Category Archives:
In Zimbabwe, coal power project seeks other backing after China’s U-turn
By Nelson Banya and Helen Reid (Reuters) - A Zimbabwean company that had been banking on Chinese financing to build a major coal-fired power plant says it is now looking for alternative backers as Chi...
Mar 30, 2022
Apollo drops takeover offer for education group Pearson
By Kate Holton (Reuters) -Education group Pearson said on Wednesday it had rejected a third takeover offer from Apollo, valuing it at 6.7 billion pounds ($8.8 billion), prompting the U.S. investment c...
Mar 30, 2022
Ex-U.S. Marine launches hunger strike in Russian jail – parents
LONDON (Reuters) - Former U.S. Marine Trevor Reed has begun a hunger strike in a Russian jail to protest at being put in solitary confinement and not receiving proper medical care despite fears he has...
Mar 30, 2022
U.S. SEC set to unveil tighter rules on blank-check companies
By Chris Prentice WASHINGTON (Reuters) - The U.S. securities regulator on Wednesday will unveil a proposal to tighten its rules on special purpose acquisition companies (SPACs) after a frenzy of deals...
Mar 30, 2022
Citi to sell India consumer business to Axis Bank for $1.6 billion
BENGALURU (Reuters) -Citigroup has agreed to sell its consumer banking business in India to Axis Bank for $1.6 billion, the latest step in Chief Executive Officer Jane Fraser's push to simplify the ba...
Mar 30, 2022
Citing war in Ukraine, Austrian central bank cuts growth forecast
VIENNA (Reuters) - Russia's invasion of Ukraine has led Austria's central bank to cut its growth forecast and sharply raise its inflation outlook for this year, it said on Wednesday, adding that the n...
Mar 30, 2022
Air France KLM loses fight against EU cartel fine
BRUSSELS (Reuters) - Air France-KLM and its Dutch subsidiary KLM on Wednesday lost their challenge against million-euro fines re-imposed by EU antitrust regulators five years ago for taking part in an...
Mar 30, 2022
Collins: Severe storms possible Wednesday
PEORIA, Ill. — There’s a threat of severe weather late Wednesday morning in the Peoria metro area. 25 News Chief Meteorologist Chuck Collins said rain and thunderstorms are expected all da...
Mar 30, 2022
IKEA UK to close Tottenham store, 450 jobs impacted
LONDON (Reuters) - Home furnishings retailer IKEA said on Wednesday it planned to close its store in Tottenham, north London, impacting 450 workers. IKEA said it was committed to retaining as many aff...
Mar 30, 2022
German inflation to reach over 7% in March, state data suggest
BERLIN (Reuters) - German inflation is likely running above 7% in March, regional data from five states suggested, surpassing analyst predictions for federal data that is set to be released later on W...
Mar 30, 2022
Peoria, IL, USA
65 °F Clear
