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BMW profit gets lift from Chinese joint venture, strong prices
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UK revokes Moscow bourse’s status as recognised exchange
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German industrial orders fall as Ukraine war dampens demand
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Germany’s EnBW fully prepared for Russian coal ban, CEO says
UK’s Johnson to meet Japan’s Kishida to bolster defence, trade ties
Date: May 5, 2022
LONDON (Reuters) – Prime Minister Boris Johnson meets Japanese Prime Minister Fumio Kishida on Thursday to bolster defence and trade cooperation, part of Britain’s post-Brexit policy to deepen ties with nations in the Indo-Pacific region. With talks expected to focus on measures to put pressure on Russian President Vladimir Putin over his country’s invasion of...
Gucci jumps on the crypto bandwagon with U.S. project
Date: May 5, 2022
(Reuters) – Gucci’s high-end handbags and other luxury products can now be bought using cryptocurrencies, including bitcoin, in some U.S. stores, the Italian company said, as digital currencies move to broader acceptance. Starting later this month, customers can pay with crypto at some of Gucci’s flagship stores, including Rodeo Drive in Los Angeles and Wooster...
Spain’s inflation peaked, to start falling in second half of 2022, minister says
Date: May 5, 2022
MADRID (Reuters) – Spain’s Economy Minister Nadia Calvino said on Thursday inflation has peaked in the country and is likely to start falling in the second half of this year. The 12-month inflation rate in Spain had increased to a three-decade high of 9.8% in the period through March though the most recent data in...
Next maintains full-year guidance as Britons carry on shopping
Date: May 5, 2022
By James Davey LONDON (Reuters) – Clothing retailer Next kept its guidance for the full year after reporting a rise in sales in its latest quarter, providing reassurance that cash-strapped Britons are still shopping. Next, which trades from about 500 stores and online, said on Thursday its full price sales rose 21.3% in the 13...
Bentley Q1 profit soars despite cars lost at sea and stuck in China
Date: May 5, 2022
By Nick Carey LONDON (Reuters) – Luxury British carmaker Bentley on Thursday said its first-quarter operating profit jumped 162% versus the same period last year, as soaring vehicle prices offset the loss of some cars at sea and pandemic-related delivery problems in China. The Volkswagen unit said high customer interest in new models resulted in...
Soccer-Man City must refocus on Premier League title race after Real blow
Date: May 5, 2022
By Mark Gleeson (Reuters) – Manchester City must quickly put the disappointment of Champions League failure behind them as their battle for Premier League supremacy with Liverpool resumes at the weekend. City were minutes away from booking a place in the final before Real Madrid produced a stunning extra-time comeback to advance to the May...