COPENHAGEN (Reuters) -Finnish energy group Fortum will fully write off the value of its Russian assets that were seized last month by Moscow, the company said while reporting first-quarter earnings that exceeded expectations on Thursday. The company said it would book impairments of 1.7 billion euros ($1.9 billion) in the second quarter for the Russia …
Fortum to write off $1.9 billion after Russia seized assets Read More »
(Reuters) -European shares rose on Thursday led by the gains in media and travel stocks, as signs of easing U.S. inflation boosted hopes that the Federal Reserve might soon pause its aggressive interest rate hikes. The pan-European STOXX 600 index climbed 0.4% after two consecutive sessions of losses. The tech-heavy Nasdaq touched a more than …
Media, travel stocks lift European shares after two days of declines Read More »
(Reuters) – Russia’s Deputy Energy Minister Pavel Sorokin held a call this month with Western analysts about country’s oil production, trying to convince them that Russia had reduced output as targeted, three sources with knowledge of the call told Reuters on Thursday. Russia has classified or delayed key statistics, including on oil production, since the …
Russian energy ministry briefs analysts on oil output -sources Read More »
LONDON (Reuters) -British broadcaster ITV said a tough advertising market would continue in the April to June period as a lack of major events and economic uncertainty dampens company spend, hitting its shares. The stock fell 5% in early deals on Thursday as the group behind UK hit shows like “Coronation Street” and “I’m a …
UK’s ITV sees no quick relief for tough ad market Read More »
LONDON (Reuters) -Britain said it will bring TransPennine Express under temporary government control after ending its contract to operate trains in the north of England and Scotland, citing months of disruption and regular cancellations across the network. The government intends to return the FirstGroup-owned company to the private sector, Britain’s transport department said on Thursday. …
UK brings train operator TransPennine under temporary state control Read More »
By Foo Yun Chee, Martin Coulter and Supantha Mukherjee (Reuters) – European lawmakers came a step closer to passing new rules regulating artificial intelligence tools such as ChatGPT, following a crunch vote on Thursday. The European Union’s highly anticipated AI Act is set to be the first comprehensive legislation governing the technology, with new rules …
EU lawmakers’ committees agree tougher draft AI rules Read More »
MOSCOW (Reuters) – A Russian court fined Alphabet’s Google <GOOGL.O> 3 million roubles ($38,600) on Thursday for failing to delete YouTube videos it said promoted “LGBT propaganda” and “false information” about Russia’s military campaign in Ukraine, Russian news agencies reported. Over the last year Moscow has levied dozens of fines against Western tech companies as …
Russia fines Google over ‘LGBT propaganda’ and ‘false information’ – agencies Read More »
By Sarah Young and Paul Sandle LONDON (Reuters) -British engine maker Rolls-Royce said the new CEO’s plan to boost the company’s profitability was moving “at pace”, and it was on track to meet 2023 forecasts, buoyed by cost savings and the ongoing travel recovery. But shares in the company, which has been one of the …
Rolls-Royce turnaround moving ‘at pace’ under new CEO Read More »
LONDON (Reuters) – The pound edged off multi-month highs against both the dollar and the euro on Thursday ahead of a Bank of England meeting which traders will be watching to see if policy makers undermine or support pricing for more rate increases later this year. Sterling dipped 0.36% against the dollar to $1.2580, a …
Sterling edges off multi-month highs as traders focus on Bank of England Read More »
PRAGUE (Reuters) -Majority state-owned Czech electricity producer CEZ proposed on Thursday to pay a record dividend of 117 crowns ($5.51) per share after soaring energy markets boosted earnings last year, while new taxes and levies are set to drag income down in 2023. CEZ said on Thursday adjusted net profit fell by 60% year-on-year to …
CEZ to pay record dividend, Q1 profits start easing Read More »
