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(Reuters) -The Russian branch of environmental group Greenpeace on Friday said it would shut down after authorities declared the group an “undesirable organisation”, effectively banning it from operating. In a statement, Russia’s Prosecutor General said Greenpeace had tried to “interfere in the internal affairs of the state” and was “engaged in anti-Russian propaganda” by calling …

Greenpeace to shut down in Russia after being declared ‘undesirable organisation’ Read More »

SAO PAULO (Reuters) – The European Central Bank will do what is necessary to deliver price stability, its president, Christine Lagarde, said on Friday, adding that there should not be a trade-off between price stability and financial stability. “We can successfully pursue both goals at the same time,” Lagarde said in a pre-recorded video exhibited …

ECB will do what is necessary to deliver price stability, Lagarde says Read More »

FRANKFURT (Reuters) -Adidas will start selling some of the shoes from its defunct Yeezy partnership with rapper Kanye West at the end of May, the company said on Friday, and plans to donate the proceeds to organisations fighting antisemitism and racism. The news fleshes out plans initially outlined last week and follows Adidas’ move to …

Adidas will start selling Yeezy shoes at end of May Read More »

BERLIN (Reuters) – Volkswagen has completed the sale of its shares in its Russian business Volkswagen Group Rus LLC as well as its local subsidiaries, the German carmaker said on Friday, following approval of the deal by Russian authorities. The buyer is Art-Finance LLC, which is supported by autodealer group Avilon, VW said in a …

VW sells shares in Russian business to a local investor Read More »

By Daria Sito-Sucic SARAJEVO (Reuters) – Bosnia hopes that its geographic position will help it increase exports of its halal certified food products to European markets, where the number of Muslims has grown. The Balkan country, half of whose population is Muslim, has become a regional hub for halal products since it set up one …

Bosnia sets sights on Europe for halal food exports Read More »

By Iain Withers LONDON (Reuters) -British lender Nationwide will pay out 340 million pounds ($429 million) to some customers through 100 pound payments to their current accounts, it said on Friday after reporting a 40% leap in annual profit driven by a run of Bank of England rate hikes. The country’s largest building society said …

UK’s Nationwide to pay 340 million pounds to customers after profit leap Read More »

BERLIN (Reuters) – German producer prices posted their slowest annual increase in two years in April, according to data released on Friday, in a tentative sign that inflation may ease further in Europe’s largest economy. Producer prices of industrial products were up 4.1% in April on the same month last year following a 6.7% rise …

German producer prices post smallest increase in two years Read More »