Reuters UK Business

MOSCOW (Reuters) – Russian President Vladimir Putin met Slovak Prime Minister Robert Fico in the Kremlin on Sunday, a rare visit by a European Union leader to Moscow as a contract allowing for Russian gas to transit through Ukraine nears expiry. Ukrainian President Volodymyr Zelenskiy had said on Thursday that Kyiv could consider continued transit …

Explainer-What happens when Russian gas to Europe via Ukraine stops? Read More »

By Chandini Monnappa and Lawrence White LONDON (Reuters) -British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday, creating the UK’s largest home and motor insurer. The deal, which was first announced earlier this …

UK insurer Aviva to shed up to 2,300 jobs in $4.65 billion Direct Line deal Read More »

By Mateusz Rabiega GDANSK (Reuters) -A subsidiary of Polish e-commerce platform Allegro filed a lawsuit on Monday against Google owner Alphabet, Google Ireland and Google LLC, seeking 2.33 billion zlotys ($567.60 million) in damages, Allegro said in a statement. The unit, Ceneo, is demanding compensation for losses it says it suffered due to Google’s practices …

Polish e-commerce Allegro’s unit sues Alphabet for $568 million Read More »

By Ozan Ergenay and Andrey Sychev (Reuters) – Volkswagen shares were down 3% in early trade on Monday with analysts citing uncertainty about the automaker’s cost-cutting deal with unions and likely headwinds in 2025. Friday’s agreement, hailed by unions as a “Christmas miracle”, calls for more than 35,000 future job cuts and a reduction of …

Volkswagen shares fall as markets struggles to digest unions deal Read More »

MOSCOW (Reuters) -Russia said on Monday the situation with European countries that buy its gas through a transit deal via Ukraine was very complicated and needs more attention, a day after talks between President Vladimir Putin and Slovak Prime Minister Robert Fico. Ukraine has said it will not be renewing a five-year deal to pipe …

Russia calls gas sales to Europe ‘complicated’ as deal with Ukraine nears end Read More »

(Reuters) – Hyatt Hotels is in exclusive talks regarding a potential takeover of Playa Hotels & Resorts N.V. among other strategic options for the $1.2 billion resort operator, the companies said on Monday. Playa’s shares rose about 11% before the bell, while Hyatt’s stock price gained 1%. Playa, which runs 24 high-end, all-inclusive resorts across …

Hyatt in exclusive talks with Playa Hotels on options, including buyout Read More »

MADRID (Reuters) -The Spanish government has issued a decree extending a temporary tax on energy companies into 2025, Prime Minister Pedro Sanchez said on Monday, after lawmakers voted last week to eliminate the levy. The decree enters into force on Jan. 1, but it will need to be confirmed by parliament within 30 days in …

Spanish government extends energy windfall tax by decree Read More »