By Kate Abnett and Julia Payne BRUSSELS (Reuters) – The European Union is planning to extend its targets to fill gas storage ahead of winter for at least another year after their scheduled expiry in December 2025, EU diplomats told Reuters. Since the 2022 energy crisis when former top gas supplier Russia cut fuel deliveries, …
EU plans to extend gas storage targets, sources say Read More »
MILAN (Reuters) -Italy aims to finalise by the end of 2027 a plan allowing the use of nuclear power again after it was banned almost 40 years ago, Energy Minister Gilberto Pichetto Fratin said in an interview published on Thursday by Italian daily Il Sole 24 Ore. Prime Minister Giorgia Meloni’s right-wing government has said …
Italy’s plan for return to nuclear power ready by end-2027, minister says Read More »
(Reuters) -Shares in British trading platform CMC Markets fell 10% as its muted forecast fell short of investors’ heightened expectations following upbeat projections from industry peers. The company said it was on track to meet its annual net operating income target, even as its rivals have benefited from increased market volatility and higher client activity. …
UK’s CMC Markets shares fall as lacklustre forecast disappoints investors Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Meta Platforms’ revised no-ads subscription service may still breach EU consumer and privacy laws in addition to antitrust rules, the European Consumer Organisation (BEUC) said on Thursday as it urged regulators to act against the U.S. tech giant. Meta, which rolled out the fee-based service for Facebook and Instagram …
Meta’s revised paid ad-free service may breach EU privacy laws, consumer group says Read More »
By Harry Robertson LONDON (Reuters) – The pound fell slightly on Thursday as currency markets remained focused on U.S. President Donald Trump’s threats of tariffs in his early days back in the White House. Sterling was last down 0.14% at $1.2311. It remains around 1.1% higher since the start of the week, reflecting investor relief …
Sterling dips as traders remain cautious on Trump tariffs Read More »
MOSCOW (Reuters) – The Kremlin said on Thursday that unfriendly actions against Russia must have consequences, when asked whether Austrian bank Raiffeisen’s assets were vulnerable after a Russian court ordered it to pay 2 billion euros ($2.08 billion) in damages. Monday’s court order, over a collapsed deal, underscored the perils of doing business in Russia …
Kremlin, asked about Raiffeisen assets, says unfriendly actions must have consequences Read More »
ROME (Reuters) – Italy plans to make an early start on filling strategic gas stockpiles in 2025, the country’s energy minister said on Thursday, as Rome expects gas wholesale prices to spike higher in the summer. Gas is usually bought and stored between April and October when demand and prices are lower, to be sold …
Fearing price moves, Italy to act quickly to build gas stockpiles Read More »
(Reuters) – Italian regional utility Hera aims to invest 5.1 billion euros ($5.30 billion) over the coming four years to develop resilient industrial assets in the face of market volatility and extreme weather events, it said on Thursday. Roughly 3 billion euros of the planned investments in its business plan to the end of 2028 …
Italy’s Hera raises investment and dividends in business plan to end of 2028 Read More »
WARSAW (Reuters) – Polish central banker Joanna Tyrowicz still does not see any grounds for interest rate cuts given the continued overshoot of the inflation target, she told a private radio station Tok FM on Thursday. The National Bank of Poland has kept its main interest rate on hold at 5.75% since October 2023 and …
Polish c.banker Tyrowicz still sees no reason to cut interest rates Read More »
BERLIN (Reuters) – German online retailers last year eked out slight revenue gains for the first time since 2021, an industry body said on Thursday, citing higher savings that are giving Germans more confidence to spend. The BEVH association, whose members include Zalando, Amazon’s German unit and mail order group Otto, said 2024 sales of …
German e-commerce sales rise for first time since 2021, says lobby group Read More »
