MOSCOW (Reuters) – Russian gas giant Gazprom, squeezed by plunging sales abroad as the Ukraine conflict prompts European buyers to turn away, is seeking to raise regulated prices at home to fund investment, Interfax news agency reported on Thursday. Gazprom incurred losses of almost $7 billion in 2023, its first annual loss in more than …
Gazprom seeks to raise Russia’s domestic gas prices, Interfax reports Read More »
DUBLIN (Reuters) – U.S. President Donald Trump’s decision to effectively pull out of a 2021 global corporate minimum tax deal does not pose a “significant threat” to Ireland, the head of the Irish foreign direct investment agency was quoted as saying on Thursday. Ireland is hugely reliant on the taxes and jobs from a cluster …
Irish foreign direct investment chief plays down Trump tax move, Irish Times reports Read More »
KYIV (Reuters) – Ukraine’s largest oil company, Ukrnafta, increased oil output by 0.6% to 1.418 million metric tons last year, CEO Serhiy Koretsky said on Thursday. The company also increased gas output by 6.5% to 1.17 billion cubic metres (bcm). “Despite prolonged power outages that limited oil production, the company managed not only to compensate …
Ukraine’s Ukrnafta increased oil output by 0.6% in 2024, says CEO Read More »
LONDON (Reuters) – The UK government and City of London Corporation have chosen Alok Sharma to chair the Transition Finance Council, as Britain bids to become a global hub for financial products and services that facilitate an economy-wide transition to net zero. Former Conservative minister Sharma, who served as Secretary of State for International Development …
Britain appoints Alok Sharma to chair Transition Finance Council Read More »
By Agata Rybska (Reuters) – Swedish hygiene product and tissue maker Essity could move more of its production into the U.S. from Mexico and Canada if tariffs are introduced by President Donald Trump, but is not considering plant closures, CEO Magnus Groth said on Thursday. Essity generates some 14% of its sales in the U.S. …
Essity could move more production into US if tariffs are introduced, CEO says Read More »
(Reuters) – Britain’s financial watchdog said on Thursday that wholesale brokers must upgrade their systems and controls after a review revealed continuing deficiencies in their safeguards against money laundering. The review by the Financial Conduct Authority (FCA) found the firms were underestimating their exposure to money-laundering risks and depending too much on others in the …
UK watchdog calls for brokers to enhance money laundering safeguards Read More »
By James Davey LONDON (Reuters) -Associated British Foods cut annual sales guidance for its Primark budget fashion retailer after reporting weak trading in its main UK market in the Christmas quarter that it said reflected pressure on lower-income shoppers. The group said Primark was now targeting “low single digit” sales growth in 2025, having previously …
Primark cuts sales outlook after UK’s weak Christmas quarter Read More »
(Reuters) – Swedish metal-cutting and mining equipment maker Sandvik on Thursday signalled stabilising orders for early 2025 and little immediate threat from U.S. tariffs, after it beat market expectations for fourth-quarter order intake. Sandvik, one of the first Nordic industrial companies to report quarterly results, is considered a reliable indicator of demand given its broad …
Sandvik signals stabilising orders as Q4 intake beats estimates Read More »
By Ron Bousso and Yadarisa Shabong LONDON (Reuters) -Shell’s head of downstream and renewables Huibert Vigeveno will step down after 30 years with the energy major and be replaced by insider Machteld de Haan, the company said on Thursday. De Haan, who joined Shell in 1998 and has been executive vice president of Shell’s chemicals …
LONDON (Reuters) -Britain launched an investigation into Apple and Google’s smartphone operating systems, app stores and browsers on Thursday, its second use of recently bulked up regulatory powers to scrutinise big tech companies. The Competition and Markets Authority said it would assess whether Apple and Google had “strategic market status” in smartphones ecosystems, and the …
UK to investigate Apple and Google’s mobile ecosystems Read More »
