By Daren Butler and Can Sezer ISTANBUL (Reuters) -Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil revenues as the number of tankers waiting to exit the Black Sea through Turkish straits continued to rise on Friday. Ankara has declined to scrap a new insurance inspection …
Turkey oil tanker logjam snarls Russia oil sanctions Read More »
(Reuters) – Rating agency Fitch maintained United Kingdom’s sovereign debt rating at “AA-” on Friday, citing Prime Minister Rishi Sunak’s macroeconomic policy framework, deep capital markets and the sterling’s international reserve currency status. The agency affirmed its outlook for the country at “negative”, due to high public and external debt, as well as rising energy …
(Reuters) – The world’s top central banks dominate the agenda next week with indications abounding that the aggressive pace of rate hikes might slow, but not yet fade away given price pressures. China publishes key economic data as Beijing loosens some of its strict COVID-19 shackles, while PMIs will provide a health check for the …
By Mimosa Spencer and Dominique Vidalon PARIS (Reuters) -Antoine Arnault, LVMH chairman Bernard Arnault’s eldest son, was on Friday named chief executive of family holding company Christian Dior SE, replacing veteran executive Sidney Toledano and stirring speculations of succession at the group. Christian Dior is a listed company that owns the bulk of the Arnault …
LVMH chairman’s son Antoine Arnault to head family holding Christian Dior SE Read More »
By Sheila Dang (Reuters) – Twitter Inc will roll out new controls as soon as next week to let companies prevent their ads from appearing above or below tweets containing certain keywords, the social media platform told advertisers in an email on Thursday. The new controls are part of Twitter’s effort to reassure and lure …
Exclusive-Twitter to introduce new controls for ad placements -email Read More »
By David Shepardson and Ben Klayman WASHINGTON/DETROIT (Reuters) -Chrysler parent Stellantis on Friday said it will indefinitely halt operations at an assembly plant in Illinois in February, citing the rising costs of electric vehicle production. The automaker, which employs about 1,350 workers at the Belvidere, Illinois, plant that builds the Jeep Cherokee SUV, said the …
Stellantis to indefinitely idle Illinois plant, cites EV costs Read More »
By Kate Abnett and Jan Lopatka PRAGUE/BRUSSELS (Reuters) – European Union countries are preparing for extraordinary negotiations on Saturday aimed at finalising a deal on a gas price cap that has divided the 27-country bloc. EU states have debated for months whether capping gas prices would help or harm their attempts to contain an energy …
EU states gear up for talks on gas price cap, but compromise elusive Read More »
OSLO (Reuters) -Norway’s Reitan Retail said on Friday it had agreed to buy 114 Danish grocery stores and three distribution centres from German rival Aldi for an undisclosed amount, boosting the Norwegian group’s chain of Rema 1000 discount stores. “This will significantly lift our Danish revenue and should make Rema 1000 the largest chain of …
Norway’s Reitan Retail buys 114 Danish stores from Germany’s Aldi Read More »
MILAN (Reuters) – The founding family of Italian luxury shoemaker Tod’s said it was ditching a plan to delist the company after its initial buyout failed to meet the required threshold of support. DeVa Finance, the holding company of the founding Della Valle family, said it would not proceed with an operation that could be …
By Vladimir Soldatkin and Guy Faulconbridge MOSCOW (Reuters) -Russia, the world’s biggest exporter of energy, could cut oil production and will refuse to sell oil to any country that imposes the West’s “stupid” price cap on Russian oil, President Vladimir Putin said on Friday. The Group of Seven major powers, the European Union and Australia …
Putin says Russia could cut oil production over West’s ‘stupid’ price cap Read More »
