GENEVA (AP) — The U.N. refugee agency said Thursday that 1 million people have now fled Ukraine since Russia’s invasion less than a week ago, an exodus without precedent in this century for its speed. The tally from the U.N. High Commissioner for Refugees amounts to more than 2% of Ukraine’s population — which the…
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…
By Florence Tan SINGAPORE (Reuters) -U.S. sanctions targeting Russian refineries, disruptions to shipping and a fall in U.S. crude stocks to multi-year lows kept oil prices racing on Thursday as Brent charged towards $120 a barrel, its highest in almost a decade. Brent crude futures rose as high as $119.84 a barrel, the highest since…
LONDON (AP) — Car factories idled, beer stopped flowing, furniture and fashion orders ceased, and energy companies fled oil and gas projects. Russia’s invasion of Ukraine has thrown business plans into disarray and forced a growing number of the world’s best known brands — from Apple to Mercedes-Benz and BP — to pull out of…
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,…
LONDON (Reuters) – The London Stock Exchange Group said on Thursday that applying financial sanctions on Russia following its invasion of Ukraine would have only a minor impact on its business. “We are actively engaging with regulators and authorities on all relevant sanctions and taking appropriate actions. LSEG’s operations in Russia and Ukraine account for…
HELSINKI (AP) — Through the Cold War and the decades since, nothing could persuade Finns and Swedes that they would be better off joining NATO — until now. Russia’s invasion of Ukraine has profoundly changed Europe’s security outlook, including for Nordic neutrals Finland and Sweden, where support for joining NATO has surged to record levels….
By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) – Amazon.com Inc on Thursday proposed a dialogue with its warring partner Future Group to end legal battles over a contractual dispute that has soured relations between the two sides. Amazon’s counsel Gopal Subramanium made the proposal during a hearing before India’s Supreme Court, where he…
By Leika Kihara TOKYO (Reuters) – The crisis in Ukraine could hurt Japan’s economy by driving up the price households and companies pay for fuel and commodities, a central bank policymaker said on Thursday, signaling the need to maintain massive stimulus to support a fragile recovery. Japan’s consumer inflation could briefly approach the central bank’s…
By Simon Jessop, Tommy Wilkes and Elizabeth Howcroft LONDON (Reuters) – Just 1% of companies who submit climate change-related data to nonprofit environmental disclosure platform CDP provide investors with the information they need to assess whether they have a credible plan for the transition to a low-carbon economy. The new data, provided to Reuters, underscores…
