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EU bans top credit rating agencies from rating Russia and Russian firms
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For Dutch province, Ukraine war is a call to pump natural gas
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Germany’s RWE warns of major business risks if Ukraine war escalates
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European shares slump 2% on worries over China COVID surge
Lloyds CEO shakes up bank after strategy launch, some executives to exit
Date: March 15, 2022
By Iain Withers LONDON (Reuters) -Lloyds Banking Group CEO Charlie Nunn has begun a shake-up of the lender’s top team and internal structure as he looks to implement a strategy unveiled last month. The bank will split its three units into five as part of the plan, an internal memo seen by Reuters on Tuesday...
Euro rises on hopes of progress in Ukraine peace talks
Date: March 15, 2022
By Stefano Rebaudo (Reuters) – The euro rose on Tuesday on hopes of progress in peace talks between Ukraine and Russia despite soaring COVID-19 cases in China dampening risk appetite. Further talks between Ukrainian and Russian negotiators to ease the crisis were expected on Tuesday after discussions via video ended with no new progress announced....
Record slump in German investor morale raises spectre of recession
Date: March 15, 2022
By Miranda Murray and Paul Carrel BERLIN (Reuters) -German investor sentiment suffered a record slide in March due to the war in Ukraine and economic sanctions on Russia, a survey showed on Tuesday, with collapsing expectations making a recession in Europe’s largest economy “more and more likely”. The ZEW economic research institute said its economic...
Russian law creates new hurdle for foreign plane lessors
Date: March 14, 2022
(Reuters) -Russia on Monday passed a law allowing the country’s airlines to place airplanes leased from foreign companies on the country’s aircraft register – a manoeuvre likely to stoke Western fears of a mass default involving hundreds of jetliners. The bill, signed by Russian President Vladimir Putin, has rattled global leasing firms days before a...
Blue Origin to fly SNL star Pete Davidson to space next week
Date: March 14, 2022
(Reuters) -Jeff Bezos’ astro-tourism company Blue Origin will fly “Saturday Night Live” star Pete Davidson to suborbital space next week. The 28-year-old comedian will be part of the fourth human flight to space aboard Blue Origin’s New Shepard spacecraft, the company said on Monday. The 10-minute flight will lift off from a Texas launch facility...
U.N. chief: prospect of nuclear conflict back ‘within realm of possibility’ over Ukraine
Date: March 14, 2022
By Humeyra Pamuk (Reuters) -United Nations Secretary-General Antonio Guterres on Monday sounded the alarm over Russia raising the alert level for its nuclear forces after invading Ukraine, describing it as a “bone-chilling development.” “The prospect of nuclear conflict, once unthinkable, is now back within the realm of possibility,” Guterres told reporters, and repeated his call...