Reuters UK Business

BUDAPEST (Reuters) -Slovakia and Hungary on Friday rebuffed a European Commission suggestion that they could replace lost Russian oil supplies via an alternative route through Croatia, saying it would be too costly. Supplies from Russia’s biggest oil exporter Lukoil through Ukraine were halted in July following a ban by Ukrainian authorities on Lukoil using the …

Slovakia, Hungary rebuff EU call to replace lost Russian oil via Croatia Read More »

(Reuters) -Google-parent Alphabet’s independent growth fund CapitalG cut its stake in cybersecurity company CrowdStrike , according to a regulatory filing on Friday, much before a global outage last month triggered by a software update. The fund cut its stake to 427,895 class A shares from 855,789 shares. The change in holdings is as of June …

Alphabet’s fund CapitalG cut stake in CrowdStrike before July global outage Read More »

ROME (Reuters) – Italy has no plans to introduce new windfall taxes on company profits, government sources said on Friday, denying press reports. Some Italian newspapers reported this week that the government was discussing new taxes on banks, insurers, energy companies and luxury goods firms. Rumours began to spread after Economy Minister Giancarlo Giorgetti last …

Italy has no plans for new tax on company profits, sources say Read More »

(Reuters) – Walmart’s “Everyday Low Price” promise will be put to the test when it reports quarterly results, after rival Amazon.com’s warning that customers had turned bargain hunters, pressuring the online shopping behemoth to forecast a weak current quarter. Shares of Amazon sank nearly 9% in premarket trading on Friday, while Walmart’s stock was marginally …

Walmart’s low price promise in focus after Amazon’s warning Read More »

MADRID (Reuters) – The number of foreign tourists in Spain jumped 13% in the first-half of 2024, putting the country on track for another record year for visitor numbers despite growing discontent over the impact of the holiday industry in some tourist hotspots. For the six months to the end of June, 42.5 million international …

Spain set for record tourist numbers in 2024 after first-half jump Read More »

By Pranav Kashyap (Reuters) -European shares fell more than 1% on Friday, tracking a global risk-off sentiment following disappointing U.S. growth data and overshadowing a handful of positive corporate updates. The pan-European STOXX 600 index fell 1.4% after touching a three-month low earlier in the session. It is also set to log a 1.5% decline …

European shares fall amid global risk-off mood on US growth fears Read More »