By Dietrich Knauth, Jonathan Stempel and Tom Hals (Reuters) – The Sackler family owners of Purdue Pharma LP reached a deal with a group of attorneys general to pay up to $6 billion in cash to resolve widespread litigation alleging that they fueled the U.S. opioid epidemic, bringing the OxyContin maker closer to exiting bankruptcy. …
Sacklers to pay $6 billion to settle Purdue opioid lawsuits Read More »
BERLIN (Reuters) – The German state of Brandenburg has called a news conference for Friday at which it will announce its decision on approval for the planned Tesla gigafactory near Berlin, it said on Thursday. “The approval procedure for the e-car and battery factory of the U.S. company Tesla in Gruenheide in Brandenburg is nearing …
Brandenburg to hold news conference on Tesla gigafactory on Friday Read More »
MOSCOW (Reuters) – Russia’s finance ministry said on Thursday that it was halting purchases of foreign currency and gold for this year as part of a suspension of parts of its fiscal rule relating to the use of extra oil and gas revenues. Under a rule adopted in 2017, Russia buys foreign currency when oil …
Russian finance ministry halts forex, gold purchases for 2022 Read More »
LONDON (Reuters) – Business activity across the euro zone accelerated sharply last month as demand soared, particularly in the bloc’s dominant services industry, according to a survey mostly conducted before Russia invaded Ukraine. As the Omicron coronavirus variant swept across Europe earlier this year, many governments reimposed restrictions. But most of those curbs have been …
Euro zone business growth accelerated in Feb as Omicron faded -PMI Read More »
By Uditha Jayasinghe and Devjyot Ghoshal AGBOPURA, Sri Lanka (Reuters) – W.M. Seneviratne sat watching a mechanised harvester slice through the jade green fields around him in eastern Sri Lanka’s Agbopura village one recent morning, aware that this year’s harvest would be only a fraction of what he was used to. “I cannot recall any …
Fertiliser ban decimates Sri Lankan crops as government popularity ebbs Read More »
(Reuters) -Entain rode the popularity of online betting during lockdowns to report higher annual core earnings on Thursday, but the British gambling firm refrained from paying shareholders a dividend. Entain, which owns Ladbrokes and Coral betting shops as well as online brands such as bwin and partypoker, said its core earnings climbed 4.6% to 881.7 …
Ladbrokes owner Entain’s profit rises on online gambling growth Read More »
MADRID (Reuters) – Activity in Spain’s services sector bounced back in February from a brief contraction in January, when restrictions on travelling and socializing were reimposed to curb the Omicron variant of COVID-19, a survey showed on Thursday. IHS Markit’s Purchasing Managers’ Index (PMI) of services companies, which account for around half Spain’s economic output, …
Spanish Feb services activity bounced back from pandemic-induced dip in Jan -PMI Read More »
A look at the day ahead in markets from Sujata Rao Minutes from the European Central Bank’s February meeting are due later on Thursday but last month’s shock hawkish pivot seems like distant history now. With Brent crude up some $30 a barrel since mid-February and European gas prices more than doubling in this period, …
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The battered shares of Van Eck’s Russia ETF are attracting a surge of interest from traders and drawing comparisons to last year’s frenzy in so-called meme stocks. Designed to track the performance of the MVIS Russia Index, the ETF has tumbled 65% over the last two weeks …
(Reuters) – Canadian airline WestJet Group, owned by private equity firm Onex Corp, said on Wednesday it would buy leisure rival Sunwing Airlines for an undisclosed amount as it looks to tap into a rebound in air travel. WestJet said it would also buy travel booking website Sunwing Vacations, as part of the deal, which …
Canada’s low-cost carrier WestJet to buy rival Sunwing Airlines Read More »
