By Tom Wilson and Koh Gui Qing LONDON/NEW YORK (Reuters) – The U.S. and European equities rally paused on Wednesday as investors took stock of economic and geopolitical risks, while oil prices jumped back around $4 on the prospect of more Russian sanct…
Lessor Aercap lodges $3.5 billion claim for seized Russian aircraft
By Conor Humphries and Tim Hepher DUBLIN (Reuters) – The world’s top aircraft lessor Aercap has submitted a $3.5 billion insurance claim for more than 100 jets stuck in Russia following its invasion of Ukraine, setting the stage for a lengthy legal wra…
Britain is not seeking to remove Russia’s Putin – PM Johnson
By Kylie MacLellan and Alistair Smout LONDON (Reuters) -Britain is focused on helping protect Ukrainians from the war and is not aiming to remove Russian President Vladimir Putin, Prime Minister Boris Johnson said on Wednesday. U.S. President Joe Biden…
All Russia’s big exports could soon be in roubles, Kremlin signals
By Guy Faulconbridge LONDON (Reuters) – The Kremlin indicated on Wednesday that all of Russia’s energy and commodity exports could be priced in roubles, toughening President Vladimir Putin’s attempt to make the West feel the pain of the sanctions it im…
EU initiates WTO dispute over UK low carbon energy subsidies
BERLIN (Reuters) – The European Union has initiated a dispute with the United Kingdom due to subsidies London is offering to promote low carbon energy generation projects, the World Trade Organisation said on Wednesday. The WTO said the EU alleges that…
British Airways says it is investigating a technical issue
LONDON (Reuters) – British Airways said it was investigating a technical issue on Wednesday after customers complained online about an IT outage and its departures board for London’s Heathrow showed flights being delayed. “We’re investigating and worki…
Cartier and other Richemont labels leave Responsible Jewellery Council
By Silke Koltrowitz and Mimosa Spencer GENEVA (Reuters) -Cartier and other labels of the Richemont group have stepped down from the Responsible Jewellery Council (RJC) after the industry body failed to cut ties with Russia, executives from the group to…
Britain bids to stop P&O benefiting from mass firing
LONDON (Reuters) -Britain set out a plan on Wednesday to stop P&O Ferries benefiting from its decision to fire workers and replace them with cheaper agency staff, saying ports should refuse access to ferry services that do not pay the minimum wage. Tra…
Swiss Re shareholders urged to oppose chairman’s re-election in gender row -FT
ZURICH (Reuters) – Swiss Re shareholders have been urged to vote against the re-election of Chairman Sergio Ermotti at the reinsurance company’s upcoming annual general meeting, The Financial Times reported on Wednesday. Proxy adviser Institutional Sha…
French energy regulator does not expect gas supply problems
PARIS (Reuters) -France should not have any problems with energy supplies, the head of the country’s CRE regulatory body said on Wednesday, adding that requests for users to be careful were normal. Earlier, Germany declared an “early warning” of a poss…