KYIV (Reuters) – Ukraine’s 2022 grain harvest could total between 54.1 to 55.7 million tonnes compared with a record 86 million tonnes due to the Russian invasion which has reduced the harvested area, analyst APK-Inform said on Saturday. The consultancy said in a report that the harvest could include 19 million tonnes of wheat, 30 …
Analyst APK-Inform raises Ukraine’s 2022 grain crop forecast Read More »
WARSAW (Reuters) – Inflation in Poland could rise slightly in September, the country’s finance minister said on Saturday, adding that she still believed it would reach a peak this year. Poland is grappling with price growth that has surged to its highest level in a quarter of a century combined with a slowdown some economists …
Polish inflation could rise in September, finance minister says Read More »
By Joey Roulette PARIS (Reuters) – Sierra Space, a subsidiary of private aerospace contractor Sierra Nevada Corp, may go public or pursue other funding options that would accelerate the company toward its goal of building a space station, company executives told Reuters. No private company has built a space station. Sierra is working with Jeff …
Sierra Space weighs public offering to help fund space station, president says Read More »
By Jonathan Stempel NEW YORK (Reuters) – Barclays Plc was sued on Friday in a proposed U.S. class action in which shareholders claimed they were defrauded in connection with the British bank’s sale of $17.6 billion more debt than regulators had allowed. A complaint filed in the U.S. District Court in Manhattan by two Florida …
Barclays shareholders sue in U.S. over $17.6 billion debt sale blunder Read More »
DUBLIN (Reuters) – Ireland on Saturday almost doubled its budget surplus forecast for 2022 to 0.9% of gross domestic product thanks to booming corporate tax revenues, giving it extra resources to help consumers with inflationary pressures. The forecast was released ahead of the annual budget, which is due to be published next Tuesday, and the …
(Reuters) – Italy’s antitrust regulator on Friday blocked the sale of renewable energy group ERG’s 188 million-euro ($182.17 million) unit, that housed its gas and hydro power plants, on competition concerns, ERG said in a statement. ERG had agreed in February to sell the unit, called ERG Power, to utility Enel, as it looked to …
Italy’s antitrust body blocks ERG’s 188 million euro sale of gas, hydro plant to Enel Read More »
LONDON (Reuters) – Britain’s finance minister Kwasi Kwarteng denied a suggestion made in an interview on Friday with the Financial Times that there was a contradiction between the government and the Bank of England when it came to policy matters. In the interview, after laying out his mini-budget, Kwarteng said: “There have been two exogenous …
UK Chancellor denies that government is set to clash with the BoE -FT Read More »
By Jonathan Stempel NEW YORK (Reuters) – Deutsche Bank AG agreed to pay $26.25 million to settle a U.S. shareholder lawsuit accusing the German bank of lax oversight while doing business with risky, ultra-rich clients like Jeffrey Epstein and Russian oligarchs. The preliminary all-cash settlement filed on Friday in federal court in Manhattan requires approval …
By Krisztina Than BUDAPEST (Reuters) – Hungary’s government submitted a second batch of anti-corruption bills to the country’s parliament on Friday as Budapest ramps up efforts to avoid a loss of vital European Union funding that could damage its currency and economy. The EU’s executive on Sunday recommended suspending funds worth 7.5 billion euros over …
Hungary submits new anti-graft bills to avoid loss of EU funds Read More »
By Kate Abnett BRUSSELS (Reuters) – Investments of more than half a trillion euros will be needed to modernise Europe’s energy grid this decade, if countries are to succeed in ramping up wind and solar power to break free from Russian gas, a draft EU document showed. The European Commission is set to publish next …
EU’s green shift depends on mammoth investment in energy grid – draft Read More »
