Category Archives:
Texas heatwave to keep testing power grid this week
(Reuters) - This week's heatwave will keep testing the Texas power system with record monthly demand expected on Tuesday after less hot weather on Monday kept usage below a new high. On Friday, power ...
May 17, 2022
Allianz to pay $6 billion over Structured Alpha fraud, fund manager charged
NEW YORK (Reuters) -Germany's Allianz SE has agreed to pay about $6 billion and a U.S. asset management unit will plead guilty to fraud after a group of its multibillion dollar investment funds collap...
May 17, 2022
Sberbank CFO among latest senior resignations at sanctioned Russian lender
(Reuters) - Three board members of Russia's Sberbank have left their posts, the bank said on Tuesday, the latest in a flurry of senior departures from the state-owned lender since Moscow sent tens of ...
May 17, 2022
U.S. retail sales increase strongly in April
WASHINGTON (Reuters) - U.S. retail sales increased solidly in April as consumers bought motor vehicles amid an improvement in supply and frequented restaurants, showing no signs of demand letting up d...
May 17, 2022
United Airlines expects Boeing 777s to return to service next week
CHICAGO (Reuters) - United Airlines said on Tuesday its Boeing 777 planes equipped with Pratt & Whitney (PW) engines are expected to return to service next week. Andrew Nocella, United's chief commerc...
May 17, 2022
“Death was coming” – Bataclan band recalls Paris attack
By Tangi Salan PARIS (Reuters) - The U.S. rock band Eagles of Death Metal were midway through their set when Islamist militants sprayed the Bataclan concert hall in Paris with gunfire, cutting down re...
May 17, 2022
Imperial sees duty-free cigarette sales recovery as air travel returns
By Richa Naidu LONDON (Reuters) - Imperial Brands said on Tuesday it was starting to see some recovery of sales of cigarettes in duty-free shops at airports and in popular European holiday destination...
May 17, 2022
Citi, UK’s BII agree $100 million risk-sharing lending deal for Africa
LONDON (Reuters) -British International Investment (BII) and U.S. bank Citigroup Inc have signed a $100 million risk-sharing facility aimed at boosting lending to small businesses across Africa by up ...
May 17, 2022
U.S. to suggest tariffs on Russian oil as alternative to embargoes -officials
BRUSSELS (Reuters) -U.S. Treasury officials said on Tuesday they plan to propose at this week's G7 finance meeting that European countries impose tariffs on Russian oil, as a faster alternative to an ...
May 17, 2022
ECB’s Centeno says policy normalisation must happen in sustainable way
LISBON (Reuters) -The normalisation of the European Central Bank's monetary policy after a long period of ultra-low interest rates is needed and must happen in a sustainable way, increasing the ECB's ...
May 17, 2022
Peoria, IL, USA
42 °F Overcast
