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The Latest Breaking News from RBC

Russia needs $6 billion to develop Putin's drone project -media

Russia needs an estimated 500 billion roubles ($6.1 billion) for the development of a drone project announced by President Vladimir Putin in February, the Russian RBC news outlet reported late on Monday.

Reuters

Rory McIlroy's RBC Heritage withdrawal defended as £2.4million PGA Tour sanction looms

Rory McIlroy controversially pulled out of his second elevated event of the PGA Tour season at the RBC Heritage, which is set to cost $3 million of his Player Impact Programme bonus

Daily Mirror

Xander Schauffele tells Rory McIlroy "rules are rules" as he faces $3m PGA Tour sanction

Rory McIlroy is set to lose a whopping $3 million of his Player Impact Programme bonus after skipping his second elevated event of the PGA Tour season at the RBC Heritage

Daily Mirror

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"Net zero" banks greenwashing

"Financial institutions need to be held accountable for their role in financing false solutions."

Salon

Canadian bank named world’s largest fossil fuel financier

Royal Bank of Canada contributed $42.1bn to fossil fuel companies last year, environmental groups say in new report.

Al Jazeera

Rory McIlroy pulls out of latest PGA Tour event just days after Masters nightmare

Rory McIlroy endured a tough week at The Masters after missing the cut, and in the aftermath of his disappointment has decided to withdraw from this week's RBC Heritage

Daily Mirror

Russia Extends Grain Deal for 60 Days

Russia has notified all parties to the Black Sea grain deal that the agreement has been extended for 60 days, the RBC media outlet quoted Foreign Ministry spokeswoman Maria Zakharova as saying on Saturday. The United Nations, Türkiye, who brokered the deal last July, and Ukraine wanted a 120-day renewal.

Asharq Al-Awsat

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Nottingham Forest announces update on City Ground redevelopment as work delayed

The club said rumours that it was looking to abort the plans are '100 percent false'

Nottingham Post

Democrats vote to upend presidential primary calendar for 2024 but challenges persist

The vote cements a shift in the presidential primary calendar that many Democrats have long called for and elevates states with greater diversity and voter access.

WEKU

Russian tycoon tells Kremlin: Tolerate, don't punish dissident remote workers

One of Russia's richest tycoons called on the authorities on Monday to tolerate rather than punish hundreds of thousands of workers who have fled abroad due to Moscow's war in Ukraine, arguing that the country needs their brain power.

Reuters

The 50 best UK companies to work for in 2023

Employment website Glassdoor has put together its list of the top businesses in the country to work for this year

Birmingham Post

Gazprom: gas supplied in full, bypassing damaged Russian export pipeline

A local unit of the Russian energy giant Gazprom said on Tuesday that gas was being supplied to customers in full via parallel pipelines following a fatal explosion in a section of the Urengoi-Pomary-Uzhhorod pipeline.

Reuters

HSBC quits Canada, selling its business to RBC for £8.4bn

London-headquartered bank has been struggling to navigate political pressure from both Beijing and the west

The Guardian - UK

Who is Surovikin, Russia’s new commander for the war in Ukraine?

Known for his ‘total ruthlessness,’ the Russian general has served in Tajikistan and Chechnya, as well as in Syria.

Al Jazeera

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Reuters

Eastern Commander latest Russian general to be sacked as defeats mount - RBC news

Russia has sacked the commander of its Eastern Military District, Colonel-General Alexander Chaiko, the Russian news site RBC reported on Friday - the latest reshuffle of top brass amid a string of battlefield reversals in Ukraine.

Reuters

Russia sacks commander of Western military district - reports

Russia has sacked the commander of its Western military district, the news outlet RBC reported on Monday, the latest in a series of top officials to be fired after a series of defeats and humiliations in the war in Ukraine.

Reuters

Russia may start providing trade finance to importers of its grain - farm minister

Russia may start providing trade finance to importers of its grain as sanctions imposed on Moscow since it sent troops to Ukraine affect this financial instrument, Agriculture Minister Dmitry Patrushev said.

USA Today Sports Media Group

Hockey fans are split after some NHL teams introduce ads on jerseys for next season

Hockey fans have opinions about ads on jerseys.

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Wales Online

Bakers to take on major bread brands in sourdough war amid claims 29 high street loaves are fake

The Real Bread Campaign claims some loaves from stores include Aldi, Lidl, Tesco, Asda and Morrisons along with several major bakers don't meet ther traditional process

Benzinga

'Investor Anxiety' On Software Stocks Prevails, But This Analyst Sees Hope In A Few Stocks, With Questions Around Others -- Like Palantir

On average, software companies beat Q2 revenue estimates by 2% and profitability expectations by 5%, RBC analyst Matthew Hedberg said. Q3 was guided lower for both revenue and profitability while stocks moved on average 2.1% higher the day following earnings.

Benzinga

RBC Says This Pharmacy Chain Has Health Investments On Track Despite Abandoning Divestiture

RBC Capital Markets lowered the price target on Walgreens Boots Alliance Inc (NASDAQ:WBA) to $42 (10% upside) from $46 and maintained the Sector Perform rating. The analysts say that WBA posted solid fiscal 3Q22 results slightly ahead of their estimates and consensus on steady execution in the U.S. against a difficult comp and continued…

Evening Standard

Investors take a bite out of Pets at Home shares after broker downgrade

Retailer takes the biggest tumble on the FTSE 250 as outlook darkens after lockdown sales boom

Benzinga

RBC Capital Says This Dystrophy Stock 'Is Worth A Look'

RBC Capital says Edgewise Therapeutics Inc's (NASDAQ:EWTX) interim results from the ARCH study of EDG-5506 in Becker Muscular Dystrophy (BMD) improve reward/risk into October functional readout at 15 mg, which can help further de-risk the asset into the phase 2 BMD and Duchenne muscular dystrophy (DMD) studies. The analysts believe stable patient NSAAs in October…

Benzinga

Galapagos Bets €225M On CellPoint Marking Its Entry Into CAR-T Field

Galapagos (NASDAQ:GLPG) agreed to acquire CellPoint and AboundBio in an all-cash transaction propelling into next-generation cell therapy while significantly broadening its portfolio and capabilities. Galapagos will pay an upfront amount of €125 million for CellPoint, an additional €100 million to be paid upon achieving certain milestones, and $14 million for AboundBio. Galapagos said…

Asharq Al-Awsat

Deputy PM: Russia Has No Need to Cut Oil Output

Russia has no need to cut its oil output in response to the European Union's embargo, Deputy Prime Minister Alexander Novak told RBC business channel on Thursday. According to Reuters, he earlier said he expected Russia's annual oil production for 2022 would be about 500 million tons, down from 524…

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