By Sabrina Valle (Reuters) – U.S. oil major Exxon Mobil Corp is suing the European Union in a bid to force it to scrap the bloc’s new windfall tax on oil groups, arguing Brussels exceeded its legal authority by imposing the levy. Record profits this year by oil companies benefiting from high energy prices have …
Exxon sues EU in move to block new windfall tax on oil companies Read More »
ROME (Reuters) -Italy’s antitrust regulator has opened an inquiry into possible price-fixing for flights in and out of Sicily by airlines including Ryanair, Wizz Air and easyJet. The investigation follows a complaint by consumer group Codacons, which alleged “a specific collusive will” of airlines to raise prices for domestic flights to and from Sicily during …
Ryanair, Wizz Air and easyJet face Italy inquiry over Sicily flight prices Read More »
By Johann M Cherian and Shristi Achar A (Reuters) -London’s internationally focussed FTSE 100 gained on Wednesday as China’s dismantling of COVID-19 restrictions pushed miners and banks higher, while the index still remained cautious of surging COVID cases. The large-cap FTSE 100 the mid-cap FTSE 250 added 0.3% each. China scrapped its quarantine rules for …
China-exposed miners, banks push UK’s FTSE 100 higher Read More »
By Bansari Mayur Kamdar (Reuters) -European shares closed lower on Wednesday, weighed down by declines in energy stocks, while Britain’s FTSE 100 outpaced peers after a Christmas holiday as investors assessed Beijing’s steps towards reopening its COVID-battered economy. The region-wide STOXX 600 dipped 0.1%, while the FTSE 100 advanced 0.3% as miners and China-exposed stocks …
European shares end lower, Britain outpaces as China-exposed miners jump Read More »
(Reuters) -DP Eurasia, which runs the Domino’s Pizza brand in Turkey and Russia, said on Wednesday it was considering options for its Russian operations, including a divestment. It added the work on a potential transaction was ongoing and there could be no certainty as to the outcome. “DP Eurasia is evaluating its presence in Russia, …
Pizza firm DP Eurasia considers divestment of Russian business Read More »
(Reuters) – The head of Russia’s state-controlled airline Aeroflot called on the Russian government to “balance the interests” of Russian and foreign airlines in order to support the domestic aviation sector, in an interview with Russian news site RBC published on Wednesday. In the interview, Aeroflot CEO Sergei Alexandrovsky said it is “important that the …
Aeroflot boss cals for ‘state protectionism’ to defend Russian aviation Read More »
MOSCOW (Reuters) – The rouble weakened on Wednesday, sliding past the 71 mark against the dollar, as sanctions on Russian oil and their probable impact on export revenues put pressure on the Russian currency. The rouble lost about 8% against the dollar last week and is on course for a hefty monthly decline after an …
Russian rouble slips again as volatile year-end trade continues Read More »
MUNICH (Reuters) -Infineon is ready to spend several billion euros on the right takeover target as it searches for acquisitions, Chief Executive Jochen Hanebeck said in an interview published on Wednesday. The German chip maker is constantly “on the lookout” for suitable companies, Hanebeck told Frankfurter Allgemeine Zeitung (FAZ). “I see it in the range …
Infineon ready to spend billions on acquisitions – CEO Read More »
MILAN (Reuters) – Nexi and Telecom Italia’s Olivetti have teamed up to provide advanced electronic payment solutions to businesses, the companies said on Tuesday. Under the accord, Nexi’s payment systems will be built into Olivetti’s cash registers, they said in a joint statement, with the companies also planning to develop and sell integrated tax and …
Italy’s Nexi signs digital payments deal with TIM’s Olivetti Read More »
By Alexander Marrow and Vladimir Soldatkin MOSCOW (Reuters) -President Vladimir Putin on Tuesday delivered Russia’s long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb. 1 for five months to nations that abide by the cap. The Group of Seven major powers, the …
Putin bans Russian oil exports to countries that implement price cap Read More »
