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Netherlands backs carbon storage project as Total, Shell step back

25 Apr 2025

By Alban Kacher AMSTERDAM -The Dutch government said on Friday it would commit 639 million euros ($726 million) to the construction of the country’s largest carbon capture and storage project, after TotalEnergies and Shell withdrew part of their planned investments. The two oil majors have opted out of investing in the pipeline infrastructure necessary to connect …

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World Bank is not an American bank, German development minister says

25 Apr 2025

By Maria Martinez WASHINGTON (Reuters) -The Trump administration cannot determine the mission of the World Bank because the global lender’s goals are based on agreement by many countries, Svenja Schulze, Germany’s minister for economic cooperation and development, told Reuters. “This is not an American bank, it’s a world bank,” Schulze said in an interview on …

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Germany’s Merck says in late-stage discussions to buy SpringWorks for $3.5 billion

25 Apr 2025

By Sriparna Roy (Reuters) – Germany’s Merck KGaA said on Thursday it is in late-stage talks to acquire U.S.-based SpringWorks Therapeutics for about $3.5 billion, a deal that could give it access to a recently approved rare disease drug and expand its portfolio of experimental cancer treatments. Merck said that the companies are in discussions …

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FX firm Argentex agrees to takeover deal with IFX Payments

25 Apr 2025

(Reuters) -Britain’s Argentex Group said on Friday it had reached an agreement with IFX Payments for a takeover, which values the currency risk management company at about 3 million pounds ($4 million), hours after it replaced its CEO. ($1 = 0.7506 pounds) (Reporting by Pushkala Aripaka in Bengaluru; Editing by Shreya Biswas)

Some European companies wary of expanding in US amid tariff chaos

25 Apr 2025

By Giulio Piovaccari, Christoph Steitz, Victoria Waldersee MILAN/FRANKFURT/BERLIN (Reuters) -U.S. President Donald Trump’s erratic approach to tariffs is causing some smaller European companies to question the benefits of expanding in the U.S. market – a sign of how tough it has become to navigate trade in the world’s top economy. By putting levies on everything …

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Jet engine maker Safran’s revenues rise 17% in first quarter

25 Apr 2025

PARIS (Reuters) -Shares in Safran rose on Friday after the French jet engine maker reported stronger-than-expected first-quarter revenues and said it was studying ways to manage the impact of global trade tensions. Safran, which also makes landing gear, brakes and cabin interiors, said revenues rose 16.7% to 7.257 billion euros ($8.2 billion), led by engine …

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UK’s Mobico shares plunge as it sells US school bus business for $608 million

25 Apr 2025

By Shashwat Awasthi (Reuters) -British transport company Mobico’s shares plunged more than 30% on Friday after it said it would sell its U.S. school bus business for a less than expected $608 million and that it expects 2024 earnings at the lower end of its guidance range. The sale to infrastructure investor I Squared Capital is …

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Swiss National Bank rules out following climate goals with investments

25 Apr 2025

BERN (Reuters) -The Swiss National Bank does not have the right tools or the mandate to tackle climate changes or threats to biodiversity, Chairman Martin Schlegel told shareholders at the central bank’s annual general meeting on Friday. “I understand this topic is of great importance for our society and all humanity and it is of …

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Britain’s energy price cap set to fall 9% in July, Cornwall Insight says

25 Apr 2025

By Susanna Twidale LONDON (Reuters) -Britain’s domestic energy price cap is expected to fall around 9% in July after wholesale energy prices tumbled amid warmer weather and as U.S. tariff announcements stoked fears for economic growth. A fall in the cap would be welcome news for the government, under pressure to meet a pledge to …

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