LONDON (Reuters) – Britain’s Octopus Energy said on Thursday its Octopus Energy Generation business had acquired a 10% stake in the East Anglia One wind farm, one of the world’s largest operational wind farms, powering around 700,000 homes a year. The deal, financial terms of which were not disclosed, is the fourth investment by the …
Britain’s Octopus Energy buys stake in East Anglia One wind farm Read More »
MADRID (Reuters) – Spanish Prime Minister Pedro Sanchez said on Thursday his government will implement a 14.1 billion euro ($15.66 billion) plan, including 7.4 billion euros in new financing, to cushion the impact of the new U.S. tariffs on the Spanish economy. The rest of the aid package will comprise existing instruments, Sanchez said. ($1 …
Spain’s PM Sanchez unveils $15.66 billion plan to protect economy from U.S. tariffs Read More »
MADRID (Reuters) – Spanish steel maker Acerinox said on Thursday that the U.S. tariffs would have “in principle” positive effects on the company as the country is its main market and where its main steel mills are located. The positive impact would offset the broad effects they may have on the economy, the company said. …
Spain’s Acerinox says tariffs positive in principle, but wary of surplus flooding EU Read More »
DUBLIN (Reuters) – Targeting U.S. digital services in potential reciprocal trade measures is not the European Union’s position and would be very damaging for Ireland, trade minister Simon Harris said on Thursday, urging negotiations. Harris was responding to comments from a French government spokesperson that services, notably digital services, were likely to be a focus …
Retaliating against U.S. digital services not EU position, Ireland says Read More »
By Foo Yun Chee LUXEMBOURG (Reuters) – Amazon criticised a book delivery fee imposed by France two years ago, telling Europe’s top court on Thursday the measure was discriminatory, protectionist and a breach of European Union law. France’s efforts to protect its cultural heritage and traditions have frequently put it at odds with tech and …
Amazon tells EU court French book delivery fee is protectionist Read More »
HELSINKI (Reuters) – Finland’s President Alexander Stubb said on Thursday that all of Europe should engage with the United States on the issue of trade tariffs. President Donald Trump’s move to impose sweeping tariffs on U.S. imports on allies and rivals alike sparked threats of retaliation on Thursday, intensifying a global trade war that threatens …
Finland says all of Europe should engage with the US on tariffs Read More »
MILAN (Reuters) -Defence company Leonardo, utility Enel and power generation supplier Ansaldo Energia have reached a deal to create a new company to study the use of nuclear power, Italy’s Energy Minister Gilberto Pichetto Fratin said on Thursday. Addressing a conference in Milan, Pichetto said Enel would contribute with its expertise in managing nuclear power …
Italy’s Leonardo, Enel and Ansaldo reach deal on nuclear joint venture Read More »
MILAN (Reuters) – President Donald Trump’s new tariffs will also apply to Ferrari cars ordered months ago but still not delivered to the United States, a spokesperson for the Italian luxury automaker said on Thursday. “Purchase contracts for Ferraris have clear and standard clauses allowing the company to adjust prices in case trade conditions change …
U.S. tariffs to also apply to Ferrari cars ordered months ago Read More »
MILAN (Reuters) -Leading governance adviser Glass Lewis has recommended shareholders in Monte dei Paschi (MPS) back a takeover bid for Mediobanca, by approving issuing the necessary shares in a vote scheduled on April 17. “We readily acknowledge that the proposed combination of Mediobanca with MPS carries identifiable execution risks, particularly in terms of cultural integration …
Monte dei Paschi investors should back bid for Mediobanca, Glass Lewis says Read More »
LONDON (Reuters) -British businesses’ expectations for inflation hit a one-year high in March, according to a Bank of England survey on Tuesday that will likely add to policymakers’ anxieties about the persistence of price pressures. The BoE’s Decision Maker Panel showed companies in the three months to March expected consumer price inflation of 3.2%, up …
UK businesses see more inflation, adding to BoE’s unease over expectations Read More »
