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Vitol sends first shipment of Russian ESPO crude cargo to UAE, data shows
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Belgium’s Solvay hikes 2022 profit forecast after first-quarter beat
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Musk says Twitter may charge slight fee for commercial, government users
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Fed expected to step up inflation fight with big rate hike
BNP Paribas pledges no new loans for oil drilling in Amazon rainforest
Date: May 3, 2022
By Tommy Wilkes LONDON (Reuters) – France’s BNP Paribas pledged on Tuesday to end most new financing for oil production in the Amazon rainforest and said it would reduce its “financed emissions intensity” in the energy and auto sectors. Emissions intensity is a measure of emissions relative to output that some climate activists have said...
Oil slides as China lockdowns outweigh proposed EU Russia oil ban
Date: May 3, 2022
By Nia Williams (Reuters) -Oil prices fell by more than 2% on Tuesday as demand worries stemming from China’s prolonged COVID-19 lockdowns outweighed the prospect of a European embargo on Russian crude. Beijing is mass-testing residents to avert a lockdown similar to Shanghai’s over the past month. The capital’s restaurants were closed for dining in...
Wall Street sees greater risk of default by major banks
Date: May 3, 2022
By Mehnaz Yasmin (Reuters) – The cost to insure bonds of Goldman Sachs, Morgan Stanley and Citigroup against default hit two-year highs on Monday on growing fears the U.S. Federal Reserve’s aggressive moves to tame inflation might tip the economy into recession. Credit risks have worsened since the Ukraine crisis as some big U.S. banks...
Google faces internal battle over research on AI to speed chip design
Date: May 3, 2022
By Paresh Dave OAKLAND, Calif. (Reuters) – Alphabet Inc’s Google said on Monday it had recently fired a senior engineering manager after colleagues, whose landmark research on artificial intelligence software he had been trying to discredit, accused him of harassing behavior. The dispute, which stems from efforts to automate chip design, threatens to undermine the...
Amazon France pay deal rejected by unions on last day of talks
Date: May 3, 2022
PARIS (Reuters) – Most unions at U.S. e-commerce giant Amazon’s French arm rejected the company’s 2022 pay proposal on the final day of talks, but no immediate industrial action is planned, union representatives said. A group unions had proposed a 5% pay increase to compensate for a sharp rise in inflation in France. The company,...
Exclusive-Germany’s SAP hires adviser for $1 billion Litmos software sale -sources
Date: May 3, 2022
By Emma-Victoria Farr and Krystal Hu LONDON (Reuters) – German software firm SAP is working with investment bank Moelis & Co to sell its corporate learning software business Litmos as it seeks to streamline its operations and focus on cloud-based revenue, three sources told Reuters. The sale of California-based Litmos, which is profitable, could fetch...