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Lithium miner Vulcan gets five more exploration licences in Germany

4 Jan 2022

FRANKFURT (Reuters) – Lithium developer Vulcan Energy Resources, which has supply deals with carmakers Volkswagen, Stellantis and Renault, has received five new exploration licences for geothermal energy and lithium in Germany. The licences in the Upper Rhine Valley cover 325 square kilometres and increase Vulcan’s granted licence area to more than 1,000 square kilometres. The …

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Germany wants to avoid escalation in EU dispute over green finance rules

3 Jan 2022

By Andreas Rinke and Michael Nienaber BERLIN (Reuters) -Germany wants to avoid an escalation in the dispute about a European proposal to classify both nuclear energy and natural gas as climate-friendly energy sources by abstaining in a vote about the investment plan, government sources said on Monday. The European Commission’s decision to include gas and …

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Italian car sales rise 5.51% in 2021, down 27.5% in December

3 Jan 2022

MILAN (Reuters) – Car sales rose 5.51% overall last year in Italy to reach the level of 1,457,952, Italy’s transport ministry said on Monday, highlighting a positive result compared with 2020, when the sales fell nearly 28% on the previous year. Last month, however, sales were down 27.5% compared with December 2020, the ministry said. …

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UK shoppers 25% down on pre-pandemic level in post-Christmas week -Springboard

3 Jan 2022

LONDON (Reuters) -Footfall across all British retail destinations in the days after Christmas was 24.5% lower than the same week in 2019 as the Omicron variant of COVID-19 rapidly spread, Springboard analysts said on Monday. The number of shoppers was also 15% lower than the previous week, with shopping centres seeing the biggest drop, Springboard …

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Investors want $2.5 billion in class action over Bayer’s Monsanto deal

3 Jan 2022

FRANKFURT (Reuters) – Investors are demanding around 2.2 billion euros ($2.5 billion) from Bayer as part of a possible class action lawsuit in Germany over the takeover of U.S. seed manufacturer Monsanto, law firm Tilp said on Monday. The law firm said that as of Dec. 30, the sum covered lawsuits from about 320 investors, …

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Daimler expects chips to remain scarce in 2022

3 Jan 2022

BERLIN (Reuters) – Daimler Chief Technology Officer Markus Schaefer said the luxury carmaker expects chip supply to remain scarce throughout 2022, particularly in the first half of the year. “Chip scarcity will also accompany us in 2022, particularly in the first half,” Schaefer said to a journalists roundtable. “We do not expect significant production capacity …

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EU denies trying to ‘bury’ green investment plan with Dec. 31 release

3 Jan 2022

By John Chalmers BRUSSELS (Reuters) -The EU’s executive on Monday rejected suggestions it waited until New Year’s Eve to publish divisive proposals to allow some natural gas and nuclear energy projects to be labelled as sustainable, saying “we weren’t trying to do it on the sly”. The Commission’s decision to include gas and nuclear investments …

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