Reuters UK Business Archives - Page 1564 of 1611

Nord Stream 2 decision not politically influenced – German govt spokesperson

17 Dec 2021 17 Dec 2021

BERLIN (Reuters) – A delay to the authorisation of the Nord Stream 2 gas pipeline by Germany is not politically influenced, government spokesperson Steffen Hebestreit said on Friday. He said that the decision not to authorise the commissioning of the pipeline was one made by the relevant authorities. Germany’s energy regulator Bundesnetzagentur in November halted …

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Solutions need to be found early next year to post-Brexit trade, says Frost

17 Dec 2021 17 Dec 2021

LONDON (Reuters) – British Brexit minister David Frost urged the European Union on Friday to try to find a solution early next year to part of the Brexit agreement that covers trade to Northern Ireland, saying there had not been enough progress on several issues. Frost said the “main area of progress has been on …

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Britain toughens up climate-related disclosures by companies and funds

17 Dec 2021 17 Dec 2021

By Huw Jones LONDON (Reuters) -Britain will from January significantly increase the number of companies and investment houses required to tell investors how climate-change is hitting their businesses, its financial watchdog said on Friday. The UK government wants to make it easier for investors to pick environmentally friendly companies to help Britain achieve a net-zero …

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Don’t cut off euro clearing in London for now, says EU watchdog

17 Dec 2021 17 Dec 2021

By Huw Jones LONDON (Reuters) – London’s two big derivatives clearing houses should not be cut off from customers in the European Union until there are ‘incentives’ to shift business to the bloc such as capital charges, the EU’s securities watchdog said on Friday. Even before Brexit, EU policymakers have long wanted multi-trillion euro clearing …

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BP, Maersk Tankers successfully trial biofuel blend on ships

17 Dec 2021 17 Dec 2021

(Corrects paragraph 4 to show Maersk Tankers is an independent company, owned by A. P. Moller Holding (not a subsidiary of A.P. Moeller Maersk) LONDON (Reuters) – BP and Maersk Tankers successfully completed trials using marine fuel blended with biofuel on tankers as efforts grow to tackle the shipping sector’s greenhouse gas emissions. Global shipping …

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Tech slide, Omicron worries pull European shares lower

17 Dec 2021 17 Dec 2021

By Anisha Sircar (Reuters) -European stocks were on track to book weekly losses on Friday as technology shares fell, tracking an overnight selloff in their U.S. counterparts, while investors fretted over the economic impact of the fast-spreading Omicron coronavirus variant. The pan-European STOXX 600 index dropped 0.6% in morning trade, erasing some of the gains …

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ECB reinstates liquidity requirement after pandemic suspension

17 Dec 2021 17 Dec 2021

FRANKFURT (Reuters) – The European Central Bank said on Friday it once again expected banks to own liquid assets covering at least the cash they would lose in the first month of a crisis, reinstating a requirement that was suspended at the onset of the pandemic. “As the specific relief measure granted at the outset …

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Kremlin says Nord Stream 2 company in contact with Germany’s regulator

17 Dec 2021 17 Dec 2021

MOSCOW (Reuters) – Kremlin spokesman Dmitry Peskov said on Friday that the operating company of the Nord Stream 2 gas pipeline was continuing to communicate with the German regulator over the certification process. Germany’s energy regulator said on Thursday full certification of the newly built pipeline would not come in the first half of 2022. …

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Amazon shareholders call for tax disclosures – adviser

17 Dec 2021 17 Dec 2021

LONDON (Reuters) – Two Amazon shareholders have called on the tech giant to disclose global tax practices and risks to investors, shareholder adviser PIRC said on Friday, as investors step up demands for greater tax transparency from large corporations. Greater Manchester Pension Fund and the Oblate International Pastoral (OIP) Investment Trust have filed a shareholder …

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ECB’s Simkus sees risk inflation will be higher than expected

17 Dec 2021 17 Dec 2021

VILNIUS (Reuters) – Inflation in the euro zone may come in higher than the European Central Bank expects while growth may disappoint because of lasting supply snags and higher energy costs, ECB policymaker Gediminas Simkus said on Friday. “Inflationary risks are on upside,” Simkus, the Lithuanian central bank governor, told reporters in Vilnius. “The risk …

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