By Gwladys Fouche and Terje Solsvik OSLO (Reuters) -A planned strike among Norwegian oil and gas workers next week could cut the country’s overall petroleum output by around 8% unless a last-minute agreement is found over wage demands, a Reuters calcul…
Second half begins with rally in stocks, fall in yields
By Caroline Valetkevitch NEW YORK (Reuters) – The second half of the year started with gains in global stock indexes on Friday ahead of the long U.S. holiday weekend, while the 10-year Treasury yield fell the most since COVID-19 hit markets in March 20…
Muted start to new quarter for European equities as recession worries weigh
By Devik Jain (Reuters) -European shares closed flat on Friday as gains in defensives countered a sell-off in semiconductor and commodity-linked stocks, while investors prepared for the European Central Bank’s (ECB) first interest rate hike in over a d…
Norway pledges 1 billion euros to support Ukraine
(Reuters) – Norway on Friday pledged 1 billion euros ($1.04 billion) to help Ukraine defend itself, support people in need and for reconstruction in the wake of Russia’s invasion. Addressing a news conference in Kyiv alongside Ukrainian President Volod…
One in five flights from Paris CDG airport to be cancelled Saturday morning – BFM TV
PARIS (Reuters) – One in five flights from Paris’ international Roissy-Charles de Gaulle airport is expected to be cancelled on Saturday morning due to the continuation of a strike movement, BFM TV said, quoting France’s civil aviation authority. (Repo…
Agnelli’s Exor expands in healthcare with 10% stake in Institut Merieux
MILAN (Reuters) -Italy’s Agnelli family, whose investments include carmaker Stellantis and soccer club Juventus, is set to buy a slice of French healthcare group Institut Merieux for 833 million euros ($867 million) through its Exor holding company. Th…
Motor racing-Hamilton removes nose stud ahead of British GP practice
SILVERSTONE, England (Reuters) – Seven-times world champion Lewis Hamilton backed down in a spat with Formula One’s governing body and removed a nose stud before taking part in practice for the British Grand Prix at Silverstone on Friday. An FIA spokes…
Oil jumps nearly 3% as supply outages outweigh recession fears
By Laila Kearney NEW YORK (Reuters) -Oil prices rose nearly 3% on Friday as supply outages in Libya and expected shutdowns in Norway outweighed expectations that an economic slowdown could dent demand. Brent crude futures were up $2.71, or 2.5%, at $11…
Exclusive: Germany plans levy on gas bills for all consumers
By Markus Wacket BERLIN (Reuters) – The German government aims to impose a levy on all gas consumers to help suppliers grappling with rapidly rising import prices, a proposal seen by Reuters showed on Friday. The legislation is expected to be passed by…
U.S. basketball star Griner goes on trial in Russia on drug charges
KHIMKI, Russia (Reuters) -U.S. basketball star Brittney Griner went on trial in a court on the outskirts of Moscow on Friday to hear drug charges that could see her serve up to 10 years in a Russian jail. Griner, 31, was formally told at this first hea…