Reuters UK Business

(Reuters) -Russia’s leading tanker group Sovcomflot plunged to a net loss of $393 million in the first quarter, blaming the slump on new Western sanctions that have led to operational problems, lower revenues and some sanctioned vessels sitting idle.  The United States and the European Union imposed sanctions on Sovcomflot and its fleet in 2024 …

Russia’s sanctioned tanker group Sovcomflot plunges to $393 million loss Read More »

BUDAPEST (Reuters) -The European Union’s plan to ban Russian energy imports must be prevented “by all means”, Hungarian Prime Minister Viktor Orban told state radio on Friday.   The European Commission will next month propose legal measures to phase out the EU’s imports of all Russian gas and liquefied natural gas by the end of 2027, …

Hungary’s Orban says EU plan to ban Russian energy imports must be prevented Read More »

By Andy Bruce MANCHESTER, England (Reuters) -Sunny weather boosted British retail sales in April and households grew cheerier this month, according to figures published on Friday that suggested consumers might be a bright spot in an otherwise drab outlook for the economy. Retail sales volumes jumped in April by a much stronger than expected 1.2% …

UK retail sales jump in April, helped by sunny weather Read More »

By Echo Wang, Linda So and Milana Vinn (Reuters) -OnlyFans owner Fenix International Ltd is in talks to sell the porn-driven company to an investor group at a valuation of around $8 billion, three sources familiar with the matter told Reuters.The group is led by the Forest Road Company, a Los Angeles-based investment firm, the …

Exclusive-OnlyFans owner in talks to sell to investor group at about $8 billion value, sources say Read More »

A look at the day ahead in European and global markets from Ankur Banerjee After a volatile week when markets zeroed in on major economies’ precarious fiscal health, with a sell-off in Treasuries and government bonds from Japan and Britain, fixed income investors are now setting the broader market agenda. Lacklustre bond auctions in Japan …

Morning Bid: Bond markets in the driver’s seat Read More »

By Jody Godoy (Reuters) – The U.S. Federal Trade Commission dropped a case that sought to block Microsoft’s $69 billion purchase of “Call of Duty” maker Activision Blizzard, saying on Thursday that pursuing the case against the long-closed deal was not in the public interest. FTC Chairman Andrew Ferguson is seeking to use the agency’s …

FTC drops case over Microsoft’s $69 billion Activision Blizzard deal Read More »

By Daina Beth Solomon and Clara Denina SANTIAGO (Reuters) -Global miner Rio Tinto will tackle one of the biggest technological challenges in the lithium industry as it takes the lead in Chile’s first major projects involving the battery metal in years, alongside state-run mining companies Codelco and ENAMI. Codelco’s Maricunga project and ENAMI’s Altoandinos project …

Rio Tinto’s Chile deals bet on unproven technology and lithium price bounce Read More »