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U.S., allies slam Russia at U.N. over its seizure of Ukraine nuclear plant
Russia seizes Ukraine nuclear power plant as forces lay siege to cities
Date: March 4, 2022
By Pavel Polityuk and Aleksandar Vasovic LVIV, Ukraine/KYIV (Reuters) -Russian forces in Ukraine seized Europe’s biggest nuclear power plant on Friday in an assault that caused alarm around the world and that Washington said had risked catastrophe, although officials said later that the facility was now safe. Fighting also raged elsewhere in Ukraine as Russian...
Tesla’s long-delayed German gigafactory gets conditional green light
Date: March 4, 2022
By Nadine Schimroszik and Christoph Steitz POTSDAM, Germany (Reuters) -Tesla received a conditional go-ahead for its German gigafactory near Berlin on Friday, the state of Brandenburg said, ending months of delay for the 5 billion euro ($5.5 billion) landmark plant. The gigafactory, which is key to Tesla CEO Elon Musk’s ambitions to vanquish European market...
Coinbase, Binance resist calls to kick Russians off crypto platforms
Date: March 4, 2022
By Niket Nishant (Reuters) -Two of the world’s biggest cryptocurrency exchanges, Coinbase Global Inc and Binance, rejected calls on Friday for a blanket ban on all Russian users to stop their platforms from being used as a way round Western sanctions. By staying put in Russia despite the invasion of Ukraine, the two exchanges are...
Switzerland adopts new EU sanctions on Russia
Date: March 4, 2022
ZURICH (Reuters) – The Swiss government on Friday widened sanctions against Russia in step with further measures imposed by the European Union, tightening exports and financial services to the country over the biggest attack on a European state since World War Two. In a sharp deviation from its traditional neutrality, Switzerland moved on Monday to...
Analysis-War in Ukraine puts pressure on East European banks to prop up sinking currencies
Date: March 4, 2022
By Gergely Szakacs and Alan Charlish BUDAPEST/WARSAW (Reuters) – Russia’s invasion of Ukraine is putting pressure on central banks along the European Union’s eastern flank to prop up their weakening currencies, forcing Czech and Polish rate-setters into market interventions and Hungary into prolonged rate hikes. The market sell-off in the wake of the Russian invasion...
Lebanese bank closes over 30 British-held accounts after UK ruling-depositors’ group
Date: March 4, 2022
By Timour Azhari and Tom Perry BEIRUT (Reuters) – Lebanon’s Bank Audi has closed more than 30 accounts belonging to UK nationals or their close relatives since a London court ordered it to transfer funds stuck in the crisis-hit banking sector to a British client, a depositors’ union said. The Feb. 28 order requiring Bank...