Oil slips on fears recession may hit demand

, LONDON (Reuters) -Oil prices fell on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.

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12-05-2022

Exclusive-Ukraine will not reopen gas route until it controls transit system

Ukraine will not reopen the suspended Sokhranovka gas transit route from Russia to European customers until Kyiv obtains control over its gas transit system, the head of the system's operator GTSOU told Reuters on Thursday.

newspaper

12-05-2022

Telefonica quarterly profit tops forecast on price rises, cost cuts

MADRID (Reuters) -Spanish telecom company Telefonica posted a smaller-than-expected fall in first-quarter net profit on Thursday helped by inflation-matching price rises, operating efficiencies and its cloud and cybersecurity business.

newspaper

12-05-2022

Campari plans new bars to help whet aperitif appetites

Campari plans to open several flagship bars for its best-selling spirits in Europe and beyond to help tap into a taste for the Italian aperitif culture, its chief executive said.

newspaper

12-05-2022

Canada banks face 'greenwashing' claims as oil & gas firms obtain sustainable financing

For banks in Canada, one of the world's largest oil producers, it's not easy being green.

newspaper

12-05-2022

Scoot CEO Wilson appointed head of Air India

(Reuters) -Air India's new owner Tata Sons said on Thursday it would appoint Campbell Wilson, the head of Singapore Airlines' budget carrier Scoot, as its chief executive, subject to regulatory approvals.

newspaper

12-05-2022

Philippines economy in solid shape in Q1, boosts rate hike views

Newly-elected Philippine President Ferdinand Marcos Jr. will inherit an economy that has strongly bounced back from the COVID-19 pandemic when he takes office in June, but soaring food and fuel costs will need to be addressed quickly.

newspaper

12-05-2022

Telefonica beats first-quarter profit forecasts

MADRID (Reuters) -Spain's Telefonica posted a smaller-than-expected fall in first-quarter net profit on Thursday helped by inflation-matching price rises in most markets, operating efficiencies and strength in its cloud and cybersecurity business.

newspaper

12-05-2022

Gold prices dip as dollar rally dims appeal

Gold prices inched lower on Thursday as the dollar scaled a fresh two-decade peak after April U.S. inflation data bolstered expectations that the Federal Reserve would stick to its aggressive rate-hike roadmap.

newspaper

12-05-2022