Business News

By Timothy Gardner WASHINGTON (Reuters) -A high-tech nuclear energy project in Wyoming, backed by the U.S. Department of Energy and Bill Gates, is delayed by at least two years and …

By Giuseppe Fonte and Elvira Pollina ROME (Reuters) -Telecom Italia (TIM) needs to sell assets to cut its debt, its boss said on Wednesday, after a sale of its landline …

By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) -European shares were subdued on Wednesday after hitting near one-week highs in the previous session, as investors treaded cautiously ahead of the …

By Laura Sanicola (Reuters) – Oil prices rose more than $2 on Wednesday after OPEC and the International Energy Agency (IEA) both forecast a rebound in demand over the course …

WASHINGTON (Reuters) -The United States is moving to impose sanctions on Vladimir Potanin, one of Russia’s richest men, but would not sanction Nornickel, the company where he is a major shareholder, the Wall …

(Reuters) – Morgan Stanley on Wednesday said it expects Brent crude oil prices to rally to around $110 per barrel level by mid-2023, citing support from rising demand and continued …

ATHENS (Reuters) – Greek banks will subsidise part of the recent interest rate increases for vulnerable mortgage borrowers, officials said on Wednesday. About 30,000 vulnerable households that are servicing their …

NEW YORK (Reuters) – BNY Mellon said on Wednesday it would award 10 company shares each to its rank-and-file employees, as the U.S. bank seeks to include all workers in …

By Arathy Somasekhar (Reuters) – U.S. crude oil stockpiles rose by more than 10 million barrels last week, the most since March 2021, buoyed by releases from the Strategic Petroleum …

By Paul Lienert (Reuters) – Mahindra and Mahindra, one of India’s oldest automakers, aims to sell its new family of electric SUVs around the globe, but an entry into the …

By MacDonald Dzirutwe ABUJA (Reuters) – Meta’s Oversight Board on Wednesday overturned a decision to remove a video that was shared on Instagram showing the gruesome aftermath of an attack …

By Lawrence White and Simon Jessop LONDON (Reuters) – HSBC will stop funding new oil and gas fields and expect more information from energy clients over their plans to cut …

BERLIN (Reuters) -Germany got the go-ahead to buy F-35 fighter jets produced by U.S. defence giant Lockheed Martin as part of military procurement projects worth 13 billion euros ($13.85 billion), …

By John McCrank NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is set to vote on Wednesday on advancing rule proposals related to the handling and execution of …

By Kate Abnett and Jan Strupczewski BRUSSELS (Reuters) – European Union countries intend next year to push for more gas deals – including long-term contracts – to replace Russian supplies, …

MOSCOW (Reuters) -Weekly consumer prices in Russia rose again but more slowly than the week before, data showed on Wednesday, all but confirming widely-held expectations that the central bank will …

MOSCOW (Reuters) – Russia’s economy shrank 3.7% year-on-year in the third quarter of 2022, revised data from the federal statistics service Rosstat showed on Wednesday, an improvement on the previously …

(Reuters) – The U.S. Consumer Financial Protection Bureau will look at how to improve exchange rate transparency among remittance providers to make clearer to consumers the fees they are charged …

PRAGUE (Reuters) -The Czech government approved on Wednesday a measure capping electricity and natural gas prices for large firms at the same level as prices for households and small firms …

SHANGHAI (Reuters) – The asset management arms of some Chinese banks are turning to an accounting method that smoothes out the performance of wealth management products as they try to …

By Kevin Yao BEIJING (Reuters) -China has set out plans to expand domestic consumption and investment, the official Xinhua news agency said on Wednesday, as the economy struggles with COVID …

By Victoria Waldersee BERLIN (Reuters) – Tesla plans to drill for new water sources to supply an expansion of its electric vehicle plant near Berlin, according to local authorities and …