By Huw Jones LONDON (Reuters) – The London Stock Exchange Group said on Thursday that applying financial sanctions on Russia following Moscow’s invasion of Ukraine would have only a minor impact on its business as it suspended more Russian listings. The exchange reported preliminary 2021 results which signalled it was keeping a lid on costs,…
ANKARA, Turkey (AP) — Turkey’s annual inflation rate further accelerated in February, official data showed Thursday, marking the biggest jump since 2002 and deepening the squeeze on households that are already struggling to purchase basic goods. The Turkish Statistical Institute said consumer prices rose 54.44% in February compared with a year ago. That is up…
NEW DELHI (Reuters) – An Indian tax investigation on China’s Huawei Technologies has found that the telecoms equipment maker manipulated account books to reduce its taxable income in the country, an Indian government source told Reuters on Thursday. Without naming the company, India’s Ministry of Finance said that a major telecoms group “failed to provide…
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….
