By Susanna Twidale (Reuters) -British power generator and network operator SSE Plc on Wednesday set out plans to invest up to 40 billion pounds ($50.48 billion) this decade on clean energy projects and called on the government to ensure the country remains competitive. Britain is aiming to ramp up its renewable power capacity as it …
UK’s SSE sets out up to 40 billion stg investment plan as profits rise Read More »
LONDON (Reuters) – Britain will relax immigration rules for fishing industry jobs to address a shortage of workers in the sector, the government said on Tuesday, making it cheaper and easier for overseas applicants to get a visa. The fishing industry is often seen as a bellwether for the success of Brexit, having loudly supported …
UK eases visa rules for fishermen to tackle worker shortage Read More »
By Pavel Polityuk KYIV (Reuters) -The Ukrainian port of Pivdennyi has halted operations because Russia is not allowing ships to enter it, in effect cutting it out of a deal allowing safe Black Sea grain exports, a Ukrainian official said on Tuesday. The Black Sea Grain Initiative signed by Russia and Ukraine last July, and …
Ukraine says Russia prevents Black Sea grain deal port operating Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union and the United States are set to step up cooperation on artificial intelligence with a view to establishing minimum standards before legislation enters force, the EU’s tech chief Margrethe Vestager said on Tuesday. The European Union’s AI Act could be the world’s first comprehensive legislation governing …
EU, U.S. to seek stopgap standards for AI – EU tech chief Read More »
By Foo Yun Chee BRUSSELS (Reuters) -The Alliance for Open Media (AOM), whose members include Alphabet unit Google, Amazon, Apple and Meta, on Tuesday dodged a possible fine after EU antitrust regulators closed an investigation into its video licensing policy. The European Commission, which acts as the competition enforcer for the 27-country bloc, had been …
Tech group AOM’s video licensing policy no longer in EU antitrust crosshairs Read More »
BERLIN (Reuters) – The European Central Bank needs to continue raising interest rates to tame the highest inflation in decades, Deutsche Bank CEO Christian Sewing said on Tuesday. “This poison must go out,” he said, referring to inflation at an event in Berlin. He warned that inflation weakens consumption and hinders growth in the long …
ECB must keep hiking to tame inflation ‘poison’, Deutsche Bank CEO says Read More »
By Federico Maccioni and Alvise Armellini MILAN/ROME (Reuters) – Italy is experiencing a surge in rent prices, the country’s central bank said on Tuesday, against the backdrop of growing student protests over the rising cost of living in big cities. A combination of low salaries, a shortage of housing, the spread of short-term holiday rentals …
Italy’s central bank sees sharp rise in rents amid student housing protests Read More »
FRANKFURT (Reuters) – The European Central Bank will need to raise interest rates “several” more times and then must hold rates steady for some time before inflation is fully tamed, Bundesbank President Joachim Nagel said on Tuesday. The ECB has lifted rates by a combined 375 basis points since last July and promised further policy …
ECB needs several more rate hikes, Bundesbank chief Nagel says Read More »
ZURICH (Reuters) – Credit Suisse senior managers will have their outstanding bonus payments for 2022 either cancelled or reduced following an order issued on Tuesday by the Swiss Finance Ministry. The order affects the top three levels of Credit Suisse management and follows the multi-billion franc state rescue of Switzerland’s second biggest bank. Governments rarely …
Credit Suisse managers’ 2022 bonuses cancelled or cut by Swiss government Read More »
By Shadia Nasralla and Ron Bousso LONDON (Reuters) – Shell shareholders overwhelmingly supported the energy giant’s strategy at a raucous annual general meeting disrupted by climate activists who tried to storm the stage. Tuesday’s meeting highlighted the growing tension Shell and its peers face as they try to navigate growing investor pressure to accelerate their …
Climate activists storm Shell shareholder meeting Read More »
