Business

Image for Brazilian meat suppliers stop deliveries to local Carrefour retailers, media say

Business

Brazilian Meat Suppliers Stop Deliveries to Local Carrefour Retailers, Media Say

Image for Thyssenkrupp: expert opinion gives positive view for steel business

Business

Thyssenkrupp: Expert Opinion Gives Positive View for Steel Business

Image for Hyundai recalls over 145,000 electrified US vehicles on loss of drive power

Business

Hyundai Recalls Over 145,000 Electrified US Vehicles on Loss of Drive Power

Image for Euro zone business activity falls sharply in November, survey shows

Business

Euro Zone Business Activity Falls Sharply in November, Survey Shows

Image for UK retail sales dived before new government’s budget, ONS says

UK Retail Sales Dived Before New Government’s Budget, Ons Says

Date: November 22, 2024

By William Schomberg LONDON (Reuters) – British retail sales fell by much more than expected in October, according to official data that added to other signs of a loss of momentum in the economy in the run-up to the first budget of Prime Minister Keir Starmer’s new government. Sales volumes dropped by 0.7% from September,...

Image for Switzerland’s Axpo eyes prospects in Japan power, LNG trading

Switzerland’s Axpo Eyes Prospects in Japan Power, Lng Trading

Date: November 22, 2024

By Florence Tan and Emily Chow SINGAPORE (Reuters) – Swiss-based power producer and trader Axpo is eyeing opportunities in electricity and liquefied natural gas (LNG) trading in Japan as changes in the country’s power sector create demand for hedging and spot LNG supply, a senior executive said. Japan has set a target for renewables to...

Image for US agency votes to launch review, update undersea telecommunications cable rules

US Agency Votes to Launch Review, Update Undersea Telecommunications Cable Rules

Date: November 22, 2024

By David Shepardson WASHINGTON (Reuters) – The Federal Communications Commission voted on Thursday to propose new rules governing undersea internet cables in the face of growing security concerns, as part of a review of regulations on the links that handle nearly all the world’s online traffic. The FCC voted 5-0 on proposed updates to address...

Image for BP and partners to invest $7 billion in carbon capture project in Indonesia’s Papua

Bp and Partners to Invest $7 Billion in Carbon Capture Project in Indonesia’s Papua

Date: November 22, 2024

JAKARTA (Reuters) – BP and partners said they would invest $7 billion in a carbon capture project and gas field development in Indonesia’s easternmost Papua region that could unlock 3 trillion cubic feet of additional gas resources. The British oil and gas producer announced the investment on Thursday in a meeting with President Prabowo Subianto...

Image for Northvolt goes from Europe battery promise to crisis

Northvolt Goes From Europe Battery Promise to Crisis

Date: November 22, 2024

STOCKHOLM (Reuters) – Sweden’s Northvolt said on Thursday it will seek U.S. Chapter 11 bankruptcy protection as the cash-strapped battery start-up seeks to sort out its finances. The company went in a matter of months this year from being Europe’s best shot at a home-grown electric-vehicle battery champion to racing to stay afloat, hobbled by...

Image for Brazil blasts Carrefour over vow to keep Mercosur meat off shelves

Brazil Blasts Carrefour Over Vow to Keep Mercosur Meat Off Shelves

Date: November 22, 2024

By Lisandra Paraguassu and Luana Maria Benedito BRASILIA (Reuters) – Brazil’s government has blasted French retailer Carrefour after its CEO vowed to keep South American meat off its shelves in France in solidarity with farmers, calling the comments part of a wider push to undermine a pending trade deal. Agriculture Minister Carlos Favaro called the...