By Anna Ringstrom STOCKHOLM (Reuters) – IKEA said on Wednesday it would sell factories, close offices and reduce its 15,000-strong workforce in Russia, the latest move by the world’s biggest furniture brand to cut its operations there following Moscow’…
Biden announces new $1 billion in weapons for Ukraine, Kyiv seeks more heavy arms
By Mike Stone, Patricia Zengerle and Humeyra Pamuk WASHINGTON (Reuters) -President Joe Biden on Wednesday announced a fresh U.S. infusion of $1 billion in weapons for Ukraine that includes anti-ship rocket systems, artillery rockets, howitzers and ammu…
Two men jailed in UK over Brazil teak investment fraud
LONDON (Reuters) – Two company directors, who lured about 2,000 investors into a 37 million pound ($44.6 million) fraudulent green investment scheme in Brazil, on Wednesday were each sentenced to 11 years in jail by a London court. Andrew Skeene, 44, a…
Valneva reaches settlement with Britain on COVID-19 vaccine deal termination
PARIS (Reuters) -French drugmaker Valneva said on Wednesday it reached a settlement agreement with the British government linked to the termination of the supply agreement for its COVID-19 vaccine candidate VLA2001. Valneva said in September that it ha…
Energy executives urge near-term transition solutions amid supply crunch
By Stephanie Kelly and Scott DiSavino NEW YORK (Reuters) -Energy executives at a Reuters conference on Wednesday urged shorter-term solutions such as efficiency and conservation during the current fuel supply crunch, saying companies must scramble to m…
EU drugs watchdog in rolling review of Pfizer-BioNTech’s variant vaccine
FRANKFURT (Reuters) – The European Medicines Agency on Wednesday launched a rolling review of a variant-adapted COVID-19 vaccine developed by Pfizer and BioNTech, as cases of new sub-variants of the coronavirus’s Omicron lineage rise. When available, c…
Rocker Ozzy Osbourne ‘on road to recovery’ after surgery
LONDON (Reuters) – British rocker Ozzy Osbourne is “doing well and on the road to recovery” after undergoing surgery earlier this week, his wife said. Sharon Osbourne in a message on Instagram thanked fans for their support, after saying last week that…
France’s Macron says Moldova’s bid to join EU “perfectly legitimate”
CHISINAU (Reuters) -French President Emmanuel Macron said on Wednesday that Moldova’s bid to join the European Union was “perfectly legitimate”, speaking at a joint news conference with Moldova President Maia Sandu. Moldova, located between Ukraine and…
ECB pledges new crisis tool to help indebted southern states
By Balazs Koranyi and Francesco Canepa FRANKFURT/MILAN (Reuters) -The European Central Bank promised fresh support on Wednesday to temper a market rout that has fanned fears of a new debt crisis on the euro area’s southern rim but appears to have disap…
Britain’s Sainsbury’s adds top sellers to price match scheme
By James Davey LONDON (Reuters) – British supermarket group Sainsbury’s, seeking an edge amid a worsening cost of living crisis, will for the first time include its biggest selling lines in a scheme that matches the prices of German-owned discounter Al…