MADRID (Reuters) -Unemployment fell and net jobs were created in November in Spain, official data showed on Friday, reflecting strength in the labour market despite a slowing economy. The figures follow other recent data showing a slight easing of inflation and better than expected retail sales, raising hopes that Spain could eventually avoid slipping into …
Spain’s labour market resilient as unemployment drops in Nov Read More »
ROME (Reuters) – Italy’s government is confident of achieving all targets of the EU post-pandemic recovery fund planned by the end of the year, its economy minister said on Friday. Italy has so far obtained almost 67 billion euros ($70.60 billion) of the roughly 200 billion euros of EU funds it is due through 2026. …
Italy confident to clinch all 2022 targets of EU post-pandemic recovery fund Read More »
MILAN (Reuters) – Italian family holding company De Agostini said on Friday it planned to take private its vehicle for financial investments DeA Capital spending up to 128.6 million euros ($135.43 million) to buy out other investors. If the offer is successful, DeA Capital will be the 13th company this year to flee the Milan’s …
Italian family holding De Agostini moves to take DeA Capital private Read More »
By Akash Sriram (Reuters) -Tesla Inc Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo without offering updated forecasts for the truck’s pricing, production plans or how much cargo it could haul. Musk, who appeared onstage at an event at Tesla’s Nevada plant, said the battery-powered, long-haul truck would reduce …
Musk delivers first Tesla truck, but no update on output, pricing Read More »
PARIS (Reuters) – The United Nations food agency’s world price index fell marginally in November, marking an eighth straight monthly fall since a record high in March after Russia’s invasion of Ukraine. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally traded food commodities, averaged 135.7 points last month, down from …
World food price index ticks lower in November -FAO Read More »
(This Dec. 1 story has been corrected to change figure in paragraph 5 to 400 mln pounds from 500 mln pounds) (Reuters) – TotalEnergies will cut its investment in British North Sea oil and gas projects by a quarter next year after the UK government hiked a windfall tax on the sector, the French firm’s …
TotalEnergies to cut UK investment by 25% after windfall tax Read More »
LONDON (Reuters) – France’s TotalEnergies said it has joined a shipping project building test tankers which can be powered by ammonia, part of moves to speed up maritime industry decarbonisation. Widely used in industrial applications, ammonia’s suitability as a transport fuel has been limited because of the challenge of converting it into energy in a …
French oil giant TotalEnergies joins ammonia-powered tanker project Read More »
By Dominique Vidalon PARIS (Reuters) -French drugmaker Sanofi said on Friday that if it decides to bid for biotech company Horizon Therapeutics Plc, it would do so in cash. Horizon Therapeutics Plc, which has a market capitalization of about $18 billion, is in talks with Amgen Inc, Sanofi and Johnson & Johnson unit Janssen Global …
Sanofi says any offer for Horizon Therapeutics, if made, will be in cash Read More »
LONDON (Reuters) -British retailer the John Lewis Partnership is to turn some of its stores and a vacant warehouse into homes via a 500 million pound ($611 million) joint venture with investment company abrdn. The employee-owned partnership, which owns a department store chain as well as upmarket grocer Waitrose, is trying to diversify its business …
Britain’s John Lewis to turn stores into homes via abrdn joint venture Read More »
BERLIN (Reuters) – German exports fell more than forecast in October, official data showed on Friday, as high inflation and supply chain snags hit demand in key trading partners, further raising the spectre of recession for Europe’s largest economy. Exports declined by 0.6% on the month, twice as much as analysts predicted in a Reuters …
German exports fall as demand cools in Europe, U.S Read More »
