LONDON (Reuters) – Britain is ready to guarantee up to $500 million (367.62 million pounds) in loans to support Ukraine and help mitigate the economic effects of Russian aggression, the foreign office said on Wednesday. Britain is offering guarantees of Multilateral Development Bank lending for projects that will support economic stability and reforms such as…
By Nichola Groom (Reuters) – The United States will hold its biggest ever sale of offshore wind development rights on Wednesday, in an area covering nearly half a million acres off the coasts of New York and New Jersey. It will be the first offshore wind lease sale under the administration of President Joe Biden,…
BARCELONA, Spain (AP) — The leader of Spain’s main opposition party, Pablo Casado, will meet fellow conservative heavyweights on Wednesday night with his future at risk amid an ugly clash with a Popular Party rival that included public accusations of corruption and political espionage. The meeting scheduled for 1900 GMT (2 p.m. EST) comes a…
FRANKFURT, Germany (AP) — Automaker Stellantis said Wednesday that it made 13.4 billion euros ($15.2 billion) in its first year after it was formed from the merger of Fiat Chrysler Automobiles and PSA Group and would pay out record profit-sharing checks to unionized U.S. workers. The earnings nearly tripled profits compared with its pre-merger existence…
By Rowena Edwards LONDON (Reuters) -Oil prices fell on Wednesday, retreating from seven-year highs hit the previous day as it became clear that the first wave of U.S. and European sanctions on Russia were unlikely to disrupt oil supplies. Brent crude was down 59 cents, or 0.6%, to $96.25 a barrel at 1027 GMT, after…
By Paul Sandle LONDON (Reuters) -London’s Heathrow airport, Britain’s busiest, saw its lowest number of passengers since 1972 last year and suffered wider losses as the coronavirus pandemic slashed demand for business travel and holidays. Passenger numbers fell to 19.4 million in 2021. Heathrow also recorded a pretax loss of 1.79 billion pounds ($2.43 billion)…
AMSTERDAM (AP) — A gunman who held a hostage for hours in the Apple Store in Amsterdam demanded a ransom of 200 million euros (more than $226 million) in cryptocurrencies before he was run over by police as he chased his hostage out of the shop, police and prosecutors said Wednesday. The tense, five-hour standoff…
BERLIN (AP) — Climate activists on Wednesday blocked roads leading to Germany’s three biggest airports, gluing themselves to the ground before police arrived. Members of the group Uprising of the Last Generation said they wanted to disrupt cargo and passenger traffic at the airports in Frankfurt, Munich and Berlin. The group has demanded that the…
LONDON (Reuters) – JPMorgan’s emerging market strategists said on Wednesday that new U.S. sanctions on Russian sovereign debt announced this week were likely to have limited implications for the international investors that already hold them. They added that the new measures, which introduce restrictions on ‘secondary market’ trading of rouble and non-rouble-denominated debt issued after…
(Reuters) – British broker Peel Hunt said on Wednesday it expected full-year earnings to miss analyst views, hurt by deal delays in its investment banking unit and a slowdown in its trading division, sending its shares more than 13% lower in early trade. The company, which made its market debut in September last year, said…
