EU edges towards oil sanctions on Russia, no deal yet

BRUSSELS (Reuters) – European Union governments moved closer on Sunday to agreeing tough sanctions against Russia that include a ban on buying Russian oil, but scheduled more talks for Monday to work out how to ensure countries most dependent on Russian energy can cope.

Industry 2022-05-08 15:52

Ukraines Kuleba discusses how to unblock food exports with Blinken

KYIV (Reuters) – Ukraine‘s Foreign Minister Dmytro Kuleba said on Sunday he discussed with the U.S. Secretary of State Antony Blinken how to unblock Ukraine’s food exports and ensure global food security.

Industry 2022-05-08 15:07

Vedanta offers Zambia investment commitments in return for copper-mine control

LUSAKA (Reuters) – Vedanta Resources has offered to step up investment in Zambias Konkola Copper Mines (KCM) and implement several social responsibility programmes if it resumes control of the local firm, a company letter sent to the government showed.

Industry 2022-05-08 14:52

Qatars emir to visit Iran, Europe next week – source

DUBAI (Reuters) – Qatar‘s emir will visit Iran, Germany, Britain and other European states starting this week on a trip expected to discuss efforts to revive Iran’s 2015 nuclear deal and energy security in Europe, a source briefed on the visit said on Sunday.

Industry 2022-05-08 13:37

Ireland calls for partnership not threats from UK on Brexit protocol

DUBLIN (Reuters) – The European Union needs partnership from Britain rather than threats of unliateral action if the two sides are to reach a compromise on post-Brexit trade rules for Northern Ireland in the coming weeks, Irelands Foreign Minister said.

Industry 2022-05-08 13:37

Suncor CEO Little faces scrutiny after activist Elliott takes aim

By Nia Williams and Svea Herbst-Bayliss (Reuters) – Three months ago Mark Little, the chief executive of Canadian oil and gas major Suncor Energy, issued a mea culpa.

Industry 2022-05-08 13:37

Moscows mood ahead of Victory Day mixes anxiety and resilience

(Reuters) – Moscow residents appeared anxious but resilient as the country prepared on Sunday for its annual commemoration of the Soviet victory over Nazi Germany with an economy reeling from the Wests most stringent economic sanctions in modern times.

Industry 2022-05-08 13:22

The money issue Americans worry about even slightly more than inflation

The money issue Americans worry about even slightly more than inflation

Industry 2022-05-08 12:06

Explainer-How the U.S. could tighten sanctions on Russia

By Daphne Psaledakis WASHINGTON (Reuters) – The United States has imposed several rafts of sanctions on Russia over its invasion of Ukraine in February, targeting its central bank, major lenders, oligarchs and Russian President Vladimir Putin.

Industry 2022-05-08 10:22

UK‘s Raab: We must ’unlock the Northern Ireland protocol

LONDON (Reuters) – Britains Justice Secretary Dominic Raab said the political stability of Northern Ireland was in peril until the problems with the protocol governing post-Brexit trade between Northern Ireland and the rest of the United Kingdom were fixed.

Industry 2022-05-08 08:22

Global scramble for metals thrusts Africa into mining spotlight

By Helen Reid and Clara Denina JOHANNESBURG (Reuters) – The need to secure new sources of metals for the energy transition amid sanctions on top producer Russia has increased the Africa risk appetite for major miners, who have few alternatives to the resource-rich continent.

Industry 2022-05-08 07:07

UK property firms Capco, Shaftesbury in talks on reported $4 billion merger

(Reuters) – British real estate firms Capital & Counties Properties and Shaftesbury Plc said they were in advanced talks on a merger that would bring such London tourist destinations as Covent Garden and Soho under one umbrella.

Industry 2022-05-08 06:07

Nigerias Ibom Air rejects industry plan to stop flights over jet fuel cost

By Camillus Eboh ABUJA (Reuters) – Nigerian airline Ibom Air on Saturday said it will not take part in an industry plan to stop flights from Monday over the high cost of jet fuel, saying the move would affect revenues needed to service obligations to financiers

Industry 2022-05-07 20:37

Zimbabwe suspends bank lending in bid to arrest currency decline

HARARE (Reuters) – Zimbabwes government on Saturday ordered banks to stop lending with immediate effect in a move Harare said was designed to stop speculation against the Zimbabwean dollar and was part of a raft of measures to arrest its rapid devaluation on the black market.

Industry 2022-05-07 19:52

Third Points Loeb praises Shell moves, sticks by calls for breakup

By Svea Herbst-Bayliss NEW YORK (Reuters) – Activist investor Daniel Loeb, who wants Royal Dutch Shell Plc to break apart, applauded the energy giants decision to move its headquarters even as he sticks to views that a different corporate structure would make it more successful.

Industry 2022-05-07 15:07

U.S. job openings and resignations hit a record high in March

U.S. job openings and resignations hit a record high in March

Industry 2022-05-07 11:34

UKs Capco and Shaftesbury in talks about $4 billion merger – Sky News

(Reuters) – Londons West End focused commercial landlords Capital & Counties Properties Plc and Shaftesbury Plc are in advanced talks about a 3.5 billion pound ($4.32 billion) merger, Sky News reported on Saturday.

Industry 2022-05-07 09:52

The Weekly Wrap – Fed Monetary Policy Sinks Riskier Assets

The dollar leads the way once more, with concerns over, inflation, monetary policy, and the economic outlook driving demand for the greenback.

Industry 2022-05-06 23:25

Norway‘s Norges Bank Investment Management to back Kohl’s nominees in proxy fight

By Svea Herbst-Bayliss NEW YORK (Reuters) – Norway‘s sovereign wealth fund said on Friday that it plans to vote for Kohl’s board directors, backing management in a hotly contested corporate battle with hedge fund Macellum Advisors.

Industry 2022-05-06 17:23

Yelp, other companies take stance on abortion rights with travel benefit

By Doyinsola Oladipo and Arriana McLymore

Industry 2022-05-06 17:22
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