Carrefour accelerates in quick commerce with Flink, Cajoo deal
PARIS (Reuters) – European quick commerce group Flink is buying French rival quick commerce firm Cajoo and French retailer Carrefour, an early investor and exclusive retail partner of Cajoo, will become a direct Flink shareholder and partner, the companies said in a joint statement.
Portugal Millennium bcps quarterly profit doubles, despite losses in Poland
LISBON (Reuters) – Portugals largest listed bank, Millennium bcp, posted on Monday a 95% rise in first-quarter net profit, driven by robust income at home, despite losses at its Polish subsidiary due to heavy provisions for foreign currency loans.
Polish c.banker Kotecki says there is room for more rate hikes
WARSAW (Reuters) – Polands Monetary Policy Council (MPC) should keep raising interest rates, central banker Ludwik Kotecki said on Monday, as he predicted inflation could rise by a further two or three percentage points.
Frances Thales wins major contract for U.S. Army
(Reuters) – Thales won a ten-year contract to deliver advanced tactical radios to the U.S. Army as one of two vendors in a deal with an overall volume of $6 billion, the French defence group said on Monday.
Enel looking for partner to take 50% of Gridspertise unit
MILAN (Reuters) – Italys Enel is looking for a partner willing to take 50% of its grid services unit Gridspertise, the head of global infrastructure and networks Antonio Cammisecra said on Monday.
Yellen to unveil food security plans from international institutions at G7 meeting
WARSAW (Reuters) – U.S. Treasury Secretary Janet Yellen said she will release a new report this week on steps that international financial institutions are taking to address growing food insecurity brought on by Russias invasion of Ukraine.
Valneva shares slump after COVID vaccine deal with EU falls apart
By Natalie Grover (Reuters) -Valneva lost nearly a fifth of its value on Monday after the French drugmaker said its COVID-19 vaccine agreement with the European Commission was likely to be scrapped and it might have to rethink its financial guidance.
Ukrainian court seizes assets of Russian billionaire Mikhail Fridman – prosecutor general
KYIV (Reuters) – A Ukrainian court has seized assets of Russian billionaire Mikhail Fridman worth 12.4 billion hryvnia ($420 million), Ukrainian Prosecutor General Iryna Venediktova said on Monday.
Russia gives Credit Bank of Moscow licence to export gold
(Reuters) – Credit Bank of Moscow (MKB), one of Russias largest private lenders, has obtained a gold export licence from the government, it said on Monday, becoming the latest Russian bank to turn to precious metals trade to offset the impact of sanctions.
“Time will tell”, says Brazils central bank director on future rate hike
BRASILIA (Reuters) – Brazils central bank Monetary Policy Director Bruno Serra said on Monday that policymakers have already signaled a likely interest rate hike in June, and that from now on “time will tell”.
Britains Tesco steps up support for struggling pig industry
LONDON (Reuters) – Tesco, Britain‘s biggest supermarket group, has secured an additional 6.6 million pounds ($8.1 million) of support for the country’s struggling pig industry, it said on Monday.
Mexico to receive U.S. delegation to discuss Americas summit
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Monday that he will receive a delegation on Wednesday of organizers of the U.S.-hosted Summit of the Americas, in which his government will set out why it wants all countries in the region to
Uber launches robot food delivery in California
By Tina Bellon (Reuters) – Uber Technologies Inc on Monday said it launched pilot food delivery services with autonomous vehicles in two California cities, and said it was adding electric vehicle charging stations into its global driver app.
Ukraine‘s president says he discussed need for financial support with IMF’s Georgieva
KYIV (Reuters) – Ukrainian President Volodymyr Zelenskiy said on Monday he had discussed the need for financial support for Ukraines economy with International Monetary Fund Managing Director Kristalina Georgieva.
Exclusive-Former top Republican lawmaker in Colorado received leak of voting data
By Alexandra Ulmer (Reuters) – A former Republican minority leader of the Colorado legislature is among the recipients of a trove of sensitive voting data leaked by a county official working with an activist seeking to prove President Donald Trumps false stolen-election claims, the secretary of
Unilateral action on N. Ireland is wrong, Sinn Fein tells UKs Johnson
HILLSBOROUGH, Northern Ireland (Reuters) – Sinn Fein President Mary Lou McDonald said her party had a “fairly tough” meeting with British Prime Minister Boris Johnson on Monday in which they told him taking unilateral action over post-Brexit trade rules for Northern Ireland would be wrong.
Bailey says hes unhappy about inflation but BoE not to blame
LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Monday he was “not at all happy” about the surge in inflation in Britain but he also said he did not think the central bank could have done anything differently to prevent it.
BlackRocks Rieder: summer rally coming in U.S. bonds but bull market likely over
By Davide Barbuscia NEW YORK (Reuters) – A sell-off in U.S. stocks and bonds will likely dry up during the summer months as the Federal Reserve whittles down its nearly $9 trillion balance sheet, said Rick Rieder, chief investment officer of global fixed income at Blackrock,
Italys Saras rises as high refining margins drive strong Q1 results
(Reuters) – Italian refiner Saras said on Monday its first-quarter comparable core earnings swung to a profit helped by surging oil prices and diesel refining margins, driving shares up 7.3%.
BoEs Bailey speaks to lawmakers about inflation
LONDON (Reuters) – Bank of England Governor Andrew Bailey and other top officials from the British central bank spoke to lawmakers on Monday about this months decision to raise interest rates in the face of an inflation rate they think will hit 10% this year.