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Google’s Russian subsidiary to file for bankruptcy after bank account seized

May 18 (Reuters) – Google’s Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to pay staff and vendors, but free services including search and YouTube will keep operating, a Google spokesperson said on Wednesday. The Alphabet Inc (GOOGL.O) unit has been under pressure in Russia for months …

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EXCLUSIVE China in talks with automakers on EV subsidy extension -sources

SHANGHAI, May 18 (Reuters) – China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as the broader economy slows, three people familiar with the matter said. The move by policymakers comes as the world’s second-biggest economy …

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Russians line up for final Big Mac ahead of McDonald’s exit

A view shows a closed McDonald’s restaurant in Moscow, Russia May 16, 2022. REUTERS / Evgenia Novozhenina Register now for FREE unlimited access to Reuters.com Register May 17 (Reuters) – Russians lined up in a Moscow train station on Tuesday for what may be their last Big Mac from one of the few McDonald’s (MCD.N) …

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Iraq balks at greater Chinese control of its oilfields

Iraq persuaded Lukoil to halt sale to Sinopec – sources Baghdad concerned China becoming too dominant – sources Western firms not happy with terms of Iraqi deals LONDON / BASRA, May 17 (Reuters) – Iraq’s oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oilfields and …

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Surging natural gas prices squeeze US industrial sector

An LNG tanker is guided by tug boats at the Cheniere Sabine Pass LNG export unit in Cameron Parish, Louisiana, US, April 14, 2022. REUTERS / Marcy de Luna Register now for FREE unlimited access to Reuters.com Register HOUSTON / CHICAGO, May 16 (Reuters) – Skyrocketing natural gas prices have raised manufacturing and transportation costs …

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Analysis: European dealmakers face shrinking debt options as recession risk looms

M&A financing seen as costlier and harder to access Investors flee junk bond market amid monetary tightening Riskier debt sales down 77% so far this year Morrisons underwriters take a hit – source Private lenders step in with uptick in hybrid financing LONDON, May 16 (Reuters) – European dealmakers are struggling to finance corporate takeovers …

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Crypto world stabilizes, bitcoin rallies after stablecoin slide

Bitcoin hits intra-day high above $ 30,000 TerraUSD collapse shakes crypto market Analysts say impact on traditional markets limited HONG KONG / LONDON / NEW YORK, May 13 (Reuters) – Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called …

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US travel firms flex marketing muscle to lure travelers seeking sun and sand

May 13 (Reuters) – US travel booking firms are spending heavily on marketing to get more people to book flights and accommodation on their apps and websites as they look to make the most of a post-pandemic boom in tourism during the upcoming summer season. After becoming one of the biggest victims of the health …

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EXCLUSIVE Germany prepares crisis plan for abrupt end to Russian gas – sources

BERLIN, May 9 (Reuters) – German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters. The preparations being led by the Ministry for Economic Affairs show the heightened state of alert about …

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