By Herbert Lash and Lawrence White NEW YORK/LONDON (Reuters) -Shares slid worldwide on Tuesday as supply chain woes and surging costs hurt corporate earnings and manufacturing output slowed, while Treasury yields dipped as the weakness in equities revi…
Dividend payouts hit first quarter record, but outlook rocky
By Lucy Raitano LONDON (Reuters) – Mining and oil firms led an 11% jump in dividend payouts to a first-quarter record of $302.5 billion, according to a closely-watched global report, though it warned companies face a growing number of challenges in the…
British power firms’ shares slide after windfall tax report
(Reuters) -Shares of British power generating firms plunged on Tuesday after a news report that Britain had ordered plans be drawn up for a possible windfall tax on more than 10 billion pounds ($12.6 billion) of excess profits made by the companies. Br…
Indonesia has no plan to reduce palm oil in biodiesel mix – minister
By Divya Chowdhury DAVOS, Switzerland (Reuters) – Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30% in order to ensure the country’s energy supply, its minister for economic affairs, Airlangga Harta…
Lithuania calls on EU to provide cash for Ukrainian refugees
By Jan Strupczewski BRUSSELS (Reuters) – Lithuanian Finance Minister Gintare Skaiste urged the European Union on Monday to set up a fund that would help countries welcoming thousands of Ukrainian refugees manage the financial burden, just like the EU d…
Britain’s Queen Elizabeth attends Chelsea Flower Show
LONDON (Reuters) – Britain’s Queen Elizabeth attended the Chelsea Flower Show on Monday, the latest of several appearances that have helped to ease public concerns about her health ahead of a national celebration of her seven decades on the throne. The…
In Niger, Scholz vows to support fight against Islamist militants
By Andreas Rinke NIAMEY (Reuters) – German Chancellor Olaf Scholz promised Niger long-term military and financial support to fight Islamist insurgents across West Africa, during a visit on Monday on his inaugural Africa tour. Niger has taken on a bigge…
Ukrainian court orders ex-president’s arrest in absentia on treason charge
KYIV (Reuters) – A Ukrainian court on Monday ordered the arrest in absentia of former President Viktor Yanukovich, accusing him of treason over an agreement he signed in 2010 extending Russia’s lease on naval facilities in Crimea. The agreement, widely…
Fresh photos of UK PM Johnson drinking reignite ‘Partygate’ row
LONDON (Reuters) -New photographs of Prime Minister Boris Johnson drinking at a leaving party at his Downing Street residence have been published, reigniting opposition accusations that he breached his own COVID-19 lockdown rules. The photographs, obta…
Barclays finds ‘material weakness’ in internal controls after issuance blunder
By Lawrence White and Iain Withers LONDON (Reuters) – Barclays said on Monday it had identified a single “material weakness” in its internal control processes, as it refiled its accounts with U.S. regulators after a blunder led it to issue more structu…