Imperial sees duty-free cigarette sales recovery as air travel returns

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 destinations as COVID-19 restrictions ease and people begin to travel more.

newspaper

17-05-2022

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 to four times that amount, BII said in a statement.

newspaper

17-05-2022

Volkswagen's Skoda hopes for eastern European gigafactory decision by 2023

Czech carmaker Skoda, owned by Germany's Volkswagen, is confident that its parent will take a decision on its fourth large battery factory in Europe by 2023 at the latest, a management board member said.

newspaper

17-05-2022

BNP Paribas shareholder meeting disrupted by green activists

Environmental activists briefly disrupted BNP Paribas' annual shareholder meeting in Paris on Tuesday, accusing France's largest listed bank of being Europe's main financing partner for the fossil energies sector.

newspaper

17-05-2022

Lessor AerCap books $2.7 billion charge on stranded Russian jets

(Reuters) -AerCap Holdings NV said on Tuesday it booked a pretax charge of $2.7 billion in the first quarter as more than 100 jets of the world's top aircraft lessor remain stranded in Russia.

newspaper

17-05-2022

Italian luxury group Zegna sees sales above 2 billion euros in mid-term

Italy's Zegna is aiming for revenue above 2 billion euros ($2.1 billion) in the medium term, up from the 1.29 billion euros posted last year, the fashion group said on Tuesday at its first Capital Markets Day since its debut on Wall Street in late 2021.

newspaper

17-05-2022

JD.com beats revenue estimates as lockdowns boost e-commerce demand

(Reuters) -Chinese e-commerce group JD.com Inc beat Wall Street estimates for quarterly revenue on Tuesday, as more people shopped on its platform following lockdowns in mainland China to fight a fresh COVID-19 outbreak.

newspaper

17-05-2022

Analysis-U.S. coal companies struggle to cash in on Europe crunch

U.S. coal producers are seeking to boost exports to cash in on soaring prices since Russia's invasion of Ukraine but face big headwinds including shipping bottlenecks, labor shortages, and a dismal long-term outlook discouraging investments in new mines.

newspaper

17-05-2022

JD.com beats quarterly revenue estimates on increased e-commerce demand

(Reuters) -JD.com Inc, beat Wall Street estimates for quarterly revenue on Tuesday, as more people shopped on its e-commerce platform following lockdowns in Mainland China to fight a fresh COVID-19 outbreak.

newspaper

17-05-2022