By Natalia Zinets and Marc Jones KYIV/LONDON (Reuters) – Ukraine has asked its international creditors, including Western powers and the world’s largest investment firms, to freeze its debt payments for two years so it can focus its dwindling financial resources on repelling Russia. Facing an estimated 35% to 45% crash in GDP this year following …
Ukraine seeks debt freeze as war ravages economy Read More »
(Reuters) – Lyft Inc said on Wednesday it was cutting about 60 jobs in its rental division as it tries to reorganize the business amid rising costs. With inflation in the United States at levels not seen in four decades, a number of companies such as Microsoft Corp and Apple Inc have halted hiring and …
Lyft lays off about 60 workers from rental division Read More »
BERLIN (Reuters) -Continental reported better-than-expected sales of 9.4 billion euros ($9.63 billion) in the second quarter on Wednesday with an adjusted earnings margin of 4.4%, slightly above analysts’ expectations of 4.2%. The car parts supplier, which in May cut its earnings forecast to 4.7%-5.7% from 5.5-6.5%, confirmed the lower outlook in preliminary results ahead of …
Continental beats expectations with 4.4% margin in Q2 Read More »
FRANKFURT (Reuters) – Deutsche Bank said on Wednesday that it appointed Joerg Eigendorf to the role of chief sustainability officer, as the bank markets itself as a lender that firms can turn to as they transition to a greener future. Eigendorf had previously also overseen Deutsche’s communications division, but he is handing over those duties …
Deutsche Bank names Eigendorf new chief sustainability officer Read More »
PRAGUE (Reuters) – The Czech government agreed on Wednesday to open talks with the United States on future supplies of the F-35 fighter jets made by Lockheed Martin Corp to replace leased Gripen fighters, news agency CTK reported. The NATO member country will also lead direct talks to buy CV-90 fighting vehicles from BAE Systems …
Czechs want F-35 fighter jets, CV-90 fighting vehicles, media says Read More »
By Kinda Makieh DAMASCUS (Reuters) – The European Union has lifted sanctions on Syrian airline Cham Wings, representatives for the EU and the airline said on Wednesday, after the privately owned company was blacklisted over accusations it was helping smuggle migrants into the bloc. The EU imposed the sanctions in December, accusing it of flying …
LONDON (Reuters) – Britain will extend a scheme offering government-backed loans to small businesses by a further two years, business minister Kwasi Kwarteng said on Wednesday. “The extension of the Recovery Loan Scheme will help ensure we continue to provide much-needed finance to thousands of small businesses across the country, while stimulating local communities, creating …
UK to extend loan support for small businesses by two years Read More »
BERLIN (Reuters) – The credit line facility by Germany’s state-owned KfW bank for gas importer Uniper is planned to be raised to 8 billion euros ($8.2 billion) from 2 billion, Handelsblatt reported on Wednesday citing an economy ministry document. ($1 = 0.9771 euros) (Reporting by Kirsti Knolle, editing by Rachel More)
By Joice Alves LONDON (Reuters) – Sterling steadied on Wednesday against the dollar and euro, after hitting a two-week low against the firmer euro, as data showed British inflation climbed to its highest rate in 40 years, but only slightly above forecast. The inflation data bolstered bets that the Bank of England will opt for …
Sterling stabilises vs dollar and euro as UK inflation surges Read More »
By Sonali Paul MELBOURNE (Reuters) -Shell Plc on Wednesday told workers at its Prelude floating liquefied natural gas (FLNG) facility it would stop paying them as of Monday after they extended industrial action for two more weeks over a long-running wage dispute. Shell last week began shutting down the 3.6 million tonne a year site …
Shell pay battle escalates at Prelude LNG off Australia Read More »
