By Lidia Kelly MELBOURNE (Reuters) – Ukraine has banned all imports from Russia, one of its key trading partners before the war with annual imports valued at about $6 billion, and called on other countries to follow and impose harsher economic sanctions on Moscow. “Today we officially announced a complete termination of trade in goods …
BERLIN (Reuters) – Germany’s economic growth could fall to 1.4%-1.5% this year, from 2.7% in 2021, with an average of around 590,000 people on reduced-hours lay-off schemes over the course of the year, Labour Minister Hubertus Heil said in an interview with Bild am Sonntag. “We will still be growing,” Heil said. “But this all …
Growth in Germany to fall to 1.5%, labour minister warns – Bild am Sonntag Read More »
By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka will need about $3 billion in external assistance over the next six months to help restore supplies of essential items including fuel and medicine, Finance Minister Ali Sabry told Reuters on Saturday. The island nation of 22 million people has been hit by power cuts …
Exclusive-Sri Lanka to seek $3 billion to stave off crisis -finance minister Read More »
(Reuters) – Russia, hit by Western sanctions, has called on the BRICS group of emerging economies to extend the use of national currencies and integrate payment systems, the finance ministry said on Saturday. Sanctions have cut Russia off from the global financial system and from nearly half of its gold and foreign exchange reserves, which …
Russia calls for integrating BRICS payment systems Read More »
(Reuters) -YouTube has blocked Duma TV which broadcasts from Russia’s lower house of parliament, drawing an angry response from officials who said the world’s most popular streaming service could face restrictions in response. On Saturday, a message on YouTube said the Duma channel had been “terminated for a violation of YouTube’s Terms of Service”. YouTube, …
YouTube blocks Russian parliament channel, drawing ire from officials Read More »
MILAN (Reuters) -Leading investor advisers have recommended shareholders at Generali back the proposal by the Italian insurer’s outgoing board to hand CEO Philippe Donnet another term at the helm, documents showed on Saturday. In reports issued by Institutional Shareholder Services (ISS) and Glass Lewis ahead of an April 29 general meeting to name a new …
Generali shareholders urged to back CEO reappointment – documents Read More »
(Reuters) -The chairman of Vietnam’s Vingroup conglomerate said on Saturday that the company’s auto unit, VinFast, would seek financing from the U.S. government to support its expansion with a planned plant in North Carolina. “It is also one of our financing options, but we need to prove to them that we are qualified,” Vingroup Chairman …
Vietnam’s VinFast seeks US government loans for expansion Read More »
(Reuters) -AT&T Inc’s WarnerMedia unit and Discovery Inc have completed their merger, the companies said on Friday. The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol “WBD”. In May last year, the companies set out to merge and become a standalone media business, with AT&T …
WarnerMedia, Discovery complete merger, become Warner Bros Discovery Read More »
(This April 7 story corrects headline to say “U.S. Chamber of Commerce official” instead of “U.S. commerce official”) By Ana Mano SAO PAULO (Reuters) – The Biden administration is not doing enough to forge a long-term alliance with Brazil, Myron Brilliant, the U.S. Chamber of Commerce’s head of the international affairs division, told a press …
U.S. must do more to strengthen ties with Brazil -U.S Chamber of Commerce official Read More »
By Herbert Lash, Bansari Mayur Kamdar and Praveen Paramasivam NEW YORK (Reuters) -The Dow rose and the S&P 500 ended lower in choppy trade on Friday, as beaten-down bank shares gained and investors grappled with how best to deal with an economy that could skid as the Federal Reserve moves to aggressively tackle inflation. The …
Dow gains, S&P 500 ends lower as market weighs Fed rate hikes Read More »
