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Top StoriesRussia’s Plane Shortage Holds Air Travel Back as Wartime Wages Drive Demand
Top StoriesNew Witcher Game Enters Production Phase at Poland’s Cd Projekt
BusinessUK’s Ao Expects Better Black Friday and Raises Profit Outlook
InvestingEuropean Stocks Off Two-Week Highs as Energy Stocks Weigh
Adani Group Could Find Funding Harder After US Indictment as Banks Review Credit
Date: November 22, 2024
By Scott Murdoch and Tom Westbrook (Reuters) -Gautam Adani’s conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, with some banks considering halting fresh credit to the Indian group due to an alleged $265 million bribery scheme. Some global banks are considering temporarily halting fresh credit to...
John Prescott, Pugnacious Deputy UK PM to Tony Blair, Dies at 86
Date: November 21, 2024
By Kate Holton LONDON (Reuters) -John Prescott, the pugnacious deputy prime minister to Britain’s Tony Blair during his 10 years in government, has died aged 86 after a battle with Alzheimer’s, his family said on Thursday. Prescott, who served under Blair from 1997 to 2007, was known as a plain-speaking politician who bridged the divide...
Norway’s Equinor Cuts 20% of Staff at Renewables Unit
Date: November 21, 2024
By Nerijus Adomaitis and Nora Buli OSLO (Reuters) – Norway’s Equinor is trimming 20% of the staff from its renewable energy division and will compete for a smaller number of new projects as it streamlines the business unit, the company told Reuters on Thursday. The global offshore wind sector, in which Equinor is a significant...
Factbox-Top 20 Global Family-Owned Retail Businesses
Date: November 20, 2024
By Linda Pasquini and Agata Rybska (Reuters) – Japan’s Seven & i Holdings received a buyout proposal from a member of its founding Ito family last week, a potential $58 billion white-knight bid which would see the company go private and allow it to continue operating under current management. Many global retailers have opted to...
Stocks Rise With Cooling Geopolitics Ahead of Nvidia Earnings
Date: November 20, 2024
By Amanda Cooper LONDON (Reuters) – Global shares rose on Wednesday as a cooling of tensions between Russia and the West injected some confidence among investors ahead of earnings from artificial intelligence darling Nvidia, while bitcoin hit a new record high and the dollar edged up. Safe-haven assets such as gold and government bonds got...
Spain Considering Support for Potential Sidenor Bid for Talgo
Date: November 20, 2024
MADRID (Reuters) -The Spanish government is considering financial support for the partial or total purchase of train manufacturer Talgo by Basque steel maker Sidenor, Transport Minister Oscar Puente said. “We are here to help Talgo on its path of seeking more industrial capacity and a new shareholder composition, which will also give it stability in...