Prosus to sell Russian online marketplace Avito, formerly worth $6 billion

Prosus, the Dutch-based technology investor, said on Friday it would seek a buyer for its Russian online marketplace Avito.

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20-05-2022

China quietly increases purchases of low-priced Russian oil

China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data and oil traders who spoke to Reuters, filling the vacuum left by Western buyers backing away from business with Russia after its invasion of Ukraine in February.

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20-05-2022

Air France-KLM in talks with Apollo on 500 million euro cash injection

PARIS (Reuters) -Air France-KLM said on Friday it had entered exclusive talks with private equity firm Apollo for a 500 million euro ($529 million) capital injection for one of its engineering and maintenance units to help repay French state aid.

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20-05-2022

Indonesia to reimpose local palm oil sales rule as it ends export ban

Indonesia will reimpose a domestic sales requirement on palm oil, the government said on Friday, a day after the world's biggest producer of the key edible oil reversed a ban on its export.

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20-05-2022

Analysis-Fearing Russian cutoff, German industry braces for gas rations race

German big business is drafting a plan to use an auction system to help ration available supplies in the event Russia cuts off its gas, although some fear it could punish smaller firms.

newspaper

20-05-2022

Musk denies he sexually harassed flight attendant on private jet

Billionaire Elon Musk took to Twitter late on Thursday to denounce as "utterly untrue" claims in a news report that he had sexually harassed a flight attendant on a private jet in 2016.

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20-05-2022

Richemont profit and sales jump, discussions about YNAP continue

Luxury goods group Richemont said on Friday discussions about its "Luxury New Retail" partnership should be concluded "in the near future", after strong American demand for its jewellery and watches boosted net profit and sales in the 12 months to March.

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20-05-2022

China's April Saudi oil imports soar 38% on yr, Russian oil up 4%

China's crude oil imports from top supplier Saudi Arabia soared 38% in April from a year earlier, hitting the highest monthly volume since May 2020, according to Reuters' calculations based on official Chinese customs data.

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20-05-2022

Zurich Insurance to exit Russian market, sell business to local team

ZURICH (Reuters) -Zurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurer became the latest company to announce its exit from the Russian market.

newspaper

20-05-2022