Business News

By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices rose slightly more than expected in November amid a jump in the costs of services, but the trend is moderating, with …

PARIS (Reuters) – France’s RTE grid operator on Friday said the country would not face any power shortages on Monday based on current data, adding that 41 of EDF’s nuclear …

BERLIN (Reuters) -Penguin Random House head Markus Dohle will step down at the end of the year after a U.S. judge blocked a planned $2.2 billion merger of the world’s …

OTTAWA (Reuters) – The Bank of Canada will likely need to keep interest rates at or above 4% for most of 2023 to cool an overheated economy and tame high …

By Huw Jones LONDON (Reuters) – Some banks in the euro zone could struggle to pay back money borrowed from the European Central Bank as volatile markets make it harder …

By Ebru Tuncay and Hakan Ersen ISTANBUL (Reuters) – Turkish delivery company Getir has bought German rival Gorillas in a deal worth $1.2 billion that will merge two of the …

By Gabriela Baczynska and John Chalmers BRUSSELS (Reuters) – The European Union was haggling with Hungary on Friday over releasing billions of euros in aid in exchange for Budapest revoking …

By Michael S. Derby NEW YORK (Reuters) – Borrowing at a key Federal Reserve facility long associated with providing emergency loans to banks has been edging higher, recently climbing to …

(Reuters) – Juul Labs Inc has agreed to pay $1.2 billion to resolve about 10,000 lawsuits targeting the e-cigarette maker as a major cause of a U.S. youth-vaping epidemic, Bloomberg …

New Jersey Governor Phil Murphy wants his state to be known as the most inclusive and green state in America. Putting to bed New Jersey’s industrial past, where it was …

BERLIN (Reuters) – Germany wants a joint European response to the U.S. Inflation Reduction Act that would involve simplifying rules on state support and expanding funding opportunities, according to a …

(Reuters) – U.S. natural gas futures jumped 6% to a one-week high on Friday on forecasts for much colder weather and higher heating demand through late December than previously expected. …

MOSCOW (Reuters) – Annual inflation in Russia slowed further in November, but consumer prices rose again in month-on-month terms, data showed on Friday, just one week before the central bank …

(Reuters) -Belgian postal operator Bpost said on Friday that a previously announced review had revealed non-compliance with its policies and indications of non-compliance with applicable laws, calling an end to …

BERLIN (Reuters) -Germany expects to reach a decision next week on how the Schwedt refinery will be supplied as a ban on Russian oil takes effect, the Economy Ministry said …

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Friday there are two remaining parties bidding to buy the Mexican retail arm of U.S. banking giant Citigroup …

By Amruta Khandekar (Reuters) – European shares inched higher on Friday as gains in industrial and financial stocks on China-led optimism offset weakness in the energy sector, while Credit Suisse …

By Alexander Marrow and Darya Korsunskaya MOSCOW (Reuters) – Russia’s current account surplus more than doubled year-on-year to $225.7 billion in January-November from $108.6 billion, the central bank said on …

WASHINGTON (Reuters) – U.S. wholesale inventories increased less than initially thought in October, suggesting that businesses were carefully managing their inventory amid slowing demand. The Commerce Department said on Friday …

BERLIN (Reuters) – Germany could become Europe’s big producer of semiconductors thanks to investments being made in the field, said German Chancellor Olaf Scholz at a digital summit on Friday. …

WASHINGTON (Reuters) – U.S. consumer sentiment improved in December amid recent gains on the stock market, while inflation expectations eased to a 15-month low, a survey showed on Friday. The …

By Leigh Thomas PARIS (Reuters) – Europe’s first cold spell heading into the depths of winter is testing the resolve of countries to continue limiting gas use after they comfortably …

KYIV (Reuters) -Ukraine’s monthly consumer inflation slowed to 0.7% in November from 2.5% the previous month, the State Statistics Committee said on Friday. It said consumer inflation slowed to 26.5% …

(Removes detail about flight in paragraph 2) By Kylie Madry MEXICO CITY (Reuters) -Mexican low-cost carrier Volaris is exploring options to obtain sustainable aviation fuel (SAF), including a potential deal …

BOGOTA (Reuters) – Colombia’s majority state-owned oil company Ecopetrol will invest up to around 30 trillion pesos ($6.2 billion) in 2023, it said on Friday, with the main focus on …