Headlines

EU seeks to break impasse over gas price caps, ‘no regret’ plan floated

EU seeks to break impasse over gas price caps, ‘no regret’ plan floated

By Kate Abnett and Robert Muller PRAGUE/BRUSSELS (Reuters) – The question of how, when and whether to cap gas prices loomed over..

Austria plans to bring budget deficit within 3% of GDP next year

Austria plans to bring budget deficit within 3% of GDP next year

VIENNA (Reuters) – Austria plans to bring its budget deficit within the European Union’s limit of 3% of gross domestic pro..

UK economy on brink of recession as it shrinks in August

UK economy on brink of recession as it shrinks in August

By William Schomberg and Andy Bruce LONDON (Reuters) – Britain’s economy looks set to go into recession as data showed it ..

Swedish energy minister: need to decouple gas from electricity price

Swedish energy minister: need to decouple gas from electricity price

PRAGUE (Reuters) – The European Union needs to find a way to decouple gas and electricity prices, Swedish energy minister Khasha..

Mercedes-Benz and Microsoft collaborate on supply chain data platform

Mercedes-Benz and Microsoft collaborate on supply chain data platform

BERLIN (Reuters) – Mercedes-Benz and Microsoft announced a partnership on Wednesday using Microsoft Cloud for a data platform in..

Russian missiles hit 30% of Ukraine’s energy infrastructure in two days – minister

Russian missiles hit 30% of Ukraine’s energy infrastructure in two days – minister

(Reuters) – Russia hit about 30% of Ukraine’s energy infrastructure in its missile attacks on Monday and Tuesday, Ukraine&..

EFG International says profitability improved in first nine months

EFG International says profitability improved in first nine months

ZURICH (Reuters) -EFG International said it had seen a “significant increase” in underlying net profit for the first nine ..

Twitter reviews policies around permanent user bans – FT

Twitter reviews policies around permanent user bans – FT

(Reuters) -Twitter Inc is reviewing its policies around permanently banning users, possibly bringing its content moderation in line wi..

Meta’s new Quest Pro headset, mixing real and virtual worlds, makes debut

Meta’s new Quest Pro headset, mixing real and virtual worlds, makes debut

By Katie Paul (Reuters) -Meta Platforms unveiled its Quest Pro virtual and mixed reality headset on Tuesday, marking a milestone for C..

Analysis-Fearing war in Xi’s next term, Taiwan bolsters defences

Analysis-Fearing war in Xi’s next term, Taiwan bolsters defences

By Yimou Lee and Ben Blanchard TAIPEI (Reuters) – Taiwan is bolstering its defences and steeling itself for the possibility of w..

Factbox-Ticking bomb: The risks the IMF sees to financial stability

Factbox-Ticking bomb: The risks the IMF sees to financial stability

(Reuters) – The International Monetary Fund warned on Tuesday of a disorderly repricing in markets, saying global financial stab..

British pensions step up multi-billion-pound asset fire sale as need for cash soars

British pensions step up multi-billion-pound asset fire sale as need for cash soars

By Tommy Wilkes and Carolyn Cohn LONDON (Reuters) – UK pension schemes are racing to raise hundreds of billions of pounds to sho..

Germans told to unite over energy crisis amid EU divisions

Germans told to unite over energy crisis amid EU divisions

By Rachel More and Paul Carrel BERLIN (Reuters) – Germany can weather a winter gas shortage caused by Russia’s war on Ukra..

Stocks tumble globally on raft of economic, political worries

Stocks tumble globally on raft of economic, political worries

By Sinéad Carew and Dhara Ranasinghe LONDON/NEW YORK (Reuters) – MSCI’s global index of stocks hit its lowest level in alm..

Sterling snaps four-day drop, but gilt-market havoc tempers gains

Sterling snaps four-day drop, but gilt-market havoc tempers gains

By Amanda Cooper LONDON (Reuters) -The pound snapped a four-day streak of losses on Tuesday in a volatile session, in which the Bank o..

Stellantis aims to boost recycled material content in vehicles

Stellantis aims to boost recycled material content in vehicles

MILAN (Reuters) -Stellantis will look to upgrade its medium-term target for the minimum percentage of recycled material in its vehicle..

U.S. dollar drifts higher; yen heads toward level that prompted intervention

U.S. dollar drifts higher; yen heads toward level that prompted intervention

By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters) -The U.S. dollar edged higher in choppy trading on Tuesday, add..

Damien Hirst burns artworks after collectors pick their NFTs instead

Damien Hirst burns artworks after collectors pick their NFTs instead

By Marie-Louise Gumuchian LONDON (Reuters) – Britain’s Damien Hirst started burning hundreds of his artworks on Tuesday af..

Explainer-Why is Bank of England acting again? What next in the UK crisis?

Explainer-Why is Bank of England acting again? What next in the UK crisis?

LONDON (Reuters) – The Bank of England again sought to stem a sharp sell-off in Britain’s 2.1 trillion pound ($2.3 trillio..

Oil falls more than 2% on recession and China COVID fears

Oil falls more than 2% on recession and China COVID fears

By Alex Lawler LONDON (Reuters) – Oil slid more than 2% on Tuesday, extending losses of nearly 2% in the previous session, as re..

Scholz: if Germany continues to adapt, we will make it through winter

Scholz: if Germany continues to adapt, we will make it through winter

BERLIN (Reuters) – Germany will make it through the winter if citizens, companies and policymakers continue to adapt to the coun..

Spain’s Cepsa signs green hydrogen shipping deal with Rotterdam port

Spain’s Cepsa signs green hydrogen shipping deal with Rotterdam port

MADRID (Reuters) -Spanish oil and gas group Cepsa has signed a deal with the Dutch port of Rotterdam to ship green hydrogen from south..

France says Belarus could face more sanctions if it gets increasingly involved in Ukraine conflict

France says Belarus could face more sanctions if it gets increasingly involved in Ukraine conflict

PARIS (Reuters) – Belarus could face more sanctions if it gets more and more involved in the Ukraine conflict, French Foreign Af..

Billionaire investor Yuri Milner relinquishes Russian citizenship

Billionaire investor Yuri Milner relinquishes Russian citizenship

(Reuters) – Israeli-Russian billionaire Yuri Milner said on Monday he has renounced his Russian citizenship after leaving the co..

Italy’s CDP and partners ask TIM for more time for network deal

Italy’s CDP and partners ask TIM for more time for network deal

By Elvira Pollina MILAN (Reuters) -Italian state lender CDP and its partners have asked for more time to clinch a deal to buy Telecom ..

Diagnostics firm Bio-Rad in talks to merge with Qiagen – WSJ

Diagnostics firm Bio-Rad in talks to merge with Qiagen – WSJ

(Reuters) -California-based diagnostics company Bio-Rad Laboratories is in talks to merge with Qiagen NV, the Wall Street Journal repo..

Colombia appeals in WTO frozen fries dispute with EU

Colombia appeals in WTO frozen fries dispute with EU

GENEVA (Reuters) – Colombia launched an appeal on Monday against a finding largely backing the European Union in a World Trade O..

Honeywell announces new ethanol-to-jet fuel technology

Honeywell announces new ethanol-to-jet fuel technology

By Stephanie Kelly NEW YORK (Reuters) -Tech firm Honeywell International Inc will roll out technology that could increase supplies of ..

Factbox-Automakers accelerate drive to secure battery raw materials

Factbox-Automakers accelerate drive to secure battery raw materials

(Reuters) – Rising demand for electric vehicles (EV) around the world is encouraging automakers such as Tesla Inc, Volkswagen an..

Monte dei Paschi to have underwriting consortium for share sale by Tuesday – source

Monte dei Paschi to have underwriting consortium for share sale by Tuesday – source

ROME (Reuters) – Monte dei Paschi di Siena will be able to sign by Tuesday a contract with a group of banks which are due to und..

UAE’s ADNOC to open Swiss trading office next year

UAE’s ADNOC to open Swiss trading office next year

LONDON (Reuters) – The trading arm of Abu Dhabi National Oil Co (ADNOC) is set to open an office in Geneva next year and a repre..

London Ambulance Service workers to vote on strike action – union

London Ambulance Service workers to vote on strike action – union

LONDON (Reuters) -London’s Ambulance Service will ballot its members on whether to carrying out strike action over a pay dispute..

Crimea bridge blast: why is bridge important and what happened to it

Crimea bridge blast: why is bridge important and what happened to it

LONDON (Reuters) – The road-and-rail bridge linking Russia and the Crimean peninsula was damaged in a powerful blast on Saturday..

Quantuma advises EC Electronics on funding package

Quantuma advises EC Electronics on funding package

Business advisory firm Quantuma advised EC Electronics on its recent funding from Rockpool Investments. The investment supports EC Ele..

EU countries eye deal on more energy measures within weeks

EU countries eye deal on more energy measures within weeks

By Kate Abnett BRUSSELS (Reuters) – European Union countries will seek a November deal on more emergency measures to tackle high..

Factbox-European companies offer one-off bonuses, hike pay amid cost-of-living crisis

Factbox-European companies offer one-off bonuses, hike pay amid cost-of-living crisis

(Reuters) -Companies across Europe are offering one-off bonuses and are under pressure to increase pay to help staff with surging food..

Banking crisis breakthroughs win Nobel economics prize for Bernanke, Diamond, Dybvig

Banking crisis breakthroughs win Nobel economics prize for Bernanke, Diamond, Dybvig

By Simon Johnson and Johan Ahlander STOCKHOLM (Reuters) – A trio of U.S. economists including former Federal Reserve Chair Ben..