The EU is scrambling to find ways to safeguard huge business deals with Iran, amid the threat of US penalties. Washington is re-imposing strict sanctions on Iran, which were lifted under the 2015 international deal to control the country’s nuclear ambitions. On 8 May President Donald Trump denounced the deal, saying he would withdraw the […]

MOSCOW/WALLDORF, Germany – Most Western technology companies are losing ground in Russia under the weight of restrictive rules and mounting local competition. Germany’s SAP (SAPG.DE) is thriving. SAP is the clear leader in the Russian business-planning software market, supplying 53 of the top 100 Russian companies by revenue, according to a Reuters analysis of company […]

The Rhum gas field in the North Sea, which supplies 5% of the UK’s gas, is half-owned by the Iranian State Oil Company. BP, which owns the other half, is in the process of offloading its share to small North Sea specialist Serica, but that deal has not completed. BP does huge amounts of business […]

WTI at $70 on worries U.S. may pull out of nuclear deal * Dollar near 2018 high on relative strength of US growth * Resilient tech sector underpins shares * Emerging markets vulnerable to strong dollar, higher oil TOKYO, May 8 (Reuters) – Oil prices stood near their highest since late 2014 on Tuesday, ahead […]

Trump repeated his belief the existing Iran accord is ‘a horrible agreement for the United States’ US oil rose above $70 a barrel for the first time since November 2014 as traders braced for a re-imposition of US sanctions on Middle East crude producer Iran. Futures in New York and London jumped as much as […]

(SACRAMENTO) — California’s economy has surpassed that of the United Kingdom to become the world’s fifth largest, according to new federal data made public Friday. California’s gross domestic product rose by $127 billion from 2016 to 2017, surpassing $2.7 trillion, the data said. Meanwhile, the UK’s economic output slightly shrunk over that time when measured […]

With an assist from Warren Buffett, Apple surges to a new high and its best week in six and a half years. NEW YORK — U.S. stocks made up for a shaky week with a strong finish Friday as Apple led a rally in technology companies. The tech giant hit an all-time high after Warren […]

Chinese e-commerce giant Alibaba saw revenues surge by a better-than-expected 61% in the January-to-March quarter. Revenues hit 61.9bn yuan ($9.7bn; £7.2bn), boosted by steady sales in its core businesses. The first three months of the year are usually slow for Alibaba, coming after the boost from Singles Day in November. Alibaba is one of the […]

Apple Inc’s stock hit an all-time high on Friday after Warren Buffett’s Berkshire Hathaway Inc disclosed it had bought 75 million more shares of the iPhone maker in the first three months of the year. Buffett’s increased stake, confirmed by a representative of the billionaire investor, pushed Apple’s shares up as much as 3.8 percent […]

Amazon has a big middle finger today for all the affordable housing proponents out there. According to a Wednesday report in the New York Times, Amazon—Seattle’s largest employer with 45,000 staff in the city—has abruptly decided to halt a “huge” two-building, 7,000 employee expansion plan there after the City Council announced it was considering a new […]