By Chibuike Oguh (Reuters) – Apollo Global Management Inc Chief Executive Marc Rowan said on Tuesday that Russia’s invasion of Ukraine could temper interest rate rises by central banks and that he expected inflation to slow down in the long term. The conflict in Ukraine has roiled global financial markets and fueled a surge in …
Apollo CEO says Ukraine conflict could weigh on interest rate rises Read More »
PARIS (Reuters) – TotalEnergies said it will no longer provide capital for new projects in Russia. “TotalEnergies supports the scope and strength of the sanctions put in place by Europe and will implement them regardless of the consequences (currently being assessed) on its activities in Russia,” it said. “TotalEnergies will no longer provide capital for …
TotalEnergies: will no longer provide capital for new projects in Russia Read More »
AMSTERDAM (Reuters) – The head of Stellantis said it had set up a task force to conform with any sanctions and monitor its staff in Ukraine, hours before the world’s No.4 carmaker presents its strategic plan for the next few years. CEO Carlos Tavares said its business in Russia represented around 20 million euros ($22.4 …
Stellantis sets up task force to monitor sanctions, staff in Ukraine crisis – CEO Read More »
PRAGUE (Reuters) – Czech carmaker Skoda Auto, part of Volkswagen, will limit some production at its domestic plants due to supply shortages after Russia’s invasion of Ukraine, while it said its Russian operations were still running. “Due to the current situation in Ukraine, Skoda Auto is facing critical supply shortages of parts from several local …
Volkswagen’s Skoda limits some output due to Ukraine, production in Russia still running Read More »
(Reuters) -YouTube is blocking channels connected to Russian state-backed media outlets RT and Sputnik across Europe effective immediately, due to the situation in Ukraine, the company operated by Alphabet Inc’s Google, said on Tuesday. “It’ll take time for our systems to fully ramp up. Our teams continue to monitor the situation around the clock to …
YouTube to block channels linked to Russia’s RT and Sputnik across Europe Read More »
By Maria Ponnezhath (Reuters) – U.S. payment card firms Visa Inc and Mastercard Inc have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow’s invasion of Ukraine. Visa said on Monday it was taking prompt action to ensure compliance with applicable sanctions, adding that it will donate $2 million …
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COPENHAGEN (Reuters) -Danish brewer Carlsberg said on Thursday it has halted operations at two Ukrainian breweries in Kyiv and the southern city of Zaporizhzhya due to the escalating conflict in the country. Carlsberg, the second-largest brewer in Ukraine with a 31% market share, had taken “several initiatives in Ukraine with the aim of taking care …
Carlsberg halts operations at two breweries in Ukraine Read More »
By Francesco Canepa FRANKFURT (Reuters) – European Central Bank policymakers are gathering on Thursday for what may have suddenly become a crisis meeting as Russia’s invasion of Ukraine threatens to derail economic growth in the euro zone and complicate the ECB’s path out of negative interest rates. The ECB’s policymaking Governing Council had been due …
ECB meets as invasion of Ukraine complicates path to higher rates Read More »
By Tim Hepher PARIS (Reuters) -French jet engine maker Safran said on Thursday it had enough titanium reserves for several months after increasing stocks of the metal since the start of the year as Western aerospace companies brace for fallout from the Ukraine crisis. Safran, which uses titanium to make landing gear for long-haul jetliners …
Safran boosts titanium stocks, shores up supply chain Read More »
MILAN (Reuters) – Shares in UniCredit, whose Russian arm is one of the largest lenders in the country, fell as much as 8% on Thursday, before triggering an automatic trading suspension, hit by the escalation of the Ukraine crisis. Russian forces fired missiles at several cities in Ukraine and landed troops on its coast on …
