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Domino’s Pizza CEO to retire, operating officer to take over
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European Union talks to U.S. about widening airspace ban on Russia
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Italy plans $4.5 billion fund to boost chipmaking
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Italy can cope without Russian gas, explores alternatives-Draghi
Queen Elizabeth well enough to carry out virtual audiences -source
Date: March 1, 2022
LONDON (Reuters) – Queen Elizabeth is feeling well enough to undertake two virtual audiences on Tuesday, a Buckingham Palace source said. The British monarch postponed several scheduled virtual audiences last week but continued to perform other official duties as she recovered from COVID-19. (Reporting by Michael Holden, Writing by Kylie MacLellan; editing by James...
More supply chain pain as airspace closures hit air cargo
Date: March 1, 2022
By Jamie Freed and Ilona Wissenbach (Reuters) -Global supply chains, already hit hard by the pandemic, face new disruption and cost pressure as airspace bans following Russia’s invasion of Ukraine raise concerns over a fifth of air freight. Transport between Europe and north Asian destinations like Japan, South Korea and China is in the front...
Russia says it won’t yield to sanctions pressure over Ukraine
Date: March 1, 2022
MOSCOW (Reuters) -Western sanctions will never make Russia change its position on Ukraine, the Kremlin said on Tuesday. Responding to a barrage of Western sanctions over Russia’s invasion of Ukraine, Kremlin spokesperson Dmitry Peskov said: “They are counting on forcing us to change our position. This is out of the question.” Peskov told reporters that...
Telecom Italia to present standalone plan as KKR hovers
Date: March 1, 2022
By Elvira Pollina MILAN (Reuters) – Telecom Italia (TIM) will this week set out its alternative to a 10.8 billion euro ($12 billion) takeover by U.S. fund KKR and also publish bleak annual results that will underline the challenges that it faces. Under pressure from stiff competition on its home turf, the debt-laden former phone...
Investors cut Russia exposure amid Ukraine crisis; banks halt slide
Date: March 1, 2022
By Carolyn Cohn and Lawrence White LONDON (Reuters) – Major investors, including hedge fund Man Group and British asset manager abrdn, said on Tuesday they were cutting their positions in Russia in the wake of the country’s invasion of Ukraine. Their pronouncements came as shares in some European banks steadied after heavy declines on Monday...
Factbox-Corporate ties to Russia uprooted as sanctions tighten
Date: March 1, 2022
(Reuters) – Companies have taken action to limit, put on hold or exit business activities in Russia following a wave of sanctions imposed after Moscow’s invasion of Ukraine. Below is a list of companies that have announced plans to exit Russia or to curb activities there: AUTOMAKERS Daimler Truck said it would freeze its business...