Reuters UK Business

By Deisy Buitrago and Vivian Sequera CARACAS (Reuters) -Venezuela on Wednesday granted a 20-year license to British energy producer BP and state-owned National Gas Company of Trinidad and Tobago (NGC) to develop the Venezuelan side of a natural gas field that extends into the Caribbean country’s waters. Venezuela, whose gas reserves are mostly untapped, has …

Venezuela grants license to BP, Trinidad’s NGC for offshore gas project Read More »

By David Lawder RIO DE JANEIRO (Reuters) – Britain’s new Labour government aims to restore overseas development spending to 0.7% of economic output when “quite difficult” fiscal circumstances allow, development minister Anneliese Dodds said on Wednesday. Dodds told Reuters in an interview on the sidelines of a meeting of G20 finance leaders in Brazil that …

UK plans to boost development aid when fiscal circumstances allow, minister says Read More »

MILAN (Reuters) – Ferrari said on Wednesday it would extend its scheme to accept payments in cryptocurrency for its luxury sports cars to its European dealers network from the end of this month, after starting in the United States last year. The Italian company will also extend the scheme by the end of 2024 to …

Ferrari extends cryptocurrency payment system to Europe after US launch Read More »

By Jonathan Cable LONDON (Reuters) -Growth in euro zone business activity stalled this month as a tepid expansion in the bloc’s dominant services industry failed to offset a deeper downturn among manufacturers, a survey showed on Wednesday. HCOB’s preliminary composite Purchasing Managers’ Index, compiled by S&P Global, dropped to 50.1 this month from June’s 50.9, …

Euro zone business growth stalls in July, PMIs show Read More »

By Mimosa Spencer and Dominique Patton PARIS (Reuters) -Shares in LVMH fell as much as 6.5% in early Wednesday trade and were on track for their biggest one-day drop since October 2023 after second-quarter sales growth at the French luxury goods giant missed analysts’ consensus estimate. The world’s biggest luxury group said late Tuesday its …

LVMH shares drop after missing second-quarter estimates Read More »