Reuters UK Business

By Susanna Twidale LONDON (Reuters) -Carbon dioxide emissions regulated under the European Union’s emissions trading system (ETS) fell by a record 15.5% in 2023 as renewable power output soared, the European Commission said on Wednesday. Around 45% of the European Union’s output of greenhouse gases is regulated by the EU ETS, which is the 27-nation …

EU carbon market emissions fall record 15.5% as renewable power soars Read More »

(Reuters) -Meta Platforms-owned WhatsApp was down for thousands of users on Wednesday, even as the smartphone messaging app resumed service for some people, according to outage tracking website Downdetector.com. Around 3,200 people were also facing issues with Instagram in the United States, per Downdetector, which tracks outages by collating status reports from a number of …

Meta’s WhatsApp down for thousands, Downdetector shows Read More »

By Lewis Krauskopf NEW YORK (Reuters) – Rising Treasury yields could provide the latest test for a rally that has made U.S. stocks increasingly expensive while taking them to fresh record highs. Expectations that the Federal Reserve will cut interest rates this year helped the S&P 500 notch a 10% gain in the first quarter, …

Analysis-Rising Treasury yields pose a test for richly valued US stocks Read More »

By Francesca Landini MILAN (Reuters) – Energy storage group VTTI will get a 70% stake in Italy’s biggest liquefied natural gas (LNG) terminal, with grid operator Snam owning the rest, the Milan-listed group said on Wednesday, announcing a deal to be finalised by year-end. Snam, which is controlled by the Italian government, said in a …

VTTI to control Italy’s biggest LNG terminal, Snam to get 30% Read More »

By Balazs Koranyi FRANKFURT (Reuters) – Euro zone inflation fell unexpectedly last month, solidifying the case for the European Central Bank to start lowering borrowing costs from record highs. Consumer price growth in the 20 nations sharing the euro currency slowed to 2.4% in March from 2.6% a month earlier, defying expectations for a steady …

Euro zone inflation unexpectedly eases, boosting rate cut case Read More »

By Johann M Cherian and Ozan Ergenay (Reuters) – European shares see-sawed in a tight range on Wednesday as investors stayed on the sidelines ahead of a crucial inflation report that could sway expectations on the timing of the European Central Bank’s first rate cut. The continent-wide STOXX 600 was down 0.1% by 0829 GMT. …

European stocks little changed on caution ahead of inflation data Read More »

(Reuters) – Barclays on Wednesday raised its 2024 year-end target for the pan-European STOXX 600 index to 540 from 510, citing a pick-up in domestic growth, potential easing in borrowing costs and cheaper valuations. (Reporting by Gokul Pisharody in Bengaluru; Editing by Varun H K)