Reuters UK Business

By Tassilo Hummel and Lawrence White PARIS/LONDON (Reuters) – Societe Generale said it could cope if stripped of its business in Russia, saying it had more than 18 billion euros ($19.97 billion) of exposure, in one of the starkest indications yet by a global bank of the potential impact of fallout from Russia’s invasion of …

SocGen able to cope if stripped of its Russian assets Read More »

DUBLIN (Reuters) – Allied Irish Banks (AIB) plans to return 213 million euros ($236 million) to shareholders, including a 91 million euro directed buyback, it said on Thursday after reporting significant profit recovery last year. The Irish lender swung to a full-year pretax profit of 629 million euros from a 930 million euro loss in …

Irish lender AIB to return 213 million euros to shareholders Read More »

By Matt Scuffham, David Henry and Noor Zainab Hussain NEW YORK (Reuters) -Citigroup Inc could face billions of dollars of losses at its Russian business under the worst case scenario, although it expects its actual losses to be less than that, Chief Financial Officer Mark Mason said on Wednesday. The bank’s total exposure to Russia …

Citigroup could lose billions of dollars in Russia in worst scenario -CFO Read More »

By Paresh Dave, Elizabeth Culliford and Sheila Dang (Reuters) – Ukraine plans to urge about 50 additional tech companies, including in gaming, esports and internet infrastructure, to take action against Russia following a slew of earlier requests, a top Ukrainian government tech official told Reuters on Wednesday. Software giant Oracle Corp responded within three hours …

Exclusive-Ukraine to seek action against Russia from about 50 gaming, cloud and other tech firms Read More »

(Reuters) – Cruise operators Royal Caribbean Group and Viking Cruises canceled sailings to Russia on Wednesday, joining their rivals and many Western brands in suspending operations in the country after its invasion of Ukraine. Celebrity Cruises, owned by Royal Caribbean, said it was removing Russian port city St. Petersburg from upcoming itineraries, adding that it …

Royal Caribbean joins rivals in canceling 2022 sailings to Russia Read More »

(Reuters) -Netflix Inc has temporarily stopped all future projects and acquisitions in Russia as it assesses the impact of Moscow’s invasion of Ukraine, a source familiar with the matter told Reuters on Wednesday. The streaming giant had four Russian-language series in production and post-production, including “Zato”, a detective drama. Russia has been facing boycott in …

Netflix pauses all projects, acquisitions in Russia – source Read More »

(Reuters) -British cabinet minister Michael Gove is drawing up plans to seize property in the United Kingdom owned by Russian oligarchs who have links to President Vladimir Putin without paying them compensation, the Financial Times reported on Wednesday. Gove’s plans would apply to nine oligarchs who have been sanctioned by Britain, including Kirill Shamalov, Russia’s …

UK considers seizing property of sanctioned Russian oligarchs -FT Read More »

By Paresh Dave OAKLAND, Calif. (Reuters) – Alphabet Inc’s Google from April 4 will require employees back about three days a week in some of its U.S., U.K. and Asia Pacific offices, its first step to end policies that allowed remote work because of COVID-19 concerns. An internal email on Wednesday seen by Reuters told …

Google mandates workers back to Silicon Valley, other offices from April 4 Read More »

LISBON (Reuters) -European Central Bank Governing Council member Mario Centeno warned on Wednesday that Russia’s invasion of Ukraine could lead to a combination of low growth and high inflation, known as stagflation, in Europe. “There are stagflation scenarios in front of us,” he said at an event in Lisbon. “It will obviously depend on the …

ECB’s Centeno warns of ‘stagflation’ from Russia-Ukraine conflict Read More »