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MILAN (Reuters) – Italy’s solar power capacity rose by 1.7 gigawatts (GW) in the first quarter to 32 GW thanks to a jump in the development of large projects, the country’s association for the photovoltaic sector said on Monday. Power coming from new solar projects with a size of more than 1 megawatt (MW) each …

Italy’s solar power capacity rises to 32 GW, large projects jump in Q1 Read More »

BRUSSELS (Reuters) – European Union governments formally cleared on Monday a new law designed to ensure the bloc produces 40% of its solar panels, wind turbines, heat pumps and other clean tech equipment and to help European industry compete with U.S. and Chinese rivals. The Net Zero Industry Act (NZIA) will enter force next month …

EU clears law to increase domestic green tech production Read More »

By Maria Martinez BERLIN (Reuters) -German business morale stagnated in May, a survey showed on Monday, falling short of a forecast improvement and putting a stop to three consecutive months of increases. The Ifo institute said its business climate index remained constant in May at 89.3, compared with a reading of 90.4 forecast by analysts …

German business sentiment stagnates in May Read More »

By Martin Coulter and Leigh Thomas PARIS (Reuters) – France is banking on a new push to integrate the European Union’s fragmented capital markets to give them the scale needed to wean its flourishing startup sector off of dominant U.S. venture capital, ministers, CEOs and investors said. A hodgepodge of local regulations and oversight has …

France looks to elusive EU capital market to fix start-up funding Read More »

(Reuters) – UBS has ruled out appointing an outsider as the successor to CEO Sergio Ermotti, and plans to choose from a shortlist of three internal candidates when he steps down in about three years, the Financial Times reported on Monday. The Swiss bank could signal the identities of the potential successors as early as …

UBS rules out external successor to Ermotti as CEO, FT reports Read More »

FRANKFURT (Reuters) – Recent economic data strengthens the European Central Bank’s confidence about lowering borrowing costs as inflation eases, ECB board member Piero Cipollone said on Sunday. The ECB has all but promised to cut interest rates on June 6 but some analysts have started reducing their expectations for further reductions after stronger-than-expected wages data …

ECB’s Cipollone says recent data backs easing Read More »

PARIS (Reuters) – The French government is planning to shorten the period people can claim unemployment benefits in order to strengthen incentives to work, Prime Minister Gabriel Attal said in an interview published on Sunday. Unemployment benefits will be limited to a maximum of 15 months, down from 18 months now, Attal told La Tribune …

France plans to restrict unemployment benefits Read More »