Texas power demand hits monthly record in heatwave
(Reuters) – The Texas power grid said Tuesday that it has sufficient resources to meet demand this week as consumers crank up their air conditioners to escape unseasonably hot weather after usage soared to a monthly record on Monday.
EBRD to exit Russia investments “as quickly as possible” – president
MARRAKECH (Reuters) – The European Bank for Reconstruction and Development (EBRD) will exit its stakes in Russian companies as quickly as possible, the lenders President Odile Renaud-Basso said on Tuesday.
Ukraines Zelenskiy tells Malta to clamp down on Russian dual-nationals
By Chris Scicluna VALLETTA (Reuters) – Ukrainian President Volodymyr Zelenskiy urged Malta on Tuesday to stop Russians from abusing passports handed out as part of a lucrative citizenship scheme, and to prevent its ships from transporting Russian oil.
Why are food prices going up？ Key questions answered
CHICAGO (Reuters) – Why are food prices rising？
Investors think unlikely Musk buys Twitter at agreed $44 billion price
(Reuters) – The stock market took the view for the first time on Tuesday that it was unlikely that Elon Musk will acquire Twitter Inc for $44 billion, as he originally agreed.
Carvana to lay off about 2,500 employees
(Reuters) – Online used-car retailer Carvana Co said on Tuesday that it would lay off about 2,500 employees primarily in operational groups.
French TV blockbuster producer Banijay to go public via Arnault-backed blank check company
PARIS (Reuters) – French media group Banijay will go public through a merger with a blank-check acquisition firm backed by billionaire Bernard Arnault in a deal worth more than 4 billion euros ($4.21 billion), an executive at its parent company said on Tuesday.
Ukraine operator to suspend Russian gas flow via Sokhranivka entry point
By Susanna Twidale LONDON (Reuters) -Ukraines gas system operator GTSOU said on Tuesday it would declare force majeure on the transportation of Russian gas through the Sokhranivka entry point, with flows stopping on May 11.
PostNL reaches agreement with Dutch trade unions on pay increase
(Reuters) – Dutch postal firm PostNL said on Tuesday it had reached an agreement in principle with two trade unions, which would see postal wages rise 8% in two years.
Four Russian governors resign as sanctions bite
(Reuters) – Four Russian regional governors resigned on Tuesday as the country braces for the impact of economic sanctions.
Rising rates mean debt cant be ignored -French cenbanker
PARIS (Reuters) – Higher interest rates make it all the more important for post-pandemic government debt levels to be brought to more sustainable levels, the head of Frances central bank said on Tuesday.
Francess Eiffage reports first quarter revenue up 10%
(Reuters) – French building and infrastructure group Eiffage on Tuesday posted a rise in quarterly revenues, with its concessions business showing a strong recovery from the impact of the pandemic.
Pirelli says operating earnings grew 35% in first quarter
MILAN (Reuters) – Italys Pirelli said on Tuesday its operating profit grew 35% in the first quarter, topping estimates, despite an economic outlook for this year that is being held back by geopolitical tensions, inflation and a lockdown in China.
Ferragamo aims to double sales mid-term but warns of China hit
(Reuters) – Revenues at Italian luxury group Salvatore Ferragamo beat market forecasts in the first quarter despite a decline in retail sales in China because of new COVID-19 restrictions, and the group said it expected to double sales in the medium term.
JPMorgan, Goldman pushed to name clients trading Russia debt – Bloomberg News
(Reuters) – JPMorgan Chase & Co and Goldman Sachs Group Inc are being pressed to hand over extensive information on clients trading Russian debt, Bloomberg News reported on Tuesday, citing letters sent to chief executives of both banks.
Ukraines Zelenskiy says sixth package of EU sanctions against Russia needed
(Reuters) – Ukrainian President Volodymyr Zelenskiy said on Tuesday the European Union‘s planned sixth package of sanctions against Russia, including an oil embargo, was needed as the bloc’s proposals still faced talks.
UN rights boss to arrive in China for historic visit by month-end
(Corrects to add dropped letter in spokespersons name)
UK PM Johnson promises more to say on cost of living support in coming days
LONDON (Reuters) – British Prime Minister Boris Johnson and Chancellor Rishi Sunak will have more to say in the coming days on helping voters with the current cost of living crisis, Johnson said in parliament on Tuesday.
Italys TIM on track to secure state-backed credit line – sources
By Giuseppe Fonte, Valentina Za and Elvira Pollina
Appeals court dismisses New York lawsuit against Amazon.com over worker safety
(Reuters) – A New York state appeals court on Tuesday dismissed state Attorney General Letitia James‘ lawsuit against Amazon.com Inc over the online retailer’s safety protocols for thousands of workers at two New York City facilities.
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