Reuters UK Business

By Victoria Waldersee BERLIN (Reuters) -Volkswagen’s PowerCo and materials technology firm Umicore announced a 3 billion euro ($2.9 billion) joint venture on Monday that will produce battery precursor and cathode material from 2025, likely at Umicore’s new plant in Poland. They will equally share costs, investments and profits in the joint venture which aims to …

Volkswagen’s PowerCo and Umicore team up on battery materials Read More »

BERLIN (Reuters) – The German economy is facing recession and almost all sectors are in the red, the Ifo surveys head Klaus Wohlrabe told Reuters on Monday. Energy intensive industries are particularly pessimistic about the coming months and nearly two thirds of companies are concerned about supply bottlenecks, he said. (Reporting by Christina Amann; writing …

German economy facing recession, Ifo surveys head says Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Alphabet unit Google on Monday rebuffed a push by European telecoms operators to get Big Tech to help fund network costs, saying it was a 10-year-old idea that was bad for consumers and that the company was already investing millions in internet infrastructure. The comments by Matt Brittin, …

Google says shared network costs is 10-year-old idea, bad for consumers Read More »

(Reuters) – French media mogul Stephane Courbit and his investor partners are said to have offered 20 euros ($19) a share for Bertelsmann SE & Co.’s stake in television company Groupe M6, Bloomberg News reported on Sunday. The offer is a 39% premium to Friday’s closing price of 14.43 euros per share, and values the …

Courbit-led group offers 20 euros a share for M6 stake – Bloomberg News Read More »

(Reuters) – The president of the United Arab Emirates, Sheikh Mohammed bin Zayed al-Nahyan, has signed an agreement with German Chancellor Olaf Scholz that covers accelerating energy security and industrial growth, the state news agency (WAM) reported on Sunday. Abu Dhabi National Oil Company (ADNOC) signed an agreement to supply liquefied natural gas (LNG) to …

UAE signs energy agreement with Germany’s Scholz – state news agency Read More »

By Giulio Piovaccari and Giuseppe Fonte ROME (Reuters) – Mario Draghi’s outgoing government and Intel have picked the town of Vigasio in the northeastern Veneto region as their preferred site for a new multibillion-euro chip factory in Italy, two people familiar with the matter said. Intel’s investment in Italy is part of a wider plan …

Exclusive-Italy and Intel pick Veneto as preferred region for new chip plant Read More »

WARSAW (Reuters) – Poland expects to raise 13.5 billion zlotys ($2.75 billion) from a windfall tax on energy companies, the state assets minister said late on Saturday, with the money used to offset the impact of rising bills on households. Russia’s invasion of Ukraine has triggered a global energy crisis that has sent energy bills …

Poland to raise $2.75 billion with energy windfall tax, says minister Read More »