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

Factbox: Iran’s Revolutionary Guards: From Military Operations to Business Empire

DUBAI, Jan 19 (Reuters) – Iran’s Armed Forces General Staff, which coordinates activities between its conventional army and the Revolutionary Guard Corps, warned the European Union on Thursday not to classify the force as elite as a terrorist entity, state media reported. On Wednesday, the European Parliament called on the EU to list the Revolutionary … 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

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

Analysis: Nature Accord Gets Funding, Companies Approve, But Barriers Remain

COP15 conference reaches historic agreement to protect nature Business and finance leaders now focus on national rules Concerns about the pace and scale of capital flows to nature MONTREAL, Dec 20 (Reuters) – A landmark agreement to protect nature will put biodiversity on the to-do list for businesses and financial firms – creating bureaucracy but … Read more

Qatar strikes 27-year LNG deal with China as competition intensifies

Talks with other Chinese and European buyers underway -Kaabi Says buyers can take up to 5% stake in expansion Agreement indicates importance of long-term secure supply DOHA, Nov 21 (Reuters) – QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas in the longest LNG deal to date as volatility drives … Read more

Exclusive: US plans to send 100-mile strike weapon to Ukraine

WASHINGTON, Nov 28 (Reuters) – The Pentagon is considering a Boeing proposal to supply Ukraine with small, inexpensive precision bombs mounted on abundantly available rockets, allowing Kyiv to strike far behind Russian lines as the West is struggling to meet the demand for additional armaments. US and allied military stocks are dwindling and Ukraine faces … 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

Exclusive: Indian power producer NTPC to sell stake in green energy company – sources

NEW DELHI, Dec 14 (Reuters) – India’s biggest power producer NTPC Ltd (NTPC.NS) is aiming to sell a 20% stake in its green power business this financial year, expecting to raise up to 30 billion Indian rupees ($363.97 million), three government sources said. The deal marks the first green transaction by an Indian state-owned company, … Read more

Businesses in China’s Wuhan face new worries after COVID easing

WUHAN, China, Dec 12 (Reuters) – Infections are giving a new boost to many small businesses in China’s central city of Wuhan, despite the easing of the toughest restrictions last week. As the sick and those fearful of infection stay at home, hopes for a better outlook after the lockdowns end are evaporating, at least … Read more