At the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Gunvor Group CEO Torbjorn Tornqvist confirmed that a potential agreement for purchasing the overseas assets of Russia’s Lukoil will not feature a buyback clause. Following the U.S. sanctions imposed on Lukoil last month, the Russian oil giant accepted an offer from Gunvor to acquire its

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PARIS — French energy giant TotalEnergies has signed a 10-year agreement to supply renewable electricity to Data4, a European data centre operator, for its facilities in Spain, the company announced on Tuesday. Starting in January 2026, TotalEnergies will deliver 610 gigawatt-hours (GWh) of clean power annually from a portfolio of new wind and solar farms

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LONDON — British retailer Marks & Spencer (M&S) (MKS.L) reported a sharp 55.4% drop in first-half profit, as the fallout from a major cyberattack in April disrupted its operations and forced the suspension of online clothing sales for several weeks. The company, one of the most recognized names on the UK high street, said the

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BENGALURU — Cybersecurity firm Wiz has received clearance from the U.S. Department of Justice (DOJ) in its ongoing antitrust review of Google-parent Alphabet’s (GOOGL.O) planned $32 billion acquisition, according to Wiz CEO Assaf Rappaport, who spoke at a Wall Street Journal event on Tuesday. The approval marks a significant step forward for the deal, which—once

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BENGALURU — Nvidia (NVDA.O) on Wednesday became the latest member of the India Deep Tech Alliance, a coalition of investors from India and the United States focused on funding and accelerating high-tech startups. The group also announced over $850 million in new capital commitments, further bolstering efforts to close India’s deep-tech funding gap. New members

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BRUSSELS — European Union member states agreed on Wednesday to adopt a 2040 climate target that aims to reduce greenhouse gas emissions by 90%, though the deal includes provisions allowing some flexibility that could effectively weaken the overall ambition. During a public vote, EU climate ministers endorsed the 90% reduction goal but also agreed that

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COPENHAGEN — Orsted (ORSTED.CO), the world’s largest offshore wind developer, reported a third-quarter net loss of 1.70 billion Danish crowns ($265.5 million) on Wednesday, citing the negative impact of U.S. trade policies and regulatory pushback under President Donald Trump. The loss compares with a 5.17 billion crown profit during the same period last year and

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BEIJING — Oil prices edged lower on Wednesday as a broad decline across global markets and a firm U.S. dollar dampened investor appetite for risk assets, while traders evaluated the latest signals on supply and demand. Brent crude futures fell 6 cents, or 0.09%, to $64.38 a barrel by 07:06 GMT, after hitting a near

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LONDON — European shares slipped to a two-week low on Wednesday, weighed down by technology stocks and renewed investor caution over high market valuations worldwide. Meanwhile, a weaker outlook from Novo Nordisk added to the downbeat tone. The pan-European STOXX 600 index (.STOXX) fell 0.4% to 568.10 as of 08:11 GMT, marking its second consecutive

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LONDON — Fears of a disappointing earnings season among European corporations have eased, with new forecasts showing stronger-than-expected results and a more optimistic outlook for the region’s corporate health. According to the latest LSEG I/B/E/S data, European firms are now projected to post an average 4.3% increase in third-quarter earnings, significantly higher than the 0.4%

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