By Foo Yun Chee BRUSSELS (Reuters) -U.S. life sciences company Illumina is in talks with European Union antitrust regulators to divest Grail ahead of an expected EU veto next week of its $7.1 billion acquisition of the biotechnology company, people familiar with the matter said. The European Commission is set to block the deal because…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose more than $2 a barrel on Monday, extending gains as OPEC+ producers agreed to cut oil output targets by 100,000 bpd in October, according to a source. Brent crude futures futures for November delivery rose $3.57 to $96.59 a barrel, a 3.8% gain, by 7:24 a.m. ET…
LONDON (AP) — As a child, Liz Truss marched in demonstrations against Conservative Prime Minister Margaret Thatcher. As an adult, she came to admire Britain’s first female leader — and now she is about to enter No. 10 Downing St. with a Thatcherite zeal to transform the U.K. Truss, Britain’s foreign secretary, was named winner…
BEIJING (AP) — China on Monday accused Washington of breaking into computers at a university that U.S. officials say does military research, adding to complaints by both governments of rampant online spying against each other. Northwestern Polytechnical University reported computer break-ins in June, the National Computer Virus Emergency Response Center announced. It said the center,…
KYIV, Ukraine (AP) — Europe’s largest nuclear plant was knocked off Ukraine’s electricity grid Monday, its last transmission line disconnected because of a fire caused by shelling, the facility’s operator and the U.N. atomic watchdog said. The International Atomic Energy Agency said it was informed Monday by Ukrainian authorities that the reserve line “was deliberately…
BERLIN (AP) — Germany’s government plans to publish the results on Monday of a highly anticipated study into how the country’s energy sector will cope with possible shortages in the coming months. The outcome of the so-called stress test could determine whether Germany delays the planned shutdown of its last three nuclear power plants at…
MOSCOW (AP) — A court in Moscow on Monday upheld a motion from Russian authorities to revoke the license of a top independent newspaper that for years has been critical of the Kremlin, the latest move in a months-long crackdown on independent media, opposition activists and human rights groups. The ruling against Novaya Gazeta, Russia’s…
BERLIN (Reuters) -Porsche’s potential stock market listing is central to funding Volkswagen’s electrification plans, the carmaker’s chief financial officer said on Monday ahead of a board meeting to discuss whether the listing will go ahead. Volkswagen’s management and supervisory boards will meet later on Monday to discuss whether the long-anticipated listing of Porsche should take…
By Susanna Twidale and Nora Buli LONDON/OSLO (Reuters) – European gas prices surged, share prices slid and the euro sank on Monday after Russia stopped pumping gas to Europe via a major supply route, sending a new tsunami through the European Union economy that has yet to recover from the COVID-19 pandemic. EU governments are…
FRANKFURT, Germany (AP) — OPEC and allied oil-producing countries, including Russia, made a small trim in their supplies to the global economy Monday, underlining their unhappiness as recession fears help drive down crude prices — along with the cost of gasoline, to drivers’ delight. The decision for October rolls back a mostly symbolic increase of…
