New UK PM will need to take urgent action on energy bills – Ofgem CEO
LONDON (Reuters) – Britain’s new prime minister will need to act urgently to address the issue of soaring energy prices, t..
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UK’s Micro Focus shares nearly double after Canada’s OpenText agrees $6 billion takeover
By Eva Mathews and Krystal Hu (Reuters) -Shares of Micro Focus soared more than 90% on Friday after Canadian software company OpenText..
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Most of BP’s Whiting refinery units shut following fire -sources
HOUSTON (Reuters) -Most of the units at BP Plc’s 435,000 barrel-per-day Whiting, Indiana, refinery were out of production on Thursday ..
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Decision to end ECB reinvestments takes back seat to rate hikes, sources say
By Balazs Koranyi JACKSON HOLE, Wyo. (Reuters) – The European Central Bank could soon start talks on ending reinvestments of cas..
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Carlsberg’s Poland unit could stop production; lack of CO2 threatens food industry
GDANSK (Reuters) -Danish brewery Carlsberg’s subsidiary in Poland could cut or halt beer production due to a lack of carbon diox..
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After rescue by Open Arms, 99 migrants wait to dock in Europe
By Juan Medina ABOARD THE OPEN ARMS UNO, off Sicily (Reuters) – Around 30 nautical miles off the coast of Italy’s Sicily, ..
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Novartis to spin off generics business Sandoz next year
By Natalie Grover ZURICH/LONDON (Reuters) -Novartis plans to spin off its underperforming generics unit Sandoz to sharpen its focus on..
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The (nation) state of cyber: 64% of businesses suspect they’ve been targeted or impacted by nation-state attacks
According to new Venafi research, two-thirds of organizations have changed cyber strategy in response to war in Ukraine SALT LA..
Technology
Germany signs deal to give ownership of Benin Bronzes to Nigeria
BERLIN (Reuters) – Germany signed an agreement on Thursday to transfer ownership to Nigeria of the Benin Bronzes, among Africa&#..
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Citigroup says will close Russian consumer, commercial business
By Lananh Nguyen (Reuters) -Wall Street giant Citigroup Inc will close its consumer and commercial banking businesses in Russia starti..
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French wheat protein slips further in latest harvest results
PARIS (Reuters) – Nearly complete quality results from France’s soft wheat harvest showed slightly weaker protein levels t..
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Looks aren’t everything – British supermarkets to stock misshapen fruit amid drought
By Sachin Ravikumar LONDON (Reuters) – Two British supermarket chains will stock bent carrots and other misshapen fruit and vege..
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Dollar edges lower as investors wait on Fed’s Powell
By Karen Brettell NEW YORK (Reuters) – The dollar index and the euro both slipped on Thursday in choppy trading as investors wai..
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Channel announces Ion Fratiloiu as new Chief Commercial Officer
Ion Fratiloiu has joined Channel Capital Advisors LLP (Channel) as its new Chief Commercial Officer. Fratiloiu will be dri..
Business
Fortum says rising costs of Nordic power trading are “worrying”
By Anne Kauranen HELSINKI (Reuters) – Finnish utility Fortum on Thursday said low liquidity and high price volatility have creat..
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Europe’s Wizz Air considering a Saudi operating license
RIYADH (Reuters) -European budget carrier Wizz Air is considering basing an airline in Saudi Arabia as part an agreement signed with t..
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BT and Barclaycard Payments announce partnership offering exclusive benefits for UK micro-businesses
BT adds Barclaycard Payments to its partnership network to help boost small business growth New initiative set up to deliver host ..
Finance
EUROCELL IN FINAL STAGES OF DISCUSSIONS TO BUILD FIRST EUROPEAN GIGAFACTORY IN THE NETHERLANDS
Netherlands has ambition to lead Europe in the fight against climate change Eurocell is in advanced discussions with authorities and ..
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Oil firms must step up exploration off Norway to unlock potential -NPD
By Nerijus Adomaitis OSLO (Reuters) – Oil companies in Norway must increase their exploration activity in remote regions like th..
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Ukraine war, energy crisis send German business sentiment to lowest level since June 2020
By Miranda Murray BERLIN (Reuters) -German business morale in August fell to its lowest reading since June 2020 amid high uncertainty ..
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Sterling rises 0.5% as dollar takes a breather
By Samuel Indyk LONDON (Reuters) – Sterling recouped some losses against the dollar on Thursday but was still languishing near a..
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FTSE 100 rebounds on energy, earnings lift
By Johann M Cherian and Sruthi Shankar (Reuters) -London’s blue-chip stock index bounced off two-week closing lows on Thursday, ..
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EU to urge big polluters to toughen climate pledges by COP27 summit – draft
By Kate Abnett BRUSSELS (Reuters) – The European Union will urge the world’s biggest economies to improve their targets to..
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Energy stocks boost European shares ahead of ECB minutes
By Anisha Sircar (Reuters) -European shares firmed on Thursday on a boost from oil stocks ahead of minutes from the last policy meetin..
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Sony hikes PS5 price on economic pressures, rising rates
By Sam Nussey TOKYO (Reuters) -Sony Group Corp said on Thursday it was hiking the price of its PlayStation 5 games console in markets ..
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New UK PM must be radical to stop power bill catastrophe – think tank
By Humza Jilani LONDON(Reuters) -Britain’s next prime minister must adopt radical ideas – such as discounted power tariffs..
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Shell Energy to pay for overcharging price cap customers -Ofgem
(Reuters) -Shell Plc’s UK retail energy business has to pay 536,970 pounds ($635,181) for overcharging some customers on its def..
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Rouble steadies near 60 vs dollar; TCS, M.Video shares down after results
MOSCOW (Reuters) – The Russian rouble stabilised near 60 against the dollar on Thursday, lacking new momentum, while shares in T..
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Google to roll out anti-disinformation campaign in some EU countries
By Supantha Mukherjee STOCKHOLM (Reuters) -Google’s Jigsaw subsidiary will launch a campaign next week to tackle disinformation ..
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Hedge funds suffer big outflows in Q2 – data
By Nell Mackenzie LONDON (Reuters) – Investors yanked a net $7.8 billion out of hedge funds in the second quarter, industry data..
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France’s Schneider considers full buyout of AVEVA
By Sudip Kar-Gupta and Supantha Mukherjee PARIS (Reuters) -French industrial conglomerate Schneider is considering buying out minority..
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Greece’s Aegean Airlines in code sharing deal with Emirates
ATHENS (Reuters) – Greece’s largest carrier Aegean Airlines said on Wednesday it had struck a so-called code sharing agree..
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German exporters pinched by 70-billion-euro price squeeze – DIHK
By Rene Wagner BERLIN (Reuters) – German exporters are in an “extreme price squeeze” and incurred extra costs of 70 ..
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Ford delays Spanish investments, citing ‘revised outlook for Europe’
By Joan Faus BARCELONA (Reuters) -Ford said on Wednesday it is delaying its production investments in Spain, citing a “revised o..
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Exclusive-Tinder-owner Match ups antitrust pressure on Apple in India with new case
By Aditya Kalra NEW DELHI (Reuters) – Tinder-owner Match Group has filed an antitrust case against Apple with the competition re..
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Thai Leisure Group announces seven figure refurbishment plan
Thai Leisure Group, the UK’s largest Thai restaurant chain, has pledged to invest £1 million into its most popular Chaophraya a..
Business
Human Resources Jobs’ Demand Attractiveness
Monday 22 August 2022 HR will not become obsolete in the future as some think, in fact the demand has never been greater..
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