LONDON (Reuters) – Aluminium companies have launched a raft of aluminium products with lower carbon emissions, largely by either using hydro power or recycled material. Primary aluminium emits on average 16.6 tonnes of CO2 per tonne of metal, according to the International Aluminium Institute, based on 2021 data, making it one of the most carbon-intensive …
Factbox-Aluminium companies compete to sell low-carbon products Read More »
(Fixes typo in headline) By Andreas Rinke and Andi Kranz WILHELMSHAVEN, Germany (Reuters) – The speed with which Germany managed to build and link up its first floating gas terminal to replace lost supplies of Russian gas should serve as a model for a new, pacier German economy, Chancellor Olaf Scholz said at the terminal’s …
Breakneck LNG build-out shows Germany can move fast, Scholz says Read More »
WARSAW (Reuters) – Poland’s energy regulator URE approved tariffs for the sale of gas by PGNiG Obrot Detaliczny and for its distribution by Polska Spolka Gazownictwa, the URE said on Saturday. Poland is freezing the amount households will pay for gas at 2022 levels, to help consumers hit by surging inflation. URE said there would …
PARIS (Reuters) – Half of French nuclear group EDF’s planned outages in some reactors for maintenance work may take 30 days longer in the next two years, the state-controlled group said on Saturday as it struggles to raise production from record lows this year. EDF has taken a record number of France’s 56 nuclear reactors …
EDF says some maintenance work may take 30 days longer Read More »
WARSAW (Reuters) – Poland’s energy market regulator URE has confirmed tariffs for 2023 for five energy suppliers and five distribution companies, it said on Saturday. Poland has frozen 2023 energy prices at this year’s levels up to certain levels of consumption for households. For most households the annual limit will be 2,000 kilowatt-hours (kWh). Above …
Polish regulator approves energy tariffs for 2023 Read More »
By Angelo Amante and Giuseppe Fonte ROME (Reuters) -The prospect of subsequent hikes in interest rates by the European Central Bank is worrying for highly indebted countries like Italy, its economy minister said on Saturday. “We have benefited as a country for several years of a favourable situation, with interest rates close to or below …
Italian economy minister says ECB rates hikes worrying for Rome Read More »
ZURICH (Reuters) – Credit Suisse needs to execute its revamp successfully and end a string of negative headlines from Switzerland’s second-biggest bank, Swiss National Bank Chairman Thomas Jordan said in an interview aired on Saturday. Credit Suisse in October announced a plan to raise capital, slash its workforce and focus even more on its flagship …
Swiss central bank sees onus on Credit Suisse to execute revamp Read More »
BUCHAREST (Reuters) – The leaders of Azerbaijan, Georgia, Romania and Hungary signed an agreement on Saturday on an underwater electric cable under the Black Sea to carry green Azeri energy to Europe. “Given the current security context marked by the military aggression against Ukraine we need to cooperate better and show more solidarity to mitigate …
Four leaders sign agreement to bring green Azeri energy to Europe Read More »
By Hyunjoo Jin (Reuters) -Elon Musk’s team has reached out to investors to raise new funds for his struggling social media platform Twitter, one of the investors said. Ross Gerber, president and CEO at Gerber Kawasaki Wealth & Investment Management, told Reuters that he was contacted by a Musk representative about offering more shares at …
Elon Musk’s team seeks new funding for Twitter – investor Read More »
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – Goldman Sachs Group Inc is planning to cut thousands of employees to navigate a difficult economic environment, a source familiar with the matter said. The layoffs are the latest sign that cuts are accelerating across Wall Street as dealmaking dries up. Investment banking revenues have …
Goldman to cut thousands of staff as Wall Street layoffs intensify -source Read More »
