Reuters UK Business

MADRID (Reuters) – Spanish airlines expect record passenger traffic this summer, as tourists keep booking trips to make up for time lost during the COVID pandemic, the ALA industry association said on Friday. Airlines plan to fill 245.9 million seats for the 2025 summer season, which runs from April to October, ALA’s chief, Javier Gandara, …

Spanish airlines see another record summer as tourists move on from COVID Read More »

(Reuters) – Shell said on Friday it has taken the final investment decision for Gato do Mato, a deepwater project offshore Brazil with a capacity of 120,000 barrels of oil per day, where first oil is expected to flow in 2029. Shell, the operator of the project, owns a 50% stake in Gato do Mato, …

Shell invests in Brazilian offshore project Read More »

By Andres Gonzalez and Pietro Lombardi LONDON/MADRID(Reuters) – Abu Dhabi renewable energy company Masdar is exploring the acquisition of a stake in French oil major TotalEnergies’ Portuguese renewables assets, three people with knowledge of the matter told Reuters. Any deal would likely be done through Saeta Yield, the green energy company Masdar bought last year …

Masdar weighs buying stake in TotalEnergies’ Portuguese renewables, sources say Read More »

By Bernadette Hogg and Isabel Demetz (Reuters) – German steel producer Salzgitter said on Friday it was too early to tell if its HKM joint venture with Thyssenkrupp and Vallourec would be closed, after a potential buyer dropped out in February. Previously, German conglomerate Thyssenkrupp said HKM would have to be shuttered if no buyer …

Salzgitter says future of steel joint venture with Thyssenkrupp is uncertain Read More »

LONDON (Reuters) – British supermarket Asda is lowering prices on a further 1,500 products, it said on Friday, stepping up a price war that has seen shares in rivals slide over the last week. Asda, Britain’s third largest grocer, warned last week it would take a hit to profits as it made a “substantive” investment …

Britain’s Asda steps up price war with more cuts Read More »

By Yadarisa Shabong (Reuters) – The British pound extended its decline against the dollar on Friday but was poised to end the week higher, a day after the Bank of England kept interest rates unchanged and raised concerns about a rise in global trade tensions. Sterling was down 0.2% at $1.29405 after hitting as high …

Sterling edges down but set for another weekly gain after BoE meeting Read More »

By Toby Sterling THE HAGUE (Reuters) – Nine European Union countries are working to speed up plans to boost the bloc’s computer chip industry and aim to present their proposals by the summer, one of the coalition’s leaders said on Friday. The coalition, which includes Italy, France, Germany, Spain and the Netherlands, is doing “homework …

Group of EU states seeks faster progress in chips industry Read More »