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BERLIN (Reuters) -Daimler Truck has raised its profit and revenue guidance due to an easing of supply chain constraints, stronger demand in its core markets and the after-sales business, the company said on Monday. The company has updated its guidance for adjusted returns on sales in its industrial business to a range of 8.5% to …

Daimler Truck raises 2023 guidance for revenue, profit Read More »

BRUSSELS (Reuters) – EU antitrust regulators have extended their deadline for a decision on online travel agency Booking Holdings’ 1.63-billion-euro ($1.8 billion) acquisition by a week to Sept. 6, a European Commission filing showed on Monday. Booking CEO Glenn Fogel and and Etraveli CEO Mathias Hedlund sought to win over the EU competition enforcer at …

EU antitrust deadline on Booking’s Etraveli deal extended to Sept. 6 Read More »

By David Milliken LONDON (Reuters) – Britain’s government and the Bank of England “will do what is necessary, for as long as necessary” to return inflation to its 2% target, finance minister Jeremy Hunt said on Monday, adding to signs that interest rates will stay high for some time. “Delivering sound money is our number …

UK’s Hunt says government and BoE will tame inflation Read More »

(Reuters) – Oil major BP agreed to pay a civil penalty of $10.75 million to cover allegations company traders manipulated natural gas markets in 2008, which is less than BP has already paid in the case, U.S. energy regulators said in a filing. The U.S. Federal Energy Regulatory Commission (FERC) alleged that BP violated the …

BP settles US natgas market manipulation case for $10.75 million Read More »

By Giuseppe Fonte ROME (Reuters) – Italy has collected around 2.8 billion euros ($3.07 billion) from this year’s windfall tax on energy companies, people familiar with the matter told Reuters on Monday. The tax take is slightly above government expectations. The Treasury in December estimated the levy would yield around 2.6 billion euros. A Treasury …

Italy collects around $3 billion from 2023 energy windfall tax Read More »

CAIRO/ MOSCOW (Reuters) – Top diplomats from Russia and the Gulf Arab states praised “the successful” efforts of the countries of the OPEC+ group saying they contributed to stability of the global oil market, a joint statement said on Monday. The two sides also agreed to work on developing energy resources’ supply chains, according to …

Russia, Gulf top diplomats say OPEC+ efforts stabilize global oil market Read More »

By Foo Yun Chee BRUSSELS (Reuters) -The European Commission announced a new data transfer pact with the United States on Monday, seeking to end the legal uncertainty plaguing thousands of companies that transfer personal data across the Atlantic. The move was immediately criticised by non-profit group noyb, led by privacy activist Max Schrems, which said …

EU seals new US data transfer pact, but challenge likely Read More »

BAGHDAD (Reuters) -Iraq and French oil major TotalEnergies on Monday signed a long-delayed $27 billion energy deal that aims increase oil production and boost the country’s capacity to produce power with four oil, gas and renewables projects. The deal had been signed in 2021, with an initial investment of $10 billion in southern Iraq over …

Iraq, TotalEnergies sign $27 billion energy deal Read More »