(Reuters) – Insurer Prudential Plc named Manulife executive Anil Wadhwani as its new chief executive officer on Wednesday, and said he would assume the role in February. (Reporting by Yadarisa Shabong in Bengaluru; Editing by Sriraj Kalluvila)
EBRD prepares to raise more funds to rebuild Ukraine
By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – The European Bank for Reconstruction and Development (EBRD) said it is preparing to raise additional funds for the reconstruction of Ukraine after Russia’s invasion, after ple…
Britain’s M&S pulls out of Russia and warns on outlook
By James Davey LONDON (Reuters) -British retailer Marks & Spencer will pull out of Russia altogether and joined rivals in warning about the outlook for the current year amid a worsening cost-of-living crunch. The 138-year-old clothing and food company …
BoE’s Pill thinks more rate hikes needed but wary of recession – Western Mail
LONDON (Reuters) – Bank of England Chief Economist Huw Pill said he thought more interest rate hikes would be needed but that the central bank is conscious too much would leave the economy stuck in recession, in an interview published on Wednesday. “(T…
Britain approves Chelsea FC sale, sports minister says
LONDON (Reuters) – The British government issued a licence last night that permits the sale of football club Chelsea, sports minister Nadine Dorries said on Wednesday. Current owner Roman Abramovich is subject to sanctions by the British government. He…
Radiotherapy gear group Elekta’s profit up despite Ukraine, supply headwinds
STOCKHOLM (Reuters) – Radiation therapy equipment maker Elekta posted on Wednesday an unexpected rise in quarterly profit despite headwinds from global supply chain issues, Russia’s invasion of Ukraine and pandemic lockdowns in China. Operating profit …
Industry groups want G7 countries to align climate ambitions -BDI
FRANKFURT (Reuters) – The Group of Seven (G7) economic powers should align international climate protection ambitions along the lines of a “climate club” proposed by German Chancellor Olaf Scholz, the head of the Business 7 (B7) group of industry lobbi…
Trump rebuked in Georgia as Republicans reject his hand-picked midterm challengers
By Alexandra Ulmer ATLANTA (Reuters) – Georgia Republicans on Tuesday dealt Donald Trump his biggest defeat so far in his bid to play kingmaker in this year’s U.S. midterm elections, choosing Governor Brian Kemp and Secretary of State Brad Raffensperge…
TotalEnergies agrees to buy 50% of U.S. renewables company Clearway
PARIS (Reuters) – French company TotalEnergies said it had agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, which TotalEnergies said marked its largest U.S renewables energy acquisition. TotalEnergi…
Britain’s Legal & General joins up with Ancora for U.S. life sciences real estate
LONDON (Reuters) – British insurer Legal & General has formed a 50:50 partnership with U.S. developer Ancora to invest in U.S. life sciences and technology real estate in the first U.S. investment by its alternative assets arm, the insurer said on Wedn…