FRANKFURT (Reuters) -Germany’s grid regulator has approved the A-Nord power link, its head said on Tuesday, meaning it should go into operation in the middle of 2027 as part of an infrastructure upgrade to transmit wind energy from the north to the south of the country. Klaus Mueller, president of the Bundesnetzagentur, added he expected …
New north-south German power line expected in mid-2027 Read More »
SOFIA (Reuters) – Shell signed a contract with Bulgaria’s government on Tuesday giving the oil major rights to explore for oil and gas in a field in the Black Sea. The contract will allow Shell to explore 4,000 square metres in the Block 1-26 Khan Tervel field. “With this contract, we are taking a significant …
Bulgaria, Shell sign contract for Black Sea gas and oil exploration Read More »
ROME (Reuters) -Turkish home appliances maker Beko, owned by Arcelik, has struck a deal with trade unions and other partners that will limit job losses in Italy, the country’s industry ministry said in a statement on Monday. A provisional deal was announced last week, subject to a vote by union members on its contents. It …
Appliance maker Beko strikes deal to limit job losses in Italy Read More »
By Alessandro Parodi (Reuters) – Global sales of electric and plug-in hybrid vehicles rose 29% year-on-year in March, helped by growth in China and Europe, while EV growth in North America was hampered by U.S. President Donald Trump’s stance towards emissions standards and uncertainties around tariffs, data showed on Tuesday. U.S. tariffs on car imports …
Global electric vehicle sales up 29% in March, researchers find Read More »
By William Schomberg and Suban Abdulla LONDON (Reuters) – Britain’s labour market weakened before this month’s tax hike on employers, data showed on Tuesday, but wage growth remained strong, complicating the job for the Bank of England which is also expecting an economic hit from U.S. trade tariffs. Vacancies fell below their pre-COVID pandemic level …
UK employers cut jobs in run-up to Reeves’ tax hike Read More »
FRANKFURT (Reuters) – Euro zone industrial output rose more than expected in February, raising hopes that the sector bottomed out after a two-year recession, even if U.S. trade policy keeps risks high, data from Eurostat showed on Tuesday. Output in the 20 nations sharing the euro rose by 1.1% on the month, outpacing the 0.3% …
Euro zone industry grows more than expected in February Read More »
By Pushkala Aripaka (Reuters) – Discount retailer B&M on Tuesday forecast annual profit above the midpoint of its outlook range, buoyed by sales from new stores and robust French operations, with cost cuts also helping it mitigate cautious demand from customers. Its shares rose as much as 7.5% to 321.7 pence by 0738 GMT as …
Discount retailer B&M’s profit outlook upgrade lifts shares Read More »
LONDON (Reuters) – The pound edged up on Tuesday, clawing back some gains from the euro in particular, as the volatility that has dominated markets for the past couple of weeks appeared to ebb. On the macro front, data on Tuesday showed Britain’s labour market showed signs of weakening in the run-up to this month’s …
Sterling edges up; UK data shows softer jobs market Read More »
By Mathias de Rozario (Reuters) -Dutch digital mapping specialist TomTom beat revenue expectations on Tuesday, after a strong performance in its automotive and enterprise location technology businesses. The Amsterdam-based company posted revenue of 140.4 million euros ($159.44 million) for the first quarter, up 1% year-on-year, and above the 136 million euros forecast in a company-provided …
Digital mapper TomTom’s Q1 revenue beats estimate on location technology performance Read More »
By Gianluca Lo Nostro (Reuters) -Ericsson’s first-quarter core earnings trounced analysts’ expectations on Tuesday as North American telecom customers placed more orders for its gear ahead of the impact of potential U.S. tariffs. Adjusted operating earnings excluding restructuring charges rose 44% year-on-year to 6.2 billion Swedish crowns ($636 million), a nearly 40% beat to the …
Ericsson’s profit surges as North American clients buy gear ahead of Trump’s tariffs Read More »
