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Customers are seen at a McDonald's fast food restaurant in Tokyo, Japan, September 26, 2017. U.S. food and paper costs rose 4% in 2021 - a level the company expects to roughly double in 2022, it said. Sales in China contracted after some cities banned dining in restaurants to control fresh pandemic outbreaks ahead of the February Winter Olympics. In Australia, sales growth remained muted compared to a year earlier. Global same-store sales jumped 12.3%, compared with Wall Street estimates of a 10.73% rise.
Persons: Kim Kyung, Chris Kempczinski, McDonald's, Hilary Russ, Arun Koyyur, Nick Zieminski, Howard Goller Organizations: REUTERS, McDonald's, Thomson Locations: Tokyo, Japan, Australia, China, United States, U.S, Chicago, Italy, Germany, France, United Kingdom, New York, Bengaluru
The Robert Koch Institute for infectious diseases reported 203,136 positive tests in the last 24 hours, 69,600 cases more than the same day a week ago. Register now for FREE unlimited access to Reuters.com RegisterThe rising number of infections has led to staffing shortages in sectors including logistics, healthcare and child care. on Thursday, adding that up to 15% of cargo at Frankfurt was affected by delays. The German Hospitals Federation had warned earlier this week that three-quarters of hospitals were reporting higher than usual numbers of staff out on sick leave. German lawmakers debated on Wednesday whether to impose compulsory COVID-19 shots, while protesters gathered outside the parliament building.
Persons: Jan, Robert Koch, Olaf Scholz, Emma Thomasson, Ilona Wissenbach, Maria Sheahan, Miranda Murray, Kim Coghill, Mark Heinrich Our Organizations: Lufthansa Cargo, DHL, German Hospitals Federation, liberal Free Democrats, Thomson Locations: Germany, Frankfurt, United States, Canada, Europe, Leipzig, France, Italy, Spain
Roman Haller owes his life to a 20-year-old housekeeper. It was there, sometime in the second week of May 1944, that Roman Haller was born. “He stayed with us because of troubles with his family,” Roman Haller said. The baby whose life Opdyke made possible was by then about 40 years old. In media interviews later in life, Opdyke said she got the most joy out of telling her story to children.
Persons: Roman Haller, Irena Gut, Haller, Gut, Ida, Lazar ., ” Haller, Yad Vashem, , Greg Schneider, there’s, you’ve, ” Schneider, , Eduard Rugemer, ” Gut, Rugemer, , ” “, ” Weeks, William Opdyke, Irene Gut Opdyke, Irene, Jeannie, Jeannie Opdyke Smith, , ” Roman Haller, Hendrik Schmidt, ” Irene, Roman Haller Haller, Opdyke Organizations: Nazi, , Conference, Yad, Holocaust, Gestapo, Soviets, United Nations Locations: Poland, Munich, Polish, Germans, Ternopil, Ukraine, Rugemer, Russia, Soviet, West Germany, U.S, New York, California, Germany, Nuremberg
LONDON — European stocks are expected to plunge at the open on Thursday as global markets react badly to the latest monetary policy decision from the U.S. Federal Reserve. Global markets are reacting badly to the Federal Reserve's indication on Wednesday that it could soon raise interest rates for the first time in more than three years. The Fed's policymaking group said a quarter-percentage point increase to its benchmark short-term borrowing rate is likely forthcoming. U.S. stock futures fell Wednesday night; futures tied to the Dow erased earlier gains and declined 398 points, or 1.17%. Asia-Pacific markets fell across the board on Thursday overnight.
Persons: Germany's DAX, Dow, Jeff Cox, Tanaya Macheel, Abigail Ng Organizations: U.S . Federal Reserve, CAC, IG, Global, Federal, Market, Nasdaq, Nikkei, Hang Seng, Deutsche Bank, SAP, Banco Sabadell, Diageo, STMicroelectronics, Renault, Nissan, Mitsubishi, CNBC, CNBC Pro Locations: U.S, Asia, Pacific, South Korea, Hong Kong, Europe, LVMH, easyJet
Russia has demanded NATO pull back troops and weapons from eastern Europe and bar its neighbour Ukraine, a former Soviet state, from ever joining. DIALOGUEIn Paris, diplomats from Russia, Ukraine, France and Germany held more than eight hours of talks on ending a separatist conflict in eastern Ukraine, part of the wider crisis between Moscow and Kyiv that risks becoming a full-scale war. 1/3 U.S. Secretary of State Antony Blinken speaks about Russia and Ukraine during a briefing at the State Department in Washington, U.S., January 26, 2022. A day after the U.S. delivered Javelin anti-tank missiles, launchers and other hardware to Ukraine, Germany came under criticism for saying it would supply Kyiv with 5,000 military helmets while stopping short of providing weapons. U.S. officials say they are in talks with major energy-producing countries and companies worldwide over a potential diversion of supplies to Europe if Russia invades Ukraine.
Persons: Blinken, Jan, Antony Blinken, Wang Yi, Ned Price, Vladimir Putin, Alexander Grushko, Joe Biden, Putin, Dmitry Peskov, Brendan Smialowski, Peskov, Dmytro Kuleba, Vitali Klitschko, Jen Psaki, Psaki, John Irish, Rami Ayyub, Mark Trevelyan, Gareth Jones, Grant McCool, Michael Perry Organizations: Kremlin, United, Foreign, State Department, NATO, Washington, U.S, Putin, REUTERS Read, Wednesday, . State Department, White, United States, Reuters, Thomson Locations: Kremlin Russia, Ukraine, Paris WASHINGTON, MOSCOW, United States, Europe, Moscow, U.S, Russia, Soviet, Washington, Britain, Paris, France, Germany, Kyiv, Normandy, Berlin, Washington , U.S, Belarus
Deutsche Bank nearly triples Q4 profit, defying expected loss
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +1 min
A logo of a branch of Germany's Deutsche Bank is seen in Cologne, Germany, July 18, 2016. REUTERS/Wolfgang RattayFRANKFURT, Jan 27 (Reuters) - Deutsche Bank (DBKGn.DE) nearly tripled its fourth-quarter profit, defying expectations for a loss, as revenues at the investment bank rose. The net profit attributable to shareholders was 145 million euros ($162.62 million) in the three months ending Dec. 31, figures published on Thursday showed. That compares with a profit of 51 million euros a year earlier, and it is better than analyst expectations for a loss of around 130 million euros. ($1 = 0.8917 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Tom Sims and Frank Siebelt, editing by Kirsti KnolleOur Standards: The Thomson Reuters Trust Principles.
Persons: Wolfgang Rattay FRANKFURT, Jan, Sewing, Tom Sims, Frank Siebelt, Kirsti Organizations: Germany's Deutsche Bank, REUTERS, Deutsche Bank, Deutsche, Thomson Locations: Cologne, Germany
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPutin has been 'rather careful' with Germany in his threats of a gas supply cutoff: Ex-Swedish PMCarl Bildt, co-chair of the European Council on Foreign Relations and former prime minister of Sweden, discusses what the implications might be for Europe if Russia cuts off gas supplies in response to the Ukraine crisis.
Persons: Putin, Carl Bildt Organizations: Germany, European Council, Foreign Relations Locations: Swedish, Sweden, Europe, Russia, Ukraine
The battery maker said it will use the investment for battery technology development and to help establish production capacity in Europe. Solid-state batteries use thin layers of solid electrolytes, which carry lithium ions between electrodes. Other Mercedes-Benz battery partners include Factorial Energy, Automotive Cells Co and Farasis Energy. ProLogium said it aims to accelerate development of a new plant by the end of 2022 to move toward mass production of its solid-state battery. In October, the battery maker raised $326 million in its latest funding round from investors including Primavera Capital Group and SoftBank China Venture Capital.
Persons: Andreas Gebert SHANGHAI, Daimler AG's, ProLogium, Markus Shafer, Zhang Yan, Brenda Goh, Christopher Cushing Organizations: Mercedes, Benz, Benz Museum, REUTERS, ProLogium, Daimler, EV, Tesla Inc, Energy, Automotive Cells Co, Farasis Energy, NIO Inc, Primavera Capital, SoftBank China Venture Capital, Thomson Locations: Stuttgart, Germany, Europe
Germany reports new daily record for COVID-19 infections
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +1 min
Pediatrician Anila Sternberg vaccinates a teenage girl with a dose of the Pfizer-BioNtech COVID-19 vaccine in her practice, as the spread of the coronavirus disease (COVID-19) continues, in Bonn, Germany, May 21, 2021. REUTERS/Leon KuegelerBERLIN, Jan 27 (Reuters) - Germany reported another record number of daily new COVID-19 infections on Thursday, crossing the 200,000 threshold for the first time, as the country debates whether to impose compulsory vaccinations. The Robert Koch Institute for infectious diseases reported 203,136 positive tests in the last 24 hours, 69,600 cases more than the same day a week ago. Register now for FREE unlimited access to Reuters.com RegisterGerman lawmakers debated on Wednesday whether to impose compulsory COVID-19 shots, while protesters gathered outside the parliament building. Register now for FREE unlimited access to Reuters.com RegisterReporting by Emma Thomasson Editing by Miranda Murray and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: Anila Sternberg, Leon Kuegeler BERLIN, Jan, Robert Koch, Olaf Scholz, Emma Thomasson, Miranda Murray, Kim Coghill Organizations: Pfizer, BioNtech, REUTERS, Thomson Locations: Bonn, Germany, France, Italy, Spain
European lenders lost ground to Wall Street rivals during the pandemic because volatile markets boosted the earning power of U.S. banks' outsized trading arms. European rivals earn proportionately more from lending and benefit from a higher interest rate environment. As the continent's biggest lenders prepare to report full-year earnings for 2021, kicking off with Deutsche Bank(DBKGn.DE) on Thursday, European banks must seize the opportunity that now presents itself, analysts consultants and investors say. In investment banking, U.S. banks have beaten European rivals on their own turf by almost any metric in recent years, and the gap has been widening. European lenders have also largely avoided amassing mountains of bad loans as corporate borrowers weathered the COVID-19 pandemic.
Persons: Kai Pfaffenbach, Eriola Shehu Beetz, Goldman Sachs, Morgan Stanley, they've, Shehu Beetz, Steven van Rijswijk, moratoria, Jerome Legras, Oliver Judd, That's what's, Italy's, Spain's, Lawrence White, Iain Withers, John O'Donnell, Elaine Hardcastle Organizations: REUTERS, Wall Street, Deutsche Bank, Boston Consulting, JPMorgan, Citigroup, Bank of America, ING, Lloyds Banking Group, NatWest, European Central Bank, Investments, Aviva, Credit Suisse, UBS, Germany's Deutsche Bank, Spain's Santander, BNP, Standard Chartered, HSBC, Barclays, Lloyds, Thomson Locations: Frankfurt, Germany, United States, U.S, Europe, Middle East, Africa, Britain, London
Electrolux books $85 mln tariffs case related charge in Q4
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: 1 min
The Electrolux logo is seen during the IFA Electronics show in Berlin, Germany September 4, 2014. REUTERS/Hannibal Hanschke/File PhotoSTOCKHOLM, Jan 27 (Reuters) - Electrolux will charge $85 million to earnings in the fourth quarter after an appeals panel upheld a U.S. Department of Commerce decision regarding tariffs on washing machines imported into the U.S. from Mexico in 2016 and 2017. Europe's biggest appliances maker said late on Wednesday the expense would affect the operating profit of business area North America, reducing its income for the period by $63 million. The Swedish group is scheduled to publish its full-year earnings report on Friday. Register now for FREE unlimited access to Reuters.com RegisterReporting by Anna Ringstrom, editing by Helena SoderpalmOur Standards: The Thomson Reuters Trust Principles.
Persons: Hannibal Hanschke, Jan, Anna Ringstrom, Helena Soderpalm Organizations: IFA Electronics, REUTERS, U.S . Department of Commerce, Thomson Locations: Berlin, Germany, STOCKHOLM, Mexico, North America, Swedish
Germany has provoked outrage in some quarters after it offered to supply 5,000 military helmets to Ukraine to help defend against a possible Russian invasion. The offer of helmets, made on Wednesday, has been derided by some Ukraine officials. For one, Kyiv's mayor Vitali Klitschko dismissed the offer as "a joke" and had said it had left him "speechless." "What kind of support will Germany send next?" Defense Minister Christine Lambrecht said Wednesday that Berlin was responding to a request for military equipment, specifically helmets, according to Reuters.
Persons: Vitali Klitschko, Christine Lambrecht, Lambrecht, Olaf Scholz Organizations: Ukraine —, Reuters, Welt, Deutsche Welle Locations: Ukrainian, Crimea, Perevalne, Ukraine, Germany, U.S, Ukraine — Germany, Berlin, Russia, Baltic, Estonia
Ukrainian Foreign Minister Dmytro Kuleba meets with U.S. Secretary of State Antony Blinken (not pictured) in Kyiv, Ukraine, January 19, 2022. Alex Brandon/Pool via REUTERSCOPENHAGEN, Jan 27 (Reuters) - Russia is likely to remain on a diplomatic track with Ukraine and the West for at least two weeks following talks in Paris to de-escalate the situation, Ukrainian Foreign Minister Dmytro Kuleba said on Thursday. "Nothing has changed, this is the bad news," Kuleba said of the talks in Paris, where Moscow held security talks with diplomats from Ukraine, France and Germany on Wednesday. "Unfortunately, the biggest demand that Russia has is that Ukraine engages directly in talks with Russian proxies in Donetsk and Luhansk instead of negotiating with Russia. Donetsk and Luhansk are self-proclaimed republics in the Donbass in eastern Ukraine.
Persons: Dmytro Kuleba, Antony Blinken, Alex Brandon, Jan, Kuleba, Jeppe, Nikolaj Skydsgaard, Jacob Gronholt, Pedersen, Stine Jacobsen, Andrew Cawthorne, Alison Williams Organizations: Ukrainian, U.S, REUTERS, Danish, Russia, Thomson Locations: Kyiv, Ukraine, REUTERS COPENHAGEN, Russia, Paris, Moscow, France, Germany, Berlin, Copenhagen, Normandy, Donetsk, Luhansk
Airmen from the 4th Fighter Wing at Seymour Johnson Air Force Base, N.C. and the 48th Fighter Wing, Royal Air Force Lakenheath, England, arrive at Amari Air Base, Estonia, January 24, 2022. U.S. Air Force Photo/Staff Sgt. U.S. President Joe Biden has said he will not send American or allied troops to fight Russia in Ukraine. The United States, Britain and the Baltic states are sending weapons to Ukraine, including anti-tank missiles, small arms and boats. Romania is in talks with the United States over increasing troop numbers on its soil.
Persons: Megan Beatty, Jan, Joe Biden, Tsvetelia Tsolova, Luiza Ilie, Timothy Organizations: 4th Fighter, Seymour Johnson Air Force Base, 48th Fighter, Royal Air Force, Amari, Base, . Air Force, Staff, REUTERS, NATO, Treaty, Canada, UKRAINE, The U.S . Department of Defense, Moscow, Russia, United, Timothy Heritage, Thomson Locations: N.C, England, Estonia, Handout, REUTERS BRUSSELS, Europe, Ukraine, Russia, Kyiv, Denmark, United States, Britain, Baltic, Turkey, Russian, Germany, Berlin, Crimea, The, Lithuania, Spain, Madrid, Bulgaria, Netherlands, France, Romania, Brussels, Canada, Latvia, Poland
Expanding on the findings, Diaspora Affairs Minister Nachman Shai said Holocaust distortion or trivialisation is itself anti-Semitic and can sometimes lead to actual endangerment of Jews. Yad Vashem, Israel's main Holocaust memorial, has urged world leaders to come out against such discourse - a call apparently heeded by U.N. Secretary-General Antonio Guterres, who on Monday said the yellow star protests were "reprehensible". "COVID brought Holocaust trivialisation to a summit," said Yad Vashem chairman Dani Dayan. "Things like that, sometimes done by politicians, by public figures, are despicable and Yad Vashem is very clear in demanding those persons retract." "Please leave the word 'Holocaust' for the Holocaust - and nothing but it," he said.
Persons: Matthias Rietschel, Jan, Hitler's, Nachman Shai, Yad Vashem, Israel's, Antonio Guterres, COVID, trivialisation, Dani Dayan, Vashem, Rabbi Israel Meir Lau, Dan Williams, Emelia Sithole Organizations: REUTERS, COVID, North America, Diaspora Affairs Ministry, U.S, Diaspora, Reuters, Antisemitism, Yad, Thomson Locations: Leipzig, Germany, Gaza, Europe, North, U.S
BERLIN, Jan 27 (Reuters) - German prosecutors arrested and charged a Russian citizen with spying for Russia, alleging he had passed information on aerospace technology, in particular the Ariane space launch vehicle, to Russian intelligence. The arrest casts a spotlight on Russian intelligence activity in Germany even as Berlin faces pressure from Western allies to take a more robust stance in support of Ukraine as Russian forces mass on its borders. "The agency's interests particularly targeted the various development stages of the European space launcher Ariane and the accused's research into tools," prosecutors said in a statement. Germany is a major centre for Russian intelligence operations. ($1 = 0.8929 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Thomas Escritt, editing by Kirsti Knolle and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: Jan, Thomas Escritt, Kirsti Knolle, Kim Coghill Organizations: Bavarian, Russia's Foreign Intelligence Service, SVR, Thomson Locations: Russian, Russia, Germany, Berlin, Ukraine, Chechen
It would be "insane" for Russia to invade Ukraine — but that scenario is "not impossible," says former Prime Minister of Sweden Carl Bildt. The effect on Russia's economy and society would be very substantial, and people would likely mobilize resources to help Ukraine, he predicted. There are rising fears of war between Russia and Ukraine as Moscow has boosted its military presence at the border between the two countries in recent months. But the former Swedish prime minister isn't hopeful. Carl Bildt Former Prime Minister of SwedenIf Nord Stream 1 is cut, Germany will be in a critical situation, he said.
Persons: Sweden Carl Bildt, it's, Vladimir Putin, Bildt, CNBC's, Wolfgang Schwan, , Carl Bildt Organizations: Ukraine, European Council, Foreign Relations, 25th Air Assault Battalion, Anadolu Agency, Getty, U.S, Kremlin, Russia, CNBC, Eurostat Locations: Russia, Ukraine, Sweden, Europe, Avdiivka, Moscow, Washington, Crimea, Swedish, Germany
Frankfurt Deutsche Bank delivered its most profitable year in a decade on the back of a dealmaking bonanza , strengthening Chief Executive Christian Sewing's hand as he fine tunes a new strategy and targets for the years ahead in March. had to pay up to keep its traders and dealmakers on board, however, with compensation at its investment bank soaring 30% in the final quarter. That compared with a profit of 51 million euros a year earlier and contrasted with analyst expectations for a loss of around 130 million euros. Deutsche made a profit of 1.94 billion euros, up from 113 million euros a year earlier, although it has still lost more than 10 billion euros over the past decade. The investment bank's advisory business stood out, with revenue surging 156%.
Persons: Christian, Deutsche's, Deutsche Organizations: Frankfurt Deutsche Bank, Analysts, Deutsche, Regulators, Citigroup, Revenue Locations: Frankfurt, Germany's, Wall
Russian gas flows to Europe have been lower than usual for several months already. Most countries have cut reliance on Russian gas over the years and there are also more supply routes that bypass Ukraine. Nord Stream 2 is awaiting certification before Russian gas can flow through to Germany. For example, Germany, the biggest consumer of Russian gas, can also import from Norway, the Netherlands, Britain and Denmark via pipelines. On top of all this, European gas storage levels are very low for winter, when demand is traditionally highest.
Persons: Vasily Fedosenko, Ned Price, Bruegel, Nina Chestney, Nerijus Adomaitis, Nora Buli, Vladimir Soldatkin, Stephen Jewkes, Kate Abnett, Jan Lopatka, Luiza Ilie, Catherine Evans Organizations: REUTERS, Gazprom, Reuters.com, The, Strategic, International Studies, . State Department, ING, Gas Pipeline, European Commission, LNG, Reuters, Thomson Locations: Europe, Nesvizh, Minsk, Russia, Ukraine, United States, U.S, Qatar, United, EUROPE, Belarus, Poland, Germany, Nord, Slovakia, Austria, Italy, Norway, Netherlands, Britain, Denmark, Europe's, Southern Europe, Turkey, Belgium, France, Kyiv, Crimea
Customers are seen at a McDonald's fast food restaurant in Tokyo, Japan, September 26, 2017. REUTERS/Kim Kyung-Hoon/File Photo/File PhotoJan 27 (Reuters) - McDonald's Corp (MCD.N) missed revenue expectations on Thursday, as dismal sales in its more than 4,500 restaurants in Australia and China due to pandemic-related curbs ate into gains from growth in the United States in the fourth quarter. While McDonald's had raised prices in 2021, higher costs continue to weigh on its profit as the company has been forced to increase wages to retain workers in the United States, its largest market. Its total operating cost rose 14% to $3.61 billion, its highest quarterly rise in at least five years. Global same-store sales jumped 12.3%, compared with Wall Street estimates of a 10.73% rise.
Persons: Kim Kyung, McDonald's, Hilary Russ, Arun Koyyur Organizations: REUTERS, McDonald's, Reuters.com, Thomson Locations: Tokyo, Japan, Australia, China, United States, Italy, Germany, France, U.S, New York, Bengaluru
Ukrainian Foreign Minister Dmytro Kuleba meets with U.S. Secretary of State Antony Blinken (not pictured) in Kyiv, Ukraine, January 19, 2022. Alex Brandon/Pool via REUTERSSummary Ukraine's foreign minister visits DenmarkHe says 'nothing has changed' after 'Normandy' talksCOPENHAGEN, Jan 27 (Reuters) - Russia is likely to remain on a diplomatic track with Kyiv and the West for at least two weeks but will continue efforts to destabilise Ukraine, Ukrainian Foreign Minister Dmytro Kuleba said on Thursday. Russia has massed troops near Ukraine's border but says it does not plan to invade its neighbour. The so-called "Normandy" talks in Paris were seen as a step towards defusing broader tensions in a separatist conflict in eastern Ukraine. "Unfortunately, the biggest demand that Russia has is that Ukraine engages directly in talks with Russian proxies in Donetsk and Luhansk instead of negotiating with Russia.
Persons: Dmytro Kuleba, Antony Blinken, Alex Brandon, Jan, Kuleba, Jeppe Kofod, Biden, Nikolaj Skydsgaard, Jacob Gronholt, Pedersen, Stine Jacobsen, Andrew Cawthorne, Alison Williams, Timothy Organizations: Ukrainian, U.S, Danish Foreign, Russia, NATO, Timothy Heritage, Thomson Locations: Kyiv, Ukraine, Denmark, Normandy, COPENHAGEN, Russia, Ukrainian, Ukraine's, Paris, France, Germany, Copenhagen, Berlin, Donetsk, Luhansk, U.S
Italy's Leonardo to make parts of new European military drone
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +2 min
The Leonardo logo is seen during celebrations for the 500th Eurofighter Typhoon produced by the European consortium at Caselle airport in Turin, Italy, April 11, 2017. REUTERS/Stefano Rellandini/File PhotoMILAN, Jan 27 (Reuters) - Italy's Leonardo (LDOF.MI) is set to build parts of a new European military drone, the director general of the aerospace group said on Thursday, after Spain gave its support to the new joint programme. The project to design, develop and produce the drone is backed by Germany, France, Italy and Spain, and the approval by Spain was the last green light required. Leonardo could make components for the drone at some of its plants in southern Italy, which have been suffering from a drastic fall in orders from Boeing (BA.N), the group said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Francesca Landini Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
Persons: Stefano Rellandini, MILAN, Jan, Leonardo, General Lucio Valerio Cioffi, Cioffi, Francesca Landini, Bernadette Baum Organizations: 500th Eurofighter, REUTERS, Airbus, Dassault, Boeing, Thomson Locations: Turin, Italy, Spain, Germany, France
ECB kicks off climate stress test for banks
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +1 min
European Central Bank (ECB) headquarters building is seen during sunset in Frankfurt, Germany, January 5, 2022. REUTERS/Kai PfaffenbachFRANKFURT, Jan 27 (Reuters) - The European Central Bank launched a stress test on Thursday to assess how prepared banks are to deal with potential shocks stemming from climate risk, it said in a statement. The ECB has long warned that euro zone lenders are failing to meet its climate risk management goals, and repeatedly called on them to adjust to its standards more quickly. "This is not a pass or fail exercise, nor does it have direct implications for banks’ capital levels," the ECB said. The ECB will target specific asset classes exposed to climate risk rather than banks' overall balance sheets, it said.
Persons: Kai Pfaffenbach FRANKFURT, Jan, Balazs Koranyi, John Stonestreet Organizations: European Central Bank, REUTERS, ECB, Thomson Locations: Frankfurt, Germany
The Netherlands lifted some of Europe's toughest Covid restrictions with bars, restaurants and museums allowed to reopen their doors, Prime Minister Mark Rutte said on January 25, 2022. This is in spite of high levels of infections across Europe, largely caused by the spread of the omicron variant. While Covid cases have peaked and are falling in the U.K., cases in France and Germany are still near records. On Wednesday, France reported just over 428,000 new Covid cases over the previous 24-hour period. Germany reported a new record of 164,000 new daily infections on the same day, but this was trounced Thursday, with 203,136 new infections reported by the public health body, the Robert Koch Institute.
Persons: Mark Rutte, RAMON VAN FLYMEN, Robert Koch, Olivier Veran Organizations: AFP, Getty, Dutch, Robert Koch Institute ., France's, omicron Locations: Amsterdam, Netherlands, Europe, England, Denmark, France, Germany, Robert Koch Institute . Germany
Insider asked 14 of the biggest cannabis investment firms for the startups they're watching in 2022. This is Insider's second annual list of top cannabis startups. Last year was the year of megarounds for cannabis startups. Dutchie, a company in Bend, Oregon, that helps connect cannabis shops to consumers in legal states, led the pack. In total, investors poured $2.7 billion across 272 deals into cannabis startups, up from $1.5 billion in 2020, according to the data provider PitchBook.
Persons: Dutchie, Cann, BastCore Organizations: Tiger Global, Merida Capital Holdings, Poseidon Asset Management, Navy Capital, European Union Locations: Bend , Oregon, Germany
Total: 25