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VIENNA (Reuters) -A project to build a third runway at Vienna Airport which was scrapped on Tuesday after decades of planning would not have paid off and existing capacity allows for growth, the airport operator’s co-CEO told Austria’s ORF radio on Wednesday. “Will we make a return on this 2 billion euro ($2.3 billion) investment? …

Vienna Airport: third runway would not have paid off, growth ambitions are intact Read More »

By Jan Strupczewski BRUSSELS (Reuters) -The European Union has accelerated efforts to agree on a scheme to use frozen Russian assets to help Ukraine after a U.S.-backed peace plan last week set out different ideas, EU officials said. EU leaders tried at a summit last month to agree on a plan to use 140 billion …

EU urgently seeks agreement on using frozen Russian assets for Ukraine, as US touts other ideas Read More »

(Reuters) -German power utility RWE and U.S. investor Apollo Global Management said on Wednesday that they successfully closed their partnership transaction for a joint venture to fund power grid upgrades in Germany. The new JV will help fund the expansion of the electricity transmission grid, with Apollo providing 3.2 billion euros ($3.7 billion) in financing. …

RWE and Apollo Global Management close transaction for German power grid Read More »

COPENHAGEN (Reuters) -Norwegian aluminium producer Hydro said on Wednesday it would close five extrusion plants in Europe by 2026. “The reality in the European market requires decisive action. Decisions like this never come easy, but they are necessary,” CEO Eivind Kallevik said in a statement.  The closure would affect around 730 employees. Hydro said it …

Norway’s Hydro plans to close five extrusion plants in Europe Read More »

By Ozan Ergenay LONDON (Reuters) – European shares will repeat this year’s strong gains in 2026, a Reuters poll indicated, with investors hopeful that an improving economic environment combined with still low valuations relative to the U.S. will send indexes up 11% from current levels. European stocks are also well placed to fall less than …

Relatively cheap European stocks set for another 11% gain in 2026- Reuters poll Read More »

ZURICH (Reuters) -UBS could mark down credit funds managed by its O’Connor hedge fund unit by over 10% following the bankruptcy of U.S. auto parts supplier First Brands, German business paper Handelsblatt reported on Wednesday, citing sources. UBS said earlier this month it was winding down investment funds run by its hedge fund unit O’Connor, …

UBS credit funds could face 10% write-down due to First Brands, Handelsblatt reports Read More »