MILAN (Reuters) – Exor, the holding company of Italy’s Agnelli family, said on Thursday it had agreed to increase by $328 million the cash price it would receive for the planned sale of its PartnerRe reinsurer thanks to its solid performance last year….
Oil slides 2% as EU fails to boycott Russian crude
By Scott DiSavino NEW YORK -Crude prices slid 2% on Thursday after the European Union (EU) could not agree on a plan to boycott Russian oil and on reports that exports from Kazakhstan’s Caspian Pipeline Consortium (CPC) terminal could partially resume….
SAP winds down Russia activities further, ending cloud services
FRANKFURT (Reuters) – German business software giant SAP on Thursday said it would shut down its cloud operations in Russia, withdrawing further from the country after stopping sales in Russia earlier this month. “Russia’s ongoing unjustified war is a …
Exclusive: Lukoil’s global trading arm scales back operations following sanctions
By Laura Sanicola and Julia Payne (Reuters) – The Swiss trading arm of Russian energy giant Lukoil has scaled back operations after the oil company cut its supply of capital to guarantee nearly $1 billion in margin calls in the wake of Western sanction…
Donald Trump sues Hillary Clinton, others over 2016 Russian collusion allegations
By Jan Wolfe and Jonathan Stempel WASHINGTON (Reuters) -Donald Trump on Thursday sued his rival in the 2016 U.S. presidential election, Hillary Clinton, and several other Democrats, alleging that they tried to rig that election by tying his campaign to…
Sanctions see Russians panic buy anti-depressants, sleeping pills -data
(Reuters) – Russians have rushed to stock up on anti-depressants, sleeping pills and contraceptives among other products since the conflict in Ukraine began, data released on Thursday showed, with people buying a month’s worth of medicine in just two w…
Russian demand for rouble gas payments would be breach of contract, EU leaders say
By Kate Abnett BRUSSELS (Reuters) – Leaders from some European Union member states said on Thursday Russia’s demand that “unfriendly” countries use roubles to buy for its oil and gas could breach supply contracts. President Vladimir Putin’s demand on W…
COVID booster provides protection for over-65s after 15 weeks -UK data
By Jennifer Rigby LONDON (Reuters) – A booster dose of vaccine against COVID-19 continues to provide robust protection against hospitalisation for older people nearly four months after getting the third dose, new data from the UK’s Health Security Agen…
Second Unaoil conviction quashed in further blow to UK fraud office
By Kirstin Ridley LONDON (Reuters) -A second man convicted in Britain over how oil contracts were secured in post-occupation Iraq has had his conviction overturned by a London court, further unravelling a blockbuster bribery case prosecuted by the UK S…
West unites to back Ukraine and seek ‘ruinous cost’ for Putin
By John Chalmers and Pavel Polityuk BRUSSELS/LVIV/MARIUPOL, Ukraine (Reuters) – Western leaders agreed on Wednesday to strengthen their forces on Europe’s eastern flank, increase military aid to Ukraine and tighten sanctions on Russia whose invasion an…