By Erwin Seba HOUSTON (Reuters) -Oil prices edged higher on Friday on strong economic data in the euro zone and Britain, but futures fell for the week as interest rate and demand uncertainty weighed. Brent futures settled up 56 cents at $81.66 per barrel. U.S. West Texas Intermediate crude (WTI) rose 50 cents to $77.87…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar was little changed to slightly higher against major currencies on Friday, as business activity data suggested that the world’s largest economy remained resilient, supporting expectations of another 25-basis-point interest rate increase by the Federal Reserve at next month’s policy meeting. Against commodity currencies, the greenback…
MILAN (Reuters) – Italy’s antitrust authority said on Friday it had taken measures against Meta Platforms over allegations it abused its position in the country, part of an investigation of music rights. Meta, the U.S. company which owns Facebook, WhatsApp and Instagram, last month failed to reach a deal with the Italian society of authors…
By Andrey Sychev and Supantha Mukherjee (Reuters) – Business software maker SAP on Friday reported first-quarter revenue above analysts’ expectations, backed by growth in its cloud business but lowered its outlook for the year due to the divestment of its Qualtrics unit. SAP, which in January announced plans to cut 3,000 jobs as it looked…
RAMSTEIN AIR BASE, Germany (Reuters) -The United States said it will soon start training Ukrainian troops to use its Abrams tank and Germany announced a deal to establish a Polish hub to repair tanks as the U.S. hosted a meeting of allies on Friday. The meeting at Ramstein Air Base, the latest in a series…
LONDON (Reuters) – Former Barclays investor Edward Bramson on Friday questioned how the British bank and its chairman Nigel Higgins vetted its ex-CEO Jes Staley over his earlier business ties to sex trafficker Jeffrey Epstein. Activist investor Bramson said in a letter seen by Reuters that Higgins had told him that he had never asked…
By Gram Slattery and James Oliphant WASHINGTON (Reuters) -Florida Governor Ron DeSantis, who is expected to run for the 2024 Republican presidential nomination, is set to begin a trip abroad on Saturday taking him through Japan, South Korea, Israel and the United Kingdom. While the trip is officially billed as a trade mission, the tour…
By Kylie Madry MEXICO CITY (Reuters) – MG Motor is launching a plug-in hybrid SUV in Mexico, the carmaker said on Thursday, as the market for hybrid and electric vehicles in the Latin American country heats up despite a lack of infrastructure and high costs for locals. The hybrid eHS model is set to hit…
PARIS (Reuters) – French police are involved in an ongoing investigation relating to a probe by EU antitrust regulators into possible violations by European luxury companies, a police spokesperson said on Friday. The European Commission said on Tuesday that antitrust regulators had raided companies in the fashion sector in multiple EU countries, but did not…
By Anait Miridzhanian and Carien du Plessis JOHANNESBURG (Reuters) – Ukrainian activist Oleksandra Romantsova this week suggested to South African officials that it would be better for Russian President Vladimir Putin to dial in to this year’s BRICS summit in South Africa rather than attend in person. The International Criminal Court (ICC) issued an arrest…
