Tencent shifts focus to majority deals, foreign gaming assets for growth sources

HONG KONG, Oct. 1 (Reuters) – Tencent is realigning its M&A strategy to focus more on buying controlling stakes, primarily in foreign gaming companies, as the tech giant sees global expansion to offset slowing growth at home in China, people with direct knowledge of said case. Tencent Holding Ltd (0700.HK) has been investing in hundreds … Read more

Fed officials stare at market volatility, say inflation remains key focus

Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept. 26 (Reuters) – US Federal Reserve officials on Monday curbed increasing volatility in global markets, from slumping US stocks to currency turbulence abroad, saying their priority remained to contain domestic inflation. Asked at an event in the Washington Post whether he thought US investors … Read more

Britain is betting everything on historic tax cuts and loans, investors scare

Register now for FREE unlimited access to Reuters.com Register Kwarteng lowers top income tax rate for growth Huge increase in UK sovereign debt issuance planned Stamps suffer worst malaise in decades Pound falls to new 37-year low against dollar LONDON, Sept. 23 (Reuters) – Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, on Friday unleashed … Read more

UK eases pressure on business by cutting energy bills in half this winter

Register now for FREE unlimited access to Reuters.com Register Wholesale electricity, gas bills will be capped from October The level will be less than half of current market prices Government says deal will prevent companies from collapsing LONDON, Sept. 21 (Reuters) – The British government said on Wednesday it would limit wholesale electricity and gas … Read more

Europe burns money to help companies with mounting energy crisis

Register now for FREE unlimited access to Reuters.com Register European gas prices skyrocketed during Ukraine crisis Utilities face liquidity crisis as fuel prices rise Germany will ‘do everything’ to help companies Russian mobilization sends oil up, contributing to price pain BERLIN/LONDON, Sept. 21 (Reuters) – Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain … Read more

EU proposes emergency powers for supply chain, business scare

Wind turbines are seen in a wind farm 23 km (14 miles) off the coast of IJmuiden, Netherlands, Sept. 3, 2007. REUTERS/ Michael Kooren Register now for FREE unlimited access to Reuters.com Register BRUSSELS, Sept 19 (Reuters) – Europe-based companies could be forced to prioritize production of key products and stockpile goods under draft EU … Read more

Europe is racing to prepare for an energy crisis this winter

Register now for FREE unlimited access to Reuters.com Register Spain may close energy-intensive industries during peak hours France is preparing to send gas to Germany in October Berlin still working on rescue operation Uniper PARIS/MADRID/BERLIN, Sept. 19 (Reuters) – European governments on Monday outlined new measures to cope with potential energy shortages this winter and … Read more

Thousands take part in anti-government protest in Moldova

Moldovan Prime Minister Natalia Gavrilita attends a press conference after the donor conference for Moldova to help the country with the influx of Ukrainian refugees, in Berlin, Germany, April 5, 2022. REUTERS/Hannibal Hanschke Register now for FREE unlimited access to Reuters.com Register CHISINAU, Sept. 18 (Reuters) – Thousands of protesters denouncing high inflation and fuel … Read more

France denies it can stop electricity exports to Italy

View of the Electricite de France (EDF) company logo on the facade of EDF’s headquarters in Paris, France, July 7, 2022. REUTERS/Johanna Geron Register now for FREE unlimited access to Reuters.com Register PARIS, Sept. 17 (Reuters) – France on Saturday denied reports that state-controlled utility company EDF (EDF.PA) had warned Italy it could halt its … Read more

EU sees tax on fossil fuel companies to help consumers survive energy crisis

Register now for FREE unlimited access to Reuters.com Register BRUSSELS, Sept 12 (Reuters) – Fossil fuel companies may have to share their excess profits to help European households and industries cope with red-hot energy bills, a draft European Union plan showed Monday as the cost of the “energy war” of the West with Russia took … Read more