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Square Enix to sell ‘Tomb Raider’ to Sweden’s Embracer
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Dollar rises towards 20-year high, euro dips after weak data
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Analysis-Iran nuclear deal near death, but West not ready to pull plug
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The New Jet Set: How the COVID-driven boom in private jets is still flying high
Berkshire shareholders look beyond Warren Buffett, Charlie Munger
Date: May 2, 2022
By Jonathan Stempel and Carolina Mandl OMAHA, Neb. (Reuters) – Berkshire Hathaway Inc shareholders face a question that Warren Buffett sought to tackle at the company’s annual meeting: How will Berkshire fare when he’s no longer around? Buffett, perhaps the world’s greatest investor, and with the star power to draw fans from around the world,...
Google urges court to scrap $1.6 billion EU antitrust fine
Date: May 2, 2022
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet unit Google on Monday urged Europe’s second-highest court to dismiss a 1.49-billion-euro ($1.6 billion) fine imposed by EU antitrust regulators three years ago for hindering rivals in online search advertising. The case is one of three that has resulted in a total of 8.25 billion euros in...
Ukraine evacuees head to safety after ordeal in Mariupol steel works
Date: May 2, 2022
By Joseph Campbell ZAPORIZHZHIA, Ukraine/KYIV (Reuters) – The first evacuees from the ruins of Mariupol’s Azovstal steel works were expected to reach the Ukrainian-controlled city of Zaporizhzhia on Monday after cowering in underground bunkers from Russian shelling for weeks. The vast Azovstal industrial complex in the Sea of Azov port city that has been devastated...
EU may offer Hungary, Slovakia exemptions from Russian oil embargo
Date: May 2, 2022
By Jan Strupczewski and Kate Abnett BRUSSELS (Reuters) -The European Commission may spare Hungary and Slovakia from an embargo on buying Russian oil, now under preparation, wary of how dependent the two countries are on Russian crude, two EU officials said on Monday. The Commission is expected to finalise on Tuesday work on the next,...
Vestas warns Ukraine war adds to strain on wind industry, shares plummet
Date: May 2, 2022
COPENHAGEN (Reuters) -Wind turbine maker Vestas posted a deep first-quarter loss and slashed its 2022 margin forecast due to the war in Ukraine and writedowns in its offshore business, reflecting an industry wide struggle to turn a profit despite record demand. Focus on renewables has intensified as the West steps up efforts to wean itself...
Euro zone factory output growth stalled in April – PMI
Date: May 2, 2022
LONDON (Reuters) – Euro zone manufacturing output growth stalled last month as factories struggled to source raw materials while demand took a knock from steep price increases and fears about the economic outlook, a survey showed. Russia’s invasion of Ukraine, coupled with renewed COVID-19 related lockdowns in China, have exacerbated supply chain bottlenecks and left...