Reuters UK Business

By Jonathan Saul, Elisa Anzolin and Francesca Landini LONDON/MILAN (Reuters) – Sixty-five years after Aristotle Onassis founded Greece’s Olympic Airways, another shipping entrepreneur is planning to take to the skies – this time in Italy, where Gianluigi Aponte’s MSC has its sights on the successor company to Alitalia. The 81-year-old, known as “the captain” after …

A new Onassis? Italy’s sea captain swoops on reborn Alitalia Read More »

By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) -Pesticide and seed producer Bayer said on Monday a supplier of an ingredient for its widely used herbicide glyphosate has run into technical problems which may hamper Bayer’s output of the product in the short term. The “mechanical failure” at Bayer’s supplier comes in addition to a …

Bayer says production of weedkiller glyphosate may be curtailed Read More »

By Sachin Ravikumar (Reuters) -Britain fined sportswear retailers JD Sports and Footasylum on Monday, saying meetings between their bosses breached an order that barred the two merged companies from integrating further. JD, Britain’s largest sportswear retailer, and Footasylum have been fined a combined 4.7 million pounds ($6.4 million), Britain’s Competition and Markets Authority (CMA) said. …

Britain fines JD Sports, Footasylum as CEO meetings breach order Read More »

LONDON (Reuters) -European banks are providing billions of dollars of funding to expand oil and gas production, a report on Monday showed, despite International Energy Agency guidance against new facilities in order to slow global warming. Last year, 25 of the region’s leading banks collectively provided $55 billion to energy companies planning to expand oil …

Europe’s banks fund oil and gas expansion despite IEA warning -report Read More »

BERLIN (Reuters) – The Finance Ministers of the G7 group of large western economies on Monday warned Russia of “massive” economic consequences if it chose to invade Ukraine, to whose economy they also promised swift and decisive support. “The ongoing Russian military build-up at Ukraine’s borders is a cause for grave concern. We, the G7 …

G7 finance ministers warn Moscow of “massive” economic consequences to Ukraine attack Read More »

LONDON (Reuters) – British tax authorities said on Monday they had made their first seizure of non-fungible tokens in a crackdown on suspected criminal activity to hide money. Her Majesty’s Revenue & Customs seized three NFTs after investigating an attempt to defraud the public coffers of 1.4 million pounds ($1.9 million). Around 5,000 pounds worth …

UK makes first seizure of NFTs in tax crackdown Read More »

OSLO (Reuters) -Norwegian oil and gas firm Vaar Energi, a spin-off from Italy’s Eni, said its planned stock market listing in Oslo will value the company at 70 billion crowns ($7.8 billion), the low end of the company’s intended range. Eni last month announced its intention to float https://www.reuters.com/article/eni-vaar-ipo-idUSKBN2JY0DK Vaar on Euronext’s Norwegian stock market, …

Eni spin-off Vaar Energi priced at bottom of IPO range Read More »