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Sri Lanka hikes power prices by 66% hoping to gain IMF support
COLOMBO (Reuters) - Sri Lanka increased electricity prices by 66% on Thursday, in a move that the government hoped would persuade the International Monetary Fund to provide urgent support for its cris...
Syndicated Content Feb 16, 2023
Commerzbank Q4 net profit up 12%, better than expected
FRANKFURT (Reuters) - Germany's Commerzbank said on Thursday that net profit rose a better-than-expected 12% in the fourth quarter, helped by higher interest rates and capping a second consecutive yea...
Syndicated Content Feb 16, 2023
Renault offers dividend on ‘thoroughly cleaned fundamentals’ despite 2022 loss on Russia exit
By Gilles Guillaume BOULOGNE-BILLANCOURT, France (Reuters) -French carmaker Renault offered a dividend for the first time in four years and saw a strong increase in its operating margin despite swingi...
Syndicated Content Feb 16, 2023
Russian government approves sale of IKEA factories – deputy minister
MOSCOW (Reuters) - A Russian government commission has approved the sale of Swedish furniture maker IKEA's three factories in Russia to two local buyers, paving the way for a deal to be struck, a gove...
Syndicated Content Feb 16, 2023
Sticky inflation prompts EBRD to trim 2023 growth outlook for its region
By Jorgelina do Rosario LONDON (Reuters) - High gas prices and persistent inflation eroding real wages will limit growth in emerging Europe, central Asia and north Africa, the European Bank for Recons...
Syndicated Content Feb 16, 2023
In EU car data tussle, insurers and others brace for delays, disappointment
By Nick Carey LONDON (Reuters) - A broad coalition of insurers, leasing companies, car repair shops and others are calling on the European Commission to propose rules for fair access to valuable vehic...
Syndicated Content Feb 16, 2023
Turkey earthquake could result in loss of up to 1% of country’s GDP in 2023
By Jorgelina do Rosario LONDON (Reuters) - The potential economic effects of the earthquake in Turkey could result in a loss of up to 1% of the country's gross domestic product this year, the European...
Syndicated Content Feb 16, 2023
Truckers and subsidies rev up interest in fuel cell vehicles
By Nick Carey and Christina Amann LONDON/BERLIN (Reuters) - Interest in using hydrogen fuel cells to power trucks and vans is getting a boost from fleet operators looking for a more practical alternat...
Syndicated Content Feb 16, 2023
Airbus targets 720 deliveries in 2023
By Tim Hepher PARIS (Reuters) -Airbus slowed the production ramp-up of its best-selling A320neo-family jet and targeted 2023 jet deliveries in line with its original estimate for last year as the worl...
Syndicated Content Feb 15, 2023
Senator says U.S. should consider mandating transponders on high-altitude balloons
By David Shepardson WASHINGTON (Reuters) - Senator Mark Kelly says Congress should consider mandating transponders on high-altitude weather and research balloons to help the U.S. military differentiat...
Syndicated Content Feb 15, 2023
Peoria, IL, USA
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