Europe Business

Gold ekes out gains but firm dollar, bond yields hit appeal

05h54 Gold prices edged higher on Tuesday, buoyed by concerns over the possible fallout from debt-laden developer China Evergrande's crisis, though a firm dollar and gains in U.S. Treasury yields kept the safe-haven metal in. . .  Full story

Oil extends rally into 6th day on tight supply, Brent hitting 3-yr high

05h04 Oil markets rose on Tuesday, reversing earlier losses and extending their rally into a sixth session, amid continued concerns over tight supply at a time when demand is picking up with the easing of. . .  Full story

Shanghai tin drops as Chinese power curbs spark demand worries

04h29 Shanghai tin prices fell on Tuesday, retreating from record highs hit in the previous session, as power restrictions in top consumer China raised worries over demand.. . .  Full story

China provincial governor urges more coal imports to resolve power shortages

03h54 China should work to import more coal from Russia, Indonesia and Mongolia in order to resolve supply shortages now crippling large sections of industry https://www.reuters.com/world/china/chinas-power-crunch-begins-weigh-economic-outlook-2021-09-27, said Han Jun, governor of the northeastern provinc. . .  Full story

BlueBay, Blackrock, Ashmore and UBS exposed to Evergrande -Morningstar

03h04 BlackRock Inc and Royal Bank of Canada's BlueBay Asset Management are among asset managers exposed to embattled developer China Evergrande Group, while TCW and HSBC funds have closed positions, researcher Morningstar said.. . .  Full story

Shell eyes mid-Oct for Norco, Louisiana, refinery's post-hurricane restart -sources

03h02 Royal Dutch Shell Plc tentatively plans the first restart of a production unit at its 230,611 barrel-per-day (bpd) Norco, Louisiana, refinery for mid-October, sources familiar with plant operations said on Monday.. . .  Full story

Endeavor to buy sports betting unit from Scientific Games for $1.2 bln

02h30 Endeavor Group Holdings Inc, the owner of the Ultimate Fighting Championship, will acquire sports betting business OpenBet from Scientific Games Corp for $1.2 billion in cash and stock, the companies said on Monday.. . .  Full story

PBOC promises to protect consumers as China Evergrande teeters

02h04 China's central bank vowed to protect consumers exposed to the housing market on Monday and injected more cash into the banking system as the Shenzhen government began investigating the wealth management unit of ailing developer. . .  Full story

Boeing showcases eco-friendly tech as industry faces pressure

01h41 Boeing Co showcased efforts to boost efficiency in its aircraft on Monday, a week after rival Airbus staged a similar conference, as global aviation faces growing political pressure to cut emissions and demands by environmental. . .  Full story

Oil up on tight supply, Brent crude nears $80 a barrel

27/09 Oil prices gained on Monday for a fifth straight day, with Brent at its highest since October 2018 and heading for $80, as investors fretted about tighter supplies because of rising demand in parts. . .  Full story

Generali CEO wins board backing amid shareholder row

27/09 The board of Assicurazioni Generali on Monday threw its weight behind the reappointment of Chief Executive Philippe Donnet, overlooking opposition from two leading shareholders in Italy's top insurer, two people close to the matter said.. . .  Full story

Peru moves to renegotiate natural gas contract with Pluspetrol-led consortium

27/09 Two Peruvian ministers on Monday delivered a formal letter to the Pluspetrol-led Camisea consortium, the largest natural gas player in Peru, requesting that the company renegotiate its contract with the state in order to pay. . .  Full story

Generali's board to back new mandate for CEO Donnet - sources

27/09 The board of Assicurazioni Generali decided on Monday to back the reappointment of current CEO Philippe Donnet as part of a slate of nominees it will put forward next spring when shareholders in Italy's biggest. . .  Full story

EU lawmakers reject attempts to block green investment rules

27/09 European Parliament members on Monday rejected three attempts by some lawmakers to block the European Union's proposed rulebook for sustainable investments, as Brussels edges towards completing the first part of the landmark rules.. . .  Full story

Gold pressured by firmer dollar, higher U.S. yields

27/09 Gold prices steadied in choppy trading on Monday, with gains curbed by a stronger dollar and an uptick in U.S. Treasury yields, while investors awaited speeches from Federal Reserve policymakers for more clues on. . .  Full story

Green policies not to blame for energy price surge, IEA says

27/09 Clean energy policies are not to blame for recent spikes in gas and electricity prices, and the soaring prices should not derail Europe's green transition, International Energy Agency executive director Fatih Birol said on Monday.. . .  Full story

Bulgaria plans to help businesses with soaring power costs

27/09 Bulgaria's interim government is planning up to 650 million levs ($390 million) of financial aid to help businesses cope with soaring electricity prices, interim Prime Minister Stefan Yanev said on Monday.. . .  Full story

Most Telecom Italia staff to work from home until end of year - document

27/09 Telecom Italia (TIM) will keep some of its offices closed as nearly 60% of the employees at Italy's biggest phone company plan to continue working from home until Dec. 31, a union document showed.. . .  Full story

Left or right, German election leaves investors braced for more spending

27/09 The purse strings have been loosened and will stay that way, no matter who heads Germany's new government. That's the verdict from investors who see potential gains for segments such as green finance alongside. . .  Full story

Fuel pumps run dry in British cities, sowing supply chain chaos

27/09 Gas station pumps ran dry in British cities on Monday and vendors rationed sales as a shortage of truckers strained supply chains to breaking point.. . .  Full story

UK's Octopus Energy Group agrees deal for $600 mln additional investment

27/09 UK power supplier Octopus Energy Group said on Monday it has agreed a deal with Generation Investment Management for $600 million in additional investment, taking the group's valuation to up to $4.6 billion.. . .  Full story

China power crunch undermines industrial metals

27/09 Prices of industrial metals came under pressure on Monday as worries about demand in top consumer China, where a power crunch and rationing is shutting factories, triggered selling.. . .  Full story

European shares end lower; German stocks rise on election relief

27/09 Europe's STOXX 600 index ended lower on Monday as declines in tech stocks offset gains in banks and energy, while German shares hit 10-day highs as the federal election outcome reduced the chances of. . .  Full story

Energy stocks, banks lift FTSE 100; Rolls-Royce top performer

27/09 London's FTSE 100 ended higher on Monday, helped by gains in heavyweight energy and banking stocks, while Rolls-Royce topped the blue-chip index after it agreed to sell its Spanish unit ITP Aero for 1.7. . .  Full story

Euro zone yields continue to climb after German election

27/09 Euro zone 10-year bond yields rose to their highest in almost three months on Monday as a brief decline after Germany's election gave way to concerns that major central banks could tighten monetary policy. . .  Full story

Funds exposed to China Evergrande stocks and bonds

27/09 Sharp falls in the stocks and bonds of China Evergrande Group have raised the spectre of losses for global asset managers with exposure to the embattled property developer.. . .  Full story

Pledging stability, German SPD seeks three-way alliance to succeed Merkel

27/09 German Social Democrat Olaf Scholz vowed on Monday to strengthen the European Union and keep up the transatlantic partnership in a three-way coalition government he hopes to form by Christmas to take over from Angela. . .  Full story

UBS verdict postponed in 4.5 bln euro French tax case

27/09 French judges on Monday postponed until Dec. 13 a ruling on UBS's appeal against a landmark fine, in a case in which the Swiss bank has contested allegations it helped wealthy clients stash. . .  Full story

Hungary accuses Ukraine of meddling as it signs Russia gas pact

27/09 Hungary accused Ukraine of meddling in its internal affairs on Monday after Kyiv criticised it over the signing of a new 15-year natural gas supply deal with Russia's Gazprom.. . .  Full story

UBS notes postponed verdict in 4.5 bln euro French tax case

27/09 UBS noted a decision by French judges to postpone their ruling on the Swiss bank's appeal against a 4.5 billion euro ($5.27 billion) fine imposed for helping wealthy clients stash undeclared assets offshore.. . .  Full story

Floating dreams: Portugal bets on pricey offshore wind, solar farms

27/09 From a colossal wind farm floating amid choppy ocean waves to hundreds of solar panels on the surface of a dammed reservoir, Portugal is exploring innovative ways to boost renewable energy.. . .  Full story

Bank of Ireland blames Irish pay cap as CFO announces departure

27/09 Bank of Ireland blamed state-imposed curbs on bankers pay and bonuses for the announcement on Monday that Chief Financial Officer Myles O'Grady would leave the bank and join Irish food group Musgrave.. . .  Full story

British warehouse worker shortage triggers up to 30% pay spike

27/09 Warehouses in Britain are having to pay up to 30% more to recruit staff after a chronic shortage of workers exacerbated pressure on already buckling supply chains and threatened to derail the run up. . .  Full story

Britain targets pension schemes to boost long-term investment in economy

27/09 A cap on how much pension funds can invest in less liquid assets should be scrapped to encourage longer-term investing that helps the British economy recover from COVID-19 and meet climate goals, a UK-government. . .  Full story

Soaring power costs push Spanish industrial prices to 41-year high

27/09 Spanish industrial production prices reached their highest level since May 1980 after jumping 18% year-on-year in August, the Spanish National Statistics Institute (INE) said on Monday, blaming spiralling energy costs.. . .  Full story

Hungary rejects Ukraine 'meddling' attempt over Russia gas deal

27/09 Hungarian Foreign Minister Peter Szijjarto on Monday rejected what he called an attempt by Ukraine to meddle with its internal affairs after Budapest signed a new long-term gas supply agreement with Gazprom , bypassing Ukraine. (Reporting. . .  Full story

Alibaba-backed Ninja Van in no rush for IPO after raising $578 mln

27/09 Southeast Asian logistics provider Ninja Van is sufficiently capitalised after raising $578 million and it could be about 18 months before it taps public markets for an IPO, the head of the Singapore-based company said. . .  Full story

World to reach peak oil demand before 2030 - TotalEnergies

27/09 Global oil demand is expected to peak before 2030, earlier than previously projected, TotalEnergies forecast on Monday.. . .  Full story

Rolls-Royce soars after hitting disposal target with $2 bln ITP sale

27/09 Rolls-Royce said it had agreed to sell its Spanish unit ITP Aero to a consortium led by Bain Capital Private Equity for 1.7 billion euros ($2 billion), helping the British engineering group hit its. . .  Full story

TotalEnergies sees sharp fall in demand for oil between 2030-2050

27/09 French company TotalEnergies said on Monday that it expected a sharp drop in demand for oil between 2030-2050, as other forms of energy supply become more popular, such as solar and wind power.. . .  Full story

Aldi to invest $1.8 billion in British growth push

27/09 German discount supermarket group Aldi will invest 1.3 billion pounds ($1.8 billion) in Britain over the next two years, opening a new store every week to try to accelerate its rapid growth in market. . .  Full story

Amazon to start offering insurance to UK businesses -broker

27/09 Amazon.com Inc is to start offering insurance to small and medium-sized UK business customers, the technology giant's first foray into business insurance in the country, broker Superscript said on Monday.. . .  Full story

Renaissance Insurance eyes $290 mln IPO on Moscow Exchange

27/09 Renaissance Insurance Group said on Monday it plans to list its shares on the Moscow Exchange and raise up to $290 million in an initial public offering (IPO), riding Russia's emerging IPO wave.. . .  Full story

Shell's UK power retailer to grow by 25% after rival's default

27/09 Royal Dutch Shell's British power retail business will grow by over a quarter after it took on 255,000 customers from a rival supplier that defaulted following the recent surge in natural gas prices.. . .  Full story

Nigeria considers selling additional Eurobonds after successful outing

27/09 Nigeria is considering issuing additional Eurobonds, subject to its budget limits, after a successful debt sale last week that attracted more than four times the amount on offer, the head of the Debt Management Office. . .  Full story

BlueBay a buyer of Evergrande debt; Ashmore, UBS exposed - Morningstar

27/09 Royal Bank of Canada's BlueBay Asset Management has joined BlackRock in accumulating credit exposure to ailing developer China Evergrande in recent months, according to Morningstar, while HSBC and TCW funds have closed positions.. . .  Full story

Credit Suisse extends time-off benefits for Swiss staff

27/09 Credit Suisse will extend time off for childcare and holidays and will let senior managers take sabbaticals under new rules for Swiss staff to take effect next year, Switzerland's second-biggest bank said on Monday.. . .  Full story

German inflation could stay above 2% through mid-2022 -Bundesbank

27/09 German inflation is likely to accelerate from already high levels and will stay above 2% through mid-2022, exceeding the European Central Bank's target for the 19-nation euro zone, the Bundesbank said in a monthly report. . .  Full story

Economists, business relieved no left alliance after Germany vote

27/09 German economists and industry groups expressed relief on Monday that Europe's biggest economy probably avoided a leftist government after the Social Democrats narrowly won the election but the far left's weak result ruled it out. . .  Full story

Puma CEO sees sales doubling to more than $11 bln-report

27/09 German sportswear company Puma has the potential to double its sales to more than 10 billion euros ($11.71 billion) in the longer term, Chief Executive Bjorn Gulden was quoted as saying on Monday.. . .  Full story

Aldi UK's availability in good shape for Christmas -CEO

27/09 British discount supermarket Aldi UK is well placed as regards product availability for Christmas despite industry supply chain disruption, mainly because it sells less products than its major rivals, its boss said on Monday.. . .  Full story

UK must be more clear-eyed about risks of China investment - Labour

27/09 Britain needs to be more "clear-eyed" about the risks of Chinese investment in key industries like nuclear energy, the opposition Labour Party said on Monday accusing Prime Minister Boris Johnson of an inconsistent strategy toward. . .  Full story

EU Commission proposes extending vaccine export-control scheme

27/09 The European Commission has proposed extending the period of its scheme for monitoring and potentially limiting exports of COVID-19 vaccines from the bloc, a European Commission spokesperson told Reuters on Monday.. . .  Full story

China condemns Britain for sailing warship through Taiwan Strait

27/09 China's military followed and warned a British warship that sailed through the Taiwan Strait, the People's Liberation Army said on Monday, adding that Britain was engaging in behaviour that "harboured evil intentions". (Reporting by Beijing. . .  Full story

U.S. plans projects in Latin America countering China's Belt and Road

27/09 U.S. officials are set to tour Latin America this week to scout infrastructure projects as they prepare a counter to Chinese President Xi Jinping's multi-trillion-dollar Belt and Road Initiative.. . .  Full story

Heimstaden buys European residential properties from Akelius for 93 bln crowns

27/09 Sweden-based Heimstaden has agreed to buy rival Akelius Residential Properties' 599 properties in Germany, Denmark and Sweden for 92.5 billion Swedish crowns ($10.6 billion).. . .  Full story

Prices mostly higher on winter concerns, energy complex gains

27/09 British and European wholesale gas prices were mostly higher on Monday on expected higher demand, concerns over winter supplies and gains in other energy markets.. . .  Full story

APPEC-Global oil demand seen reaching pre-pandemic levels by early 2022

27/09 Global oil demand is expected to reach pre-pandemic levels by early next year as the economy recovers, although spare refining capacity could weigh on the outlook, producers and traders said at an industry conference. . .  Full story

Berliners vote to expropriate large landlords in non-binding referendum

27/09 A majority of voters in Berlin wants city hall to expropriate major landlords such as Vonovia and Deutsche Wohnen to help reduce rents in the German capital, provisional referendum results showed on Monday.. . .  Full story

Finnish finance ministry raises GDP outlook

27/09 The Finnish economy will expand by 3.3% in 2021 and 2.9% in 2022, the finance ministry said in an economic outlook on Monday.. . .  Full story

Lithuanian c.bank cuts growth forecast on China and Belarus trade worries

27/09 Lithuania's central bank on Monday revised down its forecast for the country's economic growth in 2021 to 4.9% from the 5.1% seen in June, largely due to expected trade disruptions with Belarus.. . .  Full story

UK accountancy Grant Thornton fined over Patisserie Valerie chain audit

27/09 Accountancy firm Grant Thornton has been fined for its audit of Patisserie Valerie, the British cafe chain that collapsed in 2018, throwing 900 people out of a job and triggering a separate fraud investigation. . .  Full story

U.S. picks Rolls-Royce for B-52 engines in potential $2.6 bln deal

27/09 Rolls-Royce said on Monday it had been selected to provide engines for the United States Air Force B-52 Stratofortress bombers, in a contract which could be worth up to $2.6 billion to the British engineering. . .  Full story

Fashion retailer Boohoo plans to sign new safety pact with Bangladesh garment workers

27/09 Online fashion retailer Boohoo said on Monday it intended to sign a new agreement with its garment workers in Bangladesh that makes retailers liable for legal action unless their factories meet labour safety standards.. . .  Full story

Drugmaker Hikma to buy U.S.-based Custopharm to boost needle-based treatments

27/09 Hikma Pharmaceuticals said on Monday it would buy U.S.-based sterile injectables firm Custopharm in a deal worth up to $425 million, as the generic medicines maker looks to strengthen its needle-based treatments unit in the. . .  Full story

Vonovia reaches threshold for Deutsche Wohnen takeover

27/09 German real estate company Vonovia said on Monday it had reached the 50% threshold needed to buy smaller rival Deutsche Wohnen after a sweetened bid valuing the company at 19.1 billion euros ($22.37 billion).. . .  Full story

UK Stocks-Factors to watch on Sept 27

27/09 Britain's FTSE 100 index is seen opening 46 points higher on Monday, with futures up 0.98%. * UNITED UTILITIES: Britain's United Utilities forecast higher revenue and profit. . .  Full story

Earthquake of magnitude 6.5 strikes Crete, Greece - EMSC

27/09 An earthquake of magnitude 6.5 struck Crete, Greece on Monday, the European Mediterranean Seismological Centre (EMSC) said.. . .  Full story

UK petrol station problems show Brexit was "intellectual fraud" - French minister Beaune

27/09 French European Affairs Minister Clement Beaune said on Monday that the petrol stations problems currently faced by Britain reflected the "intellectual fraud" that was Brexit.. . .  Full story

Global vaccines project to revamp rules after Britain got more than Botswana

27/09 In March, as wealthy Britain led the world in vaccination rates and almost half its people had received a shot, the organisation meant to ensure fair global access to COVID-19 vaccines allotted the country. . .  Full story

Europe's IPO market roars back to life but where are the SPACs?

27/09 European stock market listings have come back with a bang after the summer lull but blank cheque firms are nowhere to be seen.. . .  Full story

Surging coal prices split Asian buyers into rich and poor: Russell

27/09 As seaborne coal in Asia trades at, or near, record highs, there are early signs of demand destruction, especially among price-sensitive buyers such as India.. . .  Full story

Global gas market set for reasonably bullish 5-yr outlook -Vitol CEO

27/09 Global gas prices are at "extreme levels" due to low inventories and strong demand in Europe and China, and the market is set for a reasonably bullish five-year outlook, said Russell Hardy, chief executive. . .  Full story

EEX bourse prices power for up to 10 years to help push renewables roll-out

27/09 The European Energy Exchange (EEX) on Monday expanded its yearly power futures contracts for Germany, Italy and Spain to 10 calendar years ahead from six currently, part of a move to help integrate renewable. . .  Full story

German Social Democrats beat conservatives in vote to decide Merkel successor

26/09 Germany's Social Democrats narrowly won Sunday's national election, projected results showed, and claimed a "clear mandate" to lead a government for the first time since 2005 and to end 16 years of conservative-led rule under. . .  Full story

BP says nearly a third of its UK fuel stations running on empty

26/09 BP said nearly a third of its British petrol stations had run out of the two main grades of fuel on Sunday as panic buying forced the government to suspend competition laws and allow. . .  Full story

Canada foreign minister says eyes wide open when it comes to normalizing China ties

26/09 Canada's "eyes are wide open" when it comes to normalizing its relationship with China, Foreign Minister Marc Garneau said on Sunday, two days after the release of a Huawei executive following almost three years. . .  Full story

British PM to consider using army to supply fuel stations - Guardian

26/09 The British army could be called on to deliver fuel to petrol stations running dry across the country under an emergency plan expected to be considered by Prime Minister Boris Johnson on Monday, the. . .  Full story

Rio Tinto and Canadian union reach labour deal for British Columbia ops

26/09 Rio Tinto and Canadian union Unifor have reached a labour agreement in principle for the global miner's operations in the western Canadian province of British Columbia, the company said on Sunday.. . .  Full story

Peru PM warns gas sector: pay higher taxes or face nationalization

26/09 Peruvian Prime Minister Guido Bellido on Sunday said that companies which exploit natural gas in Peru will need to agree to pay higher taxes or else face nationalizations, a sharp warning to the sector. . .  Full story

UK's Ofgem appoints Octopus Energy to take on collapsed Avro Energy's customers

26/09 Britain's energy regulator Ofgem said on Sunday it had ordered Octopus Energy to supply power to about 580,000 domestic customers of Avro Energy, which ceased trading as of last week.. . .  Full story

UK opposition hints at wealth taxes on shareholders and landlords

26/09 Britain's opposition Labour Party hinted on Sunday at new taxes on wealth, identifying landlords and shareholders as possible targets if it won power at the next election.. . .  Full story

UAE central bank approves Wizz Financial's acquisition of UAE Exchange

26/09 Financial technology firm Wizz Financial said on Thursday the United Arab Emirates central bank had approved its acquisition of currency firm UAE Exchange, a unit of troubled London-listed payment firm Finablr which Wizz agreed to. . .  Full story

Essar Oil in talks to extend January UK VAT payment deadline

26/09 Essar Oil UK, the operator of Britain's Stanlow oil refinery, is in talks with UK authorities over extending a January deadline to repay hundreds of millions of pounds in deferred taxes, the company. . .  Full story

Russia's Gazprom is ready to boost gas sales to Europe - Ifx cites Kremlin

26/09 Russian energy giant Gazprom stands ready to increase natural gas supplies to Europe, Interfax news agency cited a Kremlin spokesman as saying on Sunday, amid a surge in gas prices.. . .  Full story

Credit Suisse board backs CEO, chairman tells SonntagsBlick

26/09 Credit Suisse's board of directors is convinced Chief Executive Thomas Gottstein is the right person to strategically realign the bank by curbing risk appetite, the Swiss bank's chairman said in a newspaper interview published on. . .  Full story

Ninja Van raises $578 mln in funding round, adds Alibaba as investor

26/09 Logistics provider Ninja Van added Alibaba Group as a new investor as it raised $578 million in a late stage funding round, the Singapore-based firm said on Sunday.. . .  Full story

Long queues and fuel rationing as Britain faces truck driver shortage

25/09 Lengthy queues of vehicles snaked their way to gas stations in Britain on Saturday where an acute shortage of truck drivers has led to fuel rationing and some pumps running dry, and prompted the. . .  Full story

Huawei CFO leaves Canada after U.S. agreement on fraud charges, detained Canadians head home

25/09 Huawei Chief Financial Officer Meng Wanzhou flew home to China on Friday after reaching an agreement with U.S. prosecutors to end the bank fraud case against her, relieving a point of tension between China. . .  Full story

Two Canadian detained by China for more than 1000 days return home -local media

25/09 The two Canadians who were detained by Beijing for more than 1000 days returned home on Saturday, local media reported, where Prime Minister Justin Trudeau received them.. . .  Full story

Rwandan troops cannot stay in Mozambique's Cabo Delgado forever, Kagame says

25/09 Rwandan President Paul Kagame said the country cannot stay forever in Mozambique's Cabo Delgado province, where allied Rwandan and Mozambican troops have been recapturing areas https://www.reuters.com/world/africa/mozambicans-return-uncertain-future-after-islamists-pushed-back-2021-09-24 from Islami. . .  Full story

Haitian migrants on the move weigh jobs in Mexico after clearout

25/09 Many Haitians who are heading for the U.S. border as thousands of their compatriots were cleared out of a frontier camp are giving thought to finding work in Mexico if measures to curb entry. . .  Full story

Quad leaders press for free Indo-Pacific, with wary eye on China

25/09 Leaders of the United States, Japan, India and Australia vowed on Friday to pursue a free and open Indo-Pacific region "undaunted by coercion" at their first in-person summit, which presented a united front amid shared. . .  Full story

Canadian PM Trudeau says two detained citizens have left China

25/09 Two Canadian citizens who were detained by Beijing for more than 1,000 days have left Chinese airspace and will arrive back in Canada early on Saturday, Prime Minister Justin Trudeau told reporters on. . .  Full story

Private equity firm EQT bids $3.94 bln for Germany's Zooplus

25/09 Zooplus AG, one of Europe's largest online pet supplies' retailers, said on Saturday that Swedish private equity firm EQT AB has made an offer to buy the company for about 3.36 billion euros ($3.94. . .  Full story

India tells Quad will allow export of 8 mln Indo-Pacific vaccine doses

25/09 Indian Prime Minister Narendra Modi told fellow leaders of the Quad partnership on Friday India will allow the export of 8 million COVID-19 vaccines by end of October in line with a deal reached. . .  Full story

'Quad' leaders meets at White House as China looks warily on

24/09 Leaders of the United States, Japan, India and Australia presented a united front on Friday at their first summit and stressed the need for a free and open Indo-Pacific region amid shared concerns about. . .  Full story

Canadian court discharges Huawei CFO Meng Wanzhou as U.S. extradition case ends

24/09 A Canadian judge on Friday signed Huawei Chief Financial Officer Meng Wanzhou's order of discharge, vacating her bail conditions and allowing her to go free after nearly three years of house arrest as her. . .  Full story

Britain looking at temporary measures to alleviate trucker shortage

24/09 Britain is looking at temporary measures to alleviate an acute shortage of truckers, Prime Minister Boris Johnson's office said on Friday, to smooth disruption to food and petrol supplies which retailers have warned could impact. . .  Full story

Huawei CFO strikes agreement with U.S. over fraud charges, allowing her to leave Canada

24/09 Huawei Chief Financial Officer Meng Wanzhou has reached an agreement with U.S. prosecutors to end the bank fraud case against her, officials said on Friday, a move that should allow her to leave Canada. . .  Full story

Key events in Huawei CFO Meng Wanzhou's extradition case

24/09 Huawei Chief Financial Officer Meng Wanzhou reached an agreement with U.S. prosecutors on Friday to end the bank fraud case against her, Assistant U.S. Attorney David Kessler told a New York judge.. . .  Full story

British police arrest 39 climate activists blocking Port of Dover

24/09 British climate change protesters on Friday temporarily blocked the Port of Dover, Europe's busiest trucking port, and police arrested 39 people.. . .  Full story

Retailer EG Group to impose 30 stg limit on fuel in UK

24/09 British retailer EG Group said on Friday it is imposing a purchase limit of 30 pounds per customer for fuel due to the "unprecedented customer demand" in the UK.. . .  Full story

Huawei CFO failed to tell truth about Iran operations -U.S. DOJ

24/09 Huawei Chief Financial Officer Meng Wanzhou admitted to misleading a bank about the company's business in Iran, the U.S. Justice Department said on Friday, after striking a deferred prosecution agreement that will allow Meng to. . .  Full story