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Europe’s banks brace for Russia fallout while U.S. banks see limited pain
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Recruiter Hays raises annual profit forecast on robust hiring demand
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Miner Anglo American joins rivals with record profit and payouts
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Recruiter Hays raises annual profit forecast on robust hiring demand
Safran boosts titanium stocks, shores up supply chain
Date: February 24, 2022
By Tim Hepher PARIS (Reuters) -French jet engine maker Safran said on Thursday it had enough titanium reserves for several months after increasing stocks of the metal since the start of the year as Western aerospace companies brace for fallout from the Ukraine crisis. Safran, which uses titanium to make landing gear for long-haul jetliners...
Germany can ensure energy supply without Russian gas – econ minister
Date: February 24, 2022
BERLIN (Reuters) – Germany can guarantee security of supply even without Russian gas or oil, Economy Minister Robert Habeck said on Thursday. “We will have to buy more gas, but also coal from other countries,” Habeck told broadcaster ZDF, adding that Germany, which gets half its gas from Russia, was too dependent on Russian oil...
European finance reacts to Ukraine conflict with emergency plans, bond freezes
Date: February 24, 2022
By Tom Sims and Iain Withers FRANKFURT/LONDON (Reuters) -Europe’s financial sector scrambled on Thursday after Russia invaded Ukraine, with Allianz saying it had frozen its Russian government bond exposure and top British domestic lender Lloyds saying it was on “heightened alert” for cyberattacks. Deutsche Bank said it had contingency plans in place. Shares of leading...
UK records 41,130 new COVID cases, 205 deaths
Date: February 23, 2022
LONDON (Reuters) – Britain reported 41,130 new COVID-19 cases on Tuesday and 205 more deaths within 28 days of a positive test, official data showed. The figures compared to 38,409 cases and 15 deaths reported on Monday. (Reporting by Michael Holden; editing by William James)...
Naturgy angers industry by renegotiating gas contracts despite paying the penalties
Date: February 23, 2022
By Aida Pelaez-Fernandez and Christina Thykjaer MADRID (Reuters) – Spanish power and gas company Naturgy has angered some of its industrial customers by renegotiating long-term gas contracts to match recent price hikes, despite paying the penalties for doing so. Naturgy has unilaterally ended gas supply contracts with companies manufacturing brick and roof tiles in recent...
Louis Vuitton to ramp up production in France with 2 new sites
Date: February 23, 2022
VENDOME, FRANCE (Reuters) – Louis Vuitton, the world’s largest luxury label and part of LVMH Moët Hennessy Louis Vuitton, plans to ramp up production in France, with two new sites scheduled to open before the end of the year, LVMH boss Bernard Arnault said on Tuesday. “We are at the end – I hope –...