LONDON (Reuters) – Britain’s economy looks set to grow more slowly than previously thought this year and in 2023 due to global supply chain problems and the government must encourage longer-term business investment, an employers group said on Monday. The Confederation of British Industry cut its forecasts for economic growth to 6.9% in 2021 and …
CBI cuts UK economic growth forecasts on supply chain hit Read More »
(Reuters) – Australia’s Infinity Lithium Corp Ltd said on Monday it will collaborate with a unit of Germany’s thyssenkrupp AG to explore the use of green hydrogen in producing lithium. Green hydrogen is produced by splitting water molecules with renewable electricity and is seen as a way for heavy-emission industries such as mining and aviation …
Infinity Lithium, thyssenkrupp to assess green hydrogen potential in lithium production Read More »
By Daniel Wiessner (Reuters) -Tesla Inc has asked a U.S. court to affirm an arbitrator’s recent decision dismissing a former engineer’s claims that the automaker fired and defamed her for raising concerns about defective floormats and contracting practices. In a petition filed in San Francisco federal court on Thursday, Tesla said an arbitrator in a …
Tesla seeks court approval of win in engineer’s defamation case Read More »
LONDON (Reuters) – Britain will seek to strengthen its trading relationship with the United States this week when trade minister Anne-Marie Trevelyan visits New York and Washington, but a full free-trade agreement remains a distant prospect. Trevelyan will meet U.S. Trade Representative Katherine Tai and U.S. Commerce Secretary Gina Raimondo in Washington on Tuesday, and …
UK trade minister to seek closer ties on U.S. trip, deal remains distant Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) – RWE risks falling behind in the fast growing and competitive renewables sector if it fails to quickly divest its brown coal activities, activist fund ENKRAFT said, criticising management for failing to come up with a rapid solution. ENKRAFT in September disclosed a small stake in RWE, …
Divest brown coal or risk losing out in renewables race, ENKRAFT tells RWE Read More »
SAO PAULO (Reuters) – State-run oil company Petrobras will start lowering fuel prices as early as next week, Brazilian President Jair Bolsonaro said in an interview on Sunday published in news website Poder360. Bolsonaro did not give details about the move, but explained that the price reductions should continue into the next few weeks. “Petrobras …
Brazil’s Petrobras to cut fuel prices, Bolsonaro says Read More »
BERLIN (Reuters) – Frank Appel, the chief executive of German logistics company Deutsche Post, is the favourite to become the next supervisory board chairman of Deutsche Telekom, two sources close to the matter told Reuters. The sources said Deutsche Post’s supervisory board is due to meet on Wednesday and Deutsche Telekom’s board will meet a …
Deutsche Post CEO favourite to become Telekom chairman – sources Read More »
BERLIN (Reuters) – The tighter restrictions Germany has introduced to try to limit the spread of COVID-19 are putting people off from shopping in the usually busy run-up to Christmas, the country’s association of retailers (HDE) said on Sunday. The HDE said sales in bricks-and-mortar non-food retail were down an average of 26% in the …
German COVID-19 rules put off shoppers, says retailer group Read More »
MILAN (Reuters) – Telecom Italia’s (TIM) top shareholder Vivendi is open to discussing the possibility that the Italian government wins control of TIM’s fixed-line network, a spokesperson for the French company said on Sunday. The statement marks a shift in the stance of the French media group as TIM’s investors get ready to evaluate a …
Vivendi is open to discuss with Rome over state control on TIM’s network Read More »
ZURICH (Reuters) – The chairperson of Switzerland’s financial watchdog has called for more power to punish wayward bankers after a string of scandals tarnished the sector’s international reputation. Marlene Amstad, head of the Swiss Financial Market Supervisory Authority’s (FINMA) board of directors, told the SonntagsZeitung paper the agency would welcome new tools to hold bankers …
Swiss watchdog seeks more tools to go after bad bankers – paper Read More »
