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Germany to send seven self-propelled howitzers to Ukraine
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Hungary cannot support new EU sanctions against Russia in present form -PM Orban
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German industrial output falls more than expected in March
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Amadeus profit takes off in first quarter as air travel recovers
Greece to spend another 3.2 billion euros to shield consumers from energy crisis
Date: May 6, 2022
ATHENS (Reuters) – Greece plans a new 3.2-billion-euro ($3.97 billion) package of measures to relieve pressure on household budgets and businesses from soaring energy prices, Finance Minister Christos Staikouras said on Friday. Like many other countries, Greece has been in the grip of surging gas, electricity, fuel and food prices since last year, exacerbated after...
Analysis-Rising power bills complicate Australia’s election climate war
Date: May 6, 2022
By Sonali Paul MELBOURNE (Reuters) – In Australia’s election fight, politicians are tiptoeing around the climate wars that have marked the past decade and a half, even as an activist billionaire put the issue front and centre this week, buying a key stake in Australia’s top power producer. Climate-focused investor Mike Cannon-Brookes said his 11%...
Beazley earmarks $50 million for likely losses from Ukraine conflict
Date: May 6, 2022
(Reuters) – Beazley Plc said on Friday it had set aside about $50 million for expected losses related to the Russia-Ukraine crisis, after the British insurer reported a surge in quarterly gross written premiums. The British insurance industry had been recovering from hefty pandemic-related claims, thanks to rising premium rates, before sanctions on Russia and...
ING misses Q1 profit estimates as Russia provisions hit earnings
Date: May 6, 2022
By Toby Sterling AMSTERDAM (Reuters) -ING Groep NV, the largest Dutch bank, reported on Friday a worse-than-expected quarterly net income of 429 million euros ($452 million), including a surge in provisions for bad loans due to its exposure in Russia and Ukraine. Analysts had forecast first-quarter net income at 679 million euros, according to Refinitiv...
Malaysia aims to regain palm oil market share in EU amid global shortage
Date: May 6, 2022
KUALA LUMPUR (Reuters) – Malaysia, the world’s second largest palm oil producer, on Friday said it plans to leverage the global edible oil shortage and “political tension in Europe” to regain market share after buyers shunned the commodity over environmental concerns. Palm oil is used to make everything from lipstick to noodles, but top producers...
Payback time, Italy seeks to lessen COVID loan burden
Date: May 6, 2022
By Valentina Za, Giuseppe Fonte and Francesco Zecchini MILAN (Reuters) – Gianni Polidori served a final espresso in his freshly renovated cafe in the Italian port of Ancona at the end of March. Since then, he has been trying to sell Bar Dolce e Amaro so he can pay off months of rent and a...