Reuters UK Business

By Hyunjoo Jin and Akash Sriram (Reuters) – Tesla Inc on Saturday reported record electric vehicle deliveries for the first quarter, largely meeting analysts’ estimates, but production fell from the previous quarter as supply chain disruptions and a China plant suspension weighed. “This was an *exceptionally* difficult quarter due to supply chain interruptions & China …

Tesla delivers record vehicles in Q1; output falls as China shutdown weighs Read More »

By Jeffrey Dastin (Reuters) – The road to organizing Amazon’s first union in the United States was a long one for Christian Smalls. The 33-year-old had worked at Walmart, Target and Home Depot. A rapper early in his career, he gave up music to support twin children, and by 2015, he took a warehouse job …

Amazon union leader Smalls went from rapper to unlikely voice of protest Read More »

(This March 30 story corrects final paragraph to remove reference to oil products) FRANKFURT (Reuters) – Germany has activated the first stage of an emergency plan to manage gas supplies in Europe’s largest economy in preparation for a possible disruption or halt in natural gas supplies from Russia. Russia accounted for 55% of Germany’s gas …

What happens if Russia turns off gas to Germany? Read More »

By Kate Abnett BRUSSELS (Reuters) -European companies whose gas supply contracts with Russia stipulate payment in euros or dollars should not meet Russia’s demand for payment in roubles, the European Commission said on Friday. Moscow said on Friday it would not immediately cut gas supply to Europe, after concerns of a supply shock had sharpened …

Companies with euro gas contracts should not meet Russia’s rouble demand, EU says Read More »

(Reuters) -Russian lender Sberbank said on Friday it was winding down operations at its investment arm in London, which Britain’s financial watchdog said was “operationally unable to make payments” following sanctions over the Russian invasion of Ukraine. “Sberbank is ceasing the operation of its London office, Sberbank CIB (UK) Limited. We are in contact with …

Russia’s Sberbank closing London investment arm, says lender Read More »

By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) – Ukraine, hoping to tap fresh sources of money to fund its defence efforts, is looking at ways to extend a domestic bond issuance programme to international capital markets, a source familiar with the situation said on Friday. Kyiv launched a programme selling hryvnia-denominated bonds to …

Exclusive – Ukraine mulls international bonds to fund war defence effort Read More »

(Reuters) – British food ingredients maker Tate & Lyle Plc said on Friday it would lift prices of its products in its main markets to tackle cost pressures arising from the Ukraine conflict that has disrupted global commodity supplies. The London-listed firm, one of the world’s biggest producers of sweeteners such as high fructose corn …

Sweetener maker Tate & Lyle to raise prices as Ukraine crisis pushes up costs Read More »

FRANKFURT (Reuters) – Euro zone inflation surged to 7.5% in March, hitting another record high with months still left before it is set to peak, making grim reading for the European Central Bank, which needs to reconcile sky-high prices with vanishing economic growth. Consumer price growth in the 19 countries sharing the euro accelerated from …

Euro zone inflation hits another record high with the worst still to come Read More »

LONDON (Reuters) – British finance minister Rishi Sunak won plaudits for tackling the COVID pandemic with a spending surge but now he faces the trickier task of steering the economy through a cost-of-living squeeze while sticking to his plan to fix the public finances. Under pressure to do more to help households as inflation heads …

Factbox-Inflation and taxes up, growth slows: UK’s Sunak on the spot Read More »