Meatpackers convinced Trump officials to keep plants running during COVID crisis -U.S. House report
By Leah Douglas (Reuters) – Top U.S. meatpacking companies drafted the executive order issued by President Donald Trump in 2020 to keep meat plants running and convinced his administration to encourage workers to stay on the job at the height of the COVID-19 pandemic, according to
Renault expects first hydrogen utility sales in Germany and Netherlands soon, executive says
PARIS (Reuters) – Renault hopes to receive first orders for its hydrogen-powered minibuses and vans from the Netherlands and Germany soon, the head of the companys light commercial vehicles department told Reuters, as soaring pump prices boosted customer interest in the technology.
Equita says some shareholders received expression of interest for 12% stake
MILAN (Reuters) – A group of shareholders at Italys Equita received expressions of interest for a total of some 12% of the independent investment bank, the group said on Thursday.
BP shareholders back companys climate strategy
LONDON (Reuters) – BP shareholders on Thursday backed the companys climate strategy, while fewer investors than last year supported a second resolution filed by an activist group urging faster action to battle climate change. BP plans to slash its
Swiss release some frozen Russian assets
By Brenna Hughes Neghaiwi and Silke Koltrowitz
Britain awards Equinor, BP carbon storage licences in Southern North Sea
OSLO (Reuters) – Britains North Sea Transition Authority (NSTA) on Thursday said it has awarded energy firms Equinor and BP two carbon storage licences on the UK Continental Shelf off the coast of Humberside.
German tax estimates show jump in expected revenues; Finance Minister guarded
BERLIN (Reuters) – The German government can expect significantly higher tax revenues in the coming years than projected last November, updated official estimates showed on Thursday.
Nornickel is first Russian firm to get OK to keep listing abroad
(Reuters) – Metals giant Nornickel has become the first Russian company to be granted permission by a government commission to keep its listing abroad – for one year for now.
German regulator does not expect immediate fallout from Russias Yamal move
FRANKFURT (Reuters) – Germanys energy regulator on Thursday said a stop of Russian gas flows through the Yamal pipeline to Europe via Poland was not expected to endanger German supply security.
Moscow lawyers target more cases against Western firms that leave Russia
(Reuters) – A Moscow law firm that has filed cases against Apple and Netflix over what it says are consumer rights violations is aiming to “punish” other Western companies that have quit Russia, its senior partner told Reuters.
Poste Italiane profit climbs 12% on financial product sales
MILAN (Reuters) – Poste Italiane reported an 11.8% annual jump in operating profit for the first quarter as robust results from the insurance business helped the national postal operator offset weakness in the traditional mail division.
Brazils services activity beats forecasts with 1.7% rise in March
By Marcela Ayres BRASILIA (Reuters) – Services activity in Brazil rose more than expected in March and at a record pace for the month, official figures showed on Thursday, marking a strong recovery from the severe downturn caused by the COVID pandemic.
Top U.S. diplomat Blinken heads to Europe for NATO, trade meetings
WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken will travel to Germany on Saturday for a meeting of NATO foreign ministers on their response to the war in Ukraine, the State Department said on Thursday.
Spains Naturgy reports lower than expected Q1 net profit, shares fall
MADRID (Reuters) – Spanish gas and electricity group Naturgy posted a 9.4% fall in net profit on Thursday as demand in its home market dropped and commercial margins narrowed, sending its shares down 6% in afternoon trading.
Exclusive-Tycoon close to outgoing Philippines president considering sales of big assets – sources
MANILA (Reuters) – A tycoon and close associate of outgoing Philippines President Rodrigo Duterte is considering selling businesses collectively worth several billion dollars, including a South China Sea gas field and a commercial land lease firm at the site of a former U.S. military base, two
Beyond Meat set to slip below IPO price as surging costs raise cash doubts
(Reuters) – Shares of Beyond Meat slumped 28% and were on track to open below their initial public offering price for the first time on Thursday as investors fretted over the vegan meat makers rising costs to battle increased competition.
Peru community wants its land back, threatening Chinese copper mine
By Marcelo Rochabrun LAS BAMBAS, Peru (Reuters) – The community of Fuerabamba in the Andean region of Peru was resettled eight years ago to make way for a giant Chinese-owned copper mine, in a $1.2 billion scheme billed as a model solution to protests dogging the
India consumer price inflation hits eight-year high on food, energy costs
By Manoj Kumar and Aftab Ahmed NEW DELHI (Reuters) -Rising food and energy prices pushed India‘s annual retail inflation up towards an eight-year high in April, strengthening economists’ view that the central bank would have to raise interest rates more aggressively to curb prices.
Prysmian sees FY core profit at higher end of guidance after Q1 jump
MILAN (Reuters) – Prysmian said on Thursday its core profit rose 35% in the first quarter thanks to a solid performance at its energy and telecoms businesses, with the company guiding for a full year result at the higher end of its forecast.
Morgan Stanley warns 2022 global economic growth to be less than half of 2021
Morgan Stanley forecasts this year's global economic growth to be less than half of 2021
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