South Africa's Mr Price makes European debut through German value retailer deal

South Africa's Mr Price makes European debut through German value retailer deal

South African fashion retailer Mr Price has agreed to buy NKD Group, a German-based discount retailer, for up to 487 million euros , marking its entry into the European market. Mr Price...
December 10, 2025 at 10:39 am
EU countries' ambassadors approve phase out of Russian gas imports

EU countries' ambassadors approve phase out of Russian gas imports

European Union countries' ambassadors on Wednesday greenlit the bloc's plan to phase out Russian gas imports by late 2027, a spokesperson for Denmark's EU presidency said, clearing one of the final...
December 10, 2025 at 09:04 am
EU strikes deal to weaken corporate sustainability laws

EU strikes deal to weaken corporate sustainability laws

The European Union reached a deal on Tuesday to scale back its corporate sustainability laws, after months of pressure from companies and governments including the United States and Qatar. ...
December 09, 2025 at 02:00 am
PetroSA approves Shell as majority partner in block offshore South Africa, document shows

PetroSA approves Shell as majority partner in block offshore South Africa, document shows

South Africa's legacy national oil company, PetroSA, has approved a deal to give Shell Offshore a 60% stake in its Block 2C, off the country's west coast, a document seen by Reuters showed on Monday. ...
December 08, 2025 at 10:52 am
Gazprom delivers first post-sanctions LNG cargo from Portovaya to China, data shows

Gazprom delivers first post-sanctions LNG cargo from Portovaya to China, data shows

Russian energy giant Gazprom has delivered a liquefied natural gas cargo from Portovaya LNG plant to China, in the first such shipment since the United States introduced sanctions against the project...
December 08, 2025 at 08:12 am
Stocks, bonds cautiously hopeful Fed will deliver

Stocks, bonds cautiously hopeful Fed will deliver

Share and bond markets seemed guardedly optimistic on Monday that the Federal Reserve would deliver a much-needed rate cut this week, though the meeting looks set to be one of the most fractious in...
December 08, 2025 at 05:39 am
German foreign minister heads to Beijing as Berlin toughens China stance

German foreign minister heads to Beijing as Berlin toughens China stance

German Foreign Minister Johann Wadephul heads to China on Monday for his first visit as Berlin toughens its stance on Beijing over trade disputes and geopolitical conflicts, in line with European...
December 07, 2025 at 11:01 pm
German foreign minister to discuss rare earths, steel in China visit

German foreign minister to discuss rare earths, steel in China visit

Germany's foreign minister plans to tackle critical issues such as rare earths and steel during an upcoming trip to China, he said on Sunday, highlighting the challenge for Berlin in dealing with what...
December 07, 2025 at 11:45 am
US owner of major Russian agriculture firm says no plans to sell up

US owner of major Russian agriculture firm says no plans to sell up

U.S. company NCH Capital said on Friday that it has no plans to sell major Russian agricultural producer AgroTerra, after the head of Russia's second-largest bank said it was in talks to buy the...
December 05, 2025 at 09:45 am
Glenfarne finalizes 20-year LNG supply deal with South Korea's POSCO

Glenfarne finalizes 20-year LNG supply deal with South Korea's POSCO

Glenfarne's Alaska LNG unit said on Thursday it finalized an agreement to supply 1 million tonnes per annum of liquefied natural gas to South Korean trading firm POSCO International for 20 years from...
December 04, 2025 at 06:03 pm
Aurubis reports lower annual profit as copper output slows

Aurubis reports lower annual profit as copper output slows

Europe's largest copper producer Aurubis reported annual operating core profit just below market expectations on Thursday, weighed down by lower concentrate throughput at reduced treatment and...
December 04, 2025 at 06:13 am
World Bank warns developing world 'not out of danger' as debt costs hit record

World Bank warns developing world 'not out of danger' as debt costs hit record

The gap between developing nations' debt servicing costs and new financing hit a more than 50-year high of $741 billion between 2022 and 2024, the World Bank said on Wednesday, urging countries to use...
December 03, 2025 at 02:36 pm
Qatar cuts Sainsbury's stake to end near two-decade reign as top shareholder

Qatar cuts Sainsbury's stake to end near two-decade reign as top shareholder

Qatar's sovereign wealth fund plans to reduce its stake in Britain's second-largest supermarket group Sainsbury's by nearly 4%, a term sheet showed on Tuesday, ending its near-two-decade reign as top...
December 02, 2025 at 09:10 pm
Qatar's wealth fund to cut down stake in British supermarket chain Sainsbury's

Qatar's wealth fund to cut down stake in British supermarket chain Sainsbury's

Qatar's sovereign wealth fund plans to cut down its stake in Britain's second-largest supermarket group Sainsbury's by offering about 83.6 million shares to the market, a term sheet showed on...
December 02, 2025 at 07:15 pm
Swiss may need to get used to U.S. tariffs, official says

Swiss may need to get used to U.S. tariffs, official says

Switzerland may need to get used to U.S. tariffs, a top Swiss trade negotiator was quoted as saying on Tuesday after the country reached a tariff deal to get parity with the European Union. ...
December 02, 2025 at 12:11 pm