By Abhirup Roy and Aditya Kalra MUMBAI (Reuters) – Indias biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5 billion consumer goods business to challenge foreign giants like Unilever, two sources familiar with the plan told
DUBAI (Reuters) – State-owned oil producer Saudi Aramco on Sunday reported an almost 82% rise in first-quarter net income, broadly in line with analyst forecasts, helped by strong oil prices.
DUBAI (Reuters) – Saudi Tadawul Group, the kingdoms stock exchange operator, posted a 21.7% decline in first quarter net profit on Sunday on a slowdown in trading services and listing fees.
LISBON (Reuters) – Portugal has blocked the sale of a 10 million euro ($10.4 million) mansion belonging to sanctions-hit Russian billionaire Roman Abramovich, Publico newspaper said on Saturday, without citing its sources.
By Mohammad Yunus Yawar KABUL (Reuters) – Afghanistan faces a budget deficit of 44 billion Afghanis ($501 million) this financial year, the countrys Taliban authorities said on Saturday without clarifying how the gap between expected revenues and planned spending will be met.
LAGOS (Reuters) – Nigeria‘s markets regulator has published a set of regulations for digital assets, signalling Africa’s most populous country is trying to find a middle ground between an outright ban on crypto assets and their unregulated use.
By Rajendra Jadhav, Mayank Bhardwaj and Nigam Prusty
BERLIN (Reuters) – Germanys second-largest defence group Thyssenkrupp Marine Systems (TKMS) wants to play a leading role in consolidating the German and European shipyard industry, its new Chief Executive Officer told German newspaper Welt am Sonntag.
DUBAI (Reuters) – Emirates Telecommunications Group Company PJSC, now known as (e&), said on Saturday it has acquired a 9.8% stake in Vodafone for $4.4 billion.
WEISSENHAUS, Germany (Reuters) – Foreign ministers from the G7 group of nations vowed on Saturday to reinforce Russias economic and political isolation, continue supplying weapons and work to ease global food shortages stemming from the war in Ukraine, a joint statement said.
DUBAI (Reuters) – United Arab Emirates strongman Sheikh Mohammed bin Zayed al-Nahyan, who was formally elected president on Saturday, led a realignment of the Middle East that created a new anti-Iran axis with Israel and fought a rising tide of political Islam in the region.
WARSAW (Reuters) – Bringing Poland‘s inflation down to the central bank’s target over the next two years will be difficult if the government increases its efforts to boost consumption, Monetary Policy Council (MPC) member Przemyslaw Litwiniuk said on Saturday.
PARIS (Reuters) – French President Emmanuel Macron has announced a trip to the United Arab Emirates to mourn the death of Sheikh Khalifa Bin Zayed Al Nahyan and display his support for the ruling family, with whom France holds lucrative business and military ties.
(Reuters) – Moscow will take adequate precautionary measures if NATO deploys nuclear forces and infrastructure closer to Russias border, Russian news agencies quoted Deputy Foreign Minister Alexander Grushko as saying on Saturday.
(Reuters) – Carvana Co on Friday forecast significant core earnings for 2023, as the online used-car retailer spelled out plans to rein in spending on advertising, expansion and other areas to offset waning demand.
BERLIN (Reuters) – The European Commission wants to waive EU competition rules to allow governments to cap prices for consumers in the event of a complete outage of Russian gas supplies, German newspaper Welt am Sonntag reported on Saturday, citing a commission document on short-term energy
By David Shepardson WASHINGTON (Reuters) – U.S. airlines are pressing the Biden administration to lift a 16-month-old rule requiring nearly all international air passengers with some exceptions to test negative for COVID-19 before entering the country.
By Jonathan Stempel NEW YORK (Reuters) – Goldman Sachs Group Inc officers and directors reached a $79.5 million settlement to resolve shareholder claims that their poor oversight contributed to the bank being enmeshed in the looting scandal at Malaysias 1MDB sovereign wealth fund.
By Svea Herbst-Bayliss BOSTON (Reuters) – Investment firms Sachem Head Capital Management and Soros Fund Management exited their positions in Peloton during the first quarter as the stock tumbled and the fitness company replaced its CEO, under pressure from an activist investment firm, regulatory filings made
BRUSSELS (Reuters) – The European Commission stands by its previous guidance on how EU companies can pay for Russian gas without breaking sanctions on Russia and is in contact with EU governments to provide more explanations if needed, a Commission spokesman said on Friday.