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UK sanctions Russian separatists in breakaway regions
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Global shares pause on inflation view as oil rises on Ukraine
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Reality check looms for southern Europe’s bond markets
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Binance CEO praises ‘pro-crypto’ France as it pursues base there
GSK to buy Sierra Oncology amid pressure to boost drug pipeline
Date: April 13, 2022
By Natalie Grover and Yadarisa Shabong (Reuters) – Britain’s GlaxoSmithKline sought to bolster its cancer business on Wednesday by agreeing a $1.9 billion deal to buy U.S. drug developer Sierra Oncology, the latest move to fend off pressure from activist shareholder Elliott. GSK has been facing mounting calls to shore up its drug pipeline since...
Barry Callebaut says staying in Russia ‘feels right’ for now
Date: April 13, 2022
By Silke Koltrowitz ZURICH (Reuters) -Swiss chocolate maker Barry Callebaut will keep operating in Russia to help customers and employees there, even though images from the war in Ukraine create “enormous pressure,” it said on Wednesday. Shares in the Zurich based-group fell more than 5% as some analysts worried about its – albeit small –...
Leaders of Poland and Baltic states in Kyiv to discuss military assistance
Date: April 13, 2022
VILNIUS/WARSAW (Reuters) -The presidents of Poland, Lithuania, Latvia and Estonia arrived in Kyiv on Wednesday to meet Ukraine’s President Volodymyr Zelenskiy, the Polish leader’s office said. The four join a growing number of European politicians to visit the Ukrainian capital since Russian forces were driven away from the country’s north earlier this month. “Heading to...
Delta sees return to profit as consumer travel demand hits ‘historic’ levels
Date: April 13, 2022
By Rajesh Kumar Singh CHICAGO (Reuters) – Delta Air Lines Inc on Wednesday reported a quarterly loss, but forecast a return to profit in the current quarter as airline travel demand reaches record heights. The Atlanta-based company’s adjusted loss for the first quarter came in at $1.23 per share, compared with average analyst estimates of...
France’s EDF could sell renewables to focus on nuclear – BFM
Date: April 13, 2022
PARIS (Reuters) -France is considering restructuring plans for debt-laden power firm EDF that include full nationalisation followed by the sale of its renewables business to focus on nuclear energy, BFM Business reported, citing unidentified sources. The website said the government was working with investment bank Goldman Sachs on several restructuring scenarios. The sale of the...
Tesco warns of lower profits as UK inflation squeeze tightens
Date: April 13, 2022
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest retailer, warned of a drop in profits this financial year as surging inflation piles pressure on the supermarket group and its customers alike. Shares in the company, which has a more-than 27% share of Britain’s grocery market, were down 5% at 0931 GMT, the biggest decline of...