ZURICH (Reuters) – Germany should commit to increasing its defence spending to a sum equivalent to 3% of gross domestic product, the chief executive officer of defence electronics specialist Hensoldt was quoted as saying on Tuesday. In an interview with the Neue Zuercher Zeitung, Oliver Doerre said Germany needed more tanks, more aircraft, more ships …
Hensoldt boss urges Germany to spend 3% of GDP on defence Read More »
MUNICH (Reuters) – Siemens AG is reviewing its majority stake in medical technology subsidiary Siemens Healthineers,, the German technology group’s Chief Financial Officer Ralf Thomas told the Handelsblatt newspaper. The synergies with the manufacturer of MRI machines and laboratory systems are not great enough to justify a capital commitment of 45 billion euros ($46.91 billion), …
Siemens reviewing Healthineers majority stake, CFO tells Handelsblatt Read More »
(Reuters) – Russia pumped gas on Monday to European customers via Ukraine for one of the last days before a key transit deal expires at the end of the year, marking the almost complete loss of Russia’s once mighty hold over the European gas market. Supplies of Russian gas via Ukraine are due to stop …
Russian gas flows via Ukraine for last days as transit deal crumbles Read More »
(Reuters) – Austria’s Supreme Court of Justice has rejected a restructuring plan for Signa Development, a unit of property tycoon Rene Benko’s firm Signa, meaning it must undergo bankruptcy proceedings, the insolvency administrator said on Monday. The aim is now to utilize the assets of the business as well as possible in the interests of …
Austria’s Signa Development heads for bankruptcy proceedings Read More »
(Reuters) – Air taxi start-up Volocopter GmbH filed for insolvency proceedings on Monday, citing its inability to raise new funds to maintain regular operations. The Mercedes-Benz and Honeywell-backed company plans to continue business operations during the insolvency proceedings while seeking additional funding. “Despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations …
German air taxi start-up Volocopter files for insolvency Read More »
MILAN (Reuters) – Italian regional utility A2A has finalised a deal to buy larger peer Enel’s distribution assets in the northern Italian region of Lombardy, the two groups said on Monday. A2A signed a 1.22-billion euro ($1.27 billion) deal with Enel in March to buy 90% of its unit Duereti, which runs electricity distribution assets …
A2A completes acquisition of Lombardy distribution assets from Enel Read More »
MOSCOW (Reuters) – Russian President Vladimir Putin has transferred shares in brewer AB InBev’s Russian joint venture into temporary management, according to a decree published on a Russian government website on Monday. Anheuser-Busch InBev, the world’s biggest brewer by volume, said in April 2022 it would sell its interest in the venture to its JV …
Putin places shares in InBev’s Russian entity in temporary management, decree says Read More »
(Reuters) -London’s FTSE 100 snapped a three-session winning streak on Monday, with gold miners leading broader market declines as investors booked some profits heading into the new year. The blue-chip FTSE 100 was down 0.4%, after logging its best week this month in the previous session. The mid-cap FTSE 250 also lost 0.4%. The FTSE …
London’s FTSE 100 kicks off holiday-shortened week lower Read More »
By Gianluca Lo Nostro (Reuters) -Ukraine’s leading mobile operator Kyivstar has signed an agreement with Elon Musk’s Starlink to introduce direct-to-cell satellite connectivity, Kyivstar’s parent company VEON said on Monday. Direct-to-cell devices are connected to satellites equipped with modems that function like a cellphone tower, beaming phone signals from space directly to smartphones. Kyivstar expects …
Starlink to roll out direct-to-cell services in Ukraine Read More »
(Reuters) – Austria should not face supply disruption as it has prepared for the switch from eastern supplies of natural gas to western alternatives after Ukraine’s contract with Gazprom expires on Tuesday, Austria’s energy regulator E-Control said. Ukraine has said it would end its gas transit deal with Gazprom, and this month energy company OMV …
Austria energy regulator expects smooth transition as Ukraine gas deal ends Read More »
