ROME (Reuters) – Italy intends to use funds coming from the European Union under the so-called REPowerEU plan to completely wean itself off Russian gas and turn the country into energy hub for the bloc, Prime Minister Giorgia Meloni said in a statement. Meloni – who met on Monday with relevant ministers and the CEOs …
Italy to use EU funds to become energy hub for Europe, Meloni says Read More »
(Reuters) -British space investment firm Seraphim Space said on Monday its unit, Generation Space, would provide 12 early-stage U.S. startups with a potential to access funding of more than $150 million in total through a new accelerator program. The 12-week accelerator will focus on startups working in sectors ranging from climate technology and defense to …
Generation Space launches startup accelerator in U.S Read More »
By Gergely Szakacs BUDAPEST (Reuters) – Bank of England rate-setter Catherine Mann on Monday backed further increases in interest rates and warned that pausing, as some of her colleagues advocate, risked a confusing “policy boogie” if it turned out rates would need to rise again. After hiking interest rates to 4% last week, the BoE’s …
Bank of England’s Mann doubles down on backing for rate hikes Read More »
(Reuters) -Australia’s Recharge Industries was on Monday selected as the preferred bidder to buy Britishvolt, the collapsed UK startup which had struggled to fund a major electric vehicle battery factory in northern England. The deal, which comes just three weeks after Britishvolt fell into administration, could help revive Britain’s ambitions of building a home-grown EV …
Australia’s Recharge to buy failed EV battery startup Britishvolt Read More »
(Reuters) – Pension schemes that invested in liability-driven investment (LDI) funds run by BlackRock and other managers are being advised to sell their holdings, the Financial Times newspaper reported on Monday. Investment advisers XPS Pensions and Barnett Waddingham have cut their ratings on some pooled LDI funds to their lowest ranking, according to the report, …
Pension schemes advised to sell LDI funds after gilt chaos – FT Read More »
BERLIN (Reuters) -German industrial orders rose in December, beating forecasts and posting the biggest increase in more than a year thanks to strong domestic and eurozone demand. New orders increased by 3.2% on the month on a seasonally and calendar-adjusted basis, the federal statistics office said on Monday. A Reuters poll of analysts had pointed …
German industrial orders beat expectations in December Read More »
BUDAPEST (Reuters) – Inflation in the euro area remains far too high so the risk of the European Central Bank not raising interest rates high enough is still a bigger than that of lifting them too much, Austrian central bank chief Robert Holzmann said on Monday. The ECB lifted its deposit rate to 2.5% on …
Doing too little is still bigger risk for ECB than doing too much: Holzmann Read More »
(Reuters) – European shares fell on Monday, led by losses in Aurubis AG, the continent’s largest copper producer, while fears that the global rate-hiking cycle may persist for longer kept investors on edge. The pan-European STOXX 600 was down 0.4% at 0815 GMT, after clocking two consecutive weeks of gains on optimism that the United …
Copper maker Aurubis leads European stocks lower as rate jitters persist Read More »
COPENHAGEN (Reuters) – Denmark has awarded its first licences to capture and store carbon in the North Sea to Wintershall Dea, INEOS Energy and TotalEnergies, the country’s climate and energy ministry said on Monday. Denmark has set a target of reaching net zero carbon emissions in 2045 and sees carbon capture and storage (CCS) technology, …
Denmark awards first CO2 storage licences in the North Sea Read More »
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank’s tough talk on Thursday may not have convinced investors hoping for an early end to rate hikes, but ECB policymakers largely agree on how much more is needed to tame inflation, six of them said. The central bank for the 20 countries that …
ECB policymakers converging on end-point for rate hikes Read More »
