COPENHAGEN (Reuters) – Denmark will halt all ongoing offshore wind tenders as the existing framework where no subsidies are offered does not work under current market conditions, its energy minister said on Friday. The global offshore wind industry has been hit by surging costs, rising interest rates and supply chain bottlenecks. Denmark said in December …
Denmark to halt offshore wind tenders to revamp subsidy model Read More »
By Giuseppe Fonte, Valentina Za and Gianluca Semeraro ROME (Reuters) – The Italian government has reservations over Generali’s asset management deal with France’s BPCE and wants further guarantees that the Italian insurer will remain in full control of allocating savings collected in the country, three sources close to the matter said. Italians’ 5 trillion euros …
Italy seeks guarantees from Generali over Natixis deal, sources say Read More »
By Alexander Tanas CHISINAU (Reuters) – Moldova on Saturday will send 3 million cubic metres (mcm) of gas to its separatist enclave Transdniestria, the first fuel supply to the area since end-December, when gas transit through Ukraine was halted, a Moldovan industry official said on Friday. The delivery will start in the morning and it …
Moldova to ship first 3 mcm of gas to breakaway region on Saturday, company says Read More »
By Maria Martinez BERLIN (Reuters) – Germany’s unemployment rate rose at the start of the year, despite a smaller than expected increase in the number of people out of work, as the weakness of Europe’s biggest economy took its toll on the labour market. The number of people out of work rose by a seasonally …
German unemployment rate rises with economic malaise Read More »
By Marta Frackowiak (Reuters) -Industrial technology group Hexagon posted a surprise 3% rise in its fourth quarter operating profit on Friday, aided by a return to slight organic growth and despite a challenging environment in the key automotive and construction end markets. The maker of measurement and positioning systems said its adjusted earnings before interest …
Sweden’s Hexagon posts surprise jump in Q4 operating profit Read More »
BERLIN (Reuters) – German retail sales rose in 2024, but growth should be more modest this year due to the high level of uncertainty, according to retail association HDE. Last year, retail sales rose 1.1% compared to the previous year in inflation-adjusted terms, official data showed on Friday. The HDE forecasts 0.5% growth in real …
German retailers see slower sales growth over consumer uncertainty Read More »
By Amanda Cooper LONDON (Reuters) – The pound headed for a fourth monthly loss on Friday, increasingly under pressure from investor concern about the outlook for the British economy, following January’s bond market turmoil and in light of weakening UK data. Sterling has fallen 0.7% in January, bringing losses since September’s 2-1/2-year high to more …
Sterling set for fourth monthly loss as UK economy softens Read More »
By Alun John and Dhara Ranasinghe LONDON (Reuters) – A deadline for U.S. tariff hikes on two of its top trading partners has global currency markets braced for increased volatility, FX options signal, with the Canadian dollar in the crosshairs. President Donald Trump set the Saturday deadline to impose 25% tariffs on imports from Mexico …
Forex markets brace for Canada, Mexico swings as US tariff deadline looms Read More »
MILAN (Reuters) – Italy’s Give Back Beauty, which makes perfumes for luxury brands such as Chopard and ZEGNA, on Friday said it had agreed to buy domestic rival AB Parfumes to grow its distribution operations and add licensing deals. AB Parfums has an agreement with beauty giant L’Oréal Group to distribute some of its fragrances …
Chopard fragrance licensee Give Back Beauty agrees to buy rival AB Parfumes Read More »
BUDAPEST (Reuters) – A row over the end of Russian gas flows via Ukraine has intensified as Hungarian Prime Minister Viktor Orban threatened to block the next rollover of EU sanctions against Russia unless Brussels helps to achieve a restart of supply. Russian gas exports via Soviet-era pipelines running through Ukraine stopped on Jan. 1 …
Ukraine gas transit row intensifies as Hungary threatens to block EU sanctions renewal Read More »
