By Julia Payne BRUSSELS (Reuters) -The European Commission proposed adding more individuals and over 100 vessels linked to Russia’s shadow fleet to its 17th package of sanctions against Moscow, EU diplomats said on Tuesday. An exemption from sanctions on the Russian oil and gas project Sakhalin-2 will be extended to June next year, one of …
European Commission proposes 17th Russia sanctions package Read More »
By Aishwarya Jain (Reuters) -U.S. hotel operator Marriott International trimmed its full-year room revenue forecast on Tuesday, as tariff-induced uncertainties and federal spending cuts under President Donald Trump sap demand. The company highlighted a hit from a 10% drop in nights booked by the U.S. government, as Trump’s funding cuts trigger staff layoffs and tighter …
Marriott trims 2025 revenue forecast, flags hit from government spending cuts Read More »
BRUSSELS (Reuters) – The European Union will publish plans on Tuesday to ban new Russian gas deals by the end of the year, and phase out existing contracts with Moscow by end-2027, three EU officials told Reuters. The European Commission will on Tuesday publish a “roadmap” of how it plans to end Russian fossil fuel …
EU to propose ban on Russian gas imports by end-2027, sources say Read More »
By Alessandro Parodi (Reuters) -Tesla’s new car sales in Britain and Germany plummeted to their lowest in over two years in April, falling 62% and 46% year-on-year respectively, even as demand for electric vehicles rose in both countries, national data showed on Tuesday. Sales of billionaire Elon Musk’s EV cars also plunged to multi-year lows …
Tesla’s UK, Germany new car sales at two-year low in April even as EV demand rises Read More »
DUBLIN (Reuters) -Ireland’s economic growth is expected to slow to 2% this year if a 10% tariff on U.S. imports from the European Union remains in place, or 2.5% if tariffs are removed, Ireland’s finance ministry forecast on Tuesday. Ireland is among the countries most exposed to sharp policy changes proposed by U.S. President Donald …
Ireland sees 2025 economic growth slowing to 2% if tariffs stick Read More »
By Javi West Larrañaga and Marleen Kaesebier (Reuters) – European companies are expected to report growth of 0.4% in first-quarter earnings, according to LSEG I/B/E/S data released on Tuesday, compared to the 1.7% drop analysts had expected a week ago. The improvement comes after 58.4% of the 149 STOXX 600 companies that have already reported …
European first-quarter corporate profits expected to return to growth Read More »
By John Revill ZURICH (Reuters) -The Swiss National Bank is ready to intervene in the foreign currency markets and cut interest rates even below zero to prevent inflation falling below its price stability target, Chairman Martin Schlegel said on Tuesday. Swiss inflation fell to 0% in April, its lowest level in four years, government data …
Swiss National Bank ready to take rates below zero to tackle low inflation Read More »
By Krystal Hu, Arsheeya Bajwa, Aditya Soni and Anna Tong (Reuters) – OpenAI has dialed back a significant restructuring plan, with its nonprofit parent retaining control in a move that is likely to limit CEO Sam Altman’s power over the pioneering maker of ChatGPT. The announcement follows a storm of criticism and legal challenges, including …
OpenAI dials back conversion plan, nonprofit to retain control Read More »
(Reuters) -WK Kellogg cut its annual organic sales and core profit forecasts on Tuesday after consumer spending weakened on its higher-priced products including Frosted Flakes and Apple Jacks cereals. Shares of the Battle Creek, Michigan-based company fell nearly 11% after it missed first-quarter sales and profit expectations. Customers are bracing for another inflationary market burdened …
WK Kellogg cuts annual sales, profit forecasts on softening packaged food demand Read More »
By Pushkala Aripaka and Anuja Bharat Mistry (Reuters) -U.S. meal delivery firm DoorDash will buy Deliveroo in a deal valuing the British rival at about 2.9 billion pounds ($3.85 billion), the companies said, banking on a bigger reach and local expertise to take on competition. Separately on Tuesday, DoorDash said it would buy SevenRooms, a …
DoorDash, UK’s Deliveroo serve up $3.9 billion deal to take on rivals Read More »
