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(Reuters) -Glencore said on Tuesday it would partner with waste management services provider FCC Ámbito and Spanish energy firm Iberdrola to provide lithium-ion battery recycling services at scale in Spain and Portugal. The companies intend to establish a facility to offer recycling and second-life solutions for lithium-ion batteries, both from gigafactory production scrap and end-of-life …

Glencore to partner with Iberdrola, FCC Ámbito to recycle lithium-ion batteries Read More »

MOSCOW (Reuters) -Russian exporters cut their sales of foreign currency during the first days of April, contributing to a significant weakening in the value of the Russian rouble, the central bank said on Monday. The Russian currency fell more than 5% last week to hit its lowest level in almost a year. After spending much …

Russian central bank says rouble weakness due to lower forex sales by exporters Read More »

By Jesús Aguado MADRID (Reuters) -Core inflation in the euro zone is likely to stay high for the rest of 2023, ECB policymaker Pablo Hernandez de Cos said on Monday, leaving the door open for further interest rate hikes. Inflation in the euro zone dropped by the most on record in March, but growth in …

ECB’s De Cos hints at further rate hikes due to elevated core inflation Read More »

(Reuters) – Ukraine’s state-owned gas company Naftogaz on Monday said a group of investors had rejected its sweetened debt-restructuring offer, failing to bring the company out of a months-long default. The rejection letter was sent on behalf of a group that consisted of more than 10 investors collectively holding well in excess of 50% of …

Naftogaz says creditors have rejected its revised offer Read More »

By Mohi Narayan and Jonathan Saul NEW DELHI/LONDON (Reuters) -Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns. As a result of the European Union ban on Russian fuel that …

Western curbs on Russian oil products redraw global shipping map Read More »

By Fergal Smith TORONTO (Reuters) – The Bank of Canada is expected to take in stride surprising recent economic strength and leave interest rates unchanged at its meeting on Wednesday, pinning its hopes on activity cooling as higher borrowing costs sink in, analysts said. Last month, the Bank of Canada became the first major global …

Bank of Canada seen on hold even as economy accelerates Read More »

By Joey Roulette and Kevin Krolicki (Reuters) – As the fortunes of Richard Branson’s Virgin Orbit were crashing to Earth last month, a little-known investor called Matthew Brown appeared offering a $200 million rescue.     Within two days of being contacted by Brown, Virgin Orbit Chief Executive Dan Hart had secured board backing for a preliminary …

Virgin Orbit’s would-be white knight and a $200 million rescue that fell flat Read More »