MIAMI (Reuters) – McLaren have had talks with Audi but are not for sale, team boss Zak Brown said on Friday in response to Volkswagen’s announcement that its Audi and Porsche brands would be entering Formula One. A source told Reuters in March that Audi was ready to offer around 500 million euros ($527.55 million) …
Motor racing-McLaren say they are not for sale as Audi seek to enter F1 Read More »
(Reuters) – The following is a timeline of the sale of Premier League club Chelsea. A consortium led by LA Dodgers part-owner Todd Boehly and backed by Clearlake Capital has won the bid to acquire Premier League club Chelsea in a deal worth up to 4.0 billion pounds, Britain’s Telegraph newspaper reported. Feb. 24 Chelsea …
(Reuters) – The Finnish unit of Russia’s state-owned Rosatom said on Friday it will demand compensation from Finnish consortium Fennovoima for “unlawful termination” of contract for the delivery of a planned nuclear power plant in Finland. Earlier in the week, Fennovoima announced it had scrapped the contract due to “significant delays and inability to deliver …
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Volatility has been the watchword for markets in the last several months, as worries over a hawkish Fed, sky-high commodity prices and geopolitical tensions stemming from the war in Ukraine roil asset prices. The S&P 500 was recently down 1.2% on Friday and yields on the benchmark …
Wild swing roil markets as hawkish Fed unleashes volatility Read More »
By James Davey and Pushkala Aripaka (Reuters) – The owners of British supermarket group Asda are set to buy McColl’s out of administration, saving around 16,000 jobs after the convenience store chain’s lenders rejected a rescue deal from Asda’s rival Morrisons. People with knowledge of the situation said on Friday that EG Group, the petrol …
Asda owners set to buy McColl’s, saving 16,000 jobs Read More »
(Reuters) – Russia’s top lender Sberbank is developing fully domestic cloud infrastructure, it said on Friday, after reporting issues with some ‘smart home’ device functionality due to problems with its foreign cloud partner. The state-owned lender, which fell under Western sanctions imposed over Russia’s actions in Ukraine, has been developing its non-financial businesses, including technology …
Russia’s Sberbank building domestic cloud solutions as sanctions hamper smart devices Read More »
(Reuters) -Russia’s weekly inflation rate eased in late April, data from statistics service Rosstat showed on Friday, confirming an easing of crippling price pressures days after the central bank cut interest rates. The central bank lowered its key interest rate to 14% from 17% in a sharper-than-expected move last week and said it saw room …
By Sruthi Shankar (Reuters) -UK stock indexes posted their biggest weekly declines in two months on Friday, hit by a recession warning from the Bank of England and disappointing results from the owner of British Airways. International Consolidated Airlines Group tumbled 8.3% after it reported a bigger-than-expected quarterly operating loss and scaled back plans to …
UK shares mark worst week since March as economy worries grow Read More »
By William Schomberg and David Milliken LONDON (Reuters) – People and businesses in Britain need to realise they are unlikely to recover the income lost to high inflation any time soon, the Bank of England’s chief economist said on Friday in the latest warning from the central bank of tough times ahead. A day after …
BoE’s Pill says UK must accept income hit from high inflation Read More »
BERLIN (Reuters) – Adidas’ Chief Executive Kasper Rorsted said nothing had changed on the German sportswear company’s 2025 goals, after first-quarter results were dogged by lockdowns in Greater China. Rorsted said that a double-digit sales drop in that market is possible in 2022, as a sudden recovery in China is unlikely, but he predicted strong …
Adidas CEO says no change to 2025 goals after Q1 hit by lockdowns Read More »
