COPENHAGEN (Reuters) -Ireland will go ahead with at least three more offshore wind auctions by the end of this decade, its marine minister told Reuters on Thursday, adding that it was unlikely the country would meet its target of 80% of electricity generation from renewable sources by 2030. The commitment to offshore wind comes despite …
Ireland commits to more offshore wind auctions despite industry turmoil Read More »
By Alex Lawler, Anna Hirtenstein and Amanda Cooper LONDON (Reuters) – A positive correlation between global oil benchmark Brent crude and U.S. equities has reemerged in 2025, reflecting concern about the slowing economy and the impact of U.S. President Donald Trump’s trade wars. Asset classes moving in tandem presents a conundrum for money managers, challenging …
Oil moves closer to stocks in 2025 as Trump tariffs roil markets Read More »
By Indradip Ghosh BENGALURU (Reuters) – The European Central Bank will cut interest rates on April 17 amid risks of falling inflation and slower growth, according to a Reuters poll of economists taken before a surprise U.S. announcement to delay most reciprocal tariffs it had put in place. In a stunning turnaround, U.S. President Donald …
By Kate Abnett BRUSSELS (Reuters) -European Union countries are projected to install a record amount of renewable energy capacity this year, European Commission projections showed, although parts of the sector warned cuts to government support could hamper this growth. EU countries are expected to add 89 gigawatts of new renewable energy capacity in 2025, including …
EU expects to add record renewable capacity in 2025, industry sees headwinds Read More »
HAMBURG (Reuters) – Freight shipping costs on the Rhine river in Germany surged this week as water levels fell further, compelling vessels to sail less than half full, commodity traders said on Thursday. Freight deliveries were still taking place, with loads divided among more vessels, which increases costs for cargo owners. But rain is at …
Rhine shipping costs in Germany rise as river level falls, but rain forecast Read More »
By Terje Solsvik OSLO (Reuters) -Norway’s $1.7 trillion sovereign wealth fund will adhere to broad risk diversification in the face of turbulent markets and uphold its long-term investment strategy despite incurring huge losses so far this year, the government said on Thursday. U.S. President Donald Trump announced hefty tariffs on imports to the United States …
Norway wealth fund sticks with long-term strategy despite $100 billion loss Read More »
By Aditya Soni and Juby Babu (Reuters) – The “Magnificent Seven” stocks amassed more than $1.5 trillion in market value on Wednesday after U.S. President Donald Trump paused his sweeping tariffs for 90 days, easing pressure on tech giants that had tumbled in recent sessions. The gains did not erase the $3.4 trillion in value …
Magnificent Seven rides again as Trump pauses tariffs; adds $1.5 trillion in value Read More »
HELSINKI (Reuters) – Sweden’s economic growth will be negatively affected by the international conflict over trade tariffs, Finance Minister Elisabeth Svantesson said on Thursday. “It’s a given that the growth outlook must be revised down when the next forecast is presented,” Svantesson told reporters after a meeting between government ministers, companies and labour unions. U.S. …
Sweden’s economic growth will be hit by tariffs, finance minister says Read More »
MADRID (Reuters) – The Spanish Banking Association will legally challenge the country’s new banking tax, the lobby’s head, Alejandra Kindelan, said on Thursday, adding that the levy represented a burden of 2 billion euros ($2.21 billion) on the sector. In 2024, Spanish lawmakers approved the government’s new tax plans, which included extending a modified temporary …
Spanish banking lobby to challenge new tax in court Read More »
LUCERNE, Switzerland (Reuters) – UBS shareholders on Thursday reelected Chairman Colm Kelleher with 90% of votes, compared to 96% of votes in 2024. The voting approval rate for Vice Chairman Lukas Gaehwiler also dropped, to 89.5% in 2025 from 98.6% in 2024. UBS shareholders elected two new board members at the bank’s AGM on Thursday, …
UBS shareholders reelect chairman Colm Kelleher with 90% of votes Read More »
