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Greece asks EU for urgent response to soaring power prices, letter shows
Date: September 13, 2024
By Angeliki Koutantou and Kate Abnett ATHENS/BRUSSELS (Reuters) – Greece’s prime minister has asked the EU to urgently respond to soaring power prices in central and eastern Europe, which Athens said are being exacerbated by Russian attacks on Ukraine’s energy infrastructure. In a letter to the European Commission, seen by Reuters, Kyriakos Mitsotakis asked Brussels...
Nigerian communities seek $310 million from Shell, want asset sale stopped
Date: September 13, 2024
By Camillus Eboh ABUJA (Reuters) – Nigerian communities are claiming 505 billion naira ($310 million) in damages from Shell, which they accuse of breaching an existing court order by striking a deal to sell its onshore assets in the Niger Delta, court papers showed on Friday. Shell is set to exit Nigeria’s onshore oil...
British drugmaker GSK moves mRNA flu vaccine to late-stage trials
Date: September 13, 2024
(Reuters) -British drugmaker GSK announced on Thursday positive results from a mid-stage trial of its seasonal influenza vaccine programme using the messenger RNA (mRNA) technology, and said it would now progress to late-stage clinical development. The data showed that a vaccine candidate produced positive immune responses against both A and B flu strains in...
Lloyd’s of London plans overhaul of ‘unclear’ conduct rules
Date: September 12, 2024
LONDON (Reuters) – Lloyd’s of London said on Thursday it plans to overhaul its rules on dealing with poor conduct in the commercial insurance market as its current processes for dealing with bad behaviour could be “unclear”. The Lloyd’s of London market, which employs nearly 50,000 people across insurance underwriting and broking, has come under...
Oil prices climb 1% on fears over hurricane impact on US output
Date: September 12, 2024
By Arunima Kumar (Reuters) -Oil prices rose by more than 1% on Thursday to extend a rebound spurred by concern over Hurricane Francine’s impact on U.S. output, though a gloomy demand outlook capped gains. Brent crude futures for November rose 94 cents, or 1.3%, to $71.55 a barrel by 1205 GMT. U.S. crude futures for...
UK’s Boohoo to stop supplying US customers locally
Date: September 11, 2024
By James Davey LONDON (Reuters) -Online fashion retailer Boohoo said on Wednesday it would stop supplying U.S. customers from a site in Pennsylvania and return to fulfilling orders from Britain, in a strategy reversal it said would lead to an unquantified writedown. Boohoo shares were down 2% in early trade, extending 2024 losses to 32%,...