FRANKFURT (Reuters) – Uniper, Germany’s largest importer of Russian gas, on Tuesday said its net debt rose more than six-fold in the first quarter, blaming higher liquidity needs to cover huge swings in energy prices. Economic net debt stood at 1.98 bi…
Swiss regulator extends transaction ban at Sberbank arm
ZURICH (Reuters) – Swiss financial market supervisor FINMA is extending a ban on payments and transactions at the Swiss arm of Russia’s largest lender Sberbank as part of a package of protective measures against the backdrop of widening sanctions and R…
France’s BNP Paribas posts 19.2% rise in quarterly net profit
PARIS (Reuters) – French bank BNP Paribas on Tuesday posted a 19.2% rise in net income in the first quarter, helped by a sharp increase in trading activities and said it kept 2025 targets amid the Russia-Ukraine conflict and a worsening economic growth…
Norsk Hydro Q1 record profit beats forecast
OSLO (Reuters) – Norwegian aluminium-maker Norsk Hydro reported on Tuesday record quarterly profits that beat expectations as metal prices soared. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 11.2 billion cro…
Alibaba stock falls, then recovers, after state media report
HONG KONG (Reuters) – Alibaba shares fell as much as 9% on Tuesday after a state media report that Chinese authorities had taken action against an individual surnamed Ma, but recouped losses after those reports were revised to make clear it was not the…
Moscow says 1,847 children among thousands transported from Ukraine to Russia
(Reuters) – More than 11,500 people, including 1,847 children, were transported from Ukraine into Russia on Monday without the participation of Kyiv’s authorities, Russia’s defence ministry said. That number includes evacuations from Russian-backed bre…
Netflix drops Meghan Markle’s animated series ‘Pearl’
By Maria Ponnezhath (Reuters) – Streaming platform Netflix Inc said on Sunday it had decided to stop work on Meghan Markle’s family series “Pearl” as it reviewed animated content. Dropping several projects, including Markle’s, was part of strategic dec…
Twitter estimates spam, fake accounts comprise less than 5% of users -filing
By Sheila Dang (Reuters) -Twitter Inc estimated in a filing on Monday that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter. The social media company had 229 million users who were served a…
UK’s Johnson joins final push to convince Arm to list in London -FT
(Reuters) – UK Prime Minister Boris Johnson has joined a final push to convince SoftBank Group Corp-backed chip designer Arm to list in London, the Financial Times reported on Monday, citing people familiar with the matter. Johnson has written to SoftB…
Enough nickel, lithium for 14 million EVs in 2023 – European climate group
By Nick Carey (Reuters) – Data shows there is enough nickel and lithium to produce up to 14 million electric vehicles (EVs) globally in 2023, so Europe should secure more raw materials to shift away from oil faster, campaign group Transport and Environ…