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New UK PM will need to take urgent action on energy bills – Ofgem CEO
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UK’s Micro Focus shares nearly double after Canada’s OpenText agrees $6 billion takeover
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Most of BP’s Whiting refinery units shut following fire -sources
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Decision to end ECB reinvestments takes back seat to rate hikes, sources say
Carlsberg’s Poland unit could stop production; lack of CO2 threatens food industry
Date: August 26, 2022
GDANSK (Reuters) -Danish brewery Carlsberg’s subsidiary in Poland could cut or halt beer production due to a lack of carbon dioxide deliveries, that is becoming a problem for the food industry in the country. “If deliveries of carbon dioxide (CO2) are not resumed, there will be a high probability of significant production cut or production...
After rescue by Open Arms, 99 migrants wait to dock in Europe
Date: August 26, 2022
By Juan Medina ABOARD THE OPEN ARMS UNO, off Sicily (Reuters) – Around 30 nautical miles off the coast of Italy’s Sicily, 99 migrants are awaiting an update on their future after nine days at sea as nearby nations discuss who should receive them. Spanish charity Open Arms on Aug. 17 rescued 101 mainly Egyptian...
Novartis to spin off generics business Sandoz next year
Date: August 26, 2022
By Natalie Grover ZURICH/LONDON (Reuters) -Novartis plans to spin off its underperforming generics unit Sandoz to sharpen its focus on its patented prescription medicines, the Swiss group said on Thursday, acknowledging it had not received any formal offers for the business to date. The company started a strategic review of Sandoz last October – examining...
Germany signs deal to give ownership of Benin Bronzes to Nigeria
Date: August 26, 2022
BERLIN (Reuters) – Germany signed an agreement on Thursday to transfer ownership to Nigeria of the Benin Bronzes, among Africa’s most culturally significant artefacts which were looted in the 19th century. British soldiers took hundreds of bronzes – intricate sculptures and plaques dating back to the 13th century onwards – when they invaded the Kingdom...
Citigroup says will close Russian consumer, commercial business
Date: August 25, 2022
By Lananh Nguyen (Reuters) -Wall Street giant Citigroup Inc will close its consumer and commercial banking businesses in Russia starting this quarter and expects to incur about $170 million in charges over the next 18 months as a result, the company said on Thursday. The U.S. bank with the largest presence in Russia announced plans...
French wheat protein slips further in latest harvest results
Date: August 25, 2022
PARIS (Reuters) – Nearly complete quality results from France’s soft wheat harvest showed slightly weaker protein levels than in initial samples, underscoring a decline compared with last year, according to data from farm office FranceAgriMer on Thursday. For protein, 27% of soft wheat analysed so far came below 11% content, often a minimum standard for...