News

Exxon Mobil to sell majority stake in Italy LNG terminal to BlackRock

Exxon Mobil to sell majority stake in Italy LNG terminal to BlackRock

By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp chose BlackRock as the potential buyer for its majority stake in Italy..

Central bank test lab develops global bitcoin mapping system

Central bank test lab develops global bitcoin mapping system

By Marc Jones LONDON (Reuters) – A global central bank test lab has designed a prototype bitcoin monitoring system aimed at giv..

Russian car sales jump in September as Chinese brands expand market share

Russian car sales jump in September as Chinese brands expand market share

(Reuters) – Car sales in Russia jumped by 148.6% year-on-year in September, continuing to rebound from a huge slump in 2022, an..

Sanofi to co-develop Teva Pharmaceutical’s Colitis, Crohn’s drug

Sanofi to co-develop Teva Pharmaceutical’s Colitis, Crohn’s drug

JERUSALEM (Reuters) – Teva Pharmaceutical Industries said on Wednesday it will collaborate with French drugmaker Sanofi to co-de..

Britain’s SSE sees weaker half-year profit on subdued renewables output

Britain’s SSE sees weaker half-year profit on subdued renewables output

(Reuters) -British power generator and network operator SSE Plc on Wednesday said it expects to report half-year adjusted earnings of..

Britain’s Tesco upgrades outlook as inflation eases

Britain’s Tesco upgrades outlook as inflation eases

LONDON (Reuters) -Tesco, Britain’s biggest supermarket, upgraded its annual profit guidance on Wednesday as food inflation ease..

Spotify Premium to include free access to audiobooks in UK, Australia

Spotify Premium to include free access to audiobooks in UK, Australia

(Reuters) – Spotify said on Tuesday that users of its premium services in the UK and Australia would now have 15 hours of free a..

UK’s Petrofac gets over $600 million carbon capture contract from ADNOC Gas

UK’s Petrofac gets over $600 million carbon capture contract from ADNOC Gas

(Reuters) -UK oil services firm Petrofac said on Tuesday it got a more than $600 million contract from ADNOC Gas for the Habshan carb..

Banks behind 70% jump in greenwashing incidents in 2023 -report

Banks behind 70% jump in greenwashing incidents in 2023 -report

LONDON (Reuters) – The number of instances of greenwashing by banks and financial services companies around the world rose 70% ..

Countries pledge to raise $12 billion to fund coral reef protection

Countries pledge to raise $12 billion to fund coral reef protection

By David Stanway SINGAPORE (Reuters) – An alliance of nations said on Tuesday members would raise $12 billion to protect coral ..

UK’s Greggs shows resilience with quarterly sales rise

UK’s Greggs shows resilience with quarterly sales rise

LONDON (Reuters) -British baker and fast food chain Greggs kept its full-year outlook as underlying sales rose in the third quarter a..

Rouble recovers slightly after slide past 100 vs dollar

Rouble recovers slightly after slide past 100 vs dollar

(Reuters) -The Russian rouble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade on ..

UK shop price inflation at lowest in a year – BRC

UK shop price inflation at lowest in a year – BRC

LONDON (Reuters) – Prices in British store chains rose at the slowest pace in a year in September, according to industry data t..

Visa launches $100 million venture fund for generative AI startups

Visa launches $100 million venture fund for generative AI startups

(Reuters) – Payments processor Visa on Monday launched a $100 million venture fund for generative artificial intelligence (AI) ..

Oil tumbles 2% to 3-week low on strong dollar, profit taking

Oil tumbles 2% to 3-week low on strong dollar, profit taking

NEW YORK (Reuters) -Oil prices fell about 2% on Monday to a three-week low as a higher-priced Brent contract expired, the U.S. dollar ..

Dollar climbs to near 150 vs yen after US shutdown avoided, data

Dollar climbs to near 150 vs yen after US shutdown avoided, data

By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index climbed on Monday, building on four straight weeks of gains after th..

Global stock index dips while bond yields, dollar climb

Global stock index dips while bond yields, dollar climb

NEW YORK (Reuters) – MSCI’s global index of stocks kicked off fourth-quarter trading with a decline, while U.S. Treasury..

Oil pares gains ahead of Fed Reserve comments

Oil pares gains ahead of Fed Reserve comments

LONDON (Reuters) – Oil prices pared gains after earlier climbing $1 on Monday, with questions around supply and global demand an..

EU launches first phase of world’s first carbon border tariff

EU launches first phase of world’s first carbon border tariff

By Philip Blenkinsop and Kate Abnett BRUSSELS (Reuters) – The European Union launched on Sunday the first phase of the world..

Tesla misses delivery estimates as factory upgrades curb production

Tesla misses delivery estimates as factory upgrades curb production

(Reuters) -Tesla missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories forced productio..

London stocks kick off Q4 lower as rising yields bite

London stocks kick off Q4 lower as rising yields bite

By Johann M Cherian and Bansari Mayur Kamdar (Reuters) -London stocks gave up early gains and closed lower on Monday as rising yields..

Germany’s Birkenstock targets over $9 billion valuation in US IPO

Germany’s Birkenstock targets over $9 billion valuation in US IPO

(Reuters) -Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said on Monday it is seeking a ..

France kicks off bird flu vaccination despite trade backlash risk

France kicks off bird flu vaccination despite trade backlash risk

By Sybille de La Hamaide PARIS (Reuters) -France began vaccinating ducks against bird flu on Monday to try and stem the virus that ki..

Euro zone factory activity stuck in steep downturn in Sept – PMI

Euro zone factory activity stuck in steep downturn in Sept – PMI

LONDON (Reuters) – Euro zone manufacturing activity remained mired in a deep and broad-based downturn last month, according to ..

STOXX 600 sinks to six-month low on higher bond yields

STOXX 600 sinks to six-month low on higher bond yields

By Sruthi Shankar, Shristi Achar A and Siddarth S (Reuters) -European stocks kicked off the final quarter on a negative note as highe..

Hungarian and US scientists win Nobel for COVID-19 vaccine discoveries

Hungarian and US scientists win Nobel for COVID-19 vaccine discoveries

By Ludwig Burger and Niklas Pollard STOCKHOLM (Reuters) -Hungarian scientist Katalin Kariko and U.S. colleague Drew Weissman, who met..

Environmental groups file complaint against France’s TotalEnergies over climate impact

Environmental groups file complaint against France’s TotalEnergies over climate impact

PARIS (Reuters) – Four environmental organisations have started legal action against France’s largest energy company Tota..

Top central banks’ rate hike push fizzles out in September, EM parts ways

Top central banks’ rate hike push fizzles out in September, EM parts ways

By Karin Strohecker and Sumanta Sen LONDON (Reuters) – Central banks across major developed economies delivered what looked lik..

Italy’s Enel sells 50% of its Australia green business to INPEX

Italy’s Enel sells 50% of its Australia green business to INPEX

MILAN (Reuters) – Italy’s Enel said on Friday it has finalised the sale of 50% of the two entities owning the group’..

Cellnex sells stake in units in Sweden, Denmark for $772 million to Stonepeak

Cellnex sells stake in units in Sweden, Denmark for $772 million to Stonepeak

MADRID (Reuters), it – Spanish mobile phone tower operator Cellnex said on Friday it sold a 49% stake in its Swedish and Danish ..

Nobel Peace Prize could honour Indigenous, women or green activists

Nobel Peace Prize could honour Indigenous, women or green activists

By Gwladys Fouche and Ilze Filks OSLO/STOCKHOLM (Reuters) – Ukrainian President Volodymyr Zelenskiy and Russian dissident Alexe..

Heavy winter sweaters, coats pile up at stores as warm weather threatens holiday shopping season

Heavy winter sweaters, coats pile up at stores as warm weather threatens holiday shopping season

By Ananya Mariam Rajesh (Reuters) – Unseasonably warm autumn weather from the United States to Europe is denting sales of heavy..

Meta’s new AI assistant trained on public Facebook and Instagram posts

Meta’s new AI assistant trained on public Facebook and Instagram posts

By Katie Paul MENLO PARK, California (Reuters) -Meta Platforms used public Facebook and Instagram posts to train parts of its new Met..

UK business confidence slips in September: Lloyds Bank

UK business confidence slips in September: Lloyds Bank

LONDON (Reuters) – British business confidence declined in September as optimism about the economic outlook faded, a survey sho..

Exclusive-Travelex owners considering sale of company –sources

Exclusive-Travelex owners considering sale of company –sources

By Amy-Jo Crowley and Pablo Mayo Cerqueiro LONDON (Reuters) – Travelex’s owners are exploring a sale of the British curre..

Oil jumps 3% as steep US crude stocks draw adds to supply concerns

Oil jumps 3% as steep US crude stocks draw adds to supply concerns

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices surged 3% on Wednesday, after U.S. crude stocks fell more than expected, adding to..

Sizes of European government debt trades halve in 2023-ICMA

Sizes of European government debt trades halve in 2023-ICMA

By Yoruk Bahceli (Reuters) – Investors are having to put on much smaller trades more frequently in Europe’s government bo..