for nuclear power plants to apply for federal funding to keep them running.
Mediobancas stake in Generali drops back to just under 13% after AGM win
MILAN (Reuters) – Mediobancas stake in Generali is down to just under 13% after the investment bank returned shares it had borrowed to have a greater say at a shareholder meeting of the insurer last month, a regulatory filing showed on Wednesday.
Treasurys Yellen says U.S. committed to market-determined exchange rate
BONN, Germany (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday the United States was committed to a market-determined exchange rate, after being asked by reporters about recent strengthening of the dollar.
Finnish finance veteran, Sampo chair Wahlroos to step down
HELSINKI (Reuters) – The chairman of Finnish insurer Sampo Bjorn Wahlroos, a veteran of the Nordic countrys financial industry, said on Wednesday he would step down in 2023.
Russian weekly inflation eases further after recent spike
(Reuters) – Russias weekly inflation rate eased further in May, data from statistics service Rosstat showed on Wednesday, after spiking sharply soon after Russia began what it calls a “special military operation” in Ukraine on Feb. 24.
Carvanas license to sell vehicles in Illinois suspended – state official
(Reuters) – Online used-car retailer Carvana Cos license to sell vehicles in Illinois was suspended on May 10 over the mishandling of paperwork related to its vehicle sales, a state official said on Wednesday.
White House looks to help smaller cities get infrastructure boost
By David Shepardson WASHINGTON (Reuters) – The White House and philanthropic agencies are working to make it easier for smaller cities and counties to apply for funding under a $1 trillion infrastructure law that aims to rebuild U.S. roads, bridges, airports and expand broadband access.
World in no better place to fight pandemics than before COVID – review
By Jennifer Rigby LONDON (Reuters) -The world is no better prepared for a new pandemic than it was when coronavirus emerged in 2019 and may actually be in a worse place given the economic toll, according to a panel set up by the World Health Organization (WHO) to evaluate the
Air Canada sees business travel rebound as early as Sept., executive says
MONTREAL (Reuters) – Air Canada sees higher-margin business travel coming “quite close” to pre-pandemic levels by as early as September, in the latest encouraging sign for the once hard-hit sector, a top executive told Reuters.
Oceans are hotter, higher and more acidic, climate report warns
By Jake Spring (Reuters) -The worlds oceans grew to their warmest and most acidic levels on record last year, the World Meteorological Organization (WMO) said on Wednesday, as United Nations officials warned that war in Ukraine threatened global climate commitments.
Factbox-Surging food prices fuel protests across developing world
(Reuters) – The war in Ukraine and drought fuelled by climate change has sent global prices for grains, cooking oils, fuel and fertilizer soaring.
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