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By Jan Strupczewski BRUSSELS (Reuters) – All European Union governments completed on Saturday the written approval of a $60 per barrel price cap on Russian seaborne oil, the European Commission said, paving the way for its publication in the EU’s Official Journal and entry into force on Dec. 5. The measure, an idea of the …

All EU governments complete approval of Russian oil price cap Read More »

By Giuseppe Fonte and Alvise Armellini ROME (Reuters) -U.S. authorities have reassured Italy that its banks are not at risk of fines for breaching sanctions against Moscow if they help a Lukoil-owned refinery buy non-Russian oil, Italian Industry Minister Adolfo Urso said on Saturday. The reassurance should help the Sicily-based ISAB plant, which the government …

Italy secures U.S. guarantees to unlock funding for Lukoil refinery Read More »

PARIS (Reuters) -French President Emmanuel Macron said there was no reason to panic about possible power cuts this winter, but he called on citizens to use less energy and on state utility EDF to restart nuclear reactors to prevent outages in case of cold weather. In an interview with French TV station TF1 recorded during …

Macron says “no panic” about possible French power cuts Read More »

By Valentina Za MILAN (Reuters) -UniCredit will reassess the remuneration of CEO Andrea Orcel ahead of its 2023 general meeting to see if the results achieved by Italy’s second-biggest bank in 2021-2022 warrant an increase, a document on its website showed. UniCredit Chairman Pier Carlo Padoan said in an emailed comment late on Friday that …

UniCredit to assess CEO pay rise ahead of general meeting Read More »

(Reuters) – Russia “will not accept” a price cap imposed by the Group of Seven and its allies on Russian oil, state news agencies quoted the Kremlin as saying on Saturday. TASS quoted Kremlin spokesman Dmitry Peskov as saying Moscow had prepared for the price cap and was analysing it. “We will not accept this …

Kremlin ‘will not accept’ oil price cap, agencies report Read More »

(Reuters) – Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe customers of the Winklevoss twins’ crypto exchange Gemini $900 million, the Financial Times reported on Saturday. Crypto exchange Gemini is trying to recover the funds after Genesis was wrongfooted by last month’s failure of Sam Bankman-Fried’s FTX crypto group, the newspaper …

Crypto broker Genesis owes Gemini’s customers $900 million, Financial Times reports Read More »

(Reuters) – Emmanuel Macron said he had a “clear and honest” discussion with Twitter owner Elon Musk about the social media platform’s content moderation policies, just a day after the French president had flagged his concerns on the issue. “Transparent user policies, significant reinforcement of content moderation and protection of freedom of speech: efforts have …

France’s Macron discussed Twitter content rules in meeting with Musk Read More »

By Jessica DiNapoli and Jonathan Stempel NEW YORK (Reuters) – Unilever plc asked a U.S. judge to dismiss a lawsuit by Ben & Jerry’s over the sale of its Israeli ice cream business, saying the subsidiary’s “insistence on taking sides” in the Israeli-Palestinian conflict gives its board no authority to stop or even sue over …

Unilever: Ben & Jerry’s has no power to sue over Israeli ice cream sale Read More »

By Katie Paul and Sheila Dang (Reuters) -Elon Musk’s Twitter is leaning heavily on automation to moderate content, doing away with certain manual reviews and favoring restrictions on distribution rather than removing certain speech outright, its new head of trust and safety told Reuters. Twitter is also more aggressively restricting abuse-prone hashtags and search results …

Exclusive-Twitter exec says moving fast on moderation, as harmful content surges Read More »