The slowdown in commercial activity in the United States is easing slightly; the euro zone returns to growth

Business activity in the United States is better than expected, but remains soft Eurozone records surprise return to modest growth UK PMI falls at fastest pace in two years, surveys show NEW YORK/LONDON, Jan 24 (Reuters) – The slowdown in business activity in the United States eased slightly in January, although it contracted for the … Read more

SLB wins business in Russia as oil rivals pull out after Ukraine invasion

Jan 19 (Reuters) – Following Moscow’s invasion of Ukraine, the world’s largest oil company SLB (SLB.N) has boosted its business in Russia by selecting service and equipment contracts for rivals who are gone, according to company documents and people familiar with its operations. While SLB’s continued embrace of Russia has drawn heavy criticism, interviews with … Read more

Exclusive: Shell’s energy transition sparked talks to sell Norway business

Shell and Harbor Energy held talks late last year The talks included Norway, Italy and some British assets Shell focuses on low-carbon renewables LONDON, Jan 10 (Reuters) – Shell (SHEL.L) held talks with Harbor Energy (HBR.L) to sell its Norwegian oil and gas fields last year but could not reach a deal in due to … Read more

AstraZeneca bolsters heart and kidney business with $1.8 billion deal with CinCor

AZN shares slip 1% on Monday Farxiga-baxdrostat combination could expand franchise – AZN exec Falling valuations of biotech companies could boost deal-making Jan 9 (Reuters) – AstraZeneca (AZN.L) said on Monday it has reached an agreement to buy U.S. drug developer CinCor Pharma Inc (CINC.O) for up to $1.8 billion to boost its stock of … Read more

The pace of the new climate, sustainable trade rules will not let up

LONDON, Dec 20 (Reuters) – The past year has been the busiest in history for climate and sustainability rule-making, with relentless expectations expected in 2023 as policymakers tighten the net around behavior unstable or fraudulent businesses. From Canada to South Africa, the rules proposed or implemented covered everything from promoting transparency in corporate supply chains … Read more

Soccer-In a dramatic year, the World Cup highlights the sport’s growth

Dec 20 (Reuters) – Lionel Messi’s World Cup fairytale lit up the year in football as heroism and heartbreak in the final captivated fans and highlighted the sport’s growth most popular in the world despite criticism from host country, human rights record Qatar. European leagues have long dictated the global football calendar, but world governing … Read more

Britain’s Labor Party strives to become ‘the business party’

Companies increasingly attracted by Labor Donations increase, electoral chances improve Conservatives hope to win back business LONDON, Dec 16 (Reuters) – After decades of funding Britain’s ruling Conservatives, businessman Gareth Quarry has switched allegiance and started donating to the opposition Labor Party, convinced that it offers more certainty and stability. The 63-year-old entrepreneur ditched the … Read more

Rugby-Black Ferns triumph highlights sport’s finicky side

Dec 15 (Reuters) – Nothing sums up the unpredictability of sport better than the final seconds of the Women’s Rugby World Cup final when heavy favorites England, after a 30-game winning streak, looked set for glory against New Zealand but found themselves helpless. England, far further down the road of professionalism than any of their … Read more

As recession looms, UK businesses send SOS loans

Costlier credit, on tighter terms as banks assess risk Some business owners use their own money to fill in the gaps Funding crisis could deal another economic blow to Britain LONDON, Nov 17 (Reuters) – As inflation soars and recession looms, many British businesses are struggling to get affordable bank finance, putting pressure on the … Read more

Biden and Xi to meet ahead of G20, Musk addresses business forum by candlelight

NUSA DUA, Indonesia, Nov 14 (Reuters) – Chinese leader Xi Jinping will arrive on the Indonesian island of Bali on Monday for a long-awaited meeting with U.S. President Joe Biden ahead of the tension-laden Group of 20 (G20) summit about Russia’s invasion of Ukraine. The two leaders are expected to discuss the nuclear ambitions of … Read more