LONDON (Reuters) – Britain will unveil more help for businesses hurt by the coronavirus outbreak on Tuesday after the government told people to avoid pubs, clubs, restaurants, cinemas and theaters, raising the risk of companies collapsing. Finance minister Rishi Sunak, who last week announced support for business alongside emergency moves by the Bank of England, […]

LONDON (Reuters) – The owner of British Airways and easyJet, Europe’s no.3 and no.4 airlines, said they would ground aircraft on an unprecedented scale in a battle to survive the travel restrictions and European lockdowns now convulsing the industry. Britain’s government said it would discuss how to protect the industry from the coronavirus pandemic after […]

LONDON (Reuters) – Oil prices fell 4% on Monday, as the rapid spread of the coronavirus in countries outside China added to investor concerns about the impact on demand. Global shares also extended losses as worries about the impact of the virus grew, with the number of infections jumping in Iran, Italy and South Korea. […]

LUCKNOW, India (Reuters) – India has clarified the nature of a gold discovery in Uttar Pradesh, after a government official said on Saturday that fields with reserves of more than 3,000 tonnes of gold ore had been found, prompting a flurry of activity on social media. Central and state departments have discovered traces of gold […]

LUCKNOW, India (Reuters) – India, the world’s second-biggest gold consumer, has discovered gold fields with reserves of over 3,000 tonnes in Uttar Pradesh, a government official said on Saturday. India mines between 2 to 3 tonnes of gold annually, relying on expensive imports to fulfil nearly all of its demand, which averaged 843 tonnes per […]

NEW DELHI (Reuters) – Didier Casimiro, placed on a sanctions list by the United States earlier this week, on Friday resigned from the board of Indian refiner Nayara Energy, part-owned by Russian oil major Rosneft, company filings with the Indian government show. The United States on Tuesday blacklisted Rosneft Trading S.A. (RTSA) and its president […]

LONDON (Reuters) – Britain’s biggest domestic lender Lloyds Banking Group (LLOY.L) reported a 26% drop in annual profit on Thursday, hit by increasing bad debts and billions of pounds of customer compensation. Provisions to cover payouts to customers mis-sold payment protection insurance (PPI) reached nearly 2.5 billion pounds ($3.2 billion) in 2019, dragging down pretax […]

SEATTLE (Reuters) – Boeing Co found debris that could pose potential safety risks in the fuel tanks of several 737 MAX aircraft that are in storage and waiting to be delivered to airlines, according to an internal memo seen by Reuters on Tuesday. Foreign object debris, an industrial term for rags, tools, metal shavings and […]

NEW DELHI (Reuters) – India will consider extending deadlines for completing solar energy projects to shield developers from stiff penalties after the coronavirus outbreak hit component supplies from China, a top government official said on Tuesday. Ratings agency Standard and Poor’s Indian unit, Crisil, warned on Monday that nearly three gigawatts of solar power projects […]

ZURICH (Reuters) – Environmental activists staged protests at offices of commodities groups Cargill [CARG.UL], Vitol [VITOLV.UL] and Mercuria in Geneva on Monday, Swiss police said on Monday. About 50 activists were present for about 15 minutes at Cargill’s offices, but then left, a spokesman for Geneva cantonal police said. Sit-ins lasted for most of the […]