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20 May

EDF delays UK nuclear project to 2027, ups price by 3 billion pounds

Britain's first new nuclear plant in decades is expected to be delayed by around a year to 2027 and its price raised by 3 billion pounds ($3.74 billion) EDF, the French company behind the project said.

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20 May

Zurich Insurance to exit Russia by selling business to local team

Zurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurer became the latest Western firm to exit Russia.

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20 May

Air France-KLM in talks with Apollo on 500 million euro cash injection

PARIS (Reuters) -Air France-KLM said on Friday it had entered exclusive talks with private equity firm Apollo for a 500 million euro ($529 million) capital injection for one of its engineering and maintenance units to help repay French state aid.

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20 May

Prosus to sell Russian online marketplace Avito, formerly worth $6 billion

Prosus, the Dutch-based technology investor, said on Friday it would seek a buyer for its Russian online marketplace Avito.

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20 May

Indonesia to reimpose local palm oil sales rule as it ends export ban

Indonesia will reimpose a domestic sales requirement on palm oil, the government said on Friday, a day after the world's biggest producer of the key edible oil reversed a ban on its export.

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20 May

China quietly increases purchases of low-priced Russian oil

China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data and oil traders who spoke to Reuters, filling the vacuum left by Western buyers backing away from business with Russia after its invasion of Ukraine in February.

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20 May

Analysis-Fearing Russian cutoff, German industry braces for gas rations race

German big business is drafting a plan to use an auction system to help ration available supplies in the event Russia cuts off its gas, although some fear it could punish smaller firms.

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Latest Articles

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  • China receives US equipment to make advanced chips despite new rules-report
  • U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
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