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Build or buy? Automakers chasing Tesla rethink dependence on suppliers
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Britain sanctions Russian media, targeting disinformation
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Social media interoperability project Bluesky names first employees
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Food stamp recipients are the new frontier for Target.com
Russia sets deadline for rouble gas payments, Europe calls it ‘blackmail’
Date: March 31, 2022
By Joseph Nasr and Mark Trevelyan BERLIN/LONDON (Reuters) – Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Berlin said amounted to “blackmail”. Putin’s move, via a decree signed on Thursday, leaves Europe facing the...
TIM, CDP set to start formal talks for network deal – sources
Date: March 31, 2022
By Elvira Pollina MILAN (Reuters) – Telecom Italia (TIM) and state lender CDP are expected to start formal negotiations over a potential merger of TIM’s network assets with those of state backed Open Fiber, two sources familiar with the matter said. The negotiations would come as TIM boss Pietro Labriola presses ahead with a standalone...
Oil prices dive as U.S. considers record reserves release
Date: March 31, 2022
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices tumbled on Thursday on news that the United States was considering the largest ever release from its Strategic Petroleum Reserve, while OPEC+ stuck to its existing deal for May output. Brent crude futures for May, which expire on Thursday, were down $5.24, or 4.62%, to $108.21 a barrel...
Toshiba’s top shareholder to sell stake if Bain launches tender offer
Date: March 31, 2022
By Makiko Yamazaki and Junko Fujita TOKYO (Reuters) – Toshiba Corp’s top shareholder said it had agreed to sell its stake to Bain Capital if the U.S. private equity firm launched a tender offer, potentially forcing the embattled conglomerate to revive talks for a private equity buyout. The agreement between Bain and Singapore-based Effissimo Capital...
Analysis-End of an era in sight as euro area borrowing costs sweep above 0%
Date: March 31, 2022
By Dhara Ranasinghe and Yoruk Bahceli LONDON (Reuters) – When euro zone interest rates turned negative in 2014, fixed income specialist Michael Hampden-Turner recalls having to explain to baffled bond investors how they could be charged to lend money to governments. As central banks sought to help economies through a succession of crises by making...
Italy’s Draghi discussed idea of Italy-Spain pipeline with Sanchez
Date: March 31, 2022
ROME (Reuters) – Italian Prime Minister Mario Draghi said he had discussed the idea of building a gas pipeline to Spain with his Spanish counterpart as part of plans to wean Europe off Russian gas. “There is the idea of the Italy-Spain gas pipeline, which we discussed with (Prime Minister Pedro) Sanchez in Rome and...