STOCKHOLM (Reuters) – Sweden’s new right-wing government will cut fuel taxes and give extra cash to the military and police in its first budget since winning a general election in September, it said on Monday. With Sweden’s economy expected to slip into a mild recession next year, the Moderates and Christian Democrats – along with …
New Swedish government to cut fuel taxes, boost defence, police in budget Read More »
(Reuters) -James Hardie Industries on Tuesday lowered its earnings forecast for fiscal 2023 for the second time, as the world’s largest fiber cement maker saw volumes across all three key regions tumbling amid uncertainties around a slowing housing market. Demand in the housing market has tapered down owing to an aggressive policy tightening by global …
James Hardie cuts fiscal 2023 profit view as inflation clouds housing market Read More »
By Paul Lienert (Reuters) – An inadequate charging network and insufficient access to battery raw materials are critical bottlenecks that could shackle demand for electric vehicles, according to Ford Motor Co’s chief electrification executive on Monday. “Infrastructure is the biggest thing that really has to be nailed for widespread adoption” of EVs, Doug Field said …
Ford’s EV guru Field talks bottlenecks and opportunities Read More »
By Benjamin Mallet PARIS (Reuters) -French utility EDF discovered a radioactive leak last Wednesday in the primary cooling circuit of its Civaux nuclear plant in southwestern France, the company said, adding there was no safety risk and no radioactivity was measured outside the plant. The leak could delay the reactor’s planned Jan. 8 restart, an …
EDF finds radioactive leak at France’s Civaux 1 reactor, says no safety risk Read More »
By Huw Jones LONDON (Reuters) -Regulating consultants who advise pension funds would ensure greater focus on managing risks that can emerge from the sector, such as the recent difficulties with liability-driven investment (LDI) funds, the Financial Conduct Authority said on Monday. LDI funds, which help pension funds meet future payouts, struggled to meet collateral calls …
UK watchdog says regulating pension fund consultants would contain risks better Read More »
By Ron Bousso LONDON (Reuters) – French energy giant TotalEnergies has pulled ahead of rivals Shell and BP in the race to build up a renewables business, data collected by Reuters shows. But despite the growing focus on the climate, investors remain cautious for now, with shares of the three European giants trailing their oil …
TotalEnergies leads Shell, BP in renewables race, but shares sag Read More »
WARSAW (Reuters) – Poland will modify anti-inflation policies opposed by the European Union to avoid another dispute with Brussels, the prime minister said on Monday, as the country grapples with price growth not seen since the 1990s. Warsaw is in a long-running row with the bloc over judicial reforms Brussels say undermine the independence of …
Poland to change anti-inflation policies, says PM Read More »
LONDON (Reuters) – Improving transparency in ‘non-banks’ is a first step to applying lessons from last month’s turmoil in Britain’s government bond market, but more will need to be done, Bank of England executive director Sarah Breeden said on Monday. “Transparency is an important first step. That enables the necessary next step of ensuring non-banks’ …
More transparency is first step after gilts turmoil, says Bank of England Read More »
PRAGUE (Reuters) – Czech carmaker Skoda Auto, part of the Volkswagen group, is still aiming for sales of at least 1 million cars a year but is targeting profitability over higher volumes, its CEO was quoted as saying on Monday. Global deliveries for Skoda, the Czech Republic’s biggest exporter and a bellwether for the economy, …
Skoda focused on profitability over volumes, CEO tells E15 Read More »
BERLIN (Reuters) – German industry has called for a delay to a global minimum corporate tax by at least a year to 2025 to give companies more time to prepare given the current crisis, according to a position paper published by industry association BDI on Monday. “The ambitious timetable of applying the minimum tax as …
German industry calls for delay to global minimum tax – BDI Read More »
