By Krishna N. Das NEW DELHI (Reuters) – The United States will not set any “red line” for India on its energy imports from Russia but does not want to see a “rapid acceleration” in purchases, a top U.S. official said on Thursday during a visit to New D…
BHP prepares for fresh battle against $6.6 billion Brazil dam lawsuit
By Kirstin Ridley LONDON (Reuters) – Anglo-Australian mining giant BHP is preparing to battle a resurrected 5 billion pound ($6.6 billion) lawsuit in London’s Court of Appeal next week, launched by around 200,000 Brazilians over a devastating dam failu…
H&M Q1 profit falls far short of expectations
By Anna Ringstrom STOCKHOLM (Reuters) -Sweden’s H&M on Thursday reported quarterly profits that were sharply below analysts’ expectations for the December to February period, as the impact of COVID-19, supply chain problems and investments weighed. In …
Cycling-UCI rules transgender cyclist Bridges ineligible for British event
(Reuters) – Transgender cyclist Emily Bridges will not compete at Saturday’s National Omnium Championships after governing body UCI ruled she is ineligible, British Cycling said. Bridges had been due to compete in her first women’s event in Derby, faci…
Macquarie Asset Management buys stake in UK renewable energy developer
LONDON (Reuters) – Macquarie Asset Management, part of Macquarie Group, said on Thursday it has agreed to buy a 50% stake in UK-based renewable energy developer Island Green Power for an undisclosed sum. Island Green Power develops utility-scale solar …
Euro, $ jumps vs Norwegian crown after central bank says to buy foreign currency
(Reuters) – The euro and the dollar jumped against the Norwegian crown as oil prices fell and after Norway’s central bank said it would buy foreign currency for its sovereign wealth fund in April. Norges Bank plans to exchange 2 billion crowns ($231.9 …
ECB concerned over indirect impact of Russia sanctions: Enria
FRANKFURT (Reuters) – Euro zone banks’ direct exposure to Russia is relatively minor but sanctions could still reverberate through the financial system through volatility in energy and commodity prices, European Central Bank supervisor Andrea Enria sai…
Oil prices dive as Biden weighs massive reserves release
By Florence Tan and Liz Hampton SINGAPORE (Reuters) – Oil prices dived more than $5 a barrel on Thursday as the United States is considering the release of up to 180 million barrels from its strategic petroleum reserve (SPR) over several months to calm…
Europe’s Russian gas in jeopardy, Ukraine girds for new attacks
By Vitalii Hnidyi and Pavel Polityuk TROSTYANETS/LVIV, Ukraine (Reuters) – President Vladimir Putin threatened on Thursday to halt contracts supplying Europe with a third of its gas unless they are paid in Russian currency, his strongest economic ripos…
Britain should strictly regulate “fire risk” e-scooters, insurers say
LONDON (Reuters) – Britain should place stringent regulations on electric scooters if their legal use is widened beyond current government trials, given the number of injuries from illegal vehicles and fire risks from their batteries, insurers said on …