By Vera Eckert FRANKFURT (Reuters) – Germany’s sonnen, which provides storage batteries for rooftop solar systems, has connected 25,000 homes to the grid, amassing 250 megawatt hours (MWh) of capacity to help power networks manage supply and demand, it said on Wednesday. Although 250 MWh is a tiny fraction of power demand in Western countries, …
German solar battery firm sonnen sees bigger role backing up grid Read More »
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Carlsberg was “shocked” by Russia’s seizure of its business in the country last month and the brewer is no closer to knowing what might happen next, its CEO said on Wednesday. Russia took control of the Danish group’s eight breweries and 8,400 employees in the country last month, shortly …
Carlsberg in the dark over Russian business after shock seizure Read More »
FRANKFURT (Reuters) – The euro zone’s vast industrial sector rebounded in June, giving overall growth a small boost to end an otherwise weak quarter on a positive note, data from Eurostat showed on Wednesday. Industrial production in the 20 nations sharing the euro expanded by 0.5% on the month, beating expectations for a 0.2% rise, …
Industrial output jump gives euro zone growth small boost Read More »
ARENDAL, Norway (Reuters) – Norway’s sovereign wealth fund has recently reduced its overweight investment position in major tech firms, Chief Executive Nicolai Tangen told a press conference on Wednesday. (Reporting by Gwladys Fouche, editing by Terje Solsvik)
LONDON (Reuters) – British house prices increased by 1.7% in the 12 months to June, the Office for National Statistics (ONS) said on Wednesday, the smallest rise since July 2020. House prices in London fell by 0.6%, the ONS said. Britain’s housing market, which boomed during the coronavirus pandemic, has come under strain from higher …
UK house prices rise by least since 2020 and fall in London – ONS Read More »
By Aby Jose Koilparambil (Reuters) -Balfour Beatty is facing challenges in its U.S. office projects, partly due to a tech downturn in the Northwest as customers downsize and delay investments, the global infrastructure firm’s CEO Leo Quinn said on Wednesday. Quinn said technology companies in the U.S. were cutting budgets in building commercial offices and …
UK’s Balfour Beatty flags hit to business from US tech downturn Read More »
By Padraic Halpin DUBLIN (Reuters) -Bank of Ireland has fixed technical problems that affected its services and allowed some customers to withdraw or transfer funds above what was actually in their accounts, it said on Wednesday morning. Among other problems, a glitch with the bank’s online app had allowed customers with low balances or no …
Bank of Ireland says it has fixed glitch that sparked flurry of withdrawals Read More »
By Gwladys Fouche OSLO (Reuters) – Norway’s $1.4 trillion wealth fund, the world’s single largest stock market investor, is urging firms it invests in to engage with artificial intelligence as a way to drive profits, but to do so responsibly, top officials told Reuters. Fund CEO Nicolai Tangen said it was crucial for all firms …
Norway wealth fund to firms: use AI, but do it responsibly Read More »
MOSCOW (Reuters) – A Moscow court has banned UBS and its recently-acquired Swiss rival Credit Suisse from disposing of shares in their Russian subsidiaries, court documents showed, after a request from Zenit Bank which is concerned about losing out if they exit Russia. Zenit told the court in a statement that it believed the Russian …
Russian court bans UBS, Credit Suisse from subsidiary disposals Read More »
ARENDAL, Norway (Reuters) -Norway’s wealth fund, the world’s largest single stock market investor, posted a profit of 1,501 billion crowns ($143 billion) in the first half of the year, driven by strong equity markets and a weak crown currency, the fund said on Tuesday. “The fund’s equity investments had a strong first half after a …
Norway wealth fund posts $143 billion profit as AI surge lifts tech Read More »
