MOSCOW (Reuters) -Russian state oil and gas revenue is set to fall in July by around 37% from the same month in 2024 to 680 billion roubles ($8.66 billion) due to cheaper oil and a stronger local currency, Reuters calculations show. Oil and gas revenue has been the most important source of cash for the …
(Reuters) -World Trade Organization arbitrators on Monday reversed part of a previous panel decision that had rejected the European Union’s claims that China had violated the global watchdog’s rules on intellectual property. In April, a WTO panel rejected the EU’s complaint, lodged in 2022, that China had violated the global watchdog’s IP rules over patents …
WTO reverses parts of previous decision in EU-China intellectual property dispute Read More »
(Reuters) -Luxembourg-based European satellite company SES announced on Tuesday the appointment of David Broadbent as president and CEO of its Space & Defense Organization. He previously held a similar position at Intelsat, which SES acquired on July 17. WHY IT’S IMPORTANT Broadbent will lead the merged government and defence divisions of SES and Intelsat, which …
David Broadbent appointed CEO of Europe’s SES Space & Defense Read More »
BERLIN (Reuters) -Start-up Vulcan has received 104 million euros ($122 million) in German government grants to produce clean lithium, it said on Tuesday, as Berlin aims to boost electric vehicle output and reduce reliance on raw material imports. The grants, issued by the federal government and states of Rhineland-Palatinate and Hesse, will go towards a …
Germany gives Vulcan Energy 104 million euros to produce clean lithium Read More »
(Reuters) -Ad group Interpublic surpassed analysts’ estimates for second-quarter revenue and profit on Tuesday, thanks to resilient marketing spend from clients, sending its shares up nearly 5%. The results are the latest sign that ad spending is holding firm in an uncertain economy, after French ad giant Publicis and Omnicom also reported upbeat earnings. Increasing …
Ad firm Interpublic beats quarterly estimates on resilient client spending Read More »
(Reuters) -Retail investors in Belgium were net sellers of shares in the last three months, a period marked by high uncertainty over U.S. President Donald Trump’s tariffs, said the Belgian Financial Services and Markets Authority (FSMA) on Tuesday. WHY IT’S IMPORTANT: The data highlights how uncertainty over Trump’s tariffs has caused many retail investors to …
By Ahmed Aboulenein and Maggie Fick WASHINGTON (Reuters) -AstraZeneca plans to spend $50 billion to expand manufacturing and research capabilities in the U.S. by 2030, it said on Monday, the latest big investment by a pharmaceutical company reacting to President Donald Trump’s tariff policy. The investment will fund a new drug manufacturing facility in Virginia …
AstraZeneca unveils $50 billion US investment as pharma tariff threat looms Read More »
PARIS (Reuters) -Elon Musk’s X on Monday accused French prosecutors of launching a “politically-motivated criminal investigation” that threatens its users’ free speech, denying all allegations against it and saying it would not cooperate with the probe. Earlier this month, Paris prosecutors stepped up a preliminary probe into the social media platform for suspected algorithmic bias …
Musk’s X says it won’t cooperate with ‘politically motivated’ French probe Read More »
By Javi West Larrañaga and Marleen Kaesebier (Reuters) -The outlook for European corporate health has slightly improved, the latest earnings forecasts showed on Tuesday, despite continued uncertainty over global trade and the European Union preparing for counter-measures against any major U.S. tariffs. European companies are expected to report a drop of 0.3% in second-quarter earnings, …
European second-quarter corporate profits expected to fall 0.3% Read More »
By Robert Harvey LONDON (Reuters) -Britain’s insolvent Lindsey oil refinery will close down after no buyers were found for the site, Energy Minister Michael Shanks said in a statement on Monday. The refinery was placed into the hands of an official receiver after its owner Prax fell into insolvency at the end of last month. …
Britain’s Lindsey oil refinery to close after no buyer found Read More »
