By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators on Friday dropped their year-long investigation into Kingspan’s proposed acquisition of Slovenian rival Trimo after the Irish insulation maker abandoned its bid. The European Commission had p…
Wall Street dives, dollar jumps as rate hikes take spotlight
By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks tumbled on Friday while the U.S. dollar hit a more than two-year high as investors prepared for a bevy of interest rate hikes in a global inflation fight. All three major Wall Street indices ended dow…
Carlos Ghosn surprised by French international arrest warrant
PARIS (Reuters) -Carlos Ghosn was surprised by an international warrant sought by a French magistrate linked to an investigation into allegations of suspect money flows to an Omani dealership, a spokesman for the fugitive former Renault-Nissan boss sai…
Scholz says top priority is avoiding NATO confrontation with Russia
BERLIN (Reuters) -NATO must avoid a direct military confrontation with Russia that could lead to a third world war, German Chancellor Olaf Scholz said in an interview with Der Spiegel when asked about Germany’s failure to deliver heavy weapons to Ukrai…
Factbox-Companies count the cost of ditching Russia
(Reuters) – Multinational companies that announced their exit from Russia, or suspension of activities there, after its invasion of Ukraine have started to calculate losses associated with their decisions. Below is an alphabetical list of firms that ha…
Ukraine and Russia: What you need to know right now
(Reuters) – U.S. Secretary of State Antony Blinken and Defence Secretary Lloyd Austin were to visit Kyiv on Sunday to discuss Ukraine’s request for more powerful weapons after two months of combat with invading Russian forces. President Volodymyr Zelen…
Russia says Ukrainian fighters ‘securely blockaded’ at Mariupol steel plant
LONDON (Reuters) – Russia’s defence ministry said on Friday that Ukrainian fighters and foreign mercenaries had been “securely blockaded” at the Azovstal steel plant where they have been holding out in the Ukrainian city of Mariupol. President Vladimir…
Britain’s Frasers to pay $27 million to incoming CEO
By James Davey LONDON (Reuters) – The partner of Mike Ashley’s daughter will get a 20.9 million pound ($26.9 million) payment for consultancy services to the billionaire’s Frasers Group, before taking the helm of the retail empire next month. Sportswea…
China, rate hike worries push European stocks to 1-month closing low
By Anisha Sircar and Sruthi Shankar (Reuters) -European shares closed at near one-month lows on Friday as a cocktail of negative factors from China’s COVID lockdowns to worries about rapid interest rate hikes subdued sentiment globally. The pan-Europea…
Lufthansa limits catering on some flights due to staff shortages
BERLIN (Reuters) – German flag carrier Lufthansa said on Friday it had to reduce the buy-on-board meal offer for some short- and medium-haul routes departing from Frankfurt as its catering contractor Gate Gourmet struggles with staff shortages. “This m…