European shares slip on US debt ceiling concerns
By Sruthi Shankar and Ankika Biswas (Reuters) -European shares slipped on Wednesday as concerns about whether the United States can…
Business
Russian economy shrank 1.9% in first quarter – stats service
(Reuters) – Russia’s economy shrank 1.9% year-on-year in the first quarter of 2023, data from the Rosstat federal statistics service…
BP unit to pay record $40 million to settle U.S. air pollution civil charges
By Sarah N. Lynch and Laura Sanicola WASHINGTON (Reuters) – A subsidiary of BP plc will pay a record-setting $40…
At Cannes, independent film firms optimistic as streamers stumble
By Miranda Murray CANNES (Reuters) – Independent film companies facing a market upended by the entry of streaming services are…
Subsidy cuts could derail Thyssenkrupp green steel project -labour bosses
By Tom Käckenhoff and Christoph Steitz DUESSELDORF/FRANKFURT (Reuters) -Thyssenkrupp’s labour bosses cranked up the pressure on Berlin to help fund…
China’s Tencent marks return to revenue growth in first quarter
By Josh Ye HONG KONG (Reuters) -China’s Tencent Holdings Ltd marked a return to revenue growth in the first quarter…
Global debt on the rise, EM crosses $100 trillion mark – IIF
By Rodrigo Campos NEW YORK (Reuters) – A measure of debt across the globe rose in the first quarter to…
Tencent cuts cloud service prices up to 40% to fend off rivals
By Josh Ye HONG KONG (Reuters) -Chinese internet giant Tencent Holdings is cutting prices for cloud services by up to…
Italy posts largest trade surplus in almost two years as imports drop
(Reuters) -Italy posted a trade surplus with the rest of the world of 7.5 billion euros ($8.3 billion) in March,…
Stellantis tells UK to change Brexit deal or see car plants close
By Kate Holton and Nick Carey LONDON (Reuters) – British car plants will close with the loss of thousands of…