By America Hernandez (Reuters) -TotalEnergies’ $20 billion Mozambique LNG project will not be operational by 2029 as hoped, the French oil major said on Wednesday, citing the need to end force majeure and ensure security at the project site. TotalEnergies had previously said that it hoped to lift force majeure and restart construction on the …
TotalEnergies’ Mozambique LNG project faces delay beyond 2029 Read More »
By Nora Buli and Kate Abnett OSLO/BRUSSELS (Reuters) – Europe may have to buy at least 100 additional gas cargoes this summer, worth around $6 billion at today’s prices, to replenish gas stocks after a plunge in storage levels this winter due to cold weather and a stoppage of Russian supply. EU gas storage sites …
Europe may need over 100 extra gas cargoes to refill shrinking stocks Read More »
By Jennifer Rigby LONDON (Reuters) – One of the world’s biggest global health funders will ask the private sector for a steep increase in donations as concern of a shortfall in government contributions grows following a U.S. decision to exit the World Health Organization. The Global Fund to Fight AIDS, Tuberculosis and Malaria told Reuters …
Exclusive-Global health funds push for more private money, fearing government retreat Read More »
By Angelo Amante ROME (Reuters) – Ryanair on Wednesday said it would remove an aircraft from Rome Fiumicino and curb expansion at the Italian capital’s second airport due to rising costs and flight restrictions, as the city braces for an influx of additional tourists in a Jubilee year. The Irish carrier, which has long argued …
Ryanair curbs investment in Rome in Jubilee year due to rising costs Read More »
HAMBURG (Reuters) – German pig prices were stable as fears subsided that foot-and-mouth disease in the country will spread, industry groups said on Wednesday. German slaughterhouse pig prices on Wednesday were 1.72 euros ($1.79) a kilo, unchanged on the week, said German livestock and meat production association VEZG. Pig farming association ISN also said prices …
German pig prices stable on hopes foot-and-mouth disease contained Read More »
By Alessandro Parodi, Dominique Patton and Zaheer Kachwala MILAN/PARIS (Reuters) -Global industrial and technology stocks including Oracle and Schneider Electric rallied on Wednesday after U.S. President Donald Trump unveiled a massive artificial intelligence investment push. Trump on Tuesday announced a private-sector investment of up to $500 billion to fund AI infrastructure, sparking interest in stocks …
Global industrial, tech stocks rally on Trump’s AI investment push Read More »
BERLIN (Reuters) – UniCredit chief Andrea Orcel wants to discuss a planned takeover of Commerzbank with the new German government and hopes for some clarity at the latest by the end of the year, he told German paper FAZ. Germans will elect a new government on Feb. 23 and polls suggest that conservative chancellor candidate …
Unicredit chief hopes for clarity on Commerzbank plans by end 2025 Read More »
By Andy Bruce and William Schomberg (Reuters) – Britain ran a bigger-than-expected budget deficit in December, swelled by debt interest costs and a one-off purchase of military homes, according to official data that underlined the fiscal pressure faced by finance minister Rachel Reeves. Public sector net borrowing was 17.8 billion pounds ($22 billion) in December, …
UK borrowing jumps in December as debt interest climbs Read More »
By Sergio Goncalves LISBON (Reuters) – The latest exploration results at Savannah Resources’ Barroso lithium project in northern Portugal point to a larger deposit than the previously estimated 28 million metric tons of high-grade lithium, the company said on Wednesday. Savannah, which wants to build four open-pit mines in the region to extract enough lithium …
New exploration results at Savannah’s Portugal lithium project point to larger deposit Read More »
MADRID (Reuters) -Spain’s Melia Hotels beat its profit target in 2024 and expects further growth this year, with a focus on the premium end of the market that it says could help solve excessive tourism. Spain attracted a record 94 million visitors last year, prompting protests in popular destinations such as Barcelona, the Canary Islands …
Melia urges Spanish tourism upmarket as hotelier beats profit goal Read More »
