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The unwitting winners of France’s drought: salt farmers
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Finding opportunities amid rising inflation
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Europe’s summer travel chaos
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Oil holds near multi-month lows on demand worries
Cenovus to buy remaining 50% stake in Toledo refinery from BP
Date: August 8, 2022
(Reuters) -Cenovus Energy Inc will buy the remaining 50% stake it does not already own in Ohio-based BP-Husky Toledo Refinery for $300 million from British energy firm BP PLC, the Canadian company said on Monday. The deal marks a continuation of BP’s reshaping of its North American oil and gas operations, as it tries to...
PostNL cuts profit forecast, plans price increases to cope with higher costs
Date: August 8, 2022
By Elitsa Gadeva (Reuters) -Dutch postal company PostNL on Monday cut its 2022 earnings outlook for the second time this year and said it would raise prices in 2023 to combat soaring costs and waning e-commerce volumes. Postal operators, who benefited from a surge in online shopping during coronavirus lockdowns, now face higher labour and...
Russian stocks rebound as Moscow Exchange delays return of some foreign investors
Date: August 8, 2022
(Reuters) -Russian stocks were given a reprieve and the rouble strengthened on Monday after the country’s top stock exchange decided not to allow some foreign investors to trade Russian shares for the first time since February. Traders expect that if foreign investors return some will immediately sell shares, given the uncharted waters of an equity...
Turkey offers ‘a warehouse and bridge’ for metals trade to Russia
Date: August 8, 2022
By Ceyda Caglayan ISTANBUL (Reuters) – Western sanctions have given the Turkish metals sector a chance to serve as “warehouse and bridge”, the head of an industry group said, citing increased interest from Russian companies and also from EU companies seeking to sell to Russia via Turkey. The West, including Britain and European Union countries,...
Companies in China distance themselves from Taiwan amid Pelosi backlash
Date: August 8, 2022
By Eduardo Baptista BEIJING (Reuters) – From a Chinese soy sauce maker to an Asia-focused asset manager, companies in China are rushing to distance themselves from geopolitical tensions over Taiwan following last week’s visit to the island by a high-profile U.S. official. China claims self-ruled Taiwan as its territory, and the visit by U.S. House...
Ryanair to appeal against Hungary’s ‘baseless’ consumer protection fine
Date: August 8, 2022
By Gergely Szakacs BUDAPEST (Reuters) – Budget airline Ryanair said it would appeal to the courts after Hungary fined it for passing on the cost of a special business tax, worth 800 billion forints ($2.1 billion) in total, following a consumer protection investigation. Nationalist Prime Minister Viktor Orban’s government in May announced the special tax...