OSLO (Reuters) -Norwegian oil and gas investments are expected to hit a record high this year and will remain strong in 2025, driven by a string of new developments as well as cost inflation, a national statistics office (SSB) survey showed on Tuesday. The country’s biggest business sector now expects to invest 246.9 billion Norwegian …
Norwegian oil companies to make record high investments in 2024 Read More »
By Richa Naidu LONDON (Reuters) – A surge of attacks on ships traveling the waters of the Red Sea is forcing shippers to reroute their vessels, sending them on longer journeys that drive up their carbon dioxide emissions. (Read this story in a graphic here.) For companies struggling to account for – and lower – …
Escalating emissions: How Red Sea disruptions are driving up carbon emissions Read More »
By Curtis Williams HOUSTON (Reuters) – Trinidad and Tobago received six bids from BP, Shell and US shale producer EOG Resources on four blocks to explore for oil and gas as its 2023 shallow water auction closed on Monday. Trinidad plans to announce the winners in four months, Energy Minister Stuart Young said at the …
BP, Shell and EOG vie for acreage in Trinidad’s oil and gas auction Read More »
By Giulio Piovaccari MILAN (Reuters) -Fiat owner Stellantis said on Monday it would build a hybrid version of its 500e small electric car at its Mirafiori plant in Turin, Italy, amid a slowdown in electric car sales. The announcement came after Stellantis CEO Carlos Tavares met in Turin with union representatives who had long been …
Stellantis to introduce Italy-made hybrid versions of Fiat 500 EV, Jeep Compass Read More »
By Matteo Allievi (Reuters) – Spanish solar panel maker Solaria said on Monday it expected energy prices to recover over the year, which would help the firm reach its 2024 profitability target. The company expects earnings before interest, taxes, depreciation and amortisation between 232 million and 251 million euros ($252 million-$272 million) this year compared …
Solaria sees higher energy prices later this year, shares rise Read More »
MILAN (Reuters) – The private banking arm of Italian bank Mediobanca said it would start offering its wealthier clients a new, illiquid open-ended alternative fund set up by investment firm KKR. The move comes after Mediobanca in April launched private bank Mediobanca Premier as it strives to grow its wealth management business under a new …
Mediobanca to offer richer clients illiquid KKR alternative fund Read More »
By Elisa Anzolin MILAN (Reuters) – Italy’s Benetton family is readying plans to address mounting losses at its eponymous clothing retailer, including parting ways with CEO Massimo Renon after four years, two people close to the group said on Monday. The board of the clothing group is expected to meet on Tuesday to discuss a …
Italy’s Benetton plans restructuring as losses mount, sources say Read More »
(Reuters) -The European Central Bank has room to cut interest rates as inflation slows but must take its time in easing policy, even if the direction of travel is already clear, key policymakers said on Monday. The ECB has all but promised a rate cut for June 6, so the debate has shifted to subsequent …
ECB has room to cut rates but should take its time, policymakers say Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms has added safety features to its misinformation tracking tool CrowdTangle for use during European Parliament elections in an attempt to allay EU concerns that triggered an investigation last month into the impact of its decision to phase out the tool. The U.S. social media platform last …
Meta adds safety features to CrowdTangle in bid to address EU concerns Read More »
By Elvira Pollina, Valentina Za and Supantha Mukherjee MILAN/STOCKHOLM (Reuters) -Amazon’s computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data centre business in the country as part of the tech giant’s effort to boost its cloud offer in Europe, four people familiar with the matter …
Amazon in talks with Italy to invest billions of euros in cloud plan, sources say Read More »
