Reuters UK

SOFIA (Reuters) -LUKOIL Neftochim Burgas, Bulgaria’s only oil refinery, may have to shut down if the government does not follow through on plans to allow the Russian-owned business to continue exporting, Chief Executive Ilshat Sharafutdinov said on Mon…

MILAN (Reuters) – Shipping group MSC has informed the Italian authorities that it is no longer interested in investing in ITA Airways, MSC said in a statement on Monday. MSC partnered with German airline Lufthansa earlier this year to bid for a stake i…

FRANKFURT (Reuters) – German gas trader VNG is nearing a deal under which it will receive several billions euros in state aid to shoulder the huge costs of replacing Russian gas with higher-priced alternatives, two people familiar with the matter said….

MOSCOW (Reuters) – Russian companies reduced their foreign currency loans by $7.4 billion last month and have also cut forex holdings on the accounts by $11.1 billion, the central bank said on Monday. Since the start of this year, forex holdings by Rus…

By Laila Kearney NEW YORK (Reuters) – Oil prices whipsawed on Monday, diving early to their lowest since early January but then rebounding as reports varied about whether Saudi Arabia and other OPEC oil producers are considering a half-million barrel d…

LONDON (Reuters) -The British government said on Monday it would invest up to 484 million pounds ($571.36 million) to support scientific research, due to what it described as the European Union’s “refusal to finalise” post-Brexit access to the bloc’s s…

By Daren Butler and Suleiman Al-Khalidi ISTANBUL/AMMAN (Reuters) -Turkey said a Kurdish militia killed two people in mortar attacks from northern Syria on Monday, in an escalation of cross-border retaliation following Turkish air operations at the week…

By Jonathan Cable LONDON (Reuters) – German house prices will fall 3.5% next year as the cost of living crisis and rising borrowing costs hits consumers, but the chances of an outright crash are low, according to a Reuters poll of property market exper…

By John Irish PARIS (Reuters) – Some 45 countries and institutions meet in Paris on Monday to pledge millions of euros of aid for Moldova, as fears mount that it could be further destabilised by the conflict in Ukraine. Moldova, which lies between Ukra…

By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar was firmly higher against major currencies on Monday, while China’s yuan slipped as sentiment was soured by rising COVID cases and tightening restrictions in some cities in the world’s second-bigg…