By Angelo Amante ROME (Reuters) -Italy’s government on Tuesday approved a bill banning the use of laboratory-produced food and animal feed as it aims to safeguard the country’s agri-food heritage, its agriculture minister told a news conference after a Cabinet meeting. If the proposal is passed by parliament, Italian industry will not be allowed to …
Italy wages war on lab-grown food in drive to protect tradition Read More »
(Reuters) – Activist investor Jeff Ubben’s Inclusive Capital Partners is urging Dutch fertilizer and chemical maker OCI NV to look for strategic options including asset sales, Bloomberg News reported on Tuesday, citing a copy of a letter sent by Ubben. OCI should consider options for its methanol business, its low-carbon ammonia project in Beaumont, Texas, …
Activist investor Ubben urges OCI to explore strategic options – Bloomberg News Read More »
By Jonathan Stempel NEW YORK (Reuters) – A judge dismissed a proposed class action lawsuit accusing L’Oreal SA of tricking American shoppers into overpaying for its beauty products by making them believe the products came from France. In a decision on Monday, U.S. District Judge Analisa Torres in Manhattan said L’Oreal’s referring to “Paris” and …
L’Oreal defeats U.S. woman’s lawsuit over ‘Paris’ product labels Read More »
By Johann M Cherian and Shashwat Chauhan (Reuters) -Britain’s FTSE 100 closed higher on Tuesday, buoyed by commodity-linked stocks, but came off its session high as caution prevailed after the Bank of England (BoE) said it was on alert following recent turmoil in the banking sector. The blue-chip index closed 0.2% higher, after hitting a …
FTSE 100 closes higher on commodity boost; off session highs on BoE caution Read More »
FRANKFURT (Reuters) – German sales of batteries to store solar energy at home may jump 59% this year as more residents seek a cheaper, renewable and more reliable power supply, industry association BVES said on Tuesday. “We expect to be cracking the 1-million-unit level in 2023,” said BVES, presenting an industry-commissioned study undertaken by advisory …
Home battery sales in Germany may surge 59% this year -study Read More »
OSLO (Reuters) -Swedish steelmaker SSAB aims to boost its annual profit by at least 10 billion Swedish crowns ($968 million) from 2030 onwards as it shifts to carbon-free metals production, the company said on Tuesday. SSAB last year said it would speed up a switch to fossil-free steel production, investing heavily to almost eliminate carbon …
Steelmaker SSAB eyes $1 billion annual profit boost by 2030 Read More »
By Vladimir Soldatkin and Olesya Astakhova MOSCOW (Reuters) – Russia has successfully redirected all its crude oil exports affected by Western sanctions over Ukraine to “friendly” countries, Energy Minister Nikolai Shulginov said on Tuesday, while still a decline in oil and gas output this year. The West imposed wide-ranging sanctions, including an embargo on seaborne …
Russia says it has rerouted all oil exports hit by Western embargo Read More »
ZURICH (Reuters) -Nestle will examine its banking relationships following the planned takeover of Credit Suisse by UBS, the food group’s Chief Executive Mark Schneider said on Tuesday. The world’s largest food group was a client of Credit Suisse, Schneider told broadcaster TeleZueri in an interview to be shown on Tuesday evening, and had been following …
Nestle to examine banking relationships following Credit Suisse downfall Read More »
FRANKFURT (Reuters) – The European Central Bank’s top supervisor said on Tuesday he was concerned by a selloff in Deutsche Bank shares late last week it showed investors were on edge and could be spooked by moves in the small market for credit default swaps (CDS). “What concerned me really was the amount of nervousness, …
ECB’s Enria says Deutsche Bank’s selloff is a concern Read More »
By Sruthi Shankar (Reuters) -European stocks rose for a second session on Tuesday, lifted by commodity and banking shares, after a buyout deal for failed Silicon Valley Bank raised hopes that the banking crisis would be contained. The continent-wide STOXX 600 index climbed 0.4%, extending its rebound after last week’s market rout caused by the …
European stocks extend recovery as banking fears ebb Read More »
