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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
A logo is pictured on the factory of STMicroelectronics in Plan-les-Oautes near Geneva, Switzerland, December 6, 2016. The Geneva-based company said on Thursday it planned between $3.4 billion and $3.6 billion in capital spending this year, compared with $1.8 billion in 2021. read moreTaiwanese chip firm TSMC this month said it expected strong growth to accelerate in coming years due to booming semiconductor demand. read moreSTMicro made fourth-quarter earnings per share of $0.82, beating ​analysts' average estimate of 69 cents per share, according to Refinitiv data. However, the group sees first-quarter sales around $3.5 billion, down 1.6% from the previous quarter, and gross margin around 45%.
Persons: Denis Balibouse, STMicro, Jan, Jean, Marc Chery, Mathieu Rosemain, Rashmi Aich, Mark Potter Organizations: REUTERS, Apple, Industry bellwether Texas, Toyota, Thomson Locations: STMicroelectronics, Geneva, Switzerland, Italy PARIS, Agrate, Italy
EU rejectionIn November 2013, Viktor Yanukovych, Ukraine's pro-Russian president, rejected closer ties with the European Union by refusing to sign an association agreement on the eve of a summit in Vilnius, Lithuania. Yanukovych was pressured by Russia, which subsequently offered Ukraine economic assistance to the tune of $15 billion. Beeldbewerking | iStock | Getty ImagesMarkets roiledA market rally on Wall Street faded Friday afternoon on rumors of the Russian military action. Elsewhere, companies with high exposure to Russia and Ukraine included French carmaker Renault, which fell 5% that Monday, and Italy's UniCredit, which dropped 4.1%. 'Little green men'The Russian president initially denied that the unbadged soldiers in Crimea — now known as Putin's "little green men" — were Russian troops, before an admission the following month.
Persons: Vladimir Putin, Ivan Buvaltsev, Sergei Shoigu, Mikhail Klimentyev, Viktor Yanukovych, Ukraine's, Yanukovych, Ukraine's hryvnia, DAX —, Sberbank, French carmaker, Italy's, , Sean Gallup Organizations: AFP, Getty, European Union, International Monetary Fund, iStock, Gazprom, Mobile, French carmaker Renault Locations: Russian, Leningrad, Ukrainian, Crimea, Ukraine, Donetsk, Luhansk, Kyiv, EU, Vilnius, Lithuania, Russia, Brussels, Moscow, French, Crimea —, Perevalne
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
Italy's fourth vote for president seen failing, stakes rising
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +3 min
Ballot papers are counted after the third day of voting to elect the country's new president, in Rome, Italy, January 26, 2022. I think we will do it tomorrow," former Prime Minister Matteo Renzi, who heads the centrist Italia Viva party, told Radio Leopolda. Three days of secret ballots in parliament have so far failed to elect a new head of state to replace the outgoing President Sergio Mattarella. A fourth round of voting was due to begin at 1000 GMT on Thursday. He has so far ruled this out, but he topped Wednesday's ballot, winning 125 votes, suggesting many lawmakers are hopeful he might change his mind.
Persons: Alberto Pizzoli, ROME, Jan, Mario Draghi, Matteo Renzi, Sergio Mattarella, Enrico Letta, Letta, Pier Ferdinando Casini, Giuliano Amato, Elisabetta Casellati, Mattarella, Angelo Amante, Giulia Segreti, Crispian Balmer, Timothy Organizations: Reuters.com Register, Italia Viva, Radio Leopolda, Democratic Party, Twitter, Timothy Heritage, Thomson Locations: Rome, Italy, Milan
At a youth forum this month, Sisi characterised criticism over human rights as an attack on Egypt and said it did not reflect reality on the ground. In recent months, authorities have published the lengthy rights strategy, appointed a national human rights council and lifted a state of emergency in place since 2017. On Jan. 10 he said that the Arabic Network for Human Rights Information that he ran was halting activities, citing growing pressure from authorities. "I don't know how or whether that human rights strategy is going to be implemented," she told Reuters. Anwar al-Sadat, a former member of parliament nominated to the national rights council who has helped mediate recent prisoner releases, said improvements in the area of human rights in Egypt would take time.
Persons: Mohamed Mursi, Amr Abdallah Dalsh, Jan, Tareq Marzouq, Abdel Fattah al, Sisi, Joe Biden, Mustapha al, Gamal Eid, Mursi, Mohamed Mamdouh, Ramy Shaath, Patrick Zaki, Abdel Fattah, Ziad el, Elaimy, Ekram Yousef, Abdel Fattah's, Anwar al, Sadat, Mike Collett Organizations: REUTERS, Reuters.com, Former, Cairo University, Human Rights, Islamist, Reuters, Amnesty International, White, Thomson Locations: Cairo, Egypt, CAIRO, Tora, Europe, France, Italy
A security guard stands near a banner separating a closed loop area from a street, ahead of the Beijing 2022 Winter Olympics in Beijing, China January 27, 2022. Skeleton racer Nikita Tregubov, who won silver in 2018, may also miss out after two positive tests during a training camp in Sochi, southern Russia, his coach said on Tuesday. Teams have gone to great lengths to keep their athletes shielded including chartering flights to reduce close contacts. To minimize risks, Beijing 2022 has introduced a "closed loop" system which restricts all Games participants to certain zones in and around venues and accommodation, creating a bubble that separates them from the local population. Only two of those have been athletes or team officials, the rest have all been "other stakeholders", the organizers have said.
Persons: Tingshu Wang BEIJING, Jan, Heidi Weng, Josh Williamson, Mikhael Kolyada, Nikita Tregubov, Elena Vyalbe, Petter Myhlback, Martin Quin Pollard, Amy Tennery, Gabrielle Tetrault, Farber, Hritika Sharma, Frank Pingue, Philip O'Connor, Alan Baldwin, Steve Keating, Helen Coster, Michael Martina, Tony Munroe, Tomasz Janowski Organizations: REUTERS, Winter Games, Reuters.com Register, Russian, Skiing Federation, Games, TV2, Team Canada, SVT, Olympic Sports Confederation, Reuters, Thomson Locations: Beijing, China, Sochi, Russia, Russian, Sweden, Italy
Iran's President Ebrahim Raisi stands before a meeting with Syria's Foreign Minister Faisal Mekdad in Tehran, Iran, December 6, 2021. The open letter released on Thursday, seen by Reuters, was signed by some 460 people, including a former president of the International Criminal Court (ICC), Sang-Hyun Song, and Stephen Rapp, a former U.S. ambassador for global criminal justice. They include the current Iranian President Ebrahim Raisi and judiciary chief Gholam-Hossein Mohseni Ejei," said the open letter. He added: "I am proud to have defended human rights in every position I have held so far." Other signatories include previous U.N. investigators into torture and former foreign ministers of Australia, Belgium, Canada, Italy, Kosovo and Poland.
Persons: Ebrahim Raisi, Faisal Mekdad, Majid Asgaripour, Jan, Michelle Bachelet, Stephen Rapp, Raisi, Ruhollah Khomeini, Gholam, Hossein Mohseni Ejei, Ejei, Javaid Rehman, Stephanie Nebehay, Parisa Hafezi, Gareth Jones Organizations: Syria's, West Asia News Agency, REUTERS GENEVA, Reuters, Criminal Court, ICC, Reuters.com Register Iran, Amnesty, Human Rights Council, Raisi, Thomson Locations: Tehran, Iran, U.S, United States, British, Australia, Belgium, Canada, Italy, Kosovo, Poland, Dubai
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
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
Italy eases travel from the EU as of February
  + stars: | 2022-01-26 | by ( ) www.reuters.com   time to read: +1 min
A man shows his coronavirus disease (COVID-19) "Super Green Pass" before getting on a train on the day Italy brings in tougher rules for the unvaccinated, at Termini main train station in Rome, Italy, January 10, 2022. REUTERS/Guglielmo MangiapaneMILAN, Jan 26 (Reuters) - Italy will ease COVID-19 restrictions for all visitors from European Union countries starting from Feb.1 , the health ministry said on Wednesday. Minister of Health Roberto Speranza has signed an order stating that travellers from EU countries will only need a "green pass," it said in statement. The so-called Green Pass, is a document showing proof of COVID-19 immunity through vaccination, previous infection or a negative test. read moreItaly reported 167,206 COVID-19 related cases on Wednesday, against 186,740 the day before, the health ministry said, while the number of deaths fell to 426 from 468.
Persons: Guglielmo Mangiapane MILAN, Jan, Health Roberto Speranza, Sharm, Emilio Parodi, Aurora Ellis Organizations: REUTERS, European Union, Health, Thomson Locations: Italy, Rome, Cuba, Singapore, Turkey, Thailand, Phuket, Oman, French Polynesia, Maldives, Seychelles, Mauritius, Egypt, Sharm El Sheikh, Marsa Alam, Dominican Republic, Aruba
A nurse prepares a booster dose of the Moderna COVID-19 vaccine, Spikevax, against the coronavirus disease at a vaccination centre in Berlin, Germany, January 1, 2022. Chancellor Olaf Scholz backs compulsory vaccines for over-18s but his coalition government is divided on the issue and he has told lawmakers to vote according to conscience. read moreMany lawmakers, including some from the coalition's junior partner, the liberal Free Democrats, oppose mandatory vaccines. Axel Schaefer, a lawmaker for the ruling Social Democrats who backs mandatory vaccines, compared the protests to opposition to compulsory small pox vaccinations 150 years ago. "The experience of that time showed that with this compulsory vaccination against smallpox we saved millions of lives," he said.
Persons: Michele Tantussi, Jan, Olaf Scholz, Baerbel Bas, Anna Gruenberg, Axel Schaefer, Gerald Gass, Riham Alkousaa, Andreas Rinke, Kevin Liffey, Alexandra Hudson Organizations: Moderna, REUTERS, liberal Free Democrats, Social Democrats, Germany, German Hospital Federation, Alexandra Hudson Our, Thomson Locations: Berlin, Germany, BERLIN, France, Italy, Spain, Rhine, Westphalia, Germany's
“RuPaul’s Drag Race” season 14 may have just started a few weeks ago, but already a handful of divas have won the hearts of fans. ‘Definable titans of who we are’Premiering in 2009, “RuPaul’s Drag Race” quickly became not only one of the most successful pieces of queer pop culture in the 21st century, but it has also captivated the heterosexual zeitgeist as well. That collective even includes pop star Ariana Grande, who slid into the DMs of Colby and Pill after the season 14 premiere episode. The Los Angeles-based queen had started her transition only a few months prior to filming “Drag Race,” but because she wasn’t out to her family about her decision, she was more guarded on sharing her experience on the show. I’m still a thug, don’t try me ... but I do have emotions and I do have feelings.”“I was pretty close to quitting drag,” Pill explained.
Persons: ” Kerri Colby, “ They’re, ’ ” Colby, Willow, Jeté, RuPaul, Kerri Colby, RPDR, Ariana Grande, Pill, , it’d, don’t, I’m, ” Colby, Kerri, can’t, Colby, “ It’s, Gottmik, Gia Gunn, Kylie Sonique Love —, Love, “ We’ve, you’re, , There’s, It’s, ’ ” Jeté, she’s, there’s, ” Jeté, Chicago —, genderfluid —, we’ll, they’re, “ I’ve, That’s, ” It’s, You’re, Organizations: VH1, Colby, National Kidney Foundation, NBC News, NBC, Twitter, Facebook Locations: United Kingdom, Thailand, Spain, Italy, Netherlands, Canada, Dallas, Los Angeles, Denver , Colorado, Chicago, Jeté
EASING CURBSDenmark aims to scrap all remaining domestic COVID-19 restrictions next week. read moreThe moves follow similar announcements in the UK, Ireland and the Netherlands made in the past week. Among reasons given were case numbers dropping below peaks and lower numbers of hospitalisations than feared. read moreWhile Danish infections and hospitalisation numbers have hovered around record highs over the past week, authorities have said there is no longer a correlation between increasing infections and hospitalisations. Also, health authorities estimate between 30-40% of those currently in hospital with a positive coronavirus test are there for other reasons than COVID-19.
Persons: Jan, Francois Murphy, Riham Alkousaa, Andreas Rinke, Robert Muller, Johan Ahlander, Nikolaj Skydsgaard, Philippa Fletcher Organizations: Wednesday, Reuters COVID, Poland, World Health Organization, Thomson Locations: COPENHAGEN, Denmark, Austria, Britain, Ireland, Netherlands, Europe, Germany, Poland, Hungary, Czech, Bulgaria, Romania, Sweden, France, Italy, Eastern Europe
By comparing people's exposure to air pollution between February and July of 2020 across 47 major cities, scientists concluded that government measures to limit the spread of the virus protected people from deadly pollution. Register now for FREE unlimited access to Reuters.com RegisterDomestic and international travel curbs conversely showed little impact on local air pollution. The study said cities in France, Spain and Italy saw NO2 levels fall between 50% and 60% during the period. The authors based their estimate of avoided deaths on observed changes in daily concentrations of pollutants as well as exposure, CAMS said. The intensity and timing of the reduction in air pollution was studied along with the impact on short-term mortality.
Persons: Fabrizio Bensch Jan, Vincent, Henri Peuch, Antonio Gasparrini, Sarah Morland, Juliette Portala, Milla Nissi, Frank Jack Daniel Our Organizations: REUTERS, Service, European Environment Agency, CAMS, London School of Hygiene, Tropical, Thomson Locations: Berlin, Germany, France, Spain, Italy, Paris, London, Barcelona, Milan
Prime Minister Mario Draghi remains in the frame but worries that his promotion to president might cause his coalition government to disintegrate and trigger early elections have clouded his prospects. Of the main party chiefs the only one that is publicly supporting Draghi's candidacy for president is Enrico Letta of the centre-left Democratic Party. On Tuesday, the centre-right bloc put forward three candidates from its ranks - a former Senate speaker, a former mayor of Milan, and a retired magistrate - but the centre-left coalition dismissed the trio and called for further talks. "The Senate speaker is the second most important state official, she does not need to be a candidate, if one calls on her I think she is available," Salvini said. Some politicians have said they want outgoing President Sergio Mattarella to accept a second mandate.
Persons: Jan, Mario Draghi, Matteo Salvini, Enrico Letta, Pier Ferdinando Casini, Giuliano Amato, Elisabetta Casellati, Salvini, Sergio Mattarella, Angelo Amante, Gavin Jones Organizations: Democratic Party, Thomson Locations: ROME, Milan
A nurse prepares a booster dose of the Moderna COVID-19 vaccine, Spikevax, against the coronavirus disease at a vaccination centre in Berlin, Germany, January 1, 2022. But since last summer, vaccine-scepticism and a falloff in regional coordination have taken their toll, and public discontent has grown. The 166 deaths recorded on Wednesday took Germany's cumulative COVID-19 toll to 117,126. Opponents of compulsory vaccination say it violates the second article of the constitution, which guarantees citizens control over their own bodies. Register now for FREE unlimited access to Reuters.com RegisterReporting by Riham Alkousaa; Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.
Persons: Michele Tantussi BERLIN, Jan, Riham Alkousaa, Kevin Liffey Organizations: Moderna, REUTERS, COVID, Frankfurter Allgemeine Zeitung, Thomson Locations: Berlin, Germany, France, Italy, Spain
That's about where America is landing on the crisis unfolding in Ukraine, where Russian President Vladimir Putin has amassed more than 100,000 troops along the border. Putin has spoken longingly of creating a Novorossiya, or New Russia, that would reclaim Ukrainian territory held by the tsars during the 18th century. In other words, if Putin attempts something short of a full-scale conquest of Ukraine, NATO will respond with internal bickering over how to respond. "Russia and Ukraine have been separate peoples for centuries," said Mykola Murskyj, a former international-affairs specialist at the Justice Department. But with the West so divided, Putin knows there's not much the US and NATO can do to stop him from encroaching on Ukraine.
Persons: Tommy Lee Jones, Jones, he's, Vladimir Putin, Putin, John Bolton, Max Boot —, Joe Biden, Bolton, Biden, Patrick Porter, MAGA, That's, Donald Trump, , hasn't, Mykola Murskyj, England's, there's, we've Organizations: NATO, AP, University of Birmingham, Ukraine, US, Republican Party, Republican, Energy, SWIFT, Kremlin, Russian, Justice Department Locations: West Texas, America, Ukraine, New Russia, United States, Russia, Afghanistan, Iraq, It's, Eastern Europe, Russian, Crimea, Ukrainian, China, Kyiv, Europe, France, Italy, Germany, Baltic, Washington, Donbas
Top executives at some of Italy’s largest companies, including utility Enel and lender UniCredit (CRDI.MI), tuned in for a Zoom chat on Wednesday with President Vladimir Putin to discuss economic ties with Russia. The corporate conundrum leaves other European businesses with chunky Russian exposure, especially in Germany, feeling nervous. U.S. President Joe Biden on Tuesday threatened Russia with export controls and other tough sanctions if it invades Ukraine again. For all its tough talk, the European Union will have a hard time shutting off Moscow economically. The EU invested 311 billion euros in Russia in 2019, says the European Commission.
Persons: Vladimir Putin, Tayyip Erdogan, Mikhail Klimentyev, UniCredit, Joe Biden, Pirelli, Putin, Société, Gerhard Schröder, Karin Kneissl, Dasha Afanasieva, Lisa Jucca, Ed Cropley, Karen Kwok, Oliver Taslic Organizations: Pioneering, Sputnik, REUTERS LONDON, Reuters, Russia, European Union, Companies, European, Gazprom, Austrian, Thomson Locations: Turkish, Black, Anapa, Russia, Kremlin, Ukraine, Rome, Germany, European, Moscow, China, United States, Italy, France, EU, Spain, Washington, Brussels, London, Milan
The meeting with top Italian companies, including state-controlled Enel , went ahead despite a call from Rome for business executives not to attend. Western leaders are stepping up preparations for any Russian military action against Ukraine and making plans to shield Europe from potential disruptions to Russian energy supplies. He said Moscow was especially pleased with cooperation with Italian companies and banks on large-scale projects in the energy sector like Yamal LNG and Arctic LNG 2. The world's biggest private green energy group operates in Russia through Enel Russia and has renewable power ventures. Putin said around 500 Italian firms operated in Russia in sectors like energy, steel, and banking, investing around $5 billion in the economy.
Persons: Jan, Vladimir Putin, Putin, Vincenzo Trani, Maire Tecnimont, Andrea Orcel, Francesco Starace, Dmitry Peskov, Igor Sechin, Rosneft, Dmitry Konov, Marco Tronchetti Provera, Eni, Saipem, Starace, Giorgio, Trani, Crispian Balmer, Stephen Jewkes, Vladimir Soldatkin, Valentina Za, Elvira Pollina, Giuseppe Fonte, Giulio Piovaccari, Giulia Segreti, Keith Weir, Jane Merriman Organizations: businessmen, Ukraine, Reuters.com Register Energy, Gazprom, Reuters, Pirelli, Eni, Saipem, Thomson Locations: Ukraine, MILAN, MOSCOW, Italy, Rome, Europe, Russia, Union, Moscow, Milan, Russian, Italian, Enel Russia
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 26 (Reuters) - Defence and aerospace group Leonardo (LDOF.MI) said on Wednesday it had not taken a formal decision about a sale of a business line at its DRS division. Bloomberg reported on Wednesday that Leonardo was considering options for its Global Enterprise Solutions business, including a sale. "With regards to press rumours on the potential disposal of a Leonardo DRS business line, Leonardo informs that, as usual, it constantly evaluates options aimed at creating value for its shareholders, including the possibility of disposing business lines," the Italian group said. Last year, Leonardo tried to list U.S. electronics business DRS, which Global Enterprise Solutions is part of, but in March it postponed the initial public offering saying adverse market conditions did not allow for an adequate valuation.
Persons: Stefano Rellandini, MILAN, Jan, Leonardo, LDOF.MI, Elisa Anzolin, Jane Merriman Organizations: 500th Eurofighter, REUTERS, Defence, DRS, Bloomberg, Global Enterprise Solutions, Global, Solutions, Thomson Locations: Turin, Italy
"The CEO underscored the need to guarantee a stable, long-lasting growth outlook for the network infrastructure, in the interest of all stakeholders," TIM said. As Italy's biggest telecoms infrastructure, TIM's network is deemed strategic by Rome, which is keen to boost connectivity for businesses and households. KKR last year invested 1.8 billion euros in TIM's fixed line, buying a 37.5% stake in the "last-mile" network to homes. The board unanimously gave a mandate to Labriola to explore options, "with specific reference to the group's infrastructure assets, including solutions that go beyond vertical integration," it added. "The CEO highlighted the need to ... focus on the enterprise services such as cloud, Internet of Things and cybersecurity," TIM said.
Persons: Stefano, Jan, Pietro Labriola, Luigi Gubitosi, Labriola, Valentina Za, Cynthia Osterman, Alistair Bell Organizations: Telecom, REUTERS, MILAN, Telecom Italia, Wednesday, KKR, TIM, Italy's, TIM's, Vivendi, Thomson Locations: Rozzano, Milan, Italy, U.S, Rome, Europe
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