LJUBLJANA (Reuters) – The European Central Bank has firmed up expectations that it will raise its benchmark interest rate in July for the first time in more than a decade to fight record-high inflation, with some policymakers even hinting on Wednesday …
UK PM Johnson says NATO does not pose a threat to anyone
HELSINKI (Reuters) – British Prime Minister Boris Johnson on Wednesday said that NATO was a defensive alliance and did not pose a threat to any other country, as Sweden and Finland consider joining the organisation in the wake of Russia’s invasion of U…
Italy’s Draghi plays down risk of Russian gas supply disruption
WASHINGTON (Reuters) -Italian Prime Minister Mario Draghi said on Wednesday he was confident Moscow’s demand that European buyers pay for Russian gas in roubles will not lead to a disruption of supplies. The European Commission has warned that complyin…
Boeing sees progress on 787, China, but supply chain risks loom
By Eric M. Johnson and Aishwarya Nair SEATTLE (Reuters) – Boeing Co said on Wednesday it would study an equity raise after unlocking deliveries of its 787 and returning its cash-cow 737 MAX to service in China, but flagged supply chain risks amid broad…
Ubisoft expects lower profits in 2022-23 after missing full-year estimate
(Reuters) -French video game group Ubisoft on Wednesday forecast lower operating profit for 2022-23 after the company reported operating income for 2021-22 that missed estimates. Gaming companies saw a jump in demand in 2020 as people were restricted t…
Brembo’s Q1 core profit rises 11.2% despite tense macro scenario
(Reuters) – Shares in Brembo rose 3.8% on Wednesday after the Italian brake maker posted a 11.2% rise in first-quarter core earnings despite geopolitical tensions, inflation and China’s lockdowns due to the resurgence of the coronavirus pandemic. Earni…
HeidelbergCement Q1 core profit falls on higher energy, transport costs
FRANKFURT (Reuters) – HeidelbergCement, the world’s second-largest cement maker, on Wednesday posted a 27% drop in first-quarter core profit, blaming a significant increase in energy and logistics costs. “The first quarter of 2022 was not an easy one f…
Russian diplomats spurned in Europe’s capitals
By Joanna Plucinska and Andrius Sytas WARSAW/VILNIUS (Reuters) -Russian diplomat Sergiy Andreev was feeling unwelcome on the streets of Warsaw even before protesters doused him with red liquid thrown in his face at short range this week. Soon after Rus…
Russian gas flows to Europe via Ukraine fall after Kyiv shuts one route
By Nina Chestney LONDON (Reuters) -Russian gas flows to Europe via Ukraine fell by a quarter on Wednesday after Kyiv halted use of a major transit route blaming interference by occupying Russian forces, the first time exports via Ukraine have been disr…
Train maker Alstom’s shares slide as cash flow divides
By Juliette Portala (Reuters) – Alstom’s shares slipped sharply on Wednesday, erasing earlier strong gains as the French train maker’s comments on cash flow generation and guidance divided the market. The stock climbed 9% after the market opened, befor…