Business News

BRUSSELS/FRANKFURT (Reuters) – The European Commission has demanded that German gas importer Uniper divest its Dutch business to obtain regulatory approval for a rescue deal, German daily Handelsblatt reported, citing …

By Timothy Aeppel (Reuters) – Will a robot ever make your blue jeans? There is a quiet effort underway to find out — involving clothing and technology companies, including Germany’s …

COPENHAGEN (Reuters) – A group of investors has appealed a November verdict by a Danish court which cleared former Danske Bank CEO Thomas Borgen of any liability for shareholder investment …

(Reuters) – Global oil benchmark Brent could rebound and quickly rise past $90 per barrel on the back of a dovish pivot in the U.S. Federal Reserve’s monetary policy and …

By Jörn Poltz MUNICH (Reuters) -Former Wirecard boss Markus Braun’s lawyers accused prosecutors of botching Germany’s biggest post-war fraud trial at the start of his defence on Monday and alleged …

By Mathieu Rosemain PARIS (Reuters) -Apple should face a 6 million euro ($6.3 million) fine for breach of privacy rules, the top advisor to French data protection authority’s sanction body …

(Reuters) – Automaker Stellantis NV said on Monday it will power 70 of its facilities in Michigan entirely with solar energy by 2026 through a partnership with DTE Energy Co, …

MOSCOW (Reuters) -Russian commercial bank Uralsib said on Monday it had completed the acquisition of a portfolio of consumer loans from Citigroup Inc’s Russian unit, as the major U.S. lender …

(Reuters) – Most big banks and investment managers expect the cryptocurrency market to pick up in 2023 after a brutal year that saw bitcoin sink around 75% from its all-time …

KYIV (Reuters) – Nestle (NESN.S) will invest 40 million Swiss francs ($42.88 million) to launch a new production facility in western Ukraine, the company said on Monday. Nestle is one …

(Reuters) – Wall Street’s main indexes opened higher on Monday as investors awaited inflation data and the Federal Reserve’s policy decision later this week to gauge the U.S. economic outlook …

(This Dec. 7 story has been corrected to replace “more than 10%” with “in the red” in paragraph 5) By David Randall NEW YORK (Reuters) – Investors who sell underperforming …

By Aftab Ahmed and Nikunj Ohri NEW DELHI (Reuters) -India’s annual retail inflation eased below its central bank’s upper tolerance level for the first time this year in November amid …

BEIJING (Reuters) – Chinese state-owned telecom giant China Unicom said on Monday it will delete users’ mobile itinerary data previously used to identify travellers in COVID-stricken areas from Dec. 13. …

By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – The Russian central bank is expected to hold its key interest rate at 7.5% on Friday, as inflation continues to slow …

By Ateeq Shariff (Reuters) – Most stock markets in the Gulf ended lower on Monday, with the Saudi index hitting a 20-month low ahead of interest rate decisions from the …

(Reuters) -Weber Inc, known for its domed charcoal grill, said on Monday it had agreed to be taken private by controlling shareholder BDT Capital Partners LLC in a $3.7 billion …

ISLAMABAD (Reuters) -Pakistan is hoping to conclude talks with Saudi Arabia soon on financial help for the South Asian nation, Pakistan’s Finance Minister Ishaq Dar said on Monday. Dar also …

(Reuters) – Britain’s National Grid cancelled standby notices for Drax Group’s two coal units on Monday, according to Elexon’s website. Earlier in the day, the grid operator issued start-up notices …

By Foo Yun Chee BRUSSELS (Reuters) – EU competition regulators have revised state aid rules to make it easier for European Union countries to finance the rollout of fast-speed broadband, …

(Reuters) – Futures for Canada’s main stock index were flat on Monday, with investors on the sidelines as they brace for a week of key interest rate decisions from major …

ZURICH (Reuters) – The Swiss car importers lobby hit back on Monday at the government’s proposal to limit the use of electric vehicles in any power crunch, saying the mere …

By Stine Jacobsen and Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -A.P. Moller-Maersk said on Monday it had appointed company veteran Vincent Clerc as its new chief executive to lead the shipping giant …

(Reuters) – Travel website KAYAK, owned by Booking Holdings Inc, said domestic searches for hotels within China surged last week, after the country loosened its COVID-19-related restrictions. KAYAK on Friday …

By Julie Zhu and Scott Murdoch HONG KONG (Reuters) -Zeekr, one of Chinese automaker Geely’s upmarket electric car brands, has confidentially filed for a U.S. initial public offering, aiming to …