By Yousef Saba DUBAI (Reuters) – Abu Dhabi petrochemicals company Borouge will seek shareholder approval to buy back up to 2.5% of its shares, it said on Monday, after its share price plunged on this month’s news of its merger deal with Austria’s Borealis. Borouge’s majority shareholder Abu Dhabi National Oil Company and Austria’s OMV …
Borouge proposes shares buyback after stock slides on merger news Read More »
By Riham Alkousaa HAMM, Germany (Reuters) -A Peruvian farmer who says German energy giant RWE’s emissions have contributed to the melting of Andean glaciers, increasing the flood risk to his home, took his case to court on Monday in a hearing that could set a precedent for climate litigation. The case, which began a decade …
Peruvian farmer takes Germany’s RWE to court in landmark climate case Read More »
MOSCOW (Reuters) – Pavel Durov, the Russian-born founder and CEO of Telegram, said on Monday that he had returned to Dubai. Durov was arrested at an airport near Paris last August and subsequently placed under formal investigation, with a ban on leaving France. Durov said he had spent several months in France “due to an …
By Kate Abnett BRUSSELS (Reuters) -The European Union should amend its clean-tech funding rules to allow bankrupt Swedish battery cell maker Northvolt to access support that could help it attract a potential new owner, Sweden’s deputy prime minister told Reuters on Monday. Electric vehicle battery maker Northvolt said last week it had filed for bankruptcy …
EU support could help Northvolt attract new owner, Sweden says Read More »
By Forrest Crellin and Benjamin Mallet PARIS (Reuters) -France has agreed to issue state-owned EDF with a subsidized loan covering at least half the construction costs of six nuclear reactors, president Emmanuel Macron’s office said on Monday, a major step in its plan to renew an ageing nuclear fleet. Negotiations between EDF and the state …
France agrees to issue EDF with preferential loan for six nuclear reactors Read More »
(Reuters) -Greece’s largest carrier Aegean Airlines said on Monday it would offer more seats this year after its 2024 turnover rose to a record high, driven by a 6% increase in total passenger traffic. The airline’s consolidated revenue rose 5% to 1.78 billion euros ($1.94 billion) from 1.69 billion euros in 2023. “The successful execution …
Greece’s Aegean Airlines to add more seats after record 2024 revenue, passenger traffic Read More »
(Reuters) – Russia’s state-controlled gas giant Gazprom recorded a net loss of 1.076 trillion roubles ($12.89 billion) in 2024 under Russian accounting standards (RAS), Interfax news agency reported. In 2023 the company reported net profit of 695.6 billion roubles under RAS. The loss was primarily due to a decrease in the market value of shares …
Gazprom swings to net loss of $12.9 billion under Russian standards in 2024, IFX reports Read More »
By Leigh Thomas PARIS (Reuters) – President Donald Trump’s tariff hikes will drag down growth in Canada, Mexico and the United States while driving up inflation, the OECD forecast on Monday, cutting its global economic outlook and warning that a broader trade war would sap growth further. In the case of a generalised trade shock, …
Trump trade war to sap Canadian, Mexican and US growth, OECD says Read More »
BERLIN (Reuters) – Volkswagen’s Audi will cut up to 7,500 jobs in Germany by 2029 in areas like administration and development, the premium carmaker said on Monday, the latest German auto industry player to reduce costs. The planned measures, agreed on Monday by management and labour representatives, should save the carmaker 1 billion euros ($1.1 …
Volkswagen’s Audi to cut 7,500 jobs in administration, development by 2029 Read More »
By Sarah Young LONDON (Reuters) -Thames Water, Britain’s biggest water supplier, said on Monday its 3 billion pound ($3.9 billion) debt lifeline would go ahead after appeals against it were dismissed, allowing the company to avoid a state rescue in the short term. Thames Water faced two appeals after it secured court approval for the …
UK’s Thames Water debt lifeline to proceed after appeals dismissed Read More »
