By Tom Hals and Anirban Sen WILMINGTON, Del. (Reuters) -Elon Musk and Twitter Inc may reach an agreement to end their litigation as soon as Wednesday and clear the way for the world’s richest person to close his $44 billion deal for the social media platform, a source familiar with the litigation told Reuters. Musk, …
Musk, Twitter may reach deal to end court battle as early as Wednesday -source Read More »
By Andreas Rinke and Belén Carreño LA CORUNA (Reuters) -At a time of a shifting balance of power within Europe, Spain and Germany’s leaders vowed on Wednesday to strengthen their alliance and doubled down on their plan to build a new Pyrenean gas pipeline despite opposition from mutual neighbor France. German Chancellor Olaf Scholz and …
Spain and Germany strengthen alliance and pressure France to build gas pipeline Read More »
By Ahmad Ghaddar, Alex Lawler and Rowena Edwards VIENNA/LONDON (Reuters) – OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted. OPEC’s de-facto leader Saudi Arabia said the cut of 2 million …
OPEC+ agrees deep oil production cuts, Biden calls it shortsighted Read More »
BERLIN (Reuters) – German Chancellor Olaf Scholz said on Wednesday he did not have the impression France had ruled out building a gas pipeline across the Pyrenees and said he firmly believed Europe needed more energy connections. “We do not have the impression it has been ruled out,” Scholz said after a meeting with Spanish …
Scholz says France does not seem to have ruled out Pyrenean pipeline Read More »
By Forrest Crellin PARIS (Reuters) -France has tapped its strategic fuel reserves to resupply petrol stations that have run dry, the government said on Wednesday, amid strikes by workers at refineries and depots that have stunted production and blocked deliveries. Government spokesman Olivier Veran acknowledged “tensions” but said there was no shortage of fuel stocks …
France taps strategic fuel reserves as refinery strike grinds on Read More »
MILAN (Reuters) – Gazprom will partly meet a request for gas coming from Italy’s biggest importer of Russian fuel Eni for Thursday, Eni said in a message on GME platform. The Italian group expects the same Gazprom behaviour for the following days, it added. (Reporting by Francesca Landini; Editing by Chris Reese)
By Johann M Cherian and Devik Jain (Reuters) – The main UK stock indexes snapped a three-session winning streak on Wednesday, dragged down by financials and miners, while Tesco’s profit forecast fanned worries of a worsening cost-of-living crisis in Britain and rattled the retail sector. The export-oriented FTSE 100 ended 0.5% lower, while the more …
London stocks slide after three-day rally; Tesco falls on forecast cut Read More »
By Elizabeth Piper, Alistair Smout and Andrew MacAskill BIRMINGHAM, England (Reuters) -Prime Minister Liz Truss sought on Wednesday to restore her authority following a chaotic first month in power, urging her Conservative Party to trust her to secure economic growth and steer Britain through “stormy days” ahead. Addressing Conservative lawmakers and members at an annual …
UK’s Truss seeks to rebuild her authority at fractious party conference Read More »
By Andy Bruce LONDON (Reuters) -Britain’s private-sector economy last month suffered the sharpest contraction in activity since a COVID lockdown early last year, underlining the challenge facing Prime Minister Liz Truss who on Wednesday emphasised her push for economic growth. The final version of the S&P Global UK Composite Purchasing Managers’ Index fell to 49.1 …
UK business activity slides in September by most since early 2021 Read More »
By Anshuman Daga SINGAPORE (Reuters) – The deputy head of Credit Suisse’s Asia-Pacific wealth management business Young Jin Yee has resigned, according to a company memo reviewed by Reuters and confirmed by a spokesperson for the Swiss bank. The departure comes at a time when concerns about Credit Suisse’s ability to restructure its business without …
Credit Suisse’s deputy head of Asia wealth business resigns Read More »
