Reuters UK Business

European shares close out holiday-affected week higher on finance, healthcare boost

27 Dec 2024

By Pranav Kashyap and Shashwat Chauhan (Reuters) -Europe’s STOXX 600 index clocked its first weekly advance in three on Friday, boosted by advancing healthcare and financial shares, capping off a holiday-shortened week. The pan-European benchmark closed 0.7% up, hitting its highest level in a week and gaining about 1% in a week where trading volumes …

European shares close out holiday-affected week higher on finance, healthcare boost Read More »

Mongolia reaches deal for $1.6 billion uranium mine with France’s Orano

27 Dec 2024

BEIJING (Reuters) – Mongolia said on Friday it had reached a preliminary agreement with France’s Orano Mining Group to develop a long-expecteduranium mining project worth $1.6 billion. A draft agreement for the deal was submitted to the Mongolian parliament for preliminary discussion, the Mongolian government said. The project, with an initial investment of $500 million …

Mongolia reaches deal for $1.6 billion uranium mine with France’s Orano Read More »

Chile files environmental charges against Anglo American copper mine

27 Dec 2024

(This Dec. 23 story has been corrected to fix the Los Bronces output figures in 2023 to 215,500 metric tons of copper, not 255,000 tons, in paragraph 3) By Fabian Cambero SANTIAGO (Reuters) – Chile’s environmental regulator has filed four charges against the major Los Bronces copper mine, controlled by Anglo American, for noncompliance with …

Chile files environmental charges against Anglo American copper mine Read More »

Telecom Italia seeks Vivendi’s views on simpler structure, sources say

27 Dec 2024

By Elvira Pollina MILAN (Reuters) – Telecom Italia (TIM) is seeking to engage with its main shareholder Vivendi to try to eliminate a dual class of shares and simplify its structure following the sale of its landline grid, two sources said. Relations have been strained by Vivendi’s opposition to TIM’s decision to sell its prized …

Telecom Italia seeks Vivendi’s views on simpler structure, sources say Read More »

Turkish drone maker Baykar buys Italy’s Piaggio Aerospace

27 Dec 2024

ROME (Reuters) – Turkish drone maker Baykar has bought Italian aircraft producer Piaggio Aerospace, Italy’s industry ministry said on Friday, without disclosing financial details. Piaggio Aerospace – unconnected to Vespa scooters maker Piaggio – had been under government-controlled special administration since filing for protection from creditors in 2018. In a statement, the ministry said Baykar’s …

Turkish drone maker Baykar buys Italy’s Piaggio Aerospace Read More »

Russia’s first ice-class LNG carrier enters sea trials, data shows

27 Dec 2024

MOSCOW (Reuters) – The first Russian-built ice-class liquefied natural gas (LNG) carrier has entered sea trials, LSEG data showed on Friday, as part of Russia’s efforts to raise global LNG market share despite U.S. sanctions. The tanker, named Alexey Kosygin after a Soviet statesman, was built at the Zvezda shipyard and is due to join …

Russia’s first ice-class LNG carrier enters sea trials, data shows Read More »

German business associations pessimistic about 2025, IW says

27 Dec 2024

BERLIN (Reuters) – German business associations see their current situation as worse than it was a year ago and remain pessimistic about the coming year, according to a survey published by the employer-oriented German Economic Institute IW on Friday. “The German economy won’t get off the ground in 2025 either,” said IW Director Michael Huether. …

German business associations pessimistic about 2025, IW says Read More »

Close Bitnami banner
Bitnami