By Richa Naidu LONDON (Reuters) -Some Swedish Match investors are divided about whether Philip Morris’ $16 billion offer for the Stockholm-based company is good value for one of the world’s biggest makers of oral nicotine products. The Marlboro maker a…
KPMG faces $18 million misconduct fine for misleading regulator
By Kirstin Ridley LONDON (Reuters) – KPMG faces a 14.4 million pound ($17.6 million) fine after admitting it misled regulators during spot checks on audits of construction group Carillion and software firm Regenersis. The Financial Reporting Council (F…
Campari plans new bars to help whet aperitif appetites
By Francesca Landini and Silvia Aloisi MILAN (Reuters) – Campari plans to open several flagship bars for its best-selling spirits in Europe and beyond to help tap into a taste for the Italian aperitif culture, its chief executive said. The drinks group…
World shares sink as inflation, economic fears persist
By Elizabeth Dilts Marshall NEW YORK (Reuters) – World equities fell on Thursday to an 18-month-low, with markets dogged by fears high inflation would persist and force central banks to keep tightening monetary policy. In the United States, stocks ende…
Ex-UBS banker loses appeal over selling client data to Germany
ZURICH (Reuters) – Switzerland’s highest court has dismissed an appeal by a former UBS banker convicted in absentia of espionage for selling information about wealthy clients to German tax authorities. Rene S., as the 48-year-old ex-banker was called d…
Finland, worried by Russian invasion of Ukraine, moves to join NATO; Kremlin warns of response
By Anne Kauranen and Essi Lehto HELSINKI (Reuters) -Finland must apply to join the NATO military alliance “without delay”, its president and prime minister said on Thursday, in a historic policy shift triggered by Russia’s invasion of Ukraine. Moscow s…
Renault says split-off electric unit could employ 10,000 staff by 2023
PARIS (Reuters) -French carmaker Renault on Thursday said the two business units that would result from its planned separation of electric and conventional car production could each employ 10,000 staff by 2023. Renault said in a statement it was curren…
UN to set up inquiry into possible Russian war crimes in Ukraine
By Emma Farge GENEVA (Reuters) -The U.N. Human Rights Council passed a resolution on Thursday to set up an investigation into possible war crimes by Russian troops in the Kyiv area and beyond, a move that Russia said amounted to political score-settlin…
Russia threatens to retaliate as Finland seeks NATO membership ‘without delay’
By Anne Kauranen and Jonathan Landay HELSINKI/KHARKIV, Ukraine (Reuters) – Finland said on Thursday it would apply to join NATO “without delay”, with Sweden expected to follow, as Russia’s invasion of Ukraine looked set to bring about the very expansio…
He’s back: Wickremesinghe named Sri Lankan PM for 6th time amid crisis
By Uditha Jayasinghe and Alasdair Pal COLOMBO (Reuters) – Ranil Wickremesinghe, Sri Lanka’s new prime minister, is no stranger to politics. This is the sixth time the opposition lawmaker has held the post, and he is known domestically as an effective o…