Top Stories
Top Stories
Exclusive – Uniper could swap Australian LNG for Atlantic gas to supply Europe quicker
Top Stories
Two lawmakers ask U.S. regulator about Tesla crashes, safety probes
Top Stories
GSK, Sanofi and Haleon shares slump on Zantac litigation concerns
Top Stories
Inflation steers budget shoppers away from Walmart. Bringing them back may not be easy
Mercedes Benz becomes first partner of CATL’s new Hungary battery plant
Date: August 12, 2022
BERLIN (Reuters) -Mercedes-Benz is the first carmaker to receive cells from a new 7.34 billion euro ($7.56 billion) battery factory China’s CATL plans to build in Hungary, it said on Friday, adding this marked the highest initial order volume for the site. Mercedes-Benz said the agreement marked the next milestone towards its goal of reaching...
Britain considers energy bill subsidy for industrial firms
Date: August 12, 2022
LONDON (Reuters) -Britain is considering plans to subsidise power bills for energy intensive industries such as steel and cement, in an effort to support hundreds of businesses facing record high energy prices. The move comes weeks before a new prime minister is due to take office, with forecasts of a long recession and soaring inflation...
German regulator calls on Allianz to improve controls – source
Date: August 12, 2022
FRANKFURT (Reuters) – Germany’s financial watchdog BaFin has called on Allianz to improve its internal controls following fraud at its U.S. funds unit, a person with knowledge of the matter said on Friday, the latest development in a scandal that has dogged the company for two years. The regulator sent Allianz a letter with concrete...
Risk of new wildfires in southwestern France as heatwave persists
Date: August 12, 2022
By Stephane Mahe and Manuel Ausloos SAINT-MAGNE, France (Reuters) – High temperatures and a worsening drought brought a high risk of new fires breaking out in southwestern France, officials said on Friday, even after an overnight reprieve held a monster wildfire that has been raging for days in check. Firefighters from Germany, Romania and Greece...
FTSE 100 climbs on smaller-than-expected GDP contraction, GSK rebound
Date: August 12, 2022
By Sruthi Shankar (Reuters) – London’s FTSE 100 rose on Friday after data showed Britain’s economy contracted less than feared in the second quarter, while drugmaker GSK steadied after heavy selling this week on litigation concerns. The FTSE 100 rose 0.6% and was on course for a fourth straight weekly gain, while the FTSE 250...
Flutter’s full-year earnings turnaround forecast sends shares higher
Date: August 12, 2022
DUBLIN (Reuters) -Flutter posted a 20% fall in first-half earnings but saw no sign of cash-strapped customers betting less and expects to finish the year ahead of 2021 excluding a final year of losses in the U.S, sending its shares higher. The world’s largest online betting firm said on Friday that increased investment in its...