(Reuters) -U.S. oil major Exxon Mobil has no plans to resume operations in Russia, Chief Executive Darren Woods told the Financial Times in an interview on Thursday. The company pulled out of Russia in 2022 after Western sanctions were imposed over Moscow’s invasion of Ukraine, writing off billions of dollars from its exit. Exxon executives …
Exxon Mobil has ‘no plans’ to re-enter Russia, Financial Times reports Read More »
MOSCOW (Reuters) -Russia’s state oil and gas sales in September are set to fall by around 23% from a year earlier on lower prices and a stronger rouble, Reuters calculations show, hitting Moscow’s biggest source of revenue. The projected decline comes as President Vladimir Putin and his economic officials are preparing Russia’s 2026 budget while …
Exclusive-Russia’s September oil and gas budget revenue seen falling 23% Read More »
(Reuters) -Meta Platforms has been in talks in recent months with media firms including Axel Springer, Fox Corp and News Corp to license news content for integration into its AI products, the Wall Street Journal reported on Thursday. The discussions have centred on licensing news and other material for use in Meta’s AI products, though …
Meta in talks with Axel Springer, Fox and others on AI news licensing, WSJ reports Read More »
By Emma-Victoria Farr FRANKFURT (Reuters) – Auto parts and components supplier Aumovio, spun off from German tyre maker Continental, listed on the Frankfurt Stock Exchange on Thursday with a total market value of about 3.5 billion euros ($4.14 billion). The spin-off is part of the Hanover-based parent company’s strategy to increase its profitability by breaking …
Continental’s Aumovio valued at $4.1 billion in Frankfurt market debut Read More »
By Inti Landauro, Andres Gonzalez, Joanna Plucinska and Ceyda Caglayan SEVILLE/LONDON/ISTANBUL (Reuters) -Turkish Airlines’ surprise deal for a stake in Spanish carrier Air Europa, outlasting European rivals Lufthansa and Air France-KLM, was in large part down to its willingness to share control of the carrier with the airline’s Hidalgo family owners, four sources told Reuters. …
Exclusive-Turkey’s surprise Air Europa deal came down to one key thing: control Read More »
(Reuters) -About 3,000 UK workers employed by Italian defence firm Leonardo are set to vote for strike action after rejecting a pay offer across multiple cities, British trade union Unite said on Thursday. The ballot at sites in Yeovil, Edinburgh, Newcastle, Luton and Basildon will run until early October, the union added. (Reporting by Prerna …
Leonardo’s UK workers to vote on strike action, union says Read More »
By Abigail Summerville -U.S. President Donald Trump’s trade war is helping to push U.S. clothing and footwear acquisitions to all-time highs this year, with some companies merging to help offset tariff costs while others go private to weather the next 3-1/2 years of his presidency outside of the public market, dealmakers say. Popular sneaker company Skechers …
From Skechers to Foot Locker: Tariff chaos spurs record-high footwear, apparel deals Read More »
ZURICH (Reuters) -Swiss goods exports to the United States dropped by more than a fifth in August, the month in which President Donald Trump imposed 39% tariffs on the country, official data showed on Thursday. When adjusted for seasonal swings, total Swiss exports were down 1% compared to the previous month in nominal terms, and …
Swiss exports to US drop over a fifth after Trump tariffs Read More »
(Reuters) – British food delivery firm Deliveroo said on Thursday founder and CEO Will Shu will step down once its takeover by U.S. rival DoorDash takes effect. U.S. meal delivery firm DoorDash in May agreed to buy Deliveroo in a deal valuing the British rival at about 2.9 billion pounds ($3.96 billion), banking on their …
Deliveroo CEO Will Shu to step down after DoorDash takeover Read More »
MILAN (Reuters) -Mediobanca’s CEO Alberto Nagel, poised to step down after losing the battle to resist a takeover bid from Monte dei Paschi di Siena, thanked the bank’s staff in a farewell letter on Thursday. Nagel writes “I will never be able to thank you enough for giving me the privilege of working with you,” …
Mediobanca’s outgoing CEO sends farewell letter to bank’s staff Read More »
