IMF chief optimistic G7 funds for Ukraine can stave off hyperinflation
KOENIGSWINTER, Germany (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Thursday she was “getting more optimistic” that a G7 agreement to provide new budget funding to Ukraine can be reached and can help the country avoid hyperinflation.
McDonalds to sell Russia business to current licensee
(Reuters) -McDonalds Corp on Thursday reached a deal to sell its Russia restaurants to its current licensee Alexander Govor and said the outlets would operate under a new brand.
Chilean man finds fathers million-dollar bankbook, government fights back
By Esteban Medel SANTIAGO (Reuters) – Exequiel Hinojosas father was saving up to buy a house in the 1960s and 70s and managed to save up almost 140,000 pesos, about $163 now, meticulously detailed in a bankbook of a now defunct credit union.
EU lawmakers back minimum corporate tax, seek future review
BRUSSELS (Reuters) – The European Parliament overwhelmingly backed the European Unions adoption of a global minimum tax for companies on Thursday and urged the bloc to allow a review after five years that could tighten controls.
Climate-focused Dutch funds to take lead on Shell investor engagement
By Shadia Nasralla and Ron Bousso LONDON (Reuters) – Two climate-focused Dutch pension fund managers have been named to lead climate negotiations with Shell on behalf of a major group of investors that helped shape the energy companys drive to cut greenhouse gas emissions.
Mercedes-Benz aims to cut production complexity, reduce battery weight- CTO
By Victoria Waldersee and Ilona Wissenbach
Potanin not planning further Russian banking M&A -Interfax
(Reuters) -Businessman Vladimir Potanin is not planning any further Russian banking acquisitions after two high-profile deals, and has turned down a proposal to buy the Russian arm of Italys UniCredit, he told the Interfax news agency on Thursday.
Vietnam court jails ex-health official amid anti-graft drive
HANOI (Reuters) – A court in Vietnam on Thursday sentenced a former deputy health minister to four years in prison for his involvement in a trading ring for fake medicines.
Spirit Airlines calls for shareholders to reject JetBlue bid
By David Shepardson (Reuters) – Spirit Airlines urged shareholders to reject a hostile bid by JetBlue Airlines on Thursday, saying it was “a cynical attempt to disrupt” its merger with Frontier.
U.S. banks 2021 hiring show lenders are seeking talent far beyond Wall Street
By Elizabeth Dilts Marshall NEW YORK (Reuters) – More than half of the new employees banks and other financial services companies hired in 2021 are based in Orlando, Dallas and other cities – far from Wall Street – as the battle for talent pushed companies to
Record numbers of people displaced in their own countries in a ‘world falling apart’
By Emma Farge GENEVA (Reuters) – In a world beset by conflicts and natural disasters, the number of people who fled their homes and sought shelter within their own countries hit a record high of close to 60 million by the end of last year, according
In Mexico, a decade of images shows Mennonites traditions frozen in time
By Jose Luis Gonzalez and Cassandra Garrison
More Russian oil going east squeezes Iranian crude sales to China
By Bozorgmehr Sharafedin, Florence Tan and Chen Aizhu
Mercedes-Benz aims for more luxury in model line-up
By Victoria Waldersee and Ilona Wissenbach
ECB accounts shows inflation worry; urgency of policy action
FRANKFURT (Reuters) – European Central Bank policymakers expressed widespread concern about the spread of inflation and made the case for continued policy normalisation, the accounts of their April 14 meeting showed on Thursday.
Moscow says opening Ukraine ports would need review of sanctions on Russia – Interfax
(Reuters) – Moscow said on Thursday that sanctions on Russia would have to be reviewed if it were to heed a U.N. appeal to open access to Ukraines Black Sea ports so that grain could be exported, according to an Interfax news agency report.
Volkswagen, Mahindra explore partnership for electric vehicle components
By Aditi Shah NEW DELHI (Reuters) – Germanys Volkswagen AG is exploring a partnership to supply electric components to Indian automaker Mahindra and Mahindra, the companies said on Thursday.
Polands PKO BP says rates not causing repayment problems yet
WARSAW (Reuters) – Polands largest lender PKO BP does not expect problems with loan repayments at the current level of interest rates, its deputy head said on Thursday, but he added that there might be problems if rates go higher.
Grab reports rise in revenue on strong demand for food delivery
(Reuters) -Grab Holdings Ltd, Southeast Asias No. 1 ride-hailing and food delivery firm, on Thursday reported a 6% rise in quarterly revenue as more people ordered food online.
Sweden gives go-ahead for offshore windpark to power 500,000 homes
STOCKHOLM (Reuters) – Swedens government said on Thursday it had given state-owned utility Vattenfall a renewed and expanded license to build a windpark off the southern coast of Sweden which will produce enough power for around 500,000 homes each year.