BERLIN (Reuters) – Sweden’s Vattenfall wants to invest five billion euros ($5.34 billion) in climate-friendly energy products in Germany in the coming years, its local CFO said on Monday. The company intends to use the funds to build charging stations as well as wind and solar parks in the country by 2028, German finance chief …
Vattenfall to invest 5 billion euros in Germany’s clean energy market Read More »
MILAN (Reuters) – Italy’s largest bank Intesa Sanpaolo said it would partner with BlackRock, the world’s biggest asset manager and a leading Intesa shareholder, to offer digital wealth management services to clients in Belgium and Luxembourg. By teaming up with BlackRock, Intesa Sanpaolo’s private banking unit Fideuram will broaden its digital offering of investments to …
Italy’s Intesa partners with BlackRock in private banking in Benelux Read More »
BERLIN (Reuters) – Germany’s Lufthansa Group has decided to extend the suspension of its flights to Tel Aviv up to and including Dec. 15, the airline said on Monday. Lufthansa Airlines, the group’s core brand, will suspend its flights up to and including Dec. 31, 2024, for operational reasons, it added. (Writing by Miranda Murray, …
Lufthansa Group to extend Tel Aviv flight suspensions Read More »
By Maria Martinez (Reuters) – By chiefly focusing on trying to salvage its industry champions, German policymakers may have overlooked the untapped growth potential of the country’s services sector. The German economy, once described as Europe’s growth engine, has underperformed euro zone peers since 2018 and faces further pain amid plans by car giant Volkswagen …
MOSCOW (Reuters) – Russian President Vladimir Putin signed a decree on Monday allowing Novatek and its liquefied natural gas units, as well as oil firm Surgutneftegaz, to limit public disclosure about their businesses. Russia started withholding some data shortly after its troops entered Ukraine in February 2022. Certain oil and gas statistics and federal budget …
Russia’s Putin approves no-disclosure waiver for Novatek, Surgut Read More »
AMSTERDAM (Reuters) – The European Union will invest 133 million euros ($142 million)in pilot production facilities for photonic semiconductors in the Netherlands, the Dutch economy ministry said on Monday. The funding is part of a total amount of 380 million euros aimed at setting up photonic semiconductor production plants throughout Europe under the so-called Chips …
EU invests $142 million in Dutch photonic chip plants Read More »
By Francesca Landini MILAN (Reuters) -Swiss asset manager Energy Infrastructure Partners (EIP) will raise its stake in Eni’s Plenitude unit to 10%, in a deal that values the group’s retail and renewable business at more than 10 billion euros ($11 billion) including debt. The Italian energy group said in a statement on Monday that EIP …
Swiss asset manager EIP lifts stake in Eni’s Plenitude to 10% Read More »
By Yamini Kalia (Reuters) – Direct Line Insurance Group plans to cut 550 roles or about 5% of its global workforce, the British insurer said on Monday, as its underperforming motor insurance arm continued to weigh on the business. Direct Line has been trying to reinvigorate its business under a turnaround strategy launched by CEO …
Direct Line to cut 550 jobs amid motor insurance woes Read More »
(Reuters) -Shares in Evotec soared 22% on Monday after private equity firm Triton confirmed a close to 10% stake in the German drug development company, and a media report said it was weighing a takeover bid. Triton now holds a 9.99% stake in Evotec, making it its biggest shareholder, the companies told Reuters. Bloomberg News …
Evotec soars on Triton’s near 10% stake, report it weighs buyout bid Read More »
By Richa Naidu, Aishwarya Venugopal, Siddharth Cavale (Reuters) -Santa Claus is not delivering as many Christmas trees, toys and decorations to the United States this year as in recent years, import data shows, with retailers including Walmart bringing in less holiday product ahead of what is expected to be a so-so holiday season. Walmart, the …
Walmart, other US retailers import fewer Christmas goods ahead of tepid holiday season Read More »
