MOSCOW (Reuters) – Russian President Vladimir Putin said on Thursday that a delegation of 80 large companies will visit Iran next week, Russian state-owned news agency RIA reported. President Putin and Iranian President Ebrahim Raisi are at a summit of…
Prada invests in Italian tannery, undecided on dual listing
MILAN (Reuters) – Hong Kong-listed Italian luxury group Prada SpA said on Thursday it had bought a stake in the Tuscan tannery Superior SpA, tightening its grip on its supply chain, but noted it had not decided whether to list in Milan. A dual listing …
Putin says Beijing-Moscow tandem plays ‘key role’ in global stability -TASS
MOSCOW (Reuters) – Russian President Vladimir Putin said on Thursday that the “Moscow-Beijing tandem” plays “a key role” in ensuring global and regional stability, Russian state-owned news agency TASS reported. Speaking at a trilateral meeting with the…
OnlyFans should pay UK VAT on full amount paid by subscribers, EU court adviser says
By Foo Yun Chee BRUSSELS (Reuters) – OnlyFans, an online platform known for adult content, should pay UK value added tax (VAT) on the full amount paid by subscribers to content creators, not just its 20% cut of the fees, an EU court adviser said on Thu…
SAS considers adding electric aircraft to regional fleet
HELSINKI (Reuters) – Scandinavian airline SAS said on Thursday it was considering adding an undisclosed number of 30-seat electric aircraft from Swedish start-up Heart Aerospace for shorter routes in Denmark, Norway and Sweden. Heart’s new electric air…
UK to hold emergency budget on Sept. 23 – reports
LONDON (Reuters) – Britain’s new finance minister, Kwasi Kwarteng, will deliver an emergency mini-budget on Sept. 23 to lay out further support to help ease a cost-of-living crisis in the country, the Guardian and other media outlets reported on Thursd…
Putin says Xi has questions and concerns over Ukraine
By Mukhammadsharif Mamatkulov SAMARKAND, Uzbekistan (Reuters) -Russian President Vladimir Putin on Thursday said he understood that Xi Jinping had questions and concerns about the situation in Ukraine but praised China’s leader for what he said was a “…
Porsche IPO to comprise 911 million shares in nod to its most famous model
By Jan Schwartz, Emma-Victoria Farr and Lucy Raitano HAMBURG/FRANKFURT/LONDON (Reuters) -Volkswagen’s supervisory board is due to meet on Sunday to move forward with the IPO of its Porsche brand, which will comprise 911 million shares in a nod to its m…
Shell picks gas veteran Sawan as CEO to lead transition
By Yadarisa Shabong and Pushkala Aripaka (Reuters) -Shell has turned to the head of its gas and renewables business to drive its transition to a lower-carbon future, picking Wael Sawan to replace Ben van Beurden as chief executive. Sawan’s appointment …
Russia says longer-range U.S. missiles for Kyiv would cross red line
MOSCOW (Reuters) -Russia’s Foreign Ministry said on Thursday that if the United States decided to supply Kyiv with longer-range missiles, it would cross a “red line” and become “a party to the conflict”. In a briefing, Foreign Ministry spokeswoman Mari…