By Alistair Smout and Andrew Gray LONDON/BRUSSELS (Reuters) -Britain said on Friday that talks to join the European Union’s defence fund SAFE have broken down, in a setback for a much-vaunted post-Brexit reset of relations aimed at strengthening Europe’s defence. Prime Minister Keir Starmer hailed a “new era” in Britain’s relationship with the EU in …
Britain says talks to join EU defence fund have broken down Read More »
FLORENCE, Italy (Reuters) -Italian luxury group Armani said on Friday it had appointed a new eight-member board, keeping three seats for representatives of the family and bringing in veteran industry executives Marco Bizzarri and John Hooks, and Milanese businessman Angelo Moratti. The enlarged board will steer the fashion house as its owners prepare to sell …
Armani names new board to steer company through succession plan Read More »
BELGRADE (Reuters) -Serbia’s U.S.-sanctioned and Russian-owned NIS oil refinery will continue to operate in so-called idle mode until December 2 as the country expects a sanctions reprieve, energy minister Dubravka Djedovic Handanovic said on Friday. The U.S. Treasury Department’s Office of Foreign Assets Control imposed sanctions on NIS in October, as part of wider sanctions …
Serbia says U.S.-sanctioned NIS oil refinery idle until Dec 2, seeks sanctions waiver Read More »
LONDON (Reuters) -Britain’s decision to issue more than two dozen oil and gas exploration licences was lawful, London’s High Court ruled on Friday, dismissing a challenge by campaigners who said the government failed to consider the impact on climate change. Marine conservation organisation Oceana UK brought the case over 28 licences granted in May 2024 …
UK court dismisses challenge to issuing of oil and gas exploration licences Read More »
MOSCOW (Reuters) -Russian President Vladimir Putin has signed a law aimed at boosting domestic gasoline supplies, including with fuel produced by Russian companies at Belarusian refineries, state-run RIA news agency reported on Friday. Russia is facing fuel shortages after a spate of Ukrainian attacks on its refineries. In late September it imposed a partial ban …
Putin signs law to boost domestic gasoline supplies Read More »
By Shashwat Chauhan (Reuters) -CME Group, the world’s biggest exchange operator, experienced an hours-long outage on Friday that halted trade on its currency platform and in futures spanning foreign exchange, commodities, Treasuries and stocks. The outage, which began in early Asia hours and was mostly resolved by U.S. morning trade, was one of the longest …
Factbox-Before CME’s stumble, exchange outages that rattled investors Read More »
By James Davey LONDON (Reuters) -British grocer Asda warned it does not expect to return to underlying sales growth until mid-2026 after third quarter sales were dented by disruption linked to the completion of an IT overhaul separating its systems from former owner Walmart. Walmart sold Asda to Zuber and Mohsin Issa and private equity …
Asda warns return to sales growth delayed by Walmart IT split disruption Read More »
By Sarah Marsh and Rachel More BERLIN (Reuters) -German Chancellor Friedrich Merz wrote to Brussels on Friday to urge the European Commission to ease a planned ban on new combustion-engine cars from 2035, arguing that automakers need more flexibility in the shift to electric vehicles. Merz, a conservative who has long sided with the car …
Germany’s Merz urges EU to ease 2035 combustion engine ban Read More »
By James Davey LONDON (Reuters) -Britain’s Labour government has done nothing to stimulate much-needed growth, the boss of supermarket group Asda said on Friday. Asda’s veteran executive chairman Allan Leighton, who in a five decade career has also chaired Britain’s Co-operative Group and the Royal Mail, said finance minister Rachel Reeves’ tax raising budget on …
UK government has done nothing to stimulate growth, says Asda boss Read More »
MOSCOW (Reuters) -Russia’s energy giant Gazprom posted on Friday a net income of 134.2 billion roubles ($1.72 billion) for the third quarter after a net loss of 53 billion roubles a year ago, when it was hit by a one-off tax, the company said on Friday. The financial results were underpinned by the government decision …
Russia’s Gazprom posts quarterly net income of $1.72 billion after a year-ago loss Read More »
