LONDON (Reuters) – RWE will build a 600-megawatt solar farm in Britain as part of plans to expand its renewables activities in the country, the German utility said on Tuesday. …
Reuters
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Business News
Analysis-Whoosh tests Russian IPO interest as foreign investors frozen out
by Reutersby ReutersBy Alexander Marrow and Olga Popova MOSCOW (Reuters) – Corporate Russia is watching closely this week as electric scooter firm Whoosh braves Russian economic isolation with Moscow’s first IPO since …
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By Sam Tobin LONDON (Reuters) – Global mining giant BHP Group was on Tuesday accused of trying to “forever put off” the question of liability for a 2015 dam collapse …
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By Susanna Twidale, Kate Abnett and Gabriela Baczynska (Reuters) – A proposed cap on gas prices has divided European Union countries for months, as countries have argued about how high …
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Business News
Russian gas chemical projects face delays after foreign partners exit -cbank
by Reutersby ReutersMOSCOW (Reuters) – Russian gas chemical gas projects, led by energy giant Gazprom and privately held Sibur, are facing delays over decreased foreign involvement, a December report by the central …
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Business News
Bank of England warns of rising pressure on UK households and businesses
by Reutersby ReutersBy David Milliken and Huw Jones LONDON (Reuters) -The Bank of England warned on Tuesday about “significant pressure” on households and businesses due to higher inflation and borrowing costs, but …
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Business News
Volkswagen and Italy’s Enel launch joint venture for high-speed charging
by Reutersby ReutersBERLIN (Reuters) -Volkswagen and Italy’s Enel have formed a joint venture to build 3,000 high-speed charging points across Italy for electric vehicles (EVs), investing 100 million euros ($105.38 million) each, …
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By Trevor Hunnicutt and Nandita Bose WASHINGTON (Reuters) – The United States will commit $55 billion to Africa over the next three years as President Joe Biden prepares to host …
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BERLIN (Reuters) – The ongoing slowdown in global trade is expected to worsen in 2023, the U.N. Conference on Trade and Development (UNCTAD) said on Tuesday. “While the outlook for …
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By Timothy Gardner WASHINGTON (Reuters) -The U.S. Department of Energy on Tuesday will announce that scientists at a national lab have made a breakthrough on fusion, the process that powers …
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(Reuters) – Futures for Canada’s resources-heavy main stock index climbed on Tuesday as commodity prices rose, while investors kept a close watch on a key U.S. inflation reading for clues …
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(Reuters) – China’s Geely Automobile Holdings Ltd said on Tuesday its electric car brand, Zeekr, had confidentially filed for a U.S. initial public offering, in what would be the first …
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(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan. With headlines dominated by the arrest in the Bahamas of failed crypto boss Sam …
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WASHINGTON (Reuters) – U.S. small-business confidence rebounded in November, according to a survey on Tuesday, which also showed that inflation and worker shortages remained major issues for owners. The National …
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Business News
Wintershall Dea and partners to invest $800 million in Norway’s Dvalin North gas field
by Reutersby ReutersOSLO (Reuters) – Germany’s Wintershall Dea and its partners Petoro and Sval Energi will invest around 8 billion Norwegian crowns ($803.6 million) to develop the Dvalin North gas field in …
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Business News
Germany to pledge additional 50 million euros in winter aid for Ukraine
by Reutersby ReutersBERLIN (Reuters) – Germany will approve another 50 million euros ($52.68 million) in winter aid for Ukraine in response to Russian attacks on energy infrastructure there, German Foreign Minister Annalena …
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Business News
MTN lands subsea cable in South Africa to boost Africa’s connectivity
by Reutersby ReutersJOHANNESBURG (Reuters) – MTN South Africa and MTN GlobalConnect, in partnership with a consortium, have landed a 45,000 kilometre subsea cable in South Africa, part of plans to build a …
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US and World News
Russia rejects Zelenskiy call for troop pullout, saying Ukraine must accept ‘realities’
by Reutersby ReutersLONDON (Reuters) -Russia on Tuesday dismissed a peace proposal from Ukrainian President Volodymyr Zelenskiy that would involve a pullout of Russian troops, saying Kyiv needed to accept new territorial “realities”. …
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Business News
China delays key economic meeting amid COVID surge – Bloomberg News
by Reutersby Reuters(Reuters) -China is delaying a key economic meeting after COVID-19 infections surged in Beijing, according to a report by Bloomberg News on Tuesday, citing people familiar with the matter. The …
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By Sheila Dang (Reuters) – Twitter Inc on Monday disbanded its Trust and Safety Council, a volunteer group formed in 2016 to advise the social media platform on site decisions, …
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Business News
U.S. consults with Japan, Netherlands on chip restrictions as China pushes back
by Reutersby Reuters(Reuters) -The U.S.-China row over technology has ratcheted up this week, with Washington confirming talks with Japan and the Netherlands about tightening exports of semiconductor manufacturing equipment to China, and …
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Business News
Cathay Pacific Airways aims to return to pre-pandemic levels by end-2024
by Reutersby ReutersHONG KONG (Reuters) – Hong Kong’s Cathay Pacific Airways Ltd said on Tuesday the group is on track to achieve target of operating up to one-third of pre-pandemic passenger flight …
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MILAN (Reuters) – Italian boutique investment bank Equita has hired former Lazard banker Edoardo Schiavina as managing director to strengthen its industrial advisory team, it said on Tuesday. Schiavina joins …
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FRANKFURT (Reuters) – Germany’s Hapag-Lloyd is seeing a small uptick in demand for shipping after a decline in recent months, but the company on Tuesday reiterated its more muted outlook …
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(Reuters) -Holiday Inn owner IHG has named Michael Glover, the finance chief of its Americas division and group head of commercial finance, as its new finance boss, sending the company’s …