OSLO – The watchdog of Norway’s $1.8 trillion sovereign wealth fund said on Monday that most companies it reviewed over their activities in the occupied Palestinian territories met the fund’s ethical guidelines. It said a second company could face divestment, however, after the fund pulled out of Israeli telecoms firm Bezeq in December under a …
Norway’s wealth fund watchdog clears most companies in Gaza review Read More »
By Stefania Spezzati, Iain Withers and Sam Tobin LONDON (Reuters) -Barclays chairman Nigel Higgins believed the bank’s former CEO Jes Staley’s ties with the late disgraced financier Jeffrey Epstein did not warrant a board discussion in the summer of 2019 after Britain’s financial regulator inquired over the matter, according to court documents. Staley, who took …
Barclays Chair told FCA Epstein-Staley ties did not need board review in 2019 Read More »
LONDON (Reuters) – Britain will fast-track the connection of dozens of clean energy projects, including wind and solar power, to its electricity grid and will speed up the construction of new energy infrastructure, the government said on Monday. Under the existing system, which the government has described as a “first come, first served” process, projects …
UK to fast-track grid connection of clean energy projects Read More »
(Reuters) -Market research group Kantar’s owners are exploring the sale of its Worldpanel division for 5 billion pounds ($6.5 billion) or more, Sky News reported on Sunday, while in a separate report the Financial Times said Kantar is set to be broken up and sold. Kantar and its owners, Bain Capital and advertising group WPP, …
Kantar owners eye break-up of group, $6.5 billion Worldpanel sale, reports say Read More »
By Olena Harmash and Marc Jones KYIV (Reuters) – The head of Ukrainian steel giant Metinvest told Reuters that rebuilding its heavily war-damaged operations will hinge on the robustness of U.S. and European security guarantees in any ceasefire deal with Russia. Yuriy Ryzhenkov, Metinvest’s chief executive, said the company planned to keep its production close …
Rebuilding Ukraine steel capacity hinges on security guarantees, Metinvest CEO says Read More »
STOCKHOLM (Reuters) – Swiss private bank J. Safra Sarasin Group has agreed to buy 70% of Denmark’s Saxo Bank in a deal valued at around 1.1 billion euros ($1.19 billion), Saxo Bank said on Monday. Reuters reported last year that the Danish group, which offers digital trading and investment services, was exploring different strategic options …
Safra Sarasin Group to buy majority stake in Saxo Bank Read More »
MILAN (Reuters) – Danieli, an Italian group that builds iron and steel making plants, and newcleo said on Monday they signed a memorandum of understanding to explore the integration of the nuclear firm’s small advanced reactor technology into steel-making. WHY IT’S IMPORTANT The agreement laid the basis to help decarbonise steel production through combined electricity …
Danieli, newcleo to explore nuclear-powered green steel production Read More »
PARIS (Reuters) – French nuclear fuels company Orano signed an agreement for a 400 million euro ($433.20 million) loan with the European Investment Bank, it said on Monday, to help fund the expansion of its nuclear enrichment facility in southern France. State-owned Orano is expanding the facility to meet an expected growth in demand for …
France’s Orano gets EIB loan for enrichment facility expansion Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union is bracing for its first round of U.S. tariffs on Wednesday, 25% tariffs on aluminium and steel imports, affecting more EU imports in value than duties U.S. President Donald Trump imposed on EU metal imports in 2018. The following outlines the challenges the EU faces: BIGGER …
Explainer-What challenges face the EU in first round of Trump tariffs? Read More »
LONDON (Reuters) -IBM on Monday won a London lawsuit against U.S. tech entrepreneur and philanthropist John Moores’ company LzLabs, which the IT giant accused of stealing trade secrets. IBM sued Switzerland-based LzLabs, two English subsidiaries and their ultimate owner Moores, who previously owned Major League Baseball’s San Diego Padres team and founded information technology company …
IBM wins UK lawsuit against LzLabs over alleged theft of mainframe technology Read More »
