(Reuters) – Johnson & Johnson said on Tuesday it would suspend the supply of its personal care products in Russia, adding that it would continue to supply medicines and medical devices in the region. (Reporting by Manojna Maddipatla in Bengaluru; Editing by Shinjini Ganguli)
By Giuseppe Fonte and Gavin Jones ROME (Reuters) – Italy plans to confirm its 2022 budget deficit target at 5.6% of national output, two sources close to the matter told Reuters, despite coalition pressure to sharply hike borrowing as the growth outlook deteriorates. Mario Draghi’s government is preparing to slash its growth forecast for this…
UnitedHealth Group will spend $5.4 billion to acquire LHC Group and delve deeper into home health, an area of care expected to grow as baby boomers age. The health care giant said Tuesday that it will pay $170 in cash for each share of LHC’s stock in a deal expected to close later this year….
FRANKFURT (Reuters) – Russia’s demand that some buyers pay for its gas in roubles has raised concerns in Germany, which relies on Russian fuel, that the payment dispute could escalate and disrupt supplies. Russia accounted for 55% of Germany’s gas imports in 2021. Although that figure fell to 40% in the first quarter of 2022,…
TOKYO (Reuters) – Global demand for nickel used in batteries is expected to rise more than 20% this year on solid demand for electric vehicles (EVs), Japan’s biggest smelter of the metal Sumitomo Metal Mining said on Tuesday. Sumitomo Metal, which supplies cathode materials for the Panasonic lithium-ion batteries used in Tesla EVs, said demand…
HORDYNIA, Ukraine (AP) — Planting season has arrived in Ukraine. Boot marks stamped in the frozen earth have thawed. But the Pavlovych family’s fields remain untouched in a lonely landscape of checkpoints and churches. Over a week ago, the family learned their 25-year-old soldier son, Roman, had been killed near the besieged city of Mariupol….
(Reuters) – The Russian rouble strengthened to a more than one-month high in Moscow trade on Tuesday, firming past 88 to the dollar, while stocks regained some ground in the fourth session since trading resumed after a near month-long suspension. The Russian market is gradually reopening after a suspension caused by sweeping Western sanctions that…
BERLIN (Reuters) – The timing of a possible listing of Porsche AG, currently foreseen for the fourth quarter of the year, could be pushed back by the conflict in Ukraine if it drags on, Porsche SE’s finance chief said on Tuesday. “We cannot rule out, if the conflict lasts a longer time, that this could…
BERLIN (AP) — Europe’s already high gas prices have gyrated since Russian President Vladimir Putin announced plans to have importers pay for Russian natural gas in rubles instead of dollars and euros. Here’s a look at some of the implications of such a move: WHAT IS PUTIN PROPOSING? Europe imports large amounts of Russian natural…
By Helen Reid JOHANNESBURG (Reuters) – Rio Tinto and a Chinese-backed consortium risk losing their mining licences if they fail to meet a tight construction timeline for the Simandou iron ore mine in Guinea, the West African country has said. Guinea’s government has grown increasingly impatient with the mining firms that control the giant Simandou…
