BERLIN (AP) — German Chancellor Olaf Scholz ordered ministers Monday to prepare to keep all of the country’s three remaining nuclear plants running until mid-April, putting his foot down on an issue that had threatened to split his three-party government. The decision comes as Germany tries to prevent a possible energy crunch due to cuts…
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project. Exxon did not say if it received any compensation for the assets, which…
By Arunima Kumar and Ruhi Soni (Reuters) -Continental Resources Inc said on Monday it had agreed to a higher offer from billionaire-founder Harold Hamm to take the U.S. shale producer private at a valuation of about $27 billion. Hamm, a legendary oilman who once called the Organization of the Petroleum Exporting Countries a “toothless tiger”,…
STOCKHOLM (AP) — Sweden’s parliament on Monday elected conservative leader Ulf Kristersson as prime minister at the head of a center-right coalition that has promised to crack down on crime and curtail immigration in partnership with a populist party with far-right roots. Kristersson, 58, was elected in a 176-173 vote and will present his government…
BERLIN (AP) — Germany announced Monday that it is issuing fines of 5.125 million euros ($5 million) against the operators of the messaging app Telegram for failing to comply with German law. The Federal Office of Justice said Telegram FZ-LLC hasn’t established a lawful way for reporting illegal content or named an entity in Germany…
By Dawn Chmielewski (Reuters) – Short-video platform Triller Inc is the latest company to stake its claim in the metaverse with the launch Monday of a new platform called Metaverz. Triller said its Metaverz provides virtual spaces where users can gather to watch live music and sporting events, such as Bare Knuckle Fighting Championship or…
By Nidhi Verma MOSCOW/NEW DELHI (Reuters) – Russia’s biggest oil exporter Rosneft has expanded its tanker chartering business to ease oil shipments for buyers amid looming Western sanctions on insurance of Russian oil shipments, three sources familiar with the matter said. Previously, state-controlled Rosneft, which produces more than 40% of Russian oil, would sell…
By Noah Browning LONDON (Reuters) -Oil prices edged up on Monday in choppy trading as China’s continuation of loose monetary policy was partly offset by fears that high inflation and energy costs could drag the global economy into recession. Brent crude futures rose 97 cents, or 1.1%, to $92.60 a barrel by 1406 GMT, recovering…
(Reuters) – Bank of America is satisfied with its headcount for now, Chief Financial Officer Alastair Borthwick told journalists in a conference call on Monday. The company added about 5,000 employees in the third quarter, Borthwick said after the company reported reported a 9% drop in third-quarter profit on Monday. (Reporting by Lananh Nguyen in…
Credit Suisse has agreed to pay $495 million as part of a settlement with the U.S. over a yearslong dispute tied to mortgage-backed securities, an investment vehicle that played a central role in the 2008 financial crisis. The Swiss bank said that some of the transactions were prior to 2008. The New Jersey Attorney General,…
