(Reuters) -Twitter Inc said on Monday it has breached none of the obligations under a merger agreement with Tesla Inc Chief Executive Officer Elon Musk. Musk said on Friday he would seek to end his $44 billion deal because the social media company had breached multiple provisions of the agreement. (Reporting by Chavi Mehta in …
Twitter says it has not breached merger agreement with Elon Musk Read More »
LONDON (Reuters) – Sajid Javid, a contender to replace Boris Johnson as Britain’s prime minister, said on Monday he would cut a slew of taxes and hold an emergency budget to increase help for households hit by the rising cost of living if he was chosen as leader. Javid, a former finance minister and health …
UK’s Javid sets out tax-cutting plan in pitch to be PM Read More »
LONDON (Reuters) – Former finance minister Rishi Sunak will set out his stall to be Britain’s next prime minister on Tuesday, vowing to tackle soaring inflation before joining his Conservative Party rivals in promising tax cuts. Sunak quit as finance minister last week, presaging the downfall of Boris Johnson who days later said he would …
Ex-finance minister Sunak vows to tackle inflation in pitch to be UK PM Read More »
By Muhammed Husain (Reuters) -Transport operator Go-Ahead Group on Monday delivered an upbeat assessment for 2022 ahead of a potential takeover, as it anticipated a busy summer with more passengers travelling on its buses and trains. The British company agreed last month to be bought by a consortium of Australia’s Kinetic Holding Co and Spain-based …
Britain’s Go-Ahead predicts upbeat 2022 as passenger numbers recover Read More »
MILAN (Reuters) – Italian bank lending to businesses rose in May compared to the previous month, data from the Bank of Italy showed on Monday. A monthly report on the balance sheets of domestic banks showed loans to non-financial companies increased by 2.3% year-on-year in May from a 1.8% rise in April. The data also …
VIENNA (Reuters) – Austrian oil and gas company OMV said on Monday it is receiving roughly 70% less natural gas than it ordered after the biggest pipeline carrying Russian gas to Germany began annual maintenance, reducing flows to Europe. A spokesman for OMV confirmed a figure first reported by Austrian news agency APA. Austria relies …
Austria’s OMV is receiving roughly 70% less gas than ordered, it says Read More »
By Vera Eckert and Tom Sims FRANKFURT (Reuters) – The flow of gas from Russia to Germany through the Nord Stream 1 pipeline stopped on Monday as a planned 10-day maintenance period began. The question is: Will flows then resume? Germany, Europe’s largest economy, is largely dependent on Russian gas to fuel its export-led economy …
Germany’s gas crisis in charts: Pipeline repair, and then what? Read More »
MILAN (Reuters) -Italian energy group Eni said it will receive about a third less gas from Russia’s Gazprom on Monday compared to the average volumes supplied over the last few days. The Nord Stream 1 pipeline which transports gas from Russia to Germany has entered a planned maintenance shutdown, prompting concerns about gas supplies to …
Eni to receive reduced gas volumes from Gazprom on Monday Read More »
By Andrius Sytas VILNIUS (Reuters) -Lithuania on Monday expanded restrictions on trade through its territory to Russia’s Baltic exclave of Kaliningrad, as phase-ins on earlier-announced European Union sanctions against Moscow over its invasion of Ukraine took effect. Additional goods barred from Monday morning include concrete, wood, alcohol and alcohol-based industrial chemicals, a spokesperson for Lithuanian …
Lithuania widens curbs on Kaliningrad trade despite Russian warning Read More »
BERLIN (Reuters) – Mercedes-Benz sales fell sharply in the second quarter, hampered by supply issues and coronavirus-related lockdown measures in China, the carmaker said on Monday. The automaker delivered 490,000 passenger cars from April to June, down 16% from the same period last year, it said. Sales in Asia fell 20%, due mainly to lockdown …
Mercedes sales slump in Q2 as chip crisis continues Read More »
