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Ukraine war, energy crisis send German business sentiment to lowest level since June 2020
Business

Ukraine war, energy crisis send German business sentiment to lowest level since June 2020

The skyline with its financial district is photographed as the spread of the coronavirus disease (COVID-19) continues during an extended lockdown in Frankfurt, Germany, January 14, 2021. REUTERS/Kai Pfaffenbach/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterIndex falls for third month in a rowUkraine war, energy crisis weighs on business moraleIfo: Economy expected to shrink in Q3BERLIN, Aug 25 (Reuters) - German business morale in August fell to its lowest reading since June 2020 amid high uncertainty due to the Ukraine war, the resulting energy crisis and fears of an economic downturn in the third quarter, a survey said on Thursday.The Ifo institute's closely watched business climate index fell for a third consecutive month but less than expected to 88.5, from...
Russian politician detained for criticising Ukraine invasion
Politics

Russian politician detained for criticising Ukraine invasion

LONDON, Aug 24 (Reuters) - Russian opposition politician Yevgeny Roizman was shown being detained at his home in a video published on social media on Wednesday, in the latest move by authorities to punish critics of the war in Ukraine.Video of the arrest showed Roizman, former mayor of the Urals city of Yekaterinburg, being taken away by law enforcement officials.Roizman was seen in the video telling reporters that he was being investigated under a law against discrediting the armed forces. He said he was being arrested "basically for one phrase, 'the invasion of Ukraine'".Register now for FREE unlimited access to Reuters.comRegisterAsked where he had said that, he replied: "I've said it everywhere and I'll say it now."State news agency TASS cited Yekaterinburg security services as conf...
Lift-maker Otis agrees to sell Russia business to local investment firm
Business

Lift-maker Otis agrees to sell Russia business to local investment firm

This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, July 27 (Reuters) - Lift-maker Otis Worldwide Corp (OTIS.N) said on Wednesday it had agreed to sell its Otis Russia business to Russia-based investment company Ice Development."After carefully considering the global impacts and consequences of the ongoing crisis and humanitarian tragedy across Eastern Europe, including supply chain disruptions and mounting regulations, we determined that Otis' ownership of our business in Russia is no longer sustainable," Otis said in a statement.Scores of companies have opted to exit Russia or announced plans to do so since Moscow sent tens of thousands of troops into Ukraine on Feb. 24.Register now for FREE unlimited access to Reuters....