By Sarah Young LONDON (Reuters) -Britain has backed Heathrow Airport’s 49 billion pound ($64 billion) expansion and upgrade plan as the basis for adding a new runway, choosing it over a cheaper rival proposal, the government said on Tuesday. The decision follows finance minister Rachel Reeves’ pledge in January to build a third runway at …
UK chooses Heathrow Airport’s $64 billion plan as basis for expansion Read More »
By Michel Rose, Sabine Siebold, John Irish and Tim Hepher PARIS/BERLIN (Reuters) -France and Germany are ratcheting up pressure on their industrial champions to rescue Europe’s next-generation fighter as the 100-billion-euro ($115 billion) project teeters on the brink of collapse, sources close to the matter said. The Future Combat Air System (FCAS), floated more than …
Analysis-France and Germany step up pressure on arms firms to resolve fighter impasse Read More »
TURIN (Reuters) -Stellantis Chairman John Elkann on Tuesday warned the European auto industry risks an “irreversible decline” if the European Union does not soften its stance on cuts in carbon emissions to grant automakers more flexibility. The European Commission is due to present a package of proposals for its scheduled review of EU carbon emissions …
By Nora Buli OSLO (Reuters) -Norwegian energy producer Equinor is looking at options for participating in a planned German gas-fired power plant tender but requires more detail before making any decision, a senior executive said on Tuesday. Germany plans to tender eight gigawatts (GW) of new gas-fired power plant capacity next year, with a further …
Equinor explores role in Germany’s gas plant capacity expansion Read More »
PARIS (Reuters) -Aramco Ventures, a subsidiary of Saudi national oil major Aramco, is opening an office in Paris to oversee European artificial intelligence investment expected to total hundreds of millions of euros, CEO Mahdi Aladel told Reuters on Tuesday. The growth of data centres used for artificial intelligence has boomed in recent years, with many …
Aramco venture capital arm to open Paris office for AI investment Read More »
(Reuters) -EssilorLuxottica faces a three-day strike by around 9,000 French workers later this week, union FO Metaux said on Tuesday, citing demands for better wages following the eyewear company’s record quarterly performance. The nationwide strike, set to occur from Nov. 27 to Nov. 29, marks the first time all union organizations are coordinating action across …
French workers at EssilorLuxottica stage strike for better pay Read More »
TURIN (Reuters) -Stellantis Chairman John Elkann on Tuesday warned that the European auto industry risks an “irreversible decline”. Speaking in Turin during an event marking the start of large-scale production of the new hybrid version of the Fiat 500 small car, Elkann said the industry as a whole had drawn up a package of proposals …
European car industry risks ‘irreversible decline’, Stellantis chairman warns Read More »
By Sam Tabahriti LONDON (Reuters) -Britain will include stockpiling of critical minerals in its defence procurement plan and expects lithium processing projects in northern England to break ground within the next few years as it seeks to reduce its reliance on China. The government launched its critical minerals strategy last week, which set targets to …
UK to stockpile critical minerals, fast-track lithium plants Read More »
BRUSSELS (Reuters) -The aggregated fiscal stance of euro zone countries should stay neutral next year, the European Commission said on Tuesday in a recommendation that is to help coordinate fiscal policies in the single currency area that already has one monetary policy. The Commission forecast last week that the aggregated budget deficit of the 20 …
EU Commission says euro zone 2026 fiscal stance should stay neutral Read More »
DUBAI (Reuters) -Shipping group Maersk will take steps to resume navigation through the Red Sea via the Suez Canal as soon as conditions allow, CEO Vincent Clerc said on Tuesday. The Suez Canal Authority said in a statement that Maersk container ships will resume transit via the canal on a partial basis from the beginning …
Maersk to return to Red Sea route as soon as conditions allow, CEO says Read More »
