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[...]
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Europe
Analysis-First U.S. coral insurance marks the rise of the reef brigades
By Clare Baldwin HONG KONG (Reuters) – Conservation group The Nature Conservancy’s vision for the future of coral protection involves speed boats, and a global army of snorkellers and dive[...]
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Saudi denies oil output hike discussion, says OPEC+ may cut if needed
(Reuters) -Saudi Arabia on Monday said that OPEC+ was sticking with oil output cuts and could take further measures to balance the market amid falling prices, denying a report it was considering boost[...]
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Aviation execs worry about demand as post-pandemic honeymoon ends
By Sarah Young LONDON (Reuters) -The outlook for airlines has darkened as the post-pandemic boom in travel wears off and recession looms, with carriers focused on Britain particularly exposed, industr[...]
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Factbox-Aircraft lessors sue insurers for $6.5 billion over trapped Russian planes
LONDON (Reuters) – Aircraft leasing firms are suing dozens of insurers for around $6.5 billion in a string of lawsuits over the loss of hundreds of aircraft stuck in Russia since Moscow’s[...]
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Nestle’s Nespresso to sell paper-based compostable coffee pods
ZURICH (Reuters) – Nestle’s Nespresso coffee business is launching paper-based compostable capsules to attract customers put off by the Swiss packaged food giant’s metal ones, which[...]
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Merck KGaA in push to become twice as productive in drug development
FRANKFURT (Reuters) – Germany’s Merck KGaA on Monday said it aims to double the productivity of its research and development into oncology, neurology and immunology treatments. As part of[...]
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Deutsche Bank sees U.S. leveraged loan defaults near record highs in 2024
By Chiara Elisei (Reuters) -Default rates on U.S. leveraged loans will hit a near-record high of 11.3% in 2024, while defaults on euro leveraged loans will hit 7.1%, as the global economic outlook det[...]
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Macron hosts European CEOs to counter US move temptation
PARIS (Reuters) – French President Emmanuel Macron on Monday will host a dinner with a number of European chief executives to convince them not to move production to the United States, where low[...]
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