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InvestingUnilever, Commodity Stocks Send FTSE 100 to 4-week Highs
Top StoriesDsv Raises Outlook as Global Supply Snarls Keep Freight Rates High
Top StoriesRussian Gas Cut to Europe Hits Economic Hopes, Ukraine Reports Attacks on Coastal Regions
Top StoriesRussia’s Gazprom Tightens Squeeze on Gas Flow to Europe
Britain to Host 2023 Eurovision Song Contest on Ukraine’s Behalf
Date: July 25, 2022
LONDON (Reuters) – Britain will host next year’s Eurovision Song Contest on behalf of winners Ukraine due to the ongoing conflict there, the competition’s organisers said on Monday. While decades-long tradition dictates that the winner of the contest gets to host it the following year, the European Broadcasting Union (EBU) had said safety and security...
Russia Says Grain Deal Stands Despite Missile Attack on Ukraine’s Odesa
Date: July 25, 2022
By Pavel Polityuk and Max Hunder KYIV (Reuters) -Russia on Monday brushed aside Western and Ukrainian alarm that a missile strike by its forces on Ukraine’s port of Odesa could derail a U.N.-brokered deal aimed at easing global food shortages by resuming grain exports from the Black Sea region. The Kremlin said Saturday’s strike –...
Eutelsat in Talks on Possible All-Share Merger With UK’s OneWeb
Date: July 25, 2022
By Dominique Vidalon and Mathieu Rosemain PARIS (Reuters) -French satellite company Eutelsat said it was in talks over a possible all-share merger with British rival OneWeb, which could help both companies challenge the likes of Elon Musk-owned SpaceX’s Starlink and Amazon.com’s Project Kuiper. Eutelsat’s statement on Monday came after two sources close to the negotiations...
Oil Prices Tick up on Supply Concerns After Price Cap on Russian Oil
Date: July 22, 2022
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged up on Friday in choppy trading after Russia said it will not supply crude to countries that decide to impose a price cap on its oil. Brent crude futures rose 87 cents, or 0.8%, to $104.75 a barrel by 10:54 a.m. ET (1454 GMT), while U.S. West...
Dimmed Street Lights, Shorter Showers: Germany Leads Europe Energy Savings Drive
Date: July 22, 2022
By Sarah Marsh and Louisa Off BERLIN/AUGSBURG, Germany (Reuters) – Summer nights in the wealthy Bavarian city of Augsburg this year are eerily dark and quiet: The facades of historic buildings are not illuminated, street lights are dimmed and most of the fountains are not operating. Augsburg is among many cities around Germany to have...
Continental Beats Expectations With 4.4% Margin in Q2
Date: July 20, 2022
BERLIN (Reuters) -Continental reported better-than-expected sales of 9.4 billion euros ($9.63 billion) in the second quarter on Wednesday with an adjusted earnings margin of 4.4%, slightly above analysts’ expectations of 4.2%. The car parts supplier, which in May cut its earnings forecast to 4.7%-5.7% from 5.5-6.5%, confirmed the lower outlook in preliminary results ahead of...