Business

A letter sent to luxury goods group LVMH by the French foreign ministry requesting it delay its $16 billion (12.32 billion pounds) purchase of U.S. jeweller Tiffany to early January was not binding, a French government source said.

Mediaset was ready to discuss ideas to develop its business with France's Vivendi, a top executive at the Italian broadcaster said on Wednesday, a sign that an end may be in sight to a dispute with its second largest investor.

U.S. crude oil production is expected to fall 870,000 barrels per day to 11.38 million bpd this year, a less steep decline than previously forecast, the U.S. government said in its latest monthly outlook on Wednesday.

French luxury goods giant LVMH abandoned its $16 billion takeover of Tiffany, a deal that has lost its gloss in the wake of the COVID19 pandemic, setting the stage for a bitter battle as the U.S. jeweler sued to force it through.

For homeowners in coastal states, the 2020 hurricane season could mean financial disaster. Named storms are rolling in at a record pace, with as many as 25 expected in the Atlantic this season twice the average number. After battering the Louisiana coast...

Ryanair has cut its annual passenger target to 50 million passengers from a forecast of 60 million made in July as COVID19 renders the winter a "writeoff", Group Chief Executive Michael O'Leary told Reuters in an interview on Wednesday.

AstraZeneca Plc said it has paused global trials, including large latestage trials, of its experimental coronavirus vaccine due to an unexplained illness in a study participant.

British firms hired temporary staff in August at the fastest pace since the end of 2018 as they tried to recover from the COVID19 lockdown but remained wary of the pandemic and the Brexit impasse, a recruiters industry group said.

Britain will set out new details of its blueprint for life outside the European Union on Wednesday, publishing legislation a government minister acknowledged would break international law in a "limited way" and which could sour trade talks.

American Airlines will let employees wear Black Lives Matter pins on their uniforms, calling it a matter of equality and not politics.

Democratic presidential nominee Joe Biden is tapping some of the most experienced trade professionals in Washington to help chart a new course on trade if he is elected.

Russia believes it is extremely important to quickly regain, or even raise, its oil market share once demand recovers, as it readies to build up its fleet of unfinished oil wells, Energy Minister Alexander Novak said.

Royal Mail on Tuesday raised its revenue target for the current year, driven by a jump in online shopping parcel volumes, but forecast an annual loss due to costs related to the COVID19 pandemic and the changing nature of its business.

Commodities trader Trafigura said on Tuesday it has launched a financing platform of up to $500 million for lowcarbon aluminium with lenders Natixis SA and Rabobank, riding on the trend towards sustainable metal production.

Gold prices steadied in a tight range on Tuesday, as doubts over a global economic recovery countered pressure from a stronger dollar ahead of policy strategies from central banks in Europe and North America.

British aerospace supplier Meggitt said on Tuesday it would not pay an interim dividend to preserve cash to weather the coronavirus crisis, after reporting a 37% fall in firsthalf profit as the aviation industry came to a grinding halt.