21

Mar

Valentino 2021 sales rose 41%, listing not in fashion house’s plans – CEO to paper

ROME, March 21 (Reuters) - Italian fashion house Valentino posted a 41% jump in sales last year at constant exchange rates and is not considering a listing anymore, Chief Executive Officer Jacopo…

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21

Mar

Ryanair to reach net zero via sustainable fuel, offsetting measures

DUBLIN, March 21 (Reuters) - Ryanair RYA.I aims to achieve a third of its decarbonisation target by flying its planes with sustainable aviation fuels, and will also rely on offsetting measures to cut its…

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21

Mar

Aluminium prices jump on Russian supply worries

March 21 (Reuters) - Aluminium prices jumped more than 5% on Monday after Australia banned the export of materials used to make the metal to Russia as part of its sanctions against…

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21

Mar

Gold rises as Ukraine crisis escalates

March 21 (Reuters) - Gold prices rose on Monday, lifted by safe-haven demand as the Ukraine crisis showed no signs of abatement, although the gains were capped by the U.S.…

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20

Mar

Almost 90% of Debenhams stores still lie empty a year after collapse

Nearly 90% of former Debenhams stores remain empty almost a year after the department store closed its doors for the last time, in a sign of the challenge to reinvent…

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19

Mar

Pirelli puts brake on Russian activities

Italy's Pirelli  said this week it had halted investments in Russia, excluding those linked to security, and that the activity of its factories in the country would be curtailed. "Pirelli…

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19

Mar

Maserati to consider more limited edition cars as it pursues electrification

Italy’s Maserati is considering more limited edition, super sports cars like its MC20, Chief Executive Davide Grasso said as Stellantis’ luxury brand embraces electrification. “Yes, there is scope for that,…

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18

Mar

IEA urges reduced transport to cut oil use amid supply crunch

LONDON, March 18 (Reuters) - The International Energy Agency (IEA) on Friday urged consumers to travel less, share transport and drive more slowly, part of a 10-point plan to cut oil use…

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18

Mar

Russia’s Sberbank says sanctions limiting some forex transfers in Russia and abroad

March 18 (Reuters) - Russia's largest lender Sberbank  on Friday said sanctions on its operations meant its customers would be unable to transfer funds in certain foreign currencies to accounts at other banks,…

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18

Mar

GO Takes IoT to new Heights With leap Into Green Technology

GO announced its acquisition of a majority shareholding in Sens Innovation Group Limited (SENS) for an initial €1 million investment, with the potential to increase to approximately €3 million. SENS…

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18

Mar

Aeromexico exits bankruptcy

Mexican airline Grupo Aeromexico announced that it has emerged from bankruptcy protection, adding it now plans to spend $5 billion over the next five years on fleet modernization and other upgrades.…

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18

Mar

Oil jumps as Russia-Ukraine talks stall

MELBOURNE, March 18 (Reuters) - Oil prices extended their rally on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine…

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17

Mar

Swiss gold exports to China ease from five-year high

LONDON, March 17 (Reuters) - Swiss exports of gold to China in February eased from the previous month's five-year high, but shipments to India recovered, Swiss customs data showed on…

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17

Mar

Ukraine crisis could cut 1% off global growth this year – OECD

PARIS, March 17 (Reuters) - The Ukraine crisis could knock more than a percentage point off global growth this year and add two and a half percentage points to inflation, the OECD…

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17

Mar

UK seeks urgent talks with P&O Ferries amid liquidation rumors

LONDON, March 17 (Reuters) - Britain's transport minister Grant Shapps said on Thursday his officials would have urgent talks with UK-based P&O Ferries later today after the company's sudden suspension of its…

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17

Mar

Be ready to lose all your money in crypto, EU regulators warn

LONDON, March 17 (Reuters) - Consumers risk losing all their money invested in cryptoassets and could fall prey to scams, the European Union's securities, banking and insurance watchdogs said in a joint…

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17

Mar

Netflix tests sharing accounts outside household

Netflix Inc is testing features including one that will allow accounts to be shared outside members’ household at an extra cost, the streaming pioneer said. The company is testing the…

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17

Mar

Oil rises after IEA supply shortfall warning

March 17 - Oil prices climbed on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels per day (bpd) of Russian crude and refined products from April.…

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16

Mar

EXPLAINER – Can Russia pay its creditors, and what happens if not?

Russia is due to pay $117 million in interest on two dollar-denominated sovereign bonds on Wednesday - the first such payments since its invasion of Ukraine which sparked a raft…

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16

Mar

Wheat, corn ease on Ukraine ceasefire talks; soybeans climb

MUMBAI, March 16 (Reuters) - U.S. wheat and corn futures eased on Wednesday, as Ukrainian officials gave upbeat assessments of their peace talks with Russia, lifting the likelihood of the Black Sea…

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16

Mar

Oil prices climb as Russia-Ukraine ceasefire talks stoke volatility

BEIJING, March 16 (Reuters) - Oil prices rose over $1 on Wednesday, bouncing back after earlier declines, as Russia's invasion of Ukraine continues to stoke volatile trading with ceasefire talks the latest…

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15

Mar

EU Finance Ministers seek common ground on energy strategy

European Union finance ministers on Tuesday (March 15) met to define a common EU strategy in a context of spiking energy prices due to Russia's invasion of Ukraine. Global energy market…

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15

Mar

EU regulators raid auto companies in several EU countries 

EU antitrust regulators on Tuesday raided several companies and associations in the automotive industry in several EU countries, saying that they may have breached the bloc's cartel rules. The European…

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15

Mar

Oil price drops to two-week low as ceasefire talks continue

Oil prices extended losses on Tuesday, sliding to a two-week low as ceasefire talks between Russia and Ukraine eased fears of further supply disruptions and surging COVID-19 cases in China fuelled…

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15

Mar

MEA Presents Blueprint for Business and Green Growth to the President of Malta

Over the past months, the Malta Employers' Association (MEA) stepped up its efforts to offer leadership, guidance and support to the business community on Environmental, Social and Governance (ESG) issues…

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15

Mar

Investors turn to crypto funds, companies as Russia-Ukraine crisis escalates

Global investors are scooping up stakes in cryptocurrency funds and companies, as they seek exposure to a sector many believe could withstand the fallout from the Russia-Ukraine conflict. Research firm…

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15

Mar

EP agrees new rules of supervision of cryptocurrencies

MEPs agreed on draft rules on supervision, consumer protection and environmental sustainability of crypto-assets, including cryptocurrencies such as bitcoins. Tthe Economic and Monetary Affairs Committee adopted, with 31 votes to…

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14

Mar

FTSE deletes Abramovich’s Evraz from indexes amid trading crunch

LONDON, March 14 (Reuters) - Index provider FTSE Russell said on Monday it would delete four UK-listed, Russia-focused companies including Roman Abramovich's Evraz EVRE.L after many brokers refused to trade their shares. Evraz along with Polymetal International POLYP.L, Petropavlovsk POG.Land Raven Property…

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14

Mar

OCVO and MEA seek to strengthen the relationship between Voluntary Sectors and the Work Environment

The Office of the Commissioner for Voluntary Organisations (OCVO) and the Employers’ Association (MEA) have signed a Memorandum of Understanding aimed at strengthening the relationship and mutual appreciation between the…

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14

Mar

Oil prices extend losses

BEIJING, March 14 (Reuters) - Oil prices shed as much as $4 a barrel on Monday, extending last week's decline as diplomatic efforts to end the war in Ukraine were stepped up…

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14

Mar

Gold prices register drop

March 14 (Reuters) - Gold prices fell on Monday as U.S. rate-hike expectations lifted Treasury yields to their highest in a month, while hopes of progress in Russia-Ukraine peace talks…

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12

Mar

Nutella maker Ferrero suspends non-essential activities in Russia

MILAN, (Reuters) - Italian food group Ferrero has decided to suspend non-essential activities and development plans in Russia in the wake of the Ukraine crisis, the Nutella maker said. "We will reassess…

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12

Mar

Crypto industry on defensive as Ukraine crisis spotlights Russia sanctions compliance

Cryptocurrency evangelists are on the defensive amid warnings from U.S. and European lawmakers that digital asset companies are not up to the task of complying with Western sanctions imposed on…

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11

Mar

Traditional Regatta Is The Latest Challenge To Undermine Recovery In The Local Cruise Industry – MMF

The Malta Maritime Forum said that the organisation of the traditional regatta on 31 March is the latest challenge that will continue to undermine the recovery of the cruise industry.…

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11

Mar

Dollar hits 5-year peak on yen, euro hounded by growth risks

HONG KONG, March 11 (Reuters) - The dollar hit a new five-year top on the yen on Friday after a strong U.S. inflation report, while the euro struggled to hold its own…

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11

Mar

Oil steadies amid supply doubts, but heads for sharp weekly decline

NEW DELHI, March 11 (Reuters) - Oil prices stabilised on Friday and were on track for their biggest weekly drops since November after see-sawing on fears of escalating bans on Russian oil versus efforts…

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10

Mar

Marriott pauses opening new hotels, investment in Russia

March 10 (Reuters) - Hotel chain Marriott International Inc  said on Thursday it has decided to pause the opening of upcoming hotels and all future hotel development and investment in Russia, following…

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10

Mar

As fuel prices rise to record highs, governments look for solutions

LONDON, March 10 (Reuters) - Retail gasoline and diesel prices soared to record highs in many countries across the world this week, prompting governments from Brazil to France to consider pumping up…

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10

Mar

Hugo Boss forecasts strong 2022 despite business halt in Russia

BERLIN, March 10 (Reuters) - German fashion house Hugo Boss BOSSn.DE said it expects to record a healthy increase in sales and profits in 2022 despite a temporary halt to its business in Russia…

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10

Mar

VW chief warns economic damage from war risks being worse than pandemic- FT

March 10 (Reuters) - Volkswagen AG's  chief executive officer has warned that a prolonged war in Ukraine risks being "very much worse" for the European regions economy than the coronavirus pandemic, the…

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10

Mar

TUI tells TUI Russia to stop using its brand name after Ukraine invasion

March 10 (Reuters) - Holiday group TUI ,  said on Thursday it was terminating an agreement that allowed TUI Russia, which was no longer part of the group, to use its brand in…

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10

Mar

Developments in Ukraine accelerate need for Social Climate Fund – MEP David Casa

CDE News - Strasbourg The aggressive invasion of Ukraine by the Russian Federation and the consequent European need to cut off its dependency on Russian gas has accelerated the need…

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10

Mar

UPDATED: Rio first big miner to cut Russia ties; Sony, Nintendo halt console sales

March 10 (Reuters) - Rio Tinto became the first major mining company to cut ties with Russian businesses and Japan's Sony and Nintendo suspended deliveries of their gaming consoles, joining a global…

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10

Mar

Delta, Air France-KLM eye majority stake in ITA airways

Delta Airlines , Air France-KLM , with the backing of an international fund, have expressed interest for a majority stake in Alitalia's successor ITA Airways, daily La Repubblica reported on Thursday, citing a government…

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10

Mar

Gold drops as risk appetite rebounds on oil price decline

March 10 (Reuters) - Gold prices fell on Thursday as traders moved away from safe-haven bets after global shares rallied following a retreat in oil prices. Spot gold were down…

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10

Mar

Oil rises as market weighs OPEC filling Russia supply gap

MELBOURNE, March 10 (Reuters) - Oil prices rose on Thursday following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the…

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09

Mar

IZI Finance plc Appoints Board Of Directors

IZI FINANCE PLC, the finance company of IZI Group p.l.c and its subsidiaries, today announced the appointment of its Board of Directors. The Board will be chaired by Dr. Christian…

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08

Mar

Ferrari suspends production of vehicles for Russian market

Luxury carmaker Ferrari said on Tuesday it would suspend exports to Russia due to Moscow's invasion of Ukraine. "Given the ongoing situation Ferrari has taken the decision to suspend the…

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08

Mar

McDonald’s to close restaurants in Russia

March 8 (Reuters) - McDonald's Corp MCD.N said on Tuesday it would temporarily close its restaurants in Russia, becoming the latest Western company to pause all operations in the country following its invasion of…

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08

Mar

Oil surges as U.S. and Britain cut off Russian crude

BENGALURU, March 8 (Reuters) - Oil prices surged on Tuesday as the United States and Britain moved to ban Russian oil imports, a decision that is expected to worsen disruptions in the…

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08

Mar

Commission publishes plan to cut EU dependency on Russian gas

The European Commission published plans on Tuesday to cut EU dependency on Russian gas by two-thirds this year and end its reliance on Russian supplies of the fuel "well before 2030". Oil and gas…

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08

Mar

U.S., European allies discuss banning imports of Russian oil

WASHINGTON, March 7 (Reuters) - The United States and European allies are exploring banning imports of Russian oil, U.S. Secretary of State Antony Blinken said on Sunday, and the White House coordinated…

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07

Mar

Oil price set to surge further on Iranian talks delays

LONDON, March 6 (Reuters) - Oil prices are set to surge further this week due to delays to the conclusion of Iranian nuclear talks and the potential return of Iranian crude to…

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07

Mar

Food prices hit record high in Feb, U.N. agency says

World food prices hit a record high in February, led by a surge in vegetable oils and dairy products, to post a 20.7% increase year-on-year, the U.N. food agency said…

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07

Mar

TikTok suspends livestreaming, new uploads in Russia

March 6 (Reuters) - TikTok, the Chinese-owned video app, said on Sunday it would suspend live-streaming and the uploading of videos to its platform in Russia as it reviews the implications of…

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07

Mar

Netflix suspends service in Russia

March 6 (Reuters) - Netflix Inc has suspended its service in Russia, a company spokesperson said on Sunday. Earlier this week, Netflix temporarily stopped all future projects and acquisitions in Russia as it…

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06

Mar

Accounting firms KPMG and PwC to exit Russia

March 6 (Reuters) - Two of the Big Four accounting firms KPMG and PricewaterhouseCoopers LLP (PwC) on Sunday said they will no longer have a member firm in Russia due to the…

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