Reuters UK Business

(Reuters) – A mechanism designed to curb costs in Britain’s carbon emissions trading scheme (ETS) has been triggered for January for a second month in a row. The so-called cost containment mechanism(CCM) was triggered after monthly average UK ETS carbon prices  in October, November and December exceeded the January trigger price of 56.58 pounds ($76.41) …

High prices trigger January UK carbon market intervention threat Read More »

ZURICH (Reuters) – Julius Baer has agreed to sell Wergen & Partner Wealth Management to its management, the Swiss private bank said on Monday. Julius Baer, which acquired Zurich-based Wergen in February 2017, said the company has always been profitable and had doubled its assets under management, without giving any figures. The parties agreed not …

Julius Baer to sell Wergen wealth management business Read More »

DUBLIN (Reuters) – Growth in Irish manufacturing activity eased further in December from record highs reached earlier in 2021, a survey showed on Monday, at the end of the third-strongest quarter on records going back more than 20 years. The AIB IHS Markit manufacturing Purchasing Managers’ Index (PMI) fell to 58.3 in December from 59.9 …

Irish manufacturing growth moderates again in Dec – PMI Read More »

BERLIN (Reuters) – Germany on Sunday welcomed a plan by the European Union to label some natural gas energy projects as “green” investments, but stressed its opposition to a proposal to do the same for nuclear power projects. Germany pulled the plug on three of its last six nuclear power stations on Friday as it …

Germany welcomes EU ‘green’ energy plan on gas, still opposes nuclear Read More »

MOSCOW (Reuters) – The Yamal-Europe pipeline which usually sends Russian gas west into Europe was flowing east from Germany to Poland on Sunday for the 13th straight day, data from German network operator Gascade showed. Flows at the Mallnow metering point on the German-Polish border showed eastbound volumes at almost 5.4 million kilowatt hours (kWh/h), …

Gas still flowing east from Germany to Poland via Yamal pipeline Read More »

BERLIN (Reuters) – The new German government will offer tax relief to individuals and companies worth at least 30 billion euros ($34.1 billion) in this legislative period, Finance Minister Christian Lindner was quoted as saying on Sunday. “We will relieve people and small and medium-sized businesses by significantly more than 30 billion euros,” Lindner told …

German finance minister pledges tax relief from 2023 – Bild Read More »

HELSINKI (Reuters) – Some 3,000 workers at Finnish forestry group UPM went on strike on Saturday, shutting plants, the company said on Saturday. Three unions representing paper workers, managerial staff and electricians had previously warned they would strike if a new agreement about wages and working conditions was not reached before the previous agreement ended …

Strikes shut down UPM pulp and paper plants in Finland Read More »