(Reuters) – 3M said on Monday it was looking at options to further accelerate the stoppage of manufacturing of PFAS chemicals at its Zwijndrecht facility in Belgium and warned of a likely hit due to the continued idling of the plant. PFAS, or per- and polyfluoroalkyl substances, dubbed “forever chemicals” because they do not easily …
3M evaluating options for PFAS manufacturing in Belgium Read More »
FRANKFURT (Reuters) – The European Central Bank’s record high deposit rate could help cut inflation to 2%, ECB President Christine Lagarde said on Monday, repeating the bank’s guidance that neither promises nor rules out further rate hikes. Policymakers have provided different interpretations of this guidance over the past week, with one extreme arguing that the …
ECB’s Lagarde bets that rates held at record high will curb inflation Read More »
By Giuseppe Fonte ROME (Reuters) – Italy approved on Monday measures worth around 1.3 billion euros ($1.38 billion) to help families cope with energy costs in the final quarter of this year, according to government officials and a draft seen by Reuters. Among other measures, the government plans to extend a reduced sales tax rate …
Italy sets aside a further $1.38 billion to help households weather energy costs Read More »
BERLIN (Reuters) -Chancellor Olaf Scholz on Monday set out Germany’s ambitions to become a strategic production centre for sustainable jet fuel and to lure future investment to build on its importance as one of Airbus’ main planemaking centres. Earlier this month, the European Parliament adopted a deal to set binding targets for airlines in Europe …
Germany’s Scholz targets green jet fuel role, Airbus investment Read More »
(Reuters) -French artificial heart maker Carmat said on Monday supply issues meant it would miss its full-year sales target and warned it could run out of cash by the end of October. “During the first half of 2023, the production ramp-up we were anticipating was significantly disrupted by supply issues,” CEO Stephane Piat said in …
Artificial heart maker Carmat could run out of cash after sales miss Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Booking Holdings’ proposed 1.63 billion euro ($1.7 billion) purchase of Swedish peer ETraveli Group was blocked by EU antitrust authorities on Monday after the company failed to allay concerns about its dominance in online hotel reservations. The European Commission, which acts as the competition watchdog in the 27-country European …
Booking to appeal after EU vetoes $1.7 billion ETraveli deal Read More »
By Johann M Cherian and Shristi Achar A (Reuters) -UK stocks fell on Monday, in a grim start to the last week of the quarter, while Ladbrokes owner Entain tumbled to a three-year low after warning of a decline in online gaming sales. The exporter-heavy FTSE 100 fell 0.8% to its lowest level in over …
UK stocks kick off week lower, Entain drops to 3-year low Read More »
By Huw Jones LONDON (Reuters) -Britain’s financial regulators proposed guidance on Monday for financial firms to tackle sexual harassment and bullying, along with new requirements for large banks and insurers to set targets to improve diversity and inclusion. The Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority said their proposed measures …
Britain proposes diversity and misconduct rules for financial firms Read More »
By Maria Martinez BERLIN (Reuters) -German business morale deteriorated slightly in September, falling for the fifth month in a row, a survey showed on Monday. The Ifo institute said its business climate index stood at 85.7, a decline from a revised August figure of 85.8 but above the 85.2 forecast by analysts in a Reuters …
German business sentiment worsens in September -Ifo Read More »
STOCKHOLM (Reuters) – Swedish steel maker SSAB will initiate talks with trade unions to adjust its workforce in Finland due to continued weak demand, it said on Monday. SSAB said in a statement the aim is to cut costs by at least 10 million euros ($10.63 million) annually and the negotiations affect around 2,400 of …
SSAB flags possible staff cuts in Finland due to weak demand Read More »
