Saudi Arabia’s Kingdom Holding Invests in Russian Energy Companies

Aug 14 (Reuters) – Saudi Arabia’s Kingdom Holding (4280.SE) invested between February 22 and March 22 in Russian energy groups Gazprom (GAZP.MM), Rosneft (ROSN.MM) and Lukoil (LKOH.MM), on Twitter on Sunday. Many Western countries have imposed sanctions on Russian energy companies and their executives following the Russian invasion of Ukraine on February 24. Kingdom Holding’s … Read more

Exclusive: Europe looks to Musk’s SpaceX to bridge launch gap created by tensions in Russia

PARIS, Aug. 12 (Reuters) – The European Space Agency (ESA) has entered preliminary technical talks with Elon Musk’s SpaceX that could lead to the temporary use of its launch vehicles after the conflict in Ukraine blocked Western access to Russian Soyuz missiles. The privately held US competitor to Europe’s Arianespace has emerged as a key … Read more

Five Chinese state-owned companies are delisting from NYSE

SHANGHAI/HONG KONG, Aug. 12 (Reuters) – Five Chinese state-owned companies, including China Life Insurance (601628.SS) and oil giant Sinopec (600028.SS) said Friday they would delist the New York stock exchange amid heightened diplomatic and economic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and Sinopec … Read more

South Korea’s Yoon Pardons Samsung’s Jay Y. Lee to Fight ‘Economic Crisis’

Samsung scion spent 18 months in prison for bribery S.Korea says leaders needed to help overcome economic crisis Samsung may increase investment with Lee grace – analysts SEOUL, Aug. 12 (Reuters) – South Korean President Yoon Suk-yeol on Friday pardoned Samsung Electronics (005930.KS) Vice Chairman Jay Y. Lee, with the South Korean Ministry of Justice … Read more

Strikes at Ukraine nuclear power plant prompt UN chief to create demilitarized zone

Russia ambassador warns of ‘nuclear catastrophe’ Zelenskiy demands Russia return factory to Ukraine Satellite images show damage at Russian air base in Crimea KYIV/NEW YORK, Aug. 12 (Reuters) – Russia and Ukraine accused each other of shelling Europe’s largest nuclear power plant when the UN chief proposed a demilitarized zone at the site amid fears … Read more

The gaming industry’s fortunes are fading as spending pressures follow a pandemic

Aug 10 (Reuters) – Gaming companies are facing a slowdown in video game demand from pandemic highs, casting doubt on their ability to weather an economic downturn. Rising prices and a lack of hit titles have compounded problems for video game publishers Activision Blizzard Inc (ATVI.O) and Electronic Arts (EA.O) who are also dealing with … Read more

Oil dips lower as halted Russian pipeline flows appear temporary, demand fears mount

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, US Nov. 22, 2019. REUTERS/Angus Mordant Register now for FREE unlimited access to Reuters.com Register Russia’s oil exports halted via southern leg of Druzhba . pipeline EU proposes ‘final’ text to revive Iran nuclear deal … Read more

Roblox slips as bookings raise concerns over gaming slowdown

A child looks back at a banner for Roblox, displayed on the facade of the New York Stock Exchange (NYSE) in New York, USA, March 10, 2021 to mark the company’s IPO. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Roblox Corp (RBLX.N) missed estimates for quarterly bookings … Read more

Ukraine halted oil flows to Europe over payment difficulties, Russia’s Transneft . says

The receiving station of the Druzhba oil pipeline between Hungary and Russia is seen at the Danube Refinery of the Hungarian MOL Group in Szazhalombatta, Hungary, May 18, 2022. REUTERS/Bernadett Szabo/File Photo Register now for FREE unlimited access to Reuters.com Register Ukraine Pipeline Operator Was Paid, But Money Back – Transneft Shipments stopped since 4 … Read more

EXCLUSIVE Russia begins stripping jets for parts as sanctions bite

This content was produced in Russia, where the law limits coverage of Russian military operations in Ukraine MOSCOW, Aug. 8 (Reuters) – Russian airlines, including state-controlled Aeroflot (AFLT.MM), are stripping jets to secure spare parts they can no longer buy abroad due to Western sanctions, four industry sources told to Reuters. The steps are in … Read more