By Niklas Pollard and Stine Jacobsen STOCKHOLM (Reuters) -Sweden provisionally aims to raise defence spending to 3.5% of GDP by 2030, a bigger and faster ramp-up than previously planned as part of its biggest rearmament since the Cold War, Prime Minister Ulf Kristersson said on Wednesday. Defence spending has so far been projected to reach …
Sweden eyes rise in defence spending to 3.5% of GDP by 2030 Read More »
ZURICH (Reuters) – Syngenta Group expects the crop protection market to stabilize this year after it posted a decline in sales and profit during 2024, the agrochemicals company said on Wednesday. The Swiss-based company, which is controlled by China’s Sinochem, said inventory reductions in crop protection products, unfavourable weather conditions and weaker currencies in emerging …
Syngenta expects crop protection market to stabilise in 2025 Read More »
LONDON (Reuters) -The British public’s expectations for inflation over the longer term have risen this month to their highest since October 2022, when surging energy prices had pushed headline inflation to double digits, a Citi/YouGov survey showed on Wednesday. Longer-term inflation expectations rose to 4.2% in March from 3.9% in February, while year-ahead expectations rose …
UK public’s inflation expectations rise to highest since Oct 2022, survey shows Read More »
By Sudip Kar-Gupta PARIS (Reuters) – GravitHy, a low-carbon French iron producer which is planning to build a plant in southern France, said on Wednesday it had raised 60 million euros ($65 million). The company, founded in 2022, said its latest fundraising had brought in new investors such as Rio Tinto and Siemens, along with …
French low-carbon iron producer GravitHy raises $65 million Read More »
By America Hernandez PARIS – French oil major TotalEnergies said on Wednesday it would invest 160 million euros ($172.7 million) in six new battery storage projects in Germany to be commissioned next year, adding to its investments in power production and delivery in the country. “The implementation and integration of all these battery projects will …
TotalEnergies to invest in six German battery-storage projects Read More »
LONDON (Reuters) -British supermarket group Morrisons’ sales growth slowed in its first quarter, reflecting a previously flagged cyber attack at its technology provider which disrupted its operations. The UK’s fifth largest grocer, which has been owned by U.S. private equity firm Clayton, Dubilier & Rice since 2021, said on Wednesday its like-for-like sales rose 2.1% …
UK supermarket Morrisons’ sales growth slows after cyber attack Read More »
By Andy Bruce and William Schomberg LONDON (Reuters) -British inflation slowed more than expected in February, bringing some relief to consumers ahead of a likely new pick-up in price growth and to finance minister Rachel Reeves before her budget update speech on Wednesday. Consumer prices rose by 2.8% in annual terms in February after a …
UK inflation cools more than expected in February but fresh climb expected Read More »
By Victoria Waldersee BERLIN (Reuters) -Porsche SE, Volkswagen’s largest shareholder, is eyeing defence and infrastructure as possible new long-term investment areas, it said on Wednesday, adding there were no plans to sell shares in Volkswagen or Porsche AG. Germany’s parliament this month approved plans to create a 500-billion-euro ($540 billion) infrastructure fund and allow higher …
Volkswagen shareholder Porsche SE eyes defence, infrastructure for new investments Read More »
By Tom Sims FRANKFURT (Reuters) -Commerzbank’s supervisory board last year created a special committee to discuss UniCredit’s stake in Germany’s top lender and met five times in 2024, Commerzbank disclosed on Wednesday in its annual report. The committee’s formation sheds new light on how the Italian bank’s surprise buildup of its holding in Commerzbank upended …
Commerzbank’s supervisory board formed special committee on UniCredit in 2024 Read More »
BERLIN (Reuters) – Germany’s network regulator on Wednesday proposed a fixed annual fee of 25 euros ($27) per kilowatt-hour per hour to use the country’s planned core hydrogen network, as it aims to ramp up and finance infrastructure for a key energy transition fuel. Germany aims to increase its use of hydrogen to reduce greenhouse …
Germany proposes annual fee to kick-start hydrogen pipeline network Read More »
