Reuters UK Business

By Gianluca Lo Nostro and Leo Marchandon (Reuters) -Vodafone and AST SpaceMobile on Friday unveiled plans to establish a Europe-led satellite constellation to provide satellite-to-smartphone connectivity for commercial and government applications. The constellation’s European operational centre will be based in Germany, with potential sites near Munich or Hannover under consideration, the companies said. The initiative will …

Vodafone, AST SpaceMobile to set up Europe-led satellite constellation Read More »

By Pushkala Aripaka (Reuters) -Rightmove shares plunged as much as 28% on Friday after Britain’s biggest property portal warned of slower profit growth next year as it steps up investments, especially in artificial intelligence. The stock hit a two-year low of 474.5 pence, and was down 18.8% at 532.6 pence at 0930 GMT, the biggest …

UK’s Rightmove tumbles as AI investments to slow profit growth in 2026 Read More »

By Timothy Gardner and Daphne Psaledakis WASHINGTON (Reuters) -Swiss commodity trader Gunvor said on Thursday it has withdrawn its proposal to buy foreign assets of Russian energy company Lukoil after the U.S. Treasury called it Russia’s “puppet” and signaled Washington opposed the deal. The move scuttles what would have been Gunvor’s largest acquisition and underscores …

Gunvor drops bid to buy Lukoil assets after US calls it ‘Kremlin’s puppet’ Read More »

ANAPA, Russia (Reuters) -Once dominated by French Burgundy and Italian Barolo wines, Russia’s supermarket shelves are now stocked with an array of domestic vintages as Western sanctions linked to the war in Ukraine push consumers toward local vineyards. Sanctions imposed after President Vladimir Putin sent troops into Ukraine in early 2022 have reshaped Russia’s consumer …

Western sanctions force Russians to turn to domestic wines  Read More »

By Shashwat Awasthi and Joanna Plucinska (Reuters) -British Airways owner IAG on Friday flagged weakness in the U.S. economy market, sending its shares down as much as 10% even as it reported third-quarter operating profit largely in line with expectations and a rise in bookings.   It is the latest airline group to signal a slowdown …

British Airways owner IAG shares drop on weak US market Read More »

By Yadarisa Shabong and Raechel Thankam Job (Reuters) -Wizz Air said on Friday it had delayed taking the deliveries of 88 Airbus jets to fiscal year 2033, from 2030, and reduced its commitment to long-haul jets as the budget airline seeks to cut costs and revive profits. The low-cost carrier has been under pressure to shore up …

Wizz Air pushes Airbus deliveries to 2033, trims long-haul orders Read More »

By Maria Martinez BERLIN (Reuters) -German exports rose more than expected in September as exports to the United States increased for the first time after five consecutive month-on-month decreases, official data showed on Friday. Exports from Europe’s biggest economy rose by 1.4% in September compared with the previous month, according to data from the federal …

German exports rise more than expected in September on US increase Read More »