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Spain allows rationing products in case of market stress to prevent shortages
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Britain bids to stop P&O benefiting from mass firing
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Cartier and other Richemont labels leave Responsible Jewellery Council
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All Russia’s big exports could soon be in roubles, Kremlin signals
Britain is not seeking to remove Russia’s Putin – PM Johnson
Date: March 30, 2022
By Kylie MacLellan and Alistair Smout LONDON (Reuters) -Britain is focused on helping protect Ukrainians from the war and is not aiming to remove Russian President Vladimir Putin, Prime Minister Boris Johnson said on Wednesday. U.S. President Joe Biden has said that Putin “cannot remain in power”, later clarifying that his words reflected his moral...
Lessor Aercap lodges $3.5 billion claim for seized Russian aircraft
Date: March 30, 2022
By Conor Humphries and Tim Hepher DUBLIN (Reuters) – The world’s top aircraft lessor Aercap has submitted a $3.5 billion insurance claim for more than 100 jets stuck in Russia following its invasion of Ukraine, setting the stage for a lengthy legal wrangle between lessors and insurers. Dublin-based Aercap had the largest exposure of any...
Russia to keep gas contract prices unchanged in rouble switch, sources says
Date: March 30, 2022
(Reuters) – Russia plans to keep a contract price for gas exports to “unfriendly” countries unchanged but the payment should be done in the rouble equivalent on a pre-agreed settlement day, as one of the options to switch the currency, two Russian sources said. President Vladimir Putin has said Russia, the world’s top natural gas...
World’s top banks pumped $742 billion into fossil fuels in 2021 – report
Date: March 30, 2022
By Simon Jessop LONDON (Reuters) – The world’s top banks provided $742 billion in finance to the fossil fuel industry in 2021, little changed on the prior year, a report on Wednesday showed, despite growing calls to rein in lending to help tackle global warming. Banks are increasingly in the crosshairs of investors and campaigners...
Russian gold miners dig for ways to overcome Ukraine impact
Date: March 30, 2022
By Yadarisa Shabong (Reuters) -Russian gold miners Polymetal and Petropavlovsk warned on Wednesday of increasing hurdles in doing business, including higher operating costs and continued challenges repaying loans to sanctioned banks. Petropavlovsk said it was in early talks with its main lender, the sanctioned Russian bank Gazprombank, to restructure its debt after being unable to...
Ukraine says Russia planting mines in Black Sea as shipping perils grow
Date: March 30, 2022
By Jonathan Saul LONDON (Reuters) – Ukraine accused Russia on Wednesday of planting mines in the Black Sea and said some of those munitions had to be defused off Turkey and Romania as risks to vital merchant shipping in the region grow. The Black Sea is a major shipping route for grain, oil and oil...