By Alexander Hübner and Christoph Steitz MUNICH/FRANKFURT (Reuters) -Private equity firm Warburg Pincus is nearing a deal to buy German software maker PSI Software in a deal worth more than 700 million euros ($813 million), two people familiar with the matter said. The transaction would value PSI at 45 euros per share, the sources said, …
MOSCOW (Reuters) -Russia on Sunday suspended until May a reduction in the fuel damper payment subsidy to oil refineries, Russian news agencies reported. The damper is a payment to refineries to encourage them to sell their product on the domestic market instead of exporting it for a higher price. According to a Kremlin decree published …
Russia suspends reduction to damper payment subsidy Read More »
LONDON (Reuters) -British finance minister Rachel Reeves plans to build up a bigger buffer against her main fiscal rule at next month’s budget in an effort to better insulate government finances from future shocks, the Sunday Telegraph reported. Reeves said in her March spring statement that her spending and tax plans would leave a 9.9 …
UK’s Reeves plans to build bigger budget buffer – Telegraph Read More »
BERLIN (Reuters) -Europe needs to build up its own digital infrastructure to reduce dependence on U.S. providers, but that does not mean turning away from them completely, Germany’s digital minister Karsten Wildberger told Reuters. Some Europeans, unsettled by U.S. President Donald Trump’s trade wars to promote U.S. interests, have begun seeking alternatives to the digital …
EU need for ‘digital sovereignty’ does not mean protectionism, German minister says Read More »
By Vallari Srivastava and Curtis Williams (Reuters) -Venture Global shares plunged nearly 25% on Friday to their lowest level in five months after it lost an arbitration case with BP over the U.S. LNG exporter’s failure to deliver on a long-term gas supply contract, stoking worries of similar verdicts in disputes with other customers seeking …
Venture Global sinks as BP’s arbitration win renews worries over pending disputes Read More »
By Rajesh Kumar Singh and Doyinsola Oladipo NEW YORK (Reuters) -In a fleet optimization move, Spirit Airlines will reject its commitment to buy 52 Airbus planes along with its options for 10 others. The aircraft orders will be taken over by aircraft lessor AerCap. This three-way agreement is part of a dispute settlement between Spirit …
Spirit Airlines cancels Airbus order in settlement with AerCap Read More »
(Reuters) -Bitcoin, the world’s largest cryptocurrency by market value, extended declines on Friday after U.S. President Donald Trump escalated his trade conflict with China. Trump on Friday said he was raising tariffs on Chinese exports to the U.S. to 100% and imposing export controls on “any and all critical software” in a reprisal to recently …
Bitcoin extends decline to $104,782 as Trump escalates US-China trade war Read More »
By Leigh Thomas PARIS (Reuters) -French Prime Minister Sebastien Lecornu, freshly reappointed late on Friday days after resigning, faces an immediate test to deliver a 2026 budget bill by Monday to give it any chance of passing through a divided parliament by year-end. Here is a look at what’s at stake: WHY LECORNU FACES A …
Explainer-Why French PM faces immediate budget challenge Read More »
By Siddhi Mahatole (Reuters) -Novo Nordisk has decided to discontinue its cell therapy research and development efforts, a spokesperson for the Danish drugmaker told Reuters on Friday. Bloomberg News first reported on the development earlier in the day, citing Danish newspaper Borsen, which said Novo was also laying off nearly all of the unit’s 250 …
Novo Nordisk shuts cell therapy unit amid restructuring Read More »
BRUSSELS (Reuters) -The European Commission is scrutinising safeguards for minors on Snapchat, YouTube, the Apple App Store and Google Play under its Digital Services Act (DSA), it said on Friday. The Commission is asking the businesses to provide information on their age verification systems, as well as on how they prevent minors from accessing illegal …
European Commission reviews child safety on Snapchat, YouTube, app stores Read More »
