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Romanian port can ship more Ukraine grain after collapse of Black Sea deal

Reuters exclusively reported that Romania’s Constanta port, Ukraine’s main alternative route for grain since Russia’s withdrawal led to the collapse of the Black Sea shipment deal, has capacity to handle extra cargoes until mid-August.  The post Romanian port can ship more Ukraine grain after collapse of Black Sea deal appeared first on Reuters News Agency.

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EU regulators rebuff Meta’s offer to curb use of ad data

Reuters exclusively reported that Meta Platforms (META.O) offered to curb the use of competitors’ advertising data for its Facebook Marketplace online classified service in an attempt to settle an EU antitrust investigation but regulators gave it the cold shoulder.  The post EU regulators rebuff Meta’s offer to curb use of ad data appeared first on...

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Thyssenkrupp to win EU nod for $2.3 bln German steel subsidies

Reuters exclusively reported that the European Commission would approve 2 billion euros in state aid for Thyssenkrupp’s plan to build a green steel plant at its headquarters in Duesseldorf. Sources told Reuters two days in advance that a decision in favor of the grant could come as soon as July 20, the day the Commission...

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India aims to trade electricity with Southeast Asia

Reuters exclusively revealed that India is considering trading power with Southeast Asian countries through Myanmar and Thailand as New Delhi looks to use its growing renewables capacity to boost regional diplomatic engagement.  The post India aims to trade electricity with Southeast Asia appeared first on Reuters News Agency.

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Black Sea grain deal: Russia refuses to renew and says no guarantees for ships now

Reuters was first to report that Russia was withdrawing from the UN-brokered agreement for a wartime safe shipping channel for Ukraine’s grain exports. The Monday announcement pushed global wheat prices sharply higher. U.S. wheat futures also jumped 8.5% on Wednesday and European grains soared after Reuters reported, ahead of competition, that Moscow would deem all...

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Microsoft hit with EU antitrust complaint by German rival 

Reuters exclusively reported that Microsoft (MSFT.O) was hit with an EU antitrust complaint by German rival alfaview on Thursday over its bundling of video app Teams into its Office product as the bloc’s regulator prepares to investigate the U.S. tech giant. The complaint, the second after Slack, comes as the EU competition enforcer prepares to open an...