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McDonald’s to sell Russia restaurants to local operator, rebrand
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Mercedes-Benz sets sunny scenario margin target of 14% by 2025
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As ECB pares back stimulus, investors alert for fragmentation risk
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Deutsche Bank links Henkel supply chain financing to ESG ratings
UK police issue 126 fines as Downing Street ‘partygate’ inquiry ends
Date: May 19, 2022
LONDON (Reuters) -British police said on Thursday they had ended their investigation into COVID-19 lockdown parties held at Prime Minister Boris Johnson’s Downing Street office, saying they had issued a total of 126 fines. Johnson has faced widespread calls from opposition politicians and some in his own party for him to resign over the “partygate”...
Deutsche Bank enters new era as chairman’s rocky decade ends
Date: May 19, 2022
By Tom Sims and Frank Siebelt FRANKFURT (Reuters) -Deutsche Bank begins a new epoch on Thursday as Chairman Paul Achleitner leaves after a rocky decade during which Germany’s largest lender lost billions and saw its share price plummet. If all goes to plan at Deutsche’s annual general meeting on Thursday, Alexander Wynaendts, a Dutch former...
UK industrial orders grow at joint-record pace in May – CBI
Date: May 19, 2022
LONDON (Reuters) -British manufacturers reported the joint-strongest growth in orders this month since records began, while output rose at the fastest rate since July, figures from the Confederation of British Industry showed on Thursday. The CBI data fits a broader pattern of fairly solid current demand conditions for businesses, but mounting worries about the outlook...
Going beyond its guidance on Russian gas payments is not ‘advisable,’ EU says
Date: May 19, 2022
BRUSSELS (Reuters) – It is not “advisable” for companies to go beyond the European Commission’s guidance on how to keep paying for Russian gas without breaching EU sanctions against Moscow for its invasion of Ukraine, a Commission spokesman said on Thursday. “We have given guidance to the member states that says what it is that...
Germany’s 10-year yield drops below 1% as growth fears in focus
Date: May 19, 2022
By Yoruk Bahceli (Reuters) – Germany’s 10-year bond yield fell below the closely watched 1% level on Thursday as a slump in U.S. stocks a day earlier brought growth fears back into focus. European markets followed a sell-off in U.S. equities and a sharp drop in Treasury yields on Wednesday, when retailer Target lost around...
Advisory firm PIRC opposes Shell climate plan for lacking ambition
Date: May 19, 2022
By Shadia Nasralla and Ron Bousso LONDON (Reuters) -Advisory group PIRC recommended shareholders vote against Shell’s non-binding climate resolution at the energy company’s annual general meeting (AGM) on Tuesday, according to a document seen by Reuters. The Pensions & Investment Research Consultants (PIRC), a major proxy advisory, said Shell’s climate plans did not provide sufficient...