Russia’s Sberbank to close gaming unit as restrictions bite

(Reuters) – Russia’s dominant lender Sberbank on Wednesday said it would close its gaming unit, SberGames, due to external restrictions on Russian developers, as Western sanctions force the company to scale back in areas beyond banking. Sberbank has been developing its non-financial businesses such as e-commerce, technology and cloud services …

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FTSE 100 Closes Down 0.08% as OECD Comments Spark Concern

The FTSE 100 closed Wednesday down 0.08% as global economic risks continue to prompt fears among investors. Royal Mail was the index’s biggest faller, dropping 8%, while Airtel Africa fell 5.2%. “It’s been another day of weakness for markets in Europe after [The Organisation for Economic Co-operation and Development] followed …

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Cheers ma’am! Platinum Jubilee boosts pub sales

TWO of Britain’s leading hospitality groups were given a lift by the Platinum Jubilee celebrations. The City Pub Group, which runs 42 pubs in southern England and Wales, hailed ‘particularly strong’ sales last week as the extended bank holiday pushed like-for-like trade up by more than 20pc against 2019. The …

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U.K. stocks extend negative streak for second day

U.K. stocks fell Wednesday, as the FTSE 100 Index UKX, -0.08% closed at 7,593.00. Of the FTSE 100 constituents, air freight company Royal Mail PLC RMG, -5.17% saw the largest decrease Wednesday, as shares shed 5.17% Shares of investment advisors firms Schroders PLC SDR, -3.23% abrdn PLC ABDN, -2.48% dropped …

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