MILAN (AP) — Italian Premier Mario Draghi secured a deal Monday for more natural gas imports across a Mediterranean pipeline from Algeria, marking the latest push by a European Union nation to reduce dependence on Russian energy following its invasion of Ukraine. After meeting with President Abdelmadjid Tebboune, Draghi told reporters in the Algerian capital…
By Patricia Vicente Rua and Catarina Demony LISBON (Reuters) -Ailing Portuguese airline TAP posted an annual loss of 1.6 billion euros ($1.74 billion) on Monday, while voicing “cautious optimism” that 2022 would bring better results despite uncertainties caused by the Ukraine war and the pandemic. The airline, which is 72.5% controlled by the Portuguese state,…
LONDON (AP) — The World Bank says Ukraine’s economy will shrink by 45.1% this year because of Russia’s invasion, which has shut down half of the country’s businesses, choked off imports and exports, and damaged a vast amount of critical infrastructure. Unprecedented financial and export sanctions imposed by Western allies in response to the war,…
NEW DELHI (Reuters) – Apple Inc has started making the iPhone 13 in India, the company said on Monday, as the U.S tech giant tries to reduce reliance on its Chinese supply chain. The phone is being produced at a local plant of Apple’s Taiwanese contract manufacturer Foxconn, situated in the town of Sriperumbudur in…
A look at the day ahead in markets from Saikat Chatterjee. Relief that the far right did not win the first round of French presidential elections lasted only a few hours. The euro has slid back towards Friday’s levels while French stocks are set for a lacklustre start. With French leader Emmanuel Macron and far…
By Bozorgmehr Sharafedin LONDON (Reuters) -Oil prices dropped BY more than $2 a barrel on Monday after a second straight weekly decline on plans to release record volumes of crude and oil products from strategic stocks and on continuing coronavirus lockdowns in China. Brent crude for June delivery was down $2.12, or 2.1%, at $100.66…
By Emma-Victoria Farr LONDON (Reuters) – Goldman Sachs has acquired Netherlands-based asset manager NN Investment Partners for 1.7 billion euros ($1.9 billion) to expand its asset management footprint in Europe and increase its sustainable investment capabilities. NN Investment Partners, formerly part of NN Group, will be integrated into Goldman Sachs Asset Management (GSAM). The acquisition…
By Florence Tan and Isabel Kua (Reuters) – Oil prices dropped more than $2 a barrel on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as China’s lockdowns continued. Brent crude was down $2.05, or 2.0%, at…
BEIJING (AP) — Asian stock markets fell again Tuesday as investors waited for U.S. inflation data amid unease about higher interest rates, Chinese efforts to contain coronavirus outbreaks and Russia’s war on Ukraine. Shanghai, Tokyo, Hong Kong and Seoul fell. Oil prices rose more than $2 per barrel. Wall Street’s benchmark S&P 500 index slid…
AVENEL, N.J. (AP) — The familiar sights and sounds are still there: the scuffed and faded floor tiles, the relentless beige-on-beige color scheme, the toddlers’ clothes and refrigerators and pretty much everything in between. There’s even a canned recording that begins, “Attention, Kmart shoppers” — except it’s to remind folks about COVID-19 precautions, not to…
