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Soccer-Manchester United’s Fernandes backs manager’s strict timekeeping
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ECB to join rate hike club with big move under discussion
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Britain’s SSE says first-quarter trading beats expectations
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Russia’s Polymetal to ramp up Asia sales as revenue slides
Exclusive: Citi, Raiffeisen, other foreign banks seek staff in Russia as they struggle to exit
Date: July 21, 2022
MOSCOW (Reuters) – Russian divisions of foreign banks, such as Citi and Raiffeisen Bank International, have started looking for staff this month after Russian authorities moved to block them exiting the country, industry sources and a recruiting company said. Russia’s move to send tens of thousands of troops into Ukraine on Feb. 24 prompted Western...
Builder Skanska flags inflation woes after narrow profit beat
Date: July 21, 2022
STOCKHOLM (Reuters) -Skanska reported on Thursday a rise in second-quarter profit that was slightly bigger than expected, and said activity was high in the construction industry but inflation would remain challenging for the market. Operating profit at the Nordic region’s largest builder, and one of the biggest in the United States, came in at 2.40...
Tesla braces for earnings hit, but EV delivery outlook is key
Date: July 20, 2022
(This July 19 story corrects timeframe in fifth paragraph from “a year ago” to “a quarter ago”) By Hyunjoo Jin and Nivedita Balu (Reuters) – Tesla Inc’s second-quarter results on Wednesday are expected to show the strains of China’s COVID-19 lockdown and protracted startups of new factories. Investors want to know if the end of...
Airbus CEO says Farnborough brings more comfort on engines
Date: July 20, 2022
By Tim Hepher (Reuters) -The head of the world’s largest planemaker, Europe’s Airbus, said on Wednesday he felt slightly more upbeat about delayed jet engine arrivals after talking to suppliers and said Airbus’ own jetliner delivery targets were “still feasible”. Guillaume Faury was talking to Reuters at the Farnborough Airshow where engine makers said they...
Biden stops short of declaring climate emergency, takes steps on wind power
Date: July 20, 2022
By Jeff Mason and Timothy Gardner SOMERSET, Mass./WASHINGTON (Reuters) -U.S. President Joe Biden said on Wednesday that climate change is an emergency but stopped short of a formal declaration, announcing a modest package of executive actions and promising more aggressive efforts. Biden made the comments during a visit to Massachusetts and as a historic heat...
Sri Lanka gets new president in six-time PM Wickremesinghe
Date: July 20, 2022
By Uditha Jayasinghe, Alasdair Pal and Devjyot Ghoshal COLOMBO (Reuters) – Sri Lankan lawmakers voted in acting President Ranil Wickremesinghe as the new president on Wednesday, hoping his long experience in government can help pull the country out of a crippling economic and political crisis. The six-time prime minister won 134 votes in the 225-member...