PRAGUE (Reuters) -PPF Group will install investor Jiri Smejc as its new chief executive from June 15, turning to the longtime investment partner of the Czech company’s late billionaire founder to help navigate the vast business empire through new chall…
Analysis-Consumer boom nearly over as Central Europe heads into “decade of peril”
By Gergely Szakacs, Alan Charlish and Jason Hovet VELENCE, Hungary/WARSAW/PRAGUE (Reuters) – War may be raging on their doorstep but Central Europe’s economies are outpacing their euro zone peers as consumer spending booms. A reversal could come as soo…
New evidence found in Madeleine McCann case, says German prosecutor
By Catarina Demony LISBON (Reuters) – Investigators have found new evidence potentially incriminating the key suspect in the disappearance of British toddler Madeleine McCann 15 years ago, said Hans Christian Wolters, the German prosecutor who has been…
Volkswagen sees Q2 margin within guidance despite obstacles
FRANKFURT (Reuters) – Volkswagen expects a second-quarter profit margin “well within” its 7.0%-8.5% target range for 2022 despite ongoing chip and wire harness shortages as well as higher raw materials prices, finance chief Arno Antlitz said on Tuesday…
Food fight: Just Eat Takeaway faces shareholder backlash
By Toby Sterling AMSTERDAM (Reuters) -Just Eat Takeaway.com NV announced the departure of its chairman and an investigation into another senior executive, hours before facing shareholder criticism at a fiery annual meeting on Wednesday. Supervisory Cha…
UK bans services exports to Russia, sanctions Russian media outlets
LONDON (Reuters) – Britain banned all service sector exports to Russia on Wednesday and imposed sanctions on 63 individuals and organisations, its latest wave of measures to increase pressure on Moscow to reverse course and pull back from Ukraine. Prim…
EU proposes to ban in a month’s time shipping, financing services for Russian oil – source
BRUSSELS (Reuters) – The European Commission has proposed to ban in a month’s time all shipping, brokerage, insurance and financing services offered by EU companies for the transport of Russian oil worldwide, an EU source told Reuters on Wednesday. The…
EU proposes Russian oil ban to make Putin ‘pay high price’ for Ukraine
By Jan Strupczewski and Kate Abnett STRASBOURG (Reuters) -The European Union’s chief executive on Wednesday proposed a phased oil embargo on Russia, sanctions on its top bank and a ban on Russian broadcasters from European airwaves in its toughest meas…
Kindred shareholder urges Swedish gaming group to consider sale
(Reuters) – Swedish online gaming group Kindred’s shares rose 5% on Wednesday after a major shareholder told the board to consider a sale of the company. New York-based hedge fund Corvex Management, which holds more than 10% of Kindred shares, said it …
Stocks rally after Fed hikes rates, crude jumps
By Herbert Lash NEW YORK (Reuters) -U.S. stocks rallied and Treasury yields fell on Wednesday after the Federal Reserve raised interest rates by 50 basis points as expected and said it would begin to reduce its balance sheet in June in a decision seen …