Reuters UK Business

By Kate Abnett and Julia Payne BRUSSELS (Reuters) – Governments hunting for ways to aid Europe’s struggling industries should take aim at the continent’s high energy taxes, which are eroding competitiveness, the head of Europe’s electricity lobby told Reuters. The European Union is drafting a package of measures to support flagging industries, due early next …

Europe’s energy taxes are worsening industry woes, power CEO says Read More »

DUBLIN (Reuters) – Irish consumer sentiment softened slightly in December as increased concerns about the economic outlook were offset by easing worries around household finances, a survey showed on Monday. The Credit Union Consumer Sentiment index fell to 73.9 in December from 74.1 in November. That is well below its long-term average of 84.3 but …

Irish consumer sentiment holds steady ahead of Christmas Read More »

(Reuters) – Australian telecom firm Telstra said on Monday it had sold a 35% stake in Australian cable TV and streaming unit Foxtel to British streaming platform DAZN. The company will receive A$128 million ($80.08 million) in cash for the repayment of shareholder loans and will hold a 3% stake in DAZN. The deal, subject …

Australia’s Telstra sells most of its Foxtel stake to DAZN Read More »

MILAN (Reuters) – Italian state railways Ferrovie dello Stato plans to invest 1.3 billion euros ($1.36 billion) in a photovoltaic plant with an initial 1 gigawatt (GW) capacity that would cover 19% of its energy needs by 2029, the CEO said in a newspaper interview. Chief Executive Stefano Donnarumma told Il Sole 24 Ore on …

Italian state railways plans 1.3 billion euro investment in solar plant Read More »

ZURICH (Reuters) – Swisscom’s planned acquisition of Vodafone Italia has been cleared by Italy’s competition watchdog and its industry ministry, the Swiss telecoms group said. The 8 billion euro ($8.34 billion) deal was approved by both the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato) and the Ministry of Enterprises and Made in …

Swisscom Vodafone Italia purchase cleared by Italian authorities Read More »

(Reuters) – The leader of Abkhazia, a breakaway Georgian region backed by Russia, warned on Saturday that the republic was facing a “humanitarian catastrophe” due to a critical shortage of electricity. Badra Gunba, Abkhazia’s self-styled president, said on Saturday he had appealed to Russia again for assistance with electricity supplies after the acting energy minister …

Leader of Russian-backed breakaway region Abkhazia warns of ‘humanitarian catastrophe’ amid energy shortages Read More »