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(Reuters) -French satellite company Eutelsat has chosen aerospace giant Airbus to build 100 small satellites for its OneWeb constellation extension, with deliveries to begin around the end of 2026. OneWeb is a European constellation of low Earth orbit (LEO) communications satellites acquired by Eutelsat in 2023 to rival the likes of Elon Musk-owned SpaceX’s Starlink …

Eutelsat announces contract with Airbus for 100 satellites Read More »

By Sruthi Shankar and Shashwat Chauhan (Reuters) -Europe’s STOXX 600 fell to two-week lows on Tuesday, pressured by losses in energy and bank stocks, as investors awaited a slew of major central bank decisions later in the week. The pan-European STOXX 600 index ended 0.4% lower, its lowest closing level since Dec. 2. The oil …

Banks, oil stocks knock European shares to two-week lows Read More »

By Ron Bousso LONDON (Reuters) – Shell’s head of renewables in the Americas Amanda Dasch will leave the company to join Danish offshore wind giant Orsted in January as head of its U.S. operations. The departure of the veteran executive comes shortly after Shell announced it will halt investments in new offshore wind projects as …

Shell executive steps down to lead Orsted’s US offshore wind Read More »

By Gilles Guillaume and Alessandro Parodi PARIS/GDANSK (Reuters) – European automakers are raising prices of petrol cars and readying discounts on electric vehicles as they brace for yet another challenge – tougher emissions rules that threaten to further shrink profits across the struggling industry. The European Union will drastically lower its cap on automotive carbon …

Europe’s carmakers discount EVs, hike petrol car prices as new emissions rules loom Read More »

By Gergely Szakacs and Krisztina Than BUDAPEST (Reuters) -Hungary’s central bank left its base rate steady at the European Union’s joint highest level of 6.5% on Tuesday, as widely expected, after falls in the forint since its latest rate cut and tax hikes have sharply raised next year’s inflation path. S&P Global said on Thursday …

Hungary central bank leaves base rate steady for third straight month Read More »

COPENHAGEN (Reuters) -Sweden’s Intrum, Europe’s biggest debt collector, said on Tuesday it had failed to reach a settlement with creditors who objected to the company’s restructuring plan, after it said earlier in the day it was seeking an agreement. Intrum last month filed for Chapter 11 bankruptcy in the United States in a bid to …

Intrum fails to reach settlement with creditors opposing Chapter 11 plan Read More »

By Arunima Kumar and Aby Jose Koilparambil (Reuters) – U.S. oil and gas firm Kosmos Energy walked away from its pursuit of West Africa-focused Tullow Oil on Tuesday, without specifying any reason for the decision, prompting a 10% drop in Tullow’s shares. Kosmos’ announcement comes less than a week after the companies said they were …

Kosmos Energy walks away from Tullow Oil acquisition Read More »