By Sarupya Ganguly BENGALURU (Reuters) – The U.S. dollar may hold most of its strength over coming months, even as a once-crowded dollar trade thins out amid confusion over U.S. President Donald Trump’s tariff plans and mounting worries about the economy, a Reuters survey found. After several erratic announcements and delays, Trump has started a …
By Lucy Raitano LONDON (Reuters) – A $13 billion “hyperscale” data centre in North East England proposed by U.S. private equity group Blackstone has been given the green light to go ahead by council planners. Northumberland County Council said on Tuesday that the proposals have been granted planning permission after a unanimous vote in favour …
Blackstone’s plans for northern England ‘hyperscale’ data centre get green light Read More »
FRANKFURT (Reuters) – Tesla saw its sales volume in Germany decline by more than three quarters in February, according to the German road traffic agency KBA, even though sales of electric vehicles picked up overall. According to the KBA’s website, Tesla sold 1,429 cars in Germany, a decline of 76%, an even bigger decline than …
Tesla’s German car sales continue their decline in February Read More »
(Reuters) – The European Union will make 1.8 billion euros ($1.92 billion)available to help secure supply chains for battery raw materials, the EU Commission said on Wednesday. The Commission late last year already said it would partner with the European Investment Bank to support investments in the EU’s battery manufacturing sector. ($1 = 0.9351 euros) …
EU earmarks 1.8 billion euros for battery raw materials supply chain Read More »
By Nora Buli OSLO (Reuters) – Norway’s Statkraft posted a 56% drop in fourth-quarter underlying operating profit on Wednesday as power prices fell sharply and cautioned that trade wars could boost the cost of building generation capacity. “Potential trade wars will, of course, increase costs and thereby reduce efficiencies in the market,” CEO Birgitte Ringstad …
Norway’s Statkraft posts profit drop, says politics could impact costs Read More »
By Anastasia Lyrchikova MOSCOW (Reuters) -Russia’s largest gold producer Polyus reported record production and core earnings for 2024 on Wednesday, thanks to higher gold prices, in spite of Western sanctions on Russia and the company. Gold prices are up more than 11% this year at $2,915.80 an ounce, after rising 27% last year, the precious …
Russia’s Polyus reports record earnings in 2024 on higher gold price Read More »
By Helen Reid and Linda Pasquini HERZOGENAURACH, Germany (Reuters) -Germany’s Adidas forecast a lower than expected operating profit for 2025, anticipating sales growth will slow slightly from a strong 2024, and flagged increased volatility due in part to U.S. tariffs. CEO Bjorn Gulden called the guidance conservative and said the company’s ambition was higher, however, …
Adidas sets cautious tone for 2025 outlook, flags tariff risk Read More »
COPENHAGEN (Reuters) – Swedish fund manager Areim has secured 450 million euros ($481 million) to support the design and creation of sustainable data centres, it said on Wednesday, as part of efforts to decarbonise the energy-intensive sector. The rise in data centres is expected to produce around 2.5 billion metric tons of carbon dioxide-equivalent emissions …
Sweden’s Areim secures $481 million for sustainable data centres Read More »
By Matthias Inverardi and Anastasiia Kozlova (Reuters) -Germany’s Evonik Industries does not expect U.S. tariffs to impact its business due to local production, it said after forecasting broadly stable earnings for 2025 on Wednesday. Shares of the chemicals maker were 9% higher by 1028 GMT, on track for their biggest daily rise since March 2020. …
Evonik sees stable 2025 core earnings, no impact from US tariffs Read More »
BRUSSELS (Reuters) – The European Commission has, for a second time, delayed an announcement of its plan to phase out the region’s reliance on Russian energy imports from March 26 to an unspecified date, a schedule showed on Wednesday. The Commission declined to comment on a new date. Energy Commissioner Dan Jorgensen said in November …
EU Commission delays announcing plan to phase out Russian energy imports Read More »
