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Beneath a portrait of Putin, some Ukrainians embrace Russian passports
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Deloitte successfully advises Saudi contractor through an in-court financial restructuring
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Rio Tinto slashes dividend as profits take a hit; shares tumble
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Exclusive: EU found evidence employee phones compromised with spyware -letter
Credit Suisse names new CEO to overhaul investment bank as losses mount
Date: July 27, 2022
ZURICH (Reuters) – Credit Suisse Group has named asset management boss Ulrich Koerner as its new CEO, who is tasked with scaling back investment banking and cutting more than $1 billion in costs to help the bank recover from a string of scandals and losses. The Swiss bank has dubbed 2022 a “transition” year with...
Buoyant company earnings enliven recession-focused markets
Date: July 27, 2022
By Sujata Rao LONDON (Reuters) – Better-than-expected earnings from a raft of U.S. and European companies helped steady global stock markets on Wednesday, cutting through gloom caused by rising interest rates and the threat of an energy crunch due to Russian gas supply cuts. Ten-year U.S. Treasury bond yields – the reference rate for the...
Ukraine grain export coordination centre opens in Istanbul
Date: July 27, 2022
By Can Sezer and Orhan Coskun ISTANBUL (Reuters) -Turkish Defence Minister Hulusi Akar on Wednesday unveiled a centre in Istanbul to oversee the export of Ukrainian grains after a landmark U.N. deal last week, with the first shipment expected to depart from Black Sea ports within days. Russia and Ukraine signed the deal, brokered by...
UniCredit ready for economic shocks after bumper quarter
Date: July 27, 2022
By Valentina Za MILAN (Reuters) – UniCredit raised its 2022 outlook on Wednesday after a surprisingly strong second quarter in which it cut exposure to Russia and moved ahead with a proposed share buyback it had put on hold. CEO Andrea Orcel told reporters the bank was better placed than some rivals to withstand the...
Britain’s rail network hit by fresh strike action over pay dispute
Date: July 27, 2022
By Kylie MacLellan LONDON (Reuters) -Britain’s rail network faced major disruption again on Wednesday as staff walked out in a row over pay and conditions, the latest in a wave of industrial unrest as wages fail to keep pace with soaring inflation. The 24-hour strike by more than 40,000 members of the RMT and TSSA...
Lufthansa ground staff walk out in Germany in pay dispute
Date: July 27, 2022
By Frank Simon and Timm Reichert FRANKFURT (Reuters) -Ground staff at Deutsche Lufthansa went on strike early Wednesday, prompting the cancellation of more than 1,000 flights, and adding to travel disruptions during the busy summer travel season. Labour union Verdi had called for the walkout, which is due to run until 6 a.m. (0400 GMT)...