By Essi Lehto and Anne Kauranen HELSINKI (Reuters) – For foreign companies still working out what to do with their stranded Russian assets, President Vladimir Putin’s seizure of a major oil and gas project is a powerful warning: Move fast or else. Companies have been wrestling with how to exit in ways that limit the…
LONDON (Reuters) – Britain on Monday launched a centre to gather data and analyse information on the supply of critical minerals such as cobalt and lithium, key for electric vehicle (EV) batteries. The centre, to be run by the British Geological Survey, will use the data to help to find ways to source minerals needed…
By Jorgelina do Rosario LONDON (Reuters) – From a $360 million project to expand Zambia’s international airport in Lusaka to a $1.4 billion city port in Sri Lanka’s capital of Colombo, China is the missing piece in the puzzle of a number of debt talks under way in developing markets. The second-largest economy and the…
LONDON (AP) — Germany and Ireland have condemned the U.K government’s move towards unilaterally rewriting parts of the post-Brexit deal with the European Union. German Foreign Minister Annalena Baerbock and Irish counterpart Simon Coveney said there was “no legal or political justification” for overriding the agreed trade rules in Northern Ireland. Writing in British newspaper…
SOFIA, Bulgaria (AP) — Two Russian airplanes departed Bulgaria on Sunday with scores of Russian diplomatic staff and their families amid a mass expulsion that has sent tensions soaring between the historically close nations, a Russian diplomat said. Filip Voskresenski, a high-ranking Russian diplomat, told journalists at the airport in Bulgaria’s capital Sofia before the…
PARIS (Reuters) – French care home company Orpea, under pressure over its business practices and the way it runs its homes, on Sunday announced proposals to shake of its board of directors to improve governance. Orpea said shareholders at its annual general meeting would be asked to appoint five new directors for a four-year term,…
COLOMBO, Sri Lanka (AP) — Cash-strapped Sri Lanka on Sunday extended school closures for one week because there isn’t enough fuel for teachers and parents to get children to classrooms, and the energy minister appealed to the country’s expatriates to send money home through banks to finance new oil purchases. A huge foreign debt has…
By Jorge Otaola and Eliana Raszewski BUENOS AIRES (Reuters) – The abrupt departure of Argentina’s economy minister and lack of a clear successor could threaten to further destabilize an economy already shaken by sky-high inflation, rising energy costs and growing fears over possible new defaults on debt. Martin Guzman, the architect of the South American…
CRETEIL, France (AP) — An amateur soccer tournament in France aimed at celebrating ethnic diversity is attracting talent scouts, sponsors and increasing public attention, by uniting young players from low-income neighborhoods with high-profile names in the sport. The National Neighborhoods Cup is intended to shine a positive spotlight on working-class areas with large immigrant populations…
By Selena Li HONG KONG (Reuters) – Chinese developer Shimao Group has missed the interest and principal payment of a US$1 billion offshore bond due on Sunday in the latest blow to China’s embattled property market. Shimao was unable to pay a total of US$1.023 billion in principal and interest to creditors of a senior…
