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(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – The Russian rouble firmed slightly on Tuesday after initially easing beyond 60 against the dollar, while shares in leading internet firm Yandex outperformed the market after the company said it was selling some assets to …

Rouble steadies near 60 vs dollar, Yandex shares outperform market Read More »

BERLIN (Reuters) – Volkswagen aims to enter the mining business in Canada to ensure its raw material supply for battery production, a board member for the German carmaker told Handelsblatt daily. “We are not opening any mines of our own, but we want to acquire stakes in Canadian mines and mine operators,” Thomas Schmall told …

VW aims to take stakes in Canadian mines, mine operators – Handelsblatt Read More »

(Reuters) -German utility Uniper SE on Monday said it will start producing electricity for the market at its Heyden 4 hard-coal-fired power plant as a three-day halt in Russia’s gas supplies to Europe may cause disruptions to power supply. Heyden 4 will start producing electricity from Aug. 29, until April 30, 2023, the utility said …

Germany’s Uniper to restart coal-fired power plant as Gazprom halts supply to Europe Read More »

By Andreas Rinke and Steve Scherer MONTREAL (Reuters) -Russia’s invasion of Ukraine is bringing Canada and Germany closer together, with Canada seeking to boost energy and critical mineral exports to Germany as both countries wean themselves off fossil fuels, Canadian and German leaders said on Monday. German Chancellor Olaf Scholz met with Canadian Prime Minister …

Germany, Canada to boost energy, mineral ties as they decarbonize Read More »

By Jessica DiNapoli and Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Monday rejected Ben & Jerry’s attempt to stop its parent Unilever Plc from allowing its ice cream to be sold in the Israeli-occupied West Bank, which Ben & Jerry’s said undermined its values. U.S. District Judge Andrew Carter in Manhattan said Ben …

Ben & Jerry’s loses bid to halt sales in West Bank Read More »

By Anisha Sircar and Medha Singh (Reuters) -AMC Entertainment Holdings’ shares tumbled nearly 30% on Monday after UK-based Cineworld’s warning of a possible bankruptcy spooked investors on the same day the American cinema chain’s preferred stock listing began trading. AMC’s preferred stock, trading under the ticker “APE”, opened at $6.95 on the New York Stock …

AMC falls after Cineworld’s bankruptcy warning on day ‘APE’ starts trading Read More »

LONDON (Reuters) – Britain recorded its biggest fall in output in more than 300 years in 2020 when it faced the brunt of the COVID-19 pandemic, as well as a larger decline than any other major economy, updated official figures showed on Monday. Gross domestic product fell by 11.0% in 2020, the Office for National …

UK economy shrank record 11% in 2020, worst since 1709 Read More »

By Joice Alves LONDON (Reuters) – Sterling fell to its lowest since mid-July against the dollar on Monday as surging energy costs and a summer of strikes highlighted the UK cost of living crisis and intensified fears for further economic slowdown. Amid worries around Britain’s surging inflation and declining economy, sterling recorded its biggest weekly …

Britain’s cost of living crisis sends sterling to lowest since mid-July Read More »