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Insurer Allianz toughens oil & gas policy to help meet climate goal
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Sanctions tighten screws on Russia’s Sovcomflot as ship insurers cut cover
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Europe strains for clarity as Russia stands by roubles-for-gas demand
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AstraZeneca says its COVID shot still has role despite global glut
Swiss National Bank says inflation so far no reason for rate hike
Date: April 29, 2022
ZURICH (Reuters) – The recent spike in Swiss inflation has not warranted an interest rate rise, Swiss National Bank Chairman Thomas Jordan said on Friday, departing from other central banks which have begun their own hikes to tackle spiralling price rises. Sweden’s central bank on Thursday became the latest to raise its interest rate, following...
Japan finds wreck of boat missing after accident that killed 14
Date: April 29, 2022
TOKYO (Reuters) -Japan located on Friday the hull of a tour boat off its northern coast, the coast guard said, six days after the vessel disappeared in an accident that killed at least 14 people on a sightseeing trip. The hull of the “Kazu I” was found on the seabed at a depth of about...
Gas-guzzling German carmakers face uphill struggle to go green
Date: April 29, 2022
By Victoria Waldersee BERLIN (Reuters) – As Germany speeds up investment in renewables, the energy consumption of its carmakers reveals just how reliant the country’s most important industry is on fossil fuels, a Reuters analysis of environmental data shows. Their dependence lays bare the hurdles automakers face in transforming their own energy consumption while moving...
Material costs, Ukraine war lead Henkel to expect lower profits
Date: April 29, 2022
DUESSELDORF, Germany (Reuters) – German consumer goods group Henkel said on Friday it was lowering its profit forecasts for 2022 in light of stronger-than-expected increases in materials costs and the consequences of the Russian invasion of Ukraine. However, the maker of Persil washing detergents and Pritt glue is more optimistic than before about sales growth...
UK house price growth slows from 18-year high – Nationwide
Date: April 29, 2022
By David Milliken LONDON (Reuters) – British house prices rose less than expected this month after expanding in March at the fastest pace since 2004, figures from mortgage lender Nationwide showed on Friday. Annual price growth slowed to 12.1% in April from March’s 18-year peak of 14.3%, after a 0.3% monthly increase which was the...
Reckitt price hikes drive better than expected sales growth
Date: April 29, 2022
LONDON (Reuters) -Reckitt Benckiser Group beat first-quarter sales expectations on Friday, having increased prices to offset soaring raw material costs and flat volumes. Consumer goods manufacturers from Procter & Gamble to Nestle have for months sought to raise prices in the face of higher supply chain and commodity expenses, with Russia’s invasion of Ukraine having...