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MOSCOW (Reuters) -The United States gave JPMorgan permission to process payments for agricultural exports via the Russian Agricultural Bank, but the arrangement was no substitute for reconnecting the bank to the SWIFT system, two Russian sources told Reuters. Access to the SWIFT payment system for the Russian Agricultural Bank is one of Moscow’s main demands …

Exclusive-US allowed JPMorgan payment route for Russian grain export Read More »

(Reuters) – The European Medicines Agency (EMA) on Wednesday recommended authorization of GSK’s Arexvy vaccine for respiratory syncytial virus (RSV) in adults aged 60 and older, putting Europe on track to approve the world’s first such vaccine. The recommendation puts GSK ahead of rival Pfizer Inc in the race to tap into the RSV vaccine …

GSK’s RSV vaccine first to get EU regulator’s nod Read More »

By David Milliken LONDON (Reuters) – Britain received a record 46.4 billion pounds ($57.9 billion) in demand from investors at the launch of a new inflation-linked government bond which will mature in March 2045, the United Kingdom Debt Management Office said on Wednesday. However the strong demand came at a price, with the 4.5 billion …

UK draws record 46.4 billion pounds of demand for new inflation-linked bond Read More »

By Federica Mileo (Reuters) -French airport group ADP on Wednesday beat estimates for its first-quarter revenue, as it benfited from a global recovery in air travel despite strike-related disruptions in France. ADP, operator of the French capital’s Orly and Roissy Charles de Gaulle airports, posted first-quarter revenue of 1.19 billion euros ($1.32 billion), just above …

French airport group ADP Q1 revenue beats forecasts as global air traffic recovers Read More »

MOSCOW/HELSINKI (Reuters) -Russia seized temporary control of assets of Finnish energy group Fortum and its former German subsidiary Uniper, sowing confusion over the fate of other Western companies in Russia as pressure grows to hit Moscow with more sanctions over Ukraine. President Vladimir Putin late on Tuesday signed a decree establishing temporary control of the …

Russia seizes more Western assets, narrowing options for company exits Read More »

By Natalie Grover and Maggie Fick LONDON (Reuters) -GSK began 2023 with a quarterly performance that beat analyst expectations and extended a series of positive results following strong sales of its roster of vaccines as well as HIV and respiratory medicines. It reaffirmed its guidance for 2023, saying it expected adjusted operating profit growth to …

GSK stays strong as healthy sales beat expectations Read More »

By Sarah Young LONDON (Reuters) -Heathrow passenger numbers reached 95% of pre-pandemic levels in the first quarter, prompting it to lift 2023 forecasts, the British airport said on Wednesday, adding that it was prepared for a busy summer starting with the coronation of King Charles. Seeking a slice of the royal action, Britain and Europe’s …

Heathrow raises forecasts as coronation kick-starts busy summer Read More »

By Dominique Vidalon PARIS (Reuters) -Danone, the world’s largest yoghurt-maker, raised its 2023 outlook on Wednesday after it managed to pass on increased costs through price rises and first-quarter sales growth was the fastest in a decade. Danone, which expects prices to peak this year and also anticipates productivity gains, kept its forecast for a …

Danone raises sales outlook as shoppers absorb price hikes Read More »

DUBLIN (Reuters) – Lloyd’s of London expects insurers will eventually reach a settlement with aircraft lessors over claims made over the loss of hundreds of aircraft stuck in Russia, the commercial insurance market’s chairman was quoted as saying on Wednesday. Lessors are suing dozens of insurers for about $8 billion in a string of lawsuits …

Lloyd’s expects insurer settlements on planes stuck in Russia -Irish Independent Read More »

WARSAW (Reuters) – Microsoft will build a data centre in Poland, the company’s President for Europe, the Middle east and Africa (EMEA) said on Wednesday at the European Economic Congress in the southern city of Katowice. (This story has been corrected to say that the data centre has been launched, instead of that it will …

Microsoft says it will build data centre in Poland Read More »