FRANKFURT (Reuters) -Germany’s Lufthansa wants to acquire a 20% stake in state-owned Italian airline ITA Airways, the successor to Alitalia, and its partner MSC is bidding for a 60% stake, a person familiar with the matter told Reuters on Tuesday. The …
Oil near flat after choppy trade; U.S. says export ban not ruled out
By Stephanie Kelly NEW YORK (Reuters) -Oil prices were near flat on Tuesday after choppy trade as tight supply worries offset concerns over a possible recession and China’s COVID-19 curbs. Brent crude rose 14 cents to settle at $113.56 a barrel. U.S. W…
Britishvolt buys German battery cell maker EAS for 36 million euros
By Nick Carey LONDON (Reuters) – Electric vehicle (EV) battery startup Britishvolt said on Tuesday it will buy German battery cell developer and manufacturer EAS from Bulgaria’s Monbat for 36 million euros ($38.6 million) to help it scale up its own pr…
Shareholders back Shell’s climate strategy after raucous meeting
By Shadia Nasralla and Ron Bousso LONDON (Reuters) – Shareholders backed Shell’s climate strategy in a meeting on Tuesday that was disrupted by dozens of climate protesters, while a climate activist proposal from the Follow This group received fewer vo…
Iran buries slain Revolutionary Guards colonel, vows revenge
DUBAI (Reuters) – Iran held a funeral procession on Tuesday in the centre of the capital Tehran for Revolutionary Guards Colonel Hassan Sayad Khodai, who was shot dead by two people on a motorcycle, and his commander vowed to avenge the attack. State t…
Turkey to discuss NATO bids with Finland, Sweden on Wednesday
ANKARA (Reuters) – Turkish officials will meet with Swedish and Finnish delegations in Ankara on Wednesday to discuss Stockholm and Helsinki’s applications to become members of NATO, the Turkish foreign ministry said on Tuesday. Turkish President Tayyi…
Air France-KLM launches 2.3 billion euro rights issue
PARIS (Reuters) -Air France-KLM on Tuesday unveiled a 2.256-billion-euro ($2.41 billion) rights issue to existing shareholders to strengthen its balance sheet and further repay French state aid. The French and Dutch states plan to participate in the ca…
Kinnevik sells 7.2% stake in Tele2 for 6.1 billion SEK
STOCKHOLM (Reuters) – Swedish investment company Kinnevik has sold a 7.2% stake in telecoms operator Tele2 for 6.1 billion Swedish crowns ($619.6 million), it said late on Monday. Kinnevik said it had completed a placement of 50 million class B shares,…
Cryptoverse: Is the end of the bitcoin winter nigh?
By Medha Singh and Lisa Pauline Mattackal (Reuters) – The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a…
Dollar at one-month low as Lagarde comments lift euro
By John McCrank NEW YORK (Reuters) – The U.S. dollar index hit nearly a one-month low on Tuesday after European Central Bank President Christine Lagarde said euro zone interest rates will likely be in positive territory by the end of the third quarter,…