Reuters UK Business

(Reuters) – British electricals retailer Currys cut its annual profit outlook on Thursday after reporting a half-year loss, weighed down by its international markets as a deepening cost-of-living crisis forces customers to cut down on spending. The company, which operates in the UK, Ireland and the Nordic region among other markets, said it now expected …

UK retailer Currys cuts annual profit outlook after half-year loss Read More »

By Francois Murphy VIENNA (Reuters) – The Austrian Mint, one of the world’s oldest and biggest producers of gold bullion coins, is unable to keep up with demand as people rush to find a safe haven for their money amid surging inflation and economic fears caused by war in Ukraine. “Demand for gold has never …

Inflation, uncertainty fuel new gold rush at ancient Austrian Mint Read More »

(Reuters) -Moldova plans to sue Russia’s Gazprom for failing to fulfill its obligations under a contract to supply gas, Germany’s Deutsche Welle agency cited a senior official as saying on Wednesday. “They simply ignore their obligations. And they will pay for it,” Deputy Prime Minister Andrei Spinu told the agency, saying that Moldova had been …

Moldova plans to sue Russia’s Gazprom for failure to stick to contract -deputy PM Read More »

By Dietrich Knauth (Reuters) -Lawyers for the bankrupt crypto exchange FTX on Wednesday opposed a demand for internal records from an insolvent affiliate based in the Bahamas, saying they “do not trust” the Bahamian government with data that could be used to siphon off assets from the bankrupt company. Liquidators of FTX’s Bahamian business, FTX …

FTX’s bankruptcy lawyers say they “do not trust” Bahamas government Read More »

PARIS (Reuters) -French broadcasting authority Arcom on Wednesday urged satellite company Eutelsat to stop carrying three Russian TV channels, whose coverage of the war in Ukraine included “repeated incitement to hatred and violence and numerous shortcomings in honesty of information.” Arcom said it told Eutelsat to stop broadcasting Rossiya 1, Perviy Kanal and NTV. A …

French TV regulator urges Eutelsat to stop broadcasting three Russian channels Read More »

By Pablo Mayo Cerqueiro and Hadeel Al Sayegh (Reuters) – Barclays is exploring a return to Saudi Arabia in a bid to capture a slice of the country’s burgeoning capital markets, two people close to the matter told Reuters. The British bank is looking at securing a license in the kingdom to be able to …

Barclays weighs Saudi re-entry amid capital markets boom – sources Read More »

BRUSSELS (Reuters) – German Chancellor Olaf Scholz on Wednesday countered proposals for a European Sovereignty Fund by arguing there was still money available from prior European support packages that should be used up first. “First of all, there are quite a lot of funds that have not been disbursed yet…this is the beauty of the …

Scholz on Sovereignty Fund: Use money from existing packages first Read More »

FRANKFURT (Reuters) – The German reinsurer Munich Re said on Wednesday that it expects net profit of around 4 billion euros ($4.26 billion) in 2023. Munich Re said that the forecast was based on new accounting standards, known as IFRS 17. As a result, there is no market consensus or comparable figures published, Munich Re …

Munich Re sees 2023 net profit of around 4 billion euros Read More »