By Louise Rasmussen, Ron Bousso and Nerijus Adomaitis COPENHAGEN/LONDON/OSLO (Reuters) -Shell and Norway’s Equinor will merge their British North Sea assets to form what is set to be the ageing basin’s largest oil and gas company, the pair said on Thursday. The 50-50 joint venture, to be based in Aberdeen, Scotland, will pool the companies’ …
Shell and Equinor form UK North Sea oil and gas joint venture Read More »
By Stephen Nellis (Reuters) – Italian startup iGenius and Nvidia on Thursday said they are planning to bring online one of the world’s biggest deployments of Nvidia’s newest servers by the middle of next year in a data center in southern Italy. iGenius is building a data center that will house about 80 of Nvidia’s …
Italian startup iGenius and Nvidia to build major AI system Read More »
(Reuters) – Corio Generation, the UK-based offshore wind developer backed by Australia’s Macquarie Group, plans to cut a small number of jobs roles, a company spokesperson told Reuters on Thursday. Ballooning costs due to technical and supply chain problems and high interest rates has had many offshore wind sector companies review investments or undertake restructurings. …
Macquarie-backed offshore wind developer Corio starts job cuts Read More »
(Reuters) – Air Products said on Thursday Paul Hilal-backed activist investor Mantle Ridge has withdrawn its proposal to replace the company’s entire board and will now go ahead with fewer than half of its previously nominated candidates. The news sent the company’s shares down more than 4% in morning trading, indicating disappointment among shareholders who …
Mantle Ridge scales back Air Products board overhaul, withdraws some nominations Read More »
By Anastasiia Malenko KYIV (Reuters) – A month before turning 18, Kyiv native Roman Biletskyi left his family and boarded a train westwards to escape Ukraine and any prospect of fighting in its grinding war. “I delayed the decision until the very end,” he told Reuters from his college dorm in Slovakia where he travelled …
Ukraine’s teenage boys fear a dark dilemma: Fight or run Read More »
PARIS (Reuters) – French President Emmanuel Macron asked ousted Prime Minister Michel Barnier and his government to stay on in caretaker capacity until a new prime minister is nominated, the Elysee said in a statement on Thursday. (Reporting by Tassilo Hummel, editing by Benoit Van Overstraeten)
By Maytaal Angel LONDON (Reuters) – Global coffee prices have soared to their highest in nearly 50 years due to poor weather in Brazil and Vietnam, forcing roasters such as Nestle to raise prices and consumers to hunt for cheaper brews amid the cost of living crisis. Spiking prices will benefit farmers with the crop …
Why are coffee prices trading near half-century highs? Read More »
By Charlotte Van Campenhout and Marine Strauss BRUSSELS (Reuters) – Former EU Commissioner for Justice Didier Reynders is under investigation by Belgian authorities for alleged money laundering, the spokesperson for the Brussels public prosecutor general said on Thursday. Belgian authorities started investigating in 2023 after complaints from both the Belgian National Lottery and the Belgian …
Ex-EU commissioner Reynders under investigation for alleged money laundering Read More »
MOSCOW (Reuters) – A Russian court on Thursday rejected Raiffeisen Bank International’s appeal against the freezing of shares in its local arm, as part of a lawsuit brought by Russian investment company Rasperia, court filings showed. Rasperia is seeking around $2 billion in compensation after RBI dropped a bid for Rasperia’s frozen stake in Vienna-based …
Russian court rejects Raiffeisen appeal against share freeze Read More »
By George Obulutsa NAIROBI (Reuters) -Kenya’s central bank cut its benchmark lending rate by a larger-than-expected 75 basis points to 11.25% on Thursday, saying there was room for looser policy to support economic growth as inflation was under control. It is the third policy meeting in a row where the Central Bank of Kenya has …
Kenya cuts main rate more than expected to stimulate growth Read More »
