ZURICH (Reuters) – Swiss engineering and technology group ABB has been fined 4 million Swiss francs ($4.3 million) by the country’s Attorney General in connection with a bribery case in South Africa. The Attorney General’s office on Friday said the penalty was imposed on ABB for “not having taken all necessary and reasonable organisational provisions …
CHISINAU (Reuters) -Moldova’s central bank cut its main interest rate to 20% from 21.5% on Monday, the bank’s governor said. Governor Octavian Armasu announced the rate change at a briefing, where he also said that the Moldovan banking system had gained liquidity to the tune of 3.2 billion Moldovan Lei ($164.52 million). “The (National Bank …
Moldova’s central bank cuts key interest rate to 20% Read More »
By Asif Shahzad ISLAMABAD (Reuters) -Russia will sell crude oil to Pakistan at a discounted price, Pakistan’s state minister for petroleum said on Monday, days after he led a government team to Moscow to negotiate the deal. Russia will also supply discounted petrol and diesel to Pakistan, Musaddiq Malik told a news briefing in Islamabad. …
Russia to sell discounted crude to Pakistan -minister Read More »
BUCHAREST (Reuters) – Romania’s Petrotel Lukoil refinery, owned by Russia’s Lukoil has found alternative fuel supplies and its petrol stations will not be affected by a ban on Russian imports, Energy Minister Virgil Popescu said on Monday. A European Union embargo from Dec. 5 is banning European buyers from purchasing and transporting Russian oil. “At …
Lukoil’s Romanian refinery has alternative crude supplies-Energy Min Read More »
(Reuters) – British new car registrations jumped nearly 24% in November from a year earlier to record their fourth straight month of gains, driven by sales of large fleets and a pick-up in demand from private buyers, an industry body said on Monday. The Society of Motor Manufacturers and Traders (SMMT) said registrations in November …
UK new car sales rise in November, fail to zoom past 2019 levels- SMMT Read More »
By Amanda Cooper LONDON (Reuters) – The pound slid on Monday, as an initial jolt of investor enthusiasm over signs of possible loosening in COVID restrictions in China faded, and sterling still held within sight of five-month highs against the dollar. The dollar started out the day on the backfoot, after China prepared to unveil …
Sterling slips as boost from new China COVID rules fades Read More »
MILAN (Reuters) – Italian luxury goods group Salvatore Ferragamo said on Monday it will offer part of its employees 1,000 euros ($1,055) each in shopping vouchers to help them cope with inflation. “The welfare initiative is aimed at about 760 employees in the income brackets most exposed to the general price increase,” Ferragamo said in …
Ferragamo offers 760 employees shopping vouchers to cope with inflation Read More »
By Jan Strupczewski BRUSSELS (Reuters) – The Group of Seven price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow’s ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production. The price …
G7 price cap on Russian oil kicks in, Russia will only sell at market price Read More »
(Reuters) – Amazon.com Inc and Apple Inc are planning to resume advertising on Twitter, according to media reports on Saturday. The developments follow an email sent by Twitter on Thursday to advertising agencies offering advertisers incentives to increase their spending on the platform, an effort to jump-start its business after Elon Musk’s takeover prompted many …
Apple and Amazon resume advertising on Twitter – reports Read More »
LONDON (Reuters) -Sainsbury’s, Britain’s second largest supermarket group, has set aside a further 50 million pounds ($61 million) to keep a lid on prices, taking a hit to its margin as it absorbs some of the pain of a worsening cost-of-living crisis. Both Sainsbury’s and market leader Tesco have warned of a drop in profit …
Britain’s Sainsbury’s softens price rises with 50 million stg investment Read More »
