By Corina Pons MADRID (Reuters) – Zara owner Inditex posted a 24% increase in net profit for the first nine months of its fiscal year, as price rises helped offset weakening global demand for clothing. The world’s biggest fashion retailer’s store and online sales rose 19% from a year ago, slightly faster than analysts had …
By Lawrence White LONDON (Reuters) – HSBC will no longer provide new lending or capital markets finance for new oil and gas fields, the British bank said on Wednesday, as part of a wider update to its energy policy. The bank said it will continue funding natural gas projects for now, given the global energy …
LONDON (Reuters) – Britain’s BT said on Wednesday it had submitted its new Equinox 2 wholesale fibre offer to the regulator Ofcom. The offer incentivises broadband providers, such as Sky and TalkTalk, to move their customers to BT Openreach’s growing national ultrafast network, it said. (Reporting by Paul Sandle; Editing by Kate Holton)
By Dan Peleschuk KYIV (Reuters) – Moldova’s new economy minister says he is mapping out long-term reforms and will slash bureaucracy to lay the foundations of a business-friendly economy and accelerate accession to the European Union. Dumitru Alaiba, appointed last month, faces multiple crises ranging from the economic fallout of the war in Ukraine to …
Moldova’s new economy minister pledges pro-business overhaul Read More »
By Kate Abnett and Bart H. Meijer BRUSSELS (Reuters) -European Union energy ministers meeting in Brussels on Tuesday failed to strike a final deal on a bloc-wide cap on natural gas prices, after months of debate between countries over whether the measure can ease Europe’s energy crisis. Responding to repeated requests from some countries, the …
EU delays decision on natural gas price cap, countries still at odds Read More »
(Reuters) – Air New Zealand (Air NZ) said on Wednesday it had partnered with four aircraft makers to develop zero-emission demonstrator flights by 2026, using electric, green hydrogen and hybrid technologies. The airline said it will work with Eviation, Beta, VoltAero and Cranfield Aerospace and sign a statement of intent to order, aiming to acquire …
Air New Zealand to develop zero-emission demonstrator planes with partners Read More »
By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) – Binance has registered $1.9 billion of withdrawals in the past 24 hours, blockchain data firm Nansen said on Tuesday, as the world’s biggest crypto exchange said it had “temporarily paused” withdrawals of the USDC stablecoin. How crypto exchanges such as Binance and its now-bankrupt former rival …
Binance withdrawals hit $1.9 billion in 24 hours, data firm says Read More »
By Sarah N. Lynch WASHINGTON (Reuters) -Danske Bank pleaded guilty to bank fraud conspiracy on Tuesday and agreed to forfeit $2 billion as part of an agreement with the United States to settle a long-running investigation involving billions of dollars in illicit payments. The accord with the Justice Department marks the first time the United …
Danske Bank pleads guilty to resolve long-running Estonia money-laundering probe Read More »
LONDON (Reuters) – Britain’s Co-operative Bank pension scheme has completed a 1.2 billion pound ($1.47 billion) insurance deal for all its pension members with insurer Rothesay, Rothesay said in a statement on Tuesday. In such bulk annuity deals, companies transfer the risk of their defined benefit, or final salary, pension schemes to an insurer. Industry …
Britain’s Co-op Bank pension completes $1.5 billion insurance deal-insurer Read More »
By Sybille de La Hamaide PARIS (Reuters) -French company Ynsect said on Tuesday it had signed deals to build insect ingredient production sites in the United States and in Mexico as the firm kicks off what it says will be the world’s largest insect farm. Ynsect breeds mealworms that produce proteins for aquaculture, livestock, pet …
French insect-based ingredients maker Ynsect expands in North America Read More »
