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Russian oil supplies to Slovakia may resume as soon as today, Slovak minister says

25 Aug 2025

(Reuters) -Russian oil supplies to Slovakia through the Druzhba pipeline, interrupted last Thursday after a Ukrainian attack in Russia, may resume as soon as Monday under the best-case scenario, Slovak Economy Minister Denisa Sakova said. Russia and Ukraine have stepped up attacks on each other’s energy infrastructure, hitting Ukrainian domestic heating supplies, Russia’s Druzhba pipeline …

Russian oil supplies to Slovakia may resume as soon as today, Slovak minister says Read More »

Berlin renews opposition to UniCredit’s Commerzbank approach

25 Aug 2025

BERLIN (Reuters) -The German government continues to oppose UniCredit’s plans to take over Commerzbank, a finance ministry spokesperson said on Monday, adding that the deal overtures were “uncoordinated and unfriendly”. She added Berlin would not sell its shares in the German lender. Italy’s UniCredit said on Monday it had increased its voting rights in Commerzbank …

Berlin renews opposition to UniCredit’s Commerzbank approach Read More »

Coca-Cola explores sale of Costa Coffee, source says

25 Aug 2025

(Reuters) -U.S. soft drinks company Coca-Cola is working with investment bank Lazard to review options, including a potential sale, of British coffee chain Costa, a source familiar with the matter told Reuters on Sunday. Coca-Cola did not immediately respond to a request for a comment outside regular business hours. Costa, and Lazard did not immediately …

Coca-Cola explores sale of Costa Coffee, source says Read More »

Porsche scraps battery production plans at Cellforce unit

25 Aug 2025

By Christina Amann BERLIN (Reuters) -German carmaker Porsche AG has scrapped plans to produce high-performance batteries at its Cellforce unit, citing slow demand for electric vehicles and changed conditions in China and the United States. The move, which according to a person familiar with the matter will see about 200 of the nearly 300 jobs …

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Nervous Swiss ready Trump sweetened offer for tariff pain relief

25 Aug 2025

By Dave Graham ZURICH (Reuters) -Switzerland soon hopes to finalise a new business offer for Washington to ease its tariff burden, which will likely include more defence spending and greater access for U.S. energy interests, two people familiar with the matter said. Switzerland was stunned when U.S. President Donald Trump this month hit it with …

Nervous Swiss ready Trump sweetened offer for tariff pain relief Read More »

Major brokerages pivot to Sept Fed rate cut on Powell’s labor warning

25 Aug 2025

By Rashika Singh (Reuters) -Major brokerages, including Barclays, BNP Paribas and Deutsche Bank, now expect a 25-basis-point U.S. Federal Reserve rate cut in September following Chair Jerome Powell’s shift in tone at Jackson Hole toward rising risks in the labor market. Powell’s remarks at the Jackson Hole symposium emphasized a change in the Fed’s reaction …

Major brokerages pivot to Sept Fed rate cut on Powell’s labor warning Read More »

Did Trump save Intel? Not really

25 Aug 2025

By Jaspreet Singh, Max A. Cherney and Sayantani Ghosh SAN FRANCISCO (Reuters) -U.S. President Donald Trump is injecting nearly $9 billion into Intel in exchange for a 9.9% equity stake. But the money – which the struggling chipmaker was slated to receive anyway under a federal funding act – will not be enough for its contract-chipmaking …

Did Trump save Intel? Not really Read More »

Italy’s UniCredit boosts equity stake in Commerzbank to 26%

25 Aug 2025

MILAN (Reuters) -UniCredit said on Monday it had increased its voting rights in Commerzbank to about 26% by converting more of its synthetic position into physical shares, bolstering the Italian bank’s position as Commerzbank’s biggest shareholder. UniCredit added that its remaining synthetic position should be converted into physical shares in due course, taking its total …

Italy’s UniCredit boosts equity stake in Commerzbank to 26% Read More »

Ukrainian farmers call for lifting of ban on nitrogen fertiliser imports by sea

25 Aug 2025

KYIV (Reuters) -Ukraine’s biggest farming union called on the government on Monday to lift a wartime ban on nitrogen fertiliser imports at the country’s maritime ports, warning that yields in the country’s key grains crop could suffer due to shortages. At the beginning of the war with Russia, Ukraine cited security reasons for the seaport …

Ukrainian farmers call for lifting of ban on nitrogen fertiliser imports by sea Read More »

Dutch online bank Bunq fined for failures in money laundering controls

25 Aug 2025

AMSTERDAM (Reuters) -Dutch online bank Bunq has received a 2.6 million euro ($3.04 million) fine for failures in its money laundering controls, Dutch central bank DNB said on Monday. Bunq said it disagreed with DNB’s decision, to which it has formally objected. DNB said Bunq was fined in May for “serious shortcomings” in four cases …

Dutch online bank Bunq fined for failures in money laundering controls Read More »

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