Reuters UK Business

By Mark Trevelyan, Lucy Papachristou and Filipp Lebedev (Reuters) -The severing of one of Russia’s last gas export routes to Europe is being felt most painfully in a small, mainly Russian-speaking breakaway region of Moldova that has for decades looked to Moscow for protection. Russian-backed separatists split from Moldova as the Soviet Union collapsed in …

Moscow-backed enclave in Moldova feels pain from lack of Russian gas Read More »

(Reuters) -Microsoft is planning to invest about $80 billion in fiscal 2025 on developing data centers to train artificial intelligence (AI) models and deploy AI and cloud-based applications, the company said in a blog post on Friday. Investment in AI has surged since OpenAI launched ChatGPT in 2022, as companies across sectors seek to integrate …

Microsoft plans to invest $80 billion on AI-enabled data centers in fiscal 2025 Read More »

By Giuseppe Fonte and Francesca Landini ROME (Reuters) -The European Union should extend its emergency cap on gas prices and set a ceiling of 60 euros per megawatt hour to prevent a possible energy price shock, Italy’s Energy Minister Gilberto Pichetto Fratin said on Friday. Fears of an energy shock have risen after Ukraine refused …

Italy calls for EU gas price cap at 60 euros per megawatt hour Read More »

(Reuters) – The British North Sea is one of the world’s oldest offshore oil and gas basins where production has been in steady decline since the early 2000s. At the same time, the region has become one of the world’s largest and fastest growing offshore wind basins. U.S. President-elect Donald Trump called to “open up” …

Factbox-The fall of UK North Sea oil and rise of offshore wind Read More »

By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) -Some of the world’s largest hedge funds finished 2024 with comfortable double-digit returns, benefiting from chaotic markets, central bank policy changes and a tight U.S. presidential election race. Hedge funds in 2024 averaged a 10.7% return in the year through November, according to PivotalPath, versus 5.7% …

Hedge funds score double-digit returns in 2024 Read More »

By Iain Withers LONDON (Reuters) – Brookfield has delayed the sale of its Citypoint tower in London after bids fell short, forcing the property manager to extend debt repayments, a source familiar with the matter said, the latest sign of strain on Britain’s battered office market. Canadian investor Brookfield had been seeking around 500 million …

Brookfield delays sale of London’s Citypoint office tower, source says Read More »

PARIS (Reuters) -Airbus missed its headline delivery target by a whisker in 2024, provisionally releasing more than 765 jets to airlines and lessors, industry sources said, citing preliminary data. Airbus notionally delivered more than 122 planes in December, bringing the total for the year to just over 765, they said. Airbus declined to discuss any …

Airbus provisionally delivered over 765 jets in 2024, sources say Read More »

By Sruthi Shankar and Shashwat Chauhan (Reuters) -European shares closed out a holiday-shortened week lower on Friday, with heavyweight luxury firms and spirits makers leading losses, though focus remained on economic data for clues on the interest rate path and potential changes in U.S. policies under a Donald Trump presidency. The pan-European STOXX 600 index …

European stocks see off holiday-shortened week lower Read More »

(Reuters) -London’s FTSE 100 index logged its sharpest drop in over two weeks on Friday, weighed by declines in spirits maker Diageo, while investors parsed through some of the first datasets in 2025. The blue-chip FTSE 100 fell 0.4%, but clocked a 1.4% weekly gain, logging its second straight week of gains and its best …

London’s FTSE 100 logs its worst fall in two weeks Read More »