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Ukraine moves to nationalise Ferrexpo’s Poltava mining plant

20 Feb 2025

KYIV (Reuters) – Ukraine said on Thursday it had moved to nationalise the Poltava mining and processing plant, the largest mine belonging to London-based iron ore pellets producer Ferrexpo, amid investigations into the alleged misappropriation of funds related to illegal mining. Ferrexpo in recent years has had to navigate various investigations into its main shareholder, …

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Guyana to soon sign oil agreement with TotalEnergies-led group

20 Feb 2025

By Marianna Parraga and Kemol King GEORGETOWN (Reuters) – Guyana expects to soon sign an oil production-sharing agreement with a consortium led by France’s TotalEnergies that will allow it to explore an offshore area, Energy Minister Vickram Bharrat told Reuters. Guyana is the world’s fastest-growing oil-producing country and is on course to reach capacity of …

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Leonardo finds new partner for aerostructures unit after Boeing issues

20 Feb 2025

ROME (Reuters) – Italy’s Leonardo has identified a new industrial partner for its aerostructures unit which has been hit by the problems of U.S. planemaker Boeing, the state-controlled group’s CEO said on Thursday. Leonardo has been attempting for several years to return its aerostructures business to profit. CEO Roberto Cingolani said in November it was …

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Besi forecasts unexpected sales drop in first quarter

20 Feb 2025

By Nathan Vifflin and Leo Marchandon (Reuters) – Dutch chipmaking parts supplier BE Semiconductor Industries forecast an unexpected sales drop for the first quarter on Thursday, as weakness in its traditional markets offsets positive AI-related orders. Besi’s shares fell as much as 10% in early trading. They closed 0.7% higher. The chip assembly equipment maker …

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Europe’s STOXX touches one-week low with earnings in focus, German politics eyed  

20 Feb 2025

By Johann M Cherian and Pranav Kashyap (Reuters) -European stocks closed Thursday’s session at a one-week low, as investors took inventory of a mixed bag of corporate updates, while they were also on edge ahead of a German election that is likely to change the country’s political landscape. The pan-European STOXX 600 index dipped 0.2%, …

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Britain, France to explore electric interconnection of about 1 GW

20 Feb 2025

(Reuters) – British energy regulator Ofgem said on Thursday it has agreed with its French counterpart, CRE, to explore further opportunities for electricity interconnection between the two countries with capacities of around 1 gigawatt. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Shreya Biswas)

Europe set to simplify corporate regulation, EU’s digital chief says

20 Feb 2025

By Essi Lehto HELSINKI (Reuters) -The European Commission will propose at least five sets of legislation this year to spur investment and simplify regulation on companies, including in the field of artificial intelligence, the European Union’s digital chief said on Thursday. The executive Commission is under pressure from EU member countries such as France to …

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