LISBON (Reuters) -European Central Bank policymaker Mario Centeno said on Friday he expects inflation to fall to its medium-term target of 2% in a sustainable manner since euro zone inflation is “almost out of the woods”. Speaking at a conference in Lisbon, Centeno said the euro zone was on its way to normalizing monetary policy. …
ECB’s Centeno says euro zone inflation ‘almost out of the woods’ Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -Soufflet Malt and Heineken have entered into a commercial partnership in which the French grain group will invest 100 million euros ($108.51 million) to build a new malting factory in South Africa to supply malt to the Dutch brewer. The malt factory, which is Soufflet’s second in Africa, will be located …
Soufflet Malt partners with Heineken on $108 million South African factory Read More »
By Anne Kauranen HELSINKI (Reuters) – Microsoft is shifting its data centre strategy to be driven by power availability rather than user demand or creating supply, and sees the Nordic region as a prime location for emission-free capacity to sustain artificial intelligence, its director in charge of AI Infrastructure said on Friday. Microsoft, which operates …
Nordics’ efficient energy infrastructure ideal for Microsoft’s data centre expansion Read More »
LONDON (Reuters) -Six British water companies on Friday defeated mass lawsuits valued at over 1.5 billion pounds ($1.9 billion) for allegedly under-reporting sewage discharges and overcharging millions of customers. The utilities companies, including Britain’s largest water provider Thames Water, were accused of misleading industry regulator Ofwat about the number of pollution incidents, which meant they …
British water companies fight off $1.9 billion lawsuits over sewage pollution Read More »
By Patricia Weiss and Ludwig Burger FRANKFURT (Reuters) -Bayer has told U.S. lawmakers it could stop selling Roundup weedkiller unless they can strengthen legal protection against product liability litigation, according to a financial analyst and a person close to the matter. Bayer has paid about $10 billion to settle disputed claims that Roundup, based on …
Bayer tells US it could halt Roundup weedkiller sales over legal risks Read More »
(Reuters) -UK’s Serica Energy said on Friday that it is intalks regarding a possible combination with EnQuest as the London-listed companies target increased scale and diversification. Shares in Serica and EnQuest were trading 9.4% and 5.5% higher, respectively, by 0914 GMT. Serica said the potential deal will be structured as an all-share offer by EnQuest, …
UK’s Serica Energy in talks for possible combination with EnQuest Read More »
By Juliette Jabkhiro and Mimosa Spencer PARIS (Reuters) – A Paris court found the former head of France’s domestic security services, Bernard Squarcini, guilty on Friday of using public resources to benefit LVMH, in a trial that shed light on efforts by the world’s biggest luxury group to protect its reputation. Squarcini, 69, who headed …
France’s former spy chief found guilty of using public resources to aid LVMH Read More »
By Friederike Heine BERLIN (Reuters) -More than half a million passengers will be affected and thousands of flights cancelled due to a 24-hour strike at major German airports on Monday, after trade union Verdi called for employees in the public sector and ground handling to walk out. The association of Germany’s airport operators ADV said …
24-hour strike at German airports on Monday to impact half a million people Read More »
(Reuters) – Blackstone has raised $8 billion in its most recent real estate debt fund, the world’s largest alternative asset manager said on Friday, a sign that the property sector is seeing a recovery after a couple of tumultuous years. The fund – Blackstone Real Estate Debt Strategies V – will be active in North …
By Anastasia Lyrchikova and Lucy Papachristou MOSCOW (Reuters) – The governor of a Russian region has lifted a ban on migrant workers in the construction industry just over a week after it was announced, following outcry by steel giant Severstal that the restrictions would harm industry. An explanatory note to the decree retracting the ban, …
Russian governor backs down on migrant labour ban after corporate outcry Read More »
