Business News

By David Shepardson WASHINGTON (Reuters) -The Biden administration on Wednesday added 24 companies and other entities to an export control list for supporting Russia’s military or defense industrial base, Pakistan’s …

(Reuters) -Carvana Co is speaking with lawyers and investment bankers about options for managing its debt load, Bloomberg Law reported on Wednesday, as concerns grow about the company’s solvency due …

By Huw Jones and Iain Withers LONDON (Reuters) -Britain has called on banks to support households finding it difficult to make payments on mortgages during the cost of living crisis. …

By David Shepardson WASHINGTON (Reuters) -U.S. lawmakers late on Tuesday declined to add an extension to an annual defense bill of a looming deadline that would impose a new safety …

By David Shepardson WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration (NHTSA) is opening new safety probes into 1.72 million Honda vehicles, 230,000 Jeeps and 390,077 Ram trucks. …

By Kate Abnett BRUSSELS (Reuters) -The European Union reached a deal in the early hours of Wednesday on a law to increase the price that airlines have to pay when …

PARIS (Reuters) -A French environmental campaign group filed a complaint against Apple Inc. over commercial practices restricting the use of spare parts for repairs, it said on Wednesday. “In many …

(Reuters) -Coinbase Global Inc’s revenue is set to reduce by half this year, the cryptocurrency exchange tweeted on Wednesday, as digital assets reel from a sector-wide rout worsened by a …

BASEL, Switzerland (Reuters) – Christmas can never come too soon for Johann Wanner, the world’s biggest purveyor of hand-made festive decorations whose shop in the Swiss city of Basel attracts …

By Divya Rajagopal TORONTO (Reuters) – Canada’s biggest pension fund, CPP Investments, has ended its effort to study investment opportunities in the volatile crypto market, two people familiar with the …

By Tom Hals and Dietrich Knauth WILMINGTON, Del. (Reuters) – A U.S. judge this week is considering for the first time the question of who owns bitcoin and other tokens …

By Kanishka Singh WASHINGTON (Reuters) -U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler said that companies that help facilitate transactions in the cryptocurrency market should come into compliance with …

BRUSSELS (Reuters) – The European Commission on Wednesday proposed a ninth package of sanctions on Russia over its invasion of Ukraine that would include almost 200 more individuals and entities …

(Reuters) – Argentina President Alberto Fernandez has asked the European Union to renegotiate a landmark trade deal with South America, saying the agreement is unbalanced and a threat to the …

NEW YORK (Reuters) -Citigroup Inc expects revenue in its trading division to rise 10% in the current quarter from a year earlier, but investment banking fees will be down 60% …

By Arathy Somasekhar HOUSTON (Reuters) -Oil edged to its lowest since the start of the year in volatile trading, after U.S. government data showed an unexpectedly large build in fuel …

By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) -European shares fell for a fourth straight session on Wednesday, with investors on edge as global recession fears grew, but losses were …

ZURICH (Reuters) – Swiss chocolate maker Barry Callebaut is investing $70 million at one of its factories in Canada, the company said on Wednesday, its latest move to expand production …

By Anna Koper WARSAW (Reuters) -The National Bank of Poland (NBP) left its main interest rate unchanged at 6.75% on Wednesday, it said, as it bets that a slowdown in …

WARSAW (Reuters) – Polish macroeconomic data suggests there will be a further slowdown in gross domestic product growth, the Polish central bank said on Wednesday after it left its main …

By Nick Carey CREWE, England (Reuters) – Volkswagen’s Bentley expects a slight drop in production in 2023 as shutdowns in China have slowed orders, the British luxury carmaker’s chief executive …

PARIS (Reuters) -The head of French carmaker Renault’s new mobility unit Mobilize and deputy CEO of the group Clotilde Delbos has resigned, the company said on Wednesday. Renault said Delbos …

(Reuters) -Italian insurer Generali SpA is planning to sell roughly 20 billion euros ($21 billion) of its Italian life insurance portfolio, Bloomberg News reported on Wednesday, citing people familiar with …

By David Shepardson WASHINGTON (Reuters) -The District of Columbia attorney general’s office on Wednesday sued Amazon.com Inc and its Amazon Logistics subsidiary alleging the biggest online retailer had withheld tips …

By Steve Scherer and David Ljunggren OTTAWA (Reuters) -The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by half a percentage point to the highest level in …