By Simon Jessop LONDON (Reuters) – Norway’s Storebrand Asset Management said on Thursday it had toughened up its biodiversity policy, adopting stricter rules for investing in sectors including mining and energy, and called on governments to do more to help. The move comes ahead of the COP15 global talks on biodiversity, starting in Montreal on …
Norwegian asset manager Storebrand toughens stance on biodiversity Read More »
(Reuters) -Ratings agency S&P Global cut France’s outlook to “negative” from “stable” on Friday, reflecting its view of rising risks to the country’s public finances and the resulting fiscal space reduction. The downgrade comes amid France’s already large general government debt, an implementation risk associated with its structural reform agenda, a wider economic slowdown and …
S&P cuts France’s outlook to ‘negative’ on rising budgetary risks Read More »
(Reuters) – UniCredit is seeking to boost the pay of Chief Executive Andrea Orcel after he told colleagues he wants a bigger reward for turning around the Italian bank, the Financial Times reported on Friday, citing people familiar with the matter. (Reporting by Akriti Sharma in Bengaluru; Editing by Chris Reese)
By Foo Yun Chee BRUSSELS (Reuters) – HMD Global Oy, the exclusive licensee of Nokia-branded smartphones, has filed a complaint to EU antitrust regulators against VoiceAge EVS’s patent practices and royalty rates. Disputes over royalties have dogged the telecoms industry since the last decade. The most high profile were between Apple and Samsung Electronics, and …
Nokia smartphone maker HMD Global files EU antitrust complaint against VoiceAge EVS Read More »
By Michael Erman NEW YORK (Reuters) -Pfizer Inc is investing more than $2.5 billion at its drug making plants in Belgium and Ireland, gearing up to launch new products it hopes can replace lost revenue as patents expire and COVID-19 vaccine sales decline. The drugmaker said on Friday it plans to spend more than 1.2 …
Pfizer to invest more than $2.5 billion to expand European manufacturing Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Germany and five other countries on Friday joined in a debate that has drawn support and opposition from interest groups as they asked the European Commission for clarity on plans to make Big Tech pay some of the costs of Europe’s telecoms network. Deutsche Telekom, Orange, Telefonica, Telecom …
Germany, others demand clarity on EU plan on telco network costs Read More »
PARIS (Reuters) – France will release some 4 billion International Monetary Fund (IMF) Special Drawing Rights (SDRs), worth about 5 billion euros ($5.26 billion), to the world’s most vulnerable countries under a G20 programme and expects to release more next year, the finance ministry said on Friday. It said France had agreed to contribute loans …
France to release 5 billion euros of SDRs to vulnerable countries under G20 programme Read More »
By Foo Yun Chee BRUSSELS (Reuters) -The United States and the European Union will seek to tackle EU concerns about a new U.S. green energy subsidy package in a constructive way, officials from both sides are due to say at a meeting next week, a draft joint statement shows. The 27-country bloc fears that the …
U.S., EU to address Inflation Reduction Act fears constructively -draft Read More »
By Shashwat Chauhan and Shristi Achar A (Reuters) -London’s FTSE 100 index was subdued on Friday as gains in financials and consumer staple stocks were offset by losses in oil majors BP and Shell, and stronger-than-expected U.S. jobs data also depressed sentiment after a strong week. The blue-chip index closed flat. It rose 0.9% for …
UK’s FTSE 100 index closes flat, logs third-straight weekly gain Read More »
By Tim Hepher MUNICH (Reuters) – Airbus, struggling to meet resurgent jet demand in the face of crumbling supply chains and labour shortages, has exceeded this year’s hiring targets but is wary of crowding out its own critical suppliers in the race to populate factories. Airbus recruited “much more” than the 6,000 people required in …
Airbus wary of squeezing out suppliers as tops hiring target Read More »
