Month: August 2023

Reuters was first to report that Russia was withdrawing from the UN-brokered agreement for a wartime safe shipping channel for Ukraine’s grain exports. The Monday announcement pushed global wheat prices sharply higher. U.S. wheat futures also jumped 8.5% on Wednesday and European grains soared after Reuters reported, ahead of competition, that Moscow would deem all […]

Reuters exclusively reported that Meta Platforms (META.O) offered to curb the use of competitors’ advertising data for its Facebook Marketplace online classified service in an attempt to settle an EU antitrust investigation but regulators gave it the cold shoulder.  The post EU regulators rebuff Meta’s offer to curb use of ad data appeared first on […]

Reuters exclusively reported that Poland’s Naftoport oil terminal is set for another year of record volumes and plans to build a new jetty for supertankers as Moscow’s decades-long dominant supplier role in Poland and eastern Germany comes to an end. The post Polish terminal set from 50% volume jump as Russian oil ditched appeared first […]

Reuters exclusively reported that one of the world’s top insurers is considering a private sale or stock market listing of its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes. The post AXA weighs offloading $2 billion reinsurance arm to cut disaster risk appeared first on Reuters News Agency.

Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul of the fintech company and marking a key step to concluding a crackdown on the country’s internet sector. Ant’s penalty comes at a time when Chinese authorities are keen to boost private sector confidence as […]