Reuters UK Business

ZURICH (Reuters) – UBS Switzerland, the domestic arm of UBS Group, will propose the election of Markus Ronner as chairman and Barbara Lambert as a new independent member of the board of directors at its annual meeting in April 2022, the companies said on Monday. Ronner will succeed Lukas Gähwiler, who has been nominated as …

UBS Swiss arm proposes veteran Ronner as chairman 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 »

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 »