BRUSSELS (AP) — The European Union on Thursday stepped up its dispute with China as it took an economic spat over exports from member state Lithuania to the world trade’s governing body and accused Beijing of seeking to undermine the 27-nation bloc’s single market. EU Trade Commissioner Valdis Dombrovskis insisted the European Union was owed…
LONDON (Reuters) – Emerging markets-focussed lender Standard Chartered said on Thursday it had appointed sustainability veteran Marisa Drew as Chief Sustainability Officer, effective July 1. Drew joins from Credit Suisse, where she held a similar role, and is a prominent member of various industry bodies linked to sustainability issues, including the Milken Institute Center for…
TOKYO (AP) — The French-Japanese auto alliance of Renault and Nissan plans to invest 23 billion euros ($26 billion) in electric vehicle technology over the next five years, the companies said Thursday. The alliance, which also includes smaller Japanese automaker Mitsubishi Motors Corp., will share research, auto parts and technology to bring down costs and…
By Tim Kelly and Gilles Guillaume TOKYO/PARIS (Reuters) – Renault and Nissan will work more closely together to make electric cars, they said on Thursday, as they detailed a $26 billion investment plan over the next five years to stay competitive in the switch to cleaner driving. The two-decade old alliance, which also includes Mitsubishi…
LONDON (Reuters) – Stocks fell on Thursday and U.S. short-term government bond yields rocketed to their highest in 23-months after the Federal Reserve stuck to plans for an interest rate increase in March and more policy tightening to curb high inflation. In early trading, the Euro STOXX was down 0.5%, while Germany’s DAX lost 1.21%….
By Paul Sandle LONDON (Reuters) -Britain’s easyJet said the easing of travel restrictions had spurred demand for summer beach destinations such as Greece, Turkey and Spain, giving the airline cause for optimism after the shadow of Omicron lifts. Its chief executive Johan Lundgren said bookings jumped in Britain when restrictions were reduced earlier this month…
BANGKOK (AP) — Australia’s Woodside Petroleum is withdrawing from projects in strife-torn Myanmar, following a similar decision last week by Total and Chevron. Woodside put all its Myanmar activities under review after the military seized power a year ago, deposing the elected government of Aung San Suu Kyi and triggering mass public protests that security…
By Tom Sims and Frank Siebelt FRANKFURT (Reuters) -Deutsche Bank capped its most profitable year in a decade on the back of a dealmaking boom, strengthening Chief Executive Christian Sewing’s hand as he prepares to lay out a new strategy and targets for the years ahead in March. The surprise finale — analysts had been…
BEIJING (Reuters) -Oil prices fell on Thursday as the U.S. dollar strengthened following signs that the Federal Reserve will tighten monetary policy soon in the world’s biggest oil user. Futures pulled back amid a broader decline in financial markets after the Fed telegraphed a March interest rate increase and as the dollar climbed against its…
LONDON (Reuters) – Diageo, the maker of Johnnie Walker whisky and Tanqueray gin, on Thursday said that first-half sales rose 15.8% as more consumers bought high-end spirits and bars increased orders as they reopened after coronavirus lockdowns. (Reporting by Richa Naidu; Editing by David Goodman)
