New UK PM will need to take urgent action on energy bills – Ofgem CEO
LONDON (Reuters) – Britain’s new prime minister will need to act urgently to address the issue of soaring energy prices, t..
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UK’s Micro Focus shares nearly double after Canada’s OpenText agrees $6 billion takeover
By Eva Mathews and Krystal Hu (Reuters) -Shares of Micro Focus soared more than 90% on Friday after Canadian software company OpenText..
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Most of BP’s Whiting refinery units shut following fire -sources
HOUSTON (Reuters) -Most of the units at BP Plc’s 435,000 barrel-per-day Whiting, Indiana, refinery were out of production on Thursday ..
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Decision to end ECB reinvestments takes back seat to rate hikes, sources say
By Balazs Koranyi JACKSON HOLE, Wyo. (Reuters) – The European Central Bank could soon start talks on ending reinvestments of cas..
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Carlsberg’s Poland unit could stop production; lack of CO2 threatens food industry
GDANSK (Reuters) -Danish brewery Carlsberg’s subsidiary in Poland could cut or halt beer production due to a lack of carbon diox..
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After rescue by Open Arms, 99 migrants wait to dock in Europe
By Juan Medina ABOARD THE OPEN ARMS UNO, off Sicily (Reuters) – Around 30 nautical miles off the coast of Italy’s Sicily, ..
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Novartis to spin off generics business Sandoz next year
By Natalie Grover ZURICH/LONDON (Reuters) -Novartis plans to spin off its underperforming generics unit Sandoz to sharpen its focus on..
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Germany signs deal to give ownership of Benin Bronzes to Nigeria
BERLIN (Reuters) – Germany signed an agreement on Thursday to transfer ownership to Nigeria of the Benin Bronzes, among Africa&#..
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Citigroup says will close Russian consumer, commercial business
By Lananh Nguyen (Reuters) -Wall Street giant Citigroup Inc will close its consumer and commercial banking businesses in Russia starti..
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French wheat protein slips further in latest harvest results
PARIS (Reuters) – Nearly complete quality results from France’s soft wheat harvest showed slightly weaker protein levels t..
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Looks aren’t everything – British supermarkets to stock misshapen fruit amid drought
By Sachin Ravikumar LONDON (Reuters) – Two British supermarket chains will stock bent carrots and other misshapen fruit and vege..
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Dollar edges lower as investors wait on Fed’s Powell
By Karen Brettell NEW YORK (Reuters) – The dollar index and the euro both slipped on Thursday in choppy trading as investors wai..
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Fortum says rising costs of Nordic power trading are “worrying”
By Anne Kauranen HELSINKI (Reuters) – Finnish utility Fortum on Thursday said low liquidity and high price volatility have creat..
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Europe’s Wizz Air considering a Saudi operating license
RIYADH (Reuters) -European budget carrier Wizz Air is considering basing an airline in Saudi Arabia as part an agreement signed with t..
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Oil firms must step up exploration off Norway to unlock potential -NPD
By Nerijus Adomaitis OSLO (Reuters) – Oil companies in Norway must increase their exploration activity in remote regions like th..
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Ukraine war, energy crisis send German business sentiment to lowest level since June 2020
By Miranda Murray BERLIN (Reuters) -German business morale in August fell to its lowest reading since June 2020 amid high uncertainty ..
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Sterling rises 0.5% as dollar takes a breather
By Samuel Indyk LONDON (Reuters) – Sterling recouped some losses against the dollar on Thursday but was still languishing near a..
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FTSE 100 rebounds on energy, earnings lift
By Johann M Cherian and Sruthi Shankar (Reuters) -London’s blue-chip stock index bounced off two-week closing lows on Thursday, ..
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EU to urge big polluters to toughen climate pledges by COP27 summit – draft
By Kate Abnett BRUSSELS (Reuters) – The European Union will urge the world’s biggest economies to improve their targets to..
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Energy stocks boost European shares ahead of ECB minutes
By Anisha Sircar (Reuters) -European shares firmed on Thursday on a boost from oil stocks ahead of minutes from the last policy meetin..
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Sony hikes PS5 price on economic pressures, rising rates
By Sam Nussey TOKYO (Reuters) -Sony Group Corp said on Thursday it was hiking the price of its PlayStation 5 games console in markets ..
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New UK PM must be radical to stop power bill catastrophe – think tank
By Humza Jilani LONDON(Reuters) -Britain’s next prime minister must adopt radical ideas – such as discounted power tariffs..
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Shell Energy to pay for overcharging price cap customers -Ofgem
(Reuters) -Shell Plc’s UK retail energy business has to pay 536,970 pounds ($635,181) for overcharging some customers on its def..
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Rouble steadies near 60 vs dollar; TCS, M.Video shares down after results
MOSCOW (Reuters) – The Russian rouble stabilised near 60 against the dollar on Thursday, lacking new momentum, while shares in T..
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Google to roll out anti-disinformation campaign in some EU countries
By Supantha Mukherjee STOCKHOLM (Reuters) -Google’s Jigsaw subsidiary will launch a campaign next week to tackle disinformation ..
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Hedge funds suffer big outflows in Q2 – data
By Nell Mackenzie LONDON (Reuters) – Investors yanked a net $7.8 billion out of hedge funds in the second quarter, industry data..
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France’s Schneider considers full buyout of AVEVA
By Sudip Kar-Gupta and Supantha Mukherjee PARIS (Reuters) -French industrial conglomerate Schneider is considering buying out minority..
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Greece’s Aegean Airlines in code sharing deal with Emirates
ATHENS (Reuters) – Greece’s largest carrier Aegean Airlines said on Wednesday it had struck a so-called code sharing agree..
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German exporters pinched by 70-billion-euro price squeeze – DIHK
By Rene Wagner BERLIN (Reuters) – German exporters are in an “extreme price squeeze” and incurred extra costs of 70 ..
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Ford delays Spanish investments, citing ‘revised outlook for Europe’
By Joan Faus BARCELONA (Reuters) -Ford said on Wednesday it is delaying its production investments in Spain, citing a “revised o..
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Exclusive-Tinder-owner Match ups antitrust pressure on Apple in India with new case
By Aditya Kalra NEW DELHI (Reuters) – Tinder-owner Match Group has filed an antitrust case against Apple with the competition re..
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Germany approves rules to turn down heating, lights this winter
BERLIN (Reuters) -Germany’s public buildings are to become cooler and streets darker this winter under energy-saving measures ap..
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European recovery set to stall, outlook cautious – Reuters poll
By Samuel Indyk LONDON (Reuters) – A recent recovery in European shares looks set to stall and not reclaim end-2021 levels for w..
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Germany prioritizes energy transport on railways amid shallow Rhine
FRANKFURT (Reuters) – Germany on Wednesday prioritized the transportation of materials and equipment essential for energy produc..
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Turkey’s economy expanded 7.5% in Q2, seen slowing in H2 – Reuters poll
By Ezgi Erkoyun ISTANBUL (Reuters) – Turkey’s economy expanded 7.5% annually in the second quarter of the year, a Reuters ..
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UK gas producers boost domestic output by 26% in first half of 2022
By Sachin Ravikumar LONDON (Reuters) – Gas production in the United Kingdom rose 26% in the first half of this year compared to ..
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UBS ups Greek economy’s 2022 growth forecast on tourism tailwind
ATHENS (Reuters) – Greece’s economy could grow by 5.7% this year from 4.0% previously forecast as the country benefits fro..
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