Japan's service sector activity contracts at fastest pace in 21 months - PMI

TOKYO (Reuters) -Japan's services sector activity shrank in February at the quickest pace in nearly two years, a survey showed on Thursday, as business took a hit from struggling consumer sentiment after a record spike in infections of the Omicron coronavirus variant.

newspaper

03-03-2022

Amazon plans to file criminal case against India's Future over store transfers -sources

NEW DELHI (Reuters) -Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition, three sources with direct knowledge of the matter told Reuters.

newspaper

02-03-2022

PayPal stops accepting new users in Russia

Online payments company PayPal Holdings Inc stopped accepting new users in Russia on Wednesday given current circumstances, a company spokesperson told Reuters.

newspaper

02-03-2022

Royal Caribbean joins rivals in canceling 2022 sailings to Russia

Cruise operators Royal Caribbean Group and Viking Cruises canceled sailings to Russia on Wednesday, joining their rivals and many Western brands in suspending operations in the country after its invasion of Ukraine.

newspaper

02-03-2022

German carmakers warn fallout from Ukraine invasion on production to get worse

FRANKFURT (Reuters) -German carmakers association VDA said that the fallout from Russia's invasion of Ukraine was disrupting transport routes as well as financial transactions and that it was bracing for shortages in a range of raw materials.

newspaper

02-03-2022

Sweden's H&M temporarily suspends sales in Russia

STOCKHOLM (Reuters) -Swedish fashion group H&M is temporarily pausing all sales in Russia, it said on Wednesday, joining a growing list of companies shunning the country since it invaded Ukraine.

newspaper

02-03-2022

Canada's low-cost carrier WestJet to buy rival Sunwing Airlines

Canadian airline WestJet Group, owned by private equity firm Onex Corp, said on Wednesday it would buy leisure rival Sunwing Airlines for an undisclosed amount as it looks to tap into a rebound in air travel.

newspaper

02-03-2022

Exclusive-Ukraine to seek action against Russia from about 50 gaming, cloud and other tech firms

(Reuters) -Ukraine plans to urge about 50 additional tech companies, including in gaming, esports and internet infrastructure, to take action against Russia, following a slew of earlier requests, a top Ukrainian government tech official told Reuters on Wednesday.

newspaper

02-03-2022

Explainer-Third time lucky? Why Banco BPM appeals to UniCredit CEO

Italy's third-largest bank Banco BPM has occupied a special place on the wish list of Andrea Orcel since the veteran dealmaker took the reins at UniCredit last April, several sources have said.

newspaper

02-03-2022