Musk says he would reverse Twitter ban on Donald Trump
(Reuters) -Tesla Chief Executive Elon Musk said Tuesday he would reverse Twitters ban on former U.S. President Donald Trump, while speaking at the Financial Times Future of the Car conference.
JPMorgan-advised IIF gets 95% of Italys Falck Renewables
MILAN (Reuters) – Infrastructure Investment Fund (IIF), a fund advised by JPMorgan, on Tuesday completed its takeover of Falck Renewables by securing more than 95% of the Italian green energy group following a buyout offer.
Explainer-How Sri Lanka spiralled into crisis
NEW DELHI (Reuters) – Sri Lanka‘s economic crisis has turned into deadly violence. Eight people died and over 200 were injured on Monday, the country’s powerful prime minister quit and his brother, the president, is seeking ways out of the chaos.
Ferragamo CEO says wants turnaround to be quick
MILAN (Reuters) – The chief executive of Ferragamo, Marco Gobbetti, said on Tuesday the groups turnaround would be quick as he outlined his strategy to revamp stores, lure younger customers and double sales in the medium-term.
Russias Gazprom says Ukrainian proposal to switch gas flows to new entry point is impossible
(Reuters) – Russian energy giant Gazprom on Tuesday said it was not technologically possible to switch gas transfers to Ukraine to a new entry point, as Ukraines gas system operator GTSOU was proposing.
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.
Why are food prices going up？ Key questions answered
CHICAGO (Reuters) – Why are food prices rising？
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.
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.
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.
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.
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.
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.
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.
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.
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.