Reuters UK Business

By David Lawder WASHINGTON (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva on Thursday rebuked the British government over its planned tax cuts, telling its finance minister and central bank chief that their policies should not be contradictory. Her comments during the IMF and World Bank annual meetings in Washington highlighted concerns about financial market …

IMF chief to UK officials: Keep calm and get coherent Read More »

By Elvira Pollina MILAN (Reuters) – Telecom Italia’s (TIM) directors are set to meet on Friday over a request from state lender CDP and its partners to extend a deadline to clinch a deal over the Italian phone group’s network, two sources close to the matter said. CDP, infrastructure fund Macquarie and Open Fiber have …

Italy’s TIM board to meet on Friday over request to extend network deal deadline Read More »

By Susanna Twidale LONDON (Reuters) – The use of cheap carbon offsets by companies to meet net zero targets could curb their efforts to cut emissions and slow the delivery of climate goals, Britain’s climate change advisers said on Thursday. Many UK listed companies such as Shell have set net zero emission targets, saying they …

Carbon credit use could curb company climate action, warns UK advisers Read More »

WASHINGTON (Reuters) -European Union and U.S. officials expect to reach agreement that would grant EU companies, including electric car makers, the same status as U.S. ones in the U.S. market, to avoid what the EU calls discrimination against its producers by the U.S. Inflation Reduction Act. The EU says that while it allows government tax …

EU, U.S. eye level playing field for EU electric cars in U.S. market Read More »

By Andres Gonzalez LONDON (Reuters) – Spanish power company Iberdrola is looking to sell its onshore wind farms in Romania and Hungary as part of a strategy to raise cash to fund more lucrative renewable energy projects, two sources told Reuters. The sale is worth up to 300 million euros, the sources said. Iberdrola is …

Iberdrola explores sale of wind assets in Romania, Hungary -sources Read More »

By Bozorgmehr Sharafedin and Marwa Rashad LONDON (Reuters) -U.S. oil major Chevron Corp expects high European prices for liquefied natural gas (LNG) to attract a majority of U.S. LNG exports in the short term, a top executive told Reuters on Wednesday. Europe is determined to wean itself off Russian gas imports following its invasion of …

Chevron sees LNG growth opportunity in Europe on strong demand- top executive Read More »

WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai and her European counterpart, Valdis Dombrovskis, agreed to speed up talks on global steel issues, among other trade and economic topics raised at their meeting in Washington, Tai’s office said on Thursday. The two also discussed the U.S. Inflation Reduction Act and concerns about electric vehicles as …

U.S., EU agree to speed up steel talks, keep discussing EVs Read More »