By Amal S (Reuters) – Canada’s commodity-heavy main stock index fell on Monday, extending prior session’s losses, weighed down by weakness in energy and mining shares as commodities slumped on hopes for progress in Ukraine-Russia peace talks. At 9:39 a.m. ET (13:39 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 131.59 points, or…
Blue Apron was struggling at the start of 2020. The meal kit company was trying to boost sales with new options like premium meals, but it was also considering putting itself up for sale. Then the pandemic happened. Almost overnight, New York-based Blue Apron gained thousands of customers as restaurants closed and people tried to…
BERLIN (AP) — Germany’s finance minister proposed a “crisis discount” Monday to dampen the impact of recent fuel price hikes due to the war in Ukraine. The fuel subsidy proposed by Finance Minister Christian Lindner could see gas prices cut by more than 0.2 euros per liter (about $.08 a gallon), German media reported. “The…
By Christoph Steitz FRANKFURT (Reuters) – U.S. carmaker Ford on Monday unveiled plans for seven new electric models in Europe, a battery-assembly site in Germany and a nickel cell manufacturing joint venture in Turkey as part of a major electric vehicle (EV) push on the continent. “Our march toward an all-electric future is an absolute…
PRZEMYSL, Poland (AP) — As Russia’s war in Ukraine becomes a grim new reality for millions of Ukrainians, the tens of thousands who make the increasingly treacherous journey toward safety in the European Union each day are left with no sense of when, or if, they’ll ever return home. More than 2.8 million people have…
MILAN (Reuters) – Italian energy group Eni has agreed to sell a 49% stake in power generation unit Enipower to U.S. investment firm Sixth Street Partners to help fund its shift to cleaner businesses. In a statement on Monday Eni said it would keep operational control of the unit and would continue to consolidate it…
(Reuters) -Tesla Inc Chief Executive Officer Elon Musk said the U.S. electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics. Musk in a tweet on Sunday also asked about inflation rate outlook and said his companies “are not alone”, retweeting an article saying the Ukraine-Russia conflict sent…
ATHENS, Greece (AP) — Greek Prime Minister Kyriakos Mitsotakis said Monday he had tested positive for COVID-19 and would be self-isolating at home, a day after a trip to Istanbul. Mitsotakis held talks Sunday with Turkish President Recep Tayyip Erdogan and met with Ecumenical Patriarch Bartholomew I, who is considered the spiritual leader of the…
(Reuters) – Tencent Holdings Ltd is facing a potential fine, which could be at least hundreds of millions of yuan, for violating some central bank regulations on its WeChat Pay mobile network, the Wall Street Journal reported on Monday, citing people familiar with the matter. Financial regulators recently found that WeChat Pay had broken China’s…
FRANKFURT (Reuters) -Airlines cancelled hundreds of flights to and from German airports on Monday as security workers across the country went on strike amid a wage dispute. Security workers are staging a full-day walkout at airports including Duesseldorf, Cologne/Bonn and Berlin on Monday, and further strikes have been called for Tuesday, among others in Frankfurt…
