Reuters UK Business

By Manya Saini (Reuters) – U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters. The crypto industry saw a stunning reversal of fortunes in 2022 as bankruptcies …

Visa, Mastercard pause crypto push in wake of industry meltdown – sources Read More »

By Supantha Mukherjee and Martin Coulter BARCELONA (Reuters) -Telecom operator Veon, which operates Ukraine’s largest mobile network, has struck a deal with British company OneWeb to integrate the firm’s satellite services with its terrestrial network, in one of the first cross-sector deals of its kind, according to sources familiar with the matter. Satellites can help …

Exclusive-Telecom operator Veon strikes deal on satellite service with OneWeb Read More »

By Jody Godoy and Luc Cohen NEW YORK (Reuters) -Nishad Singh, the former director of engineering at now-bankrupt cryptocurrency exchange FTX, pleaded guilty to U.S. criminal charges on Tuesday, and agreed to cooperate with prosecutors’ investigation into FTX founder Sam Bankman-Fried. “I am unbelievably sorry for my role in all of this,” Singh said, adding …

FTX’s Singh pleads guilty as pressure mounts on Bankman-Fried Read More »

By Sabrina Valle HOUSTON (Reuters) – Chevron Corp. Chief Executive Michael Wirth on Tuesday said a consolidation between the five top Western oil producers remains a possibility but would face regulatory hurdles. Soaring stock prices and cash levels at oil-focused U.S. energy majors has driven Wall Street talk of potential deals for European oil producers. …

Chevron CEO does not rule out consolidation among oil majors Read More »

ROME (Reuters) – Italy intends to vote against European plans to outlaw the sale of new petrol and diesel cars in 12 years, Energy Minister Gilberto Pichetto Fratin said on Tuesday. Rules approved this month by the European Parliament will require that by 2035 carmakers must achieve a 100% cut in CO2 emissions from new …

Italy to vote against EU plan to ban thermal engine cars Read More »

ZURICH (Reuters) – The Swiss economy is expected to slow this year but will not slide into a recession, the government said on Tuesday, after it reported zero growth at the end of 2022. “From the current perspective I would not expect a recession,” Eric Scheidegger, the Head of the Economic Policy Directorate at the …

Swiss government says it expects economic slowdown but no recession Read More »

By Hadeel Al Sayegh DUBAI (Reuters) -Edmond de Rothschild Group, which specialises in asset management and private banking, said on Tuesday it is expanding its presence in Dubai with an advisory office as it looks to the fast-growing Middle East hub to cater to an affluent pool of clients. The Switzerland-based investment firm has obtained …

Edmond de Rothschild to open advisory office in Dubai Read More »