By Christian Kraemer and Christoph Steitz BERLIN/FRANKFURT (Reuters) -Germany will step up lending to energy firms at risk of being crushed by soaring gas prices, it said Tuesday, as Europe readied proposals to help households and industry cope with an energy crisis. The European Commission will on Wednesday announce targets to cut electricity consumption and …
By Bansari Mayur Kamdar, Johann M Cherian and Aniruddha Ghosh (Reuters) -UK’s main equity indexes fell on Tuesday, echoing weak sentiment on Wall Street, as hotter-than-expected U.S. inflation data raised fears of larger interest rate increases to offset surging prices. The blue-chip FTSE 100 dropped 1.2% to snap a three-session gaining streak, while the domestically …
UK stocks close lower, hit by Wall St selloff on inflation data Read More »
LONDON (Reuters) – Sterling tiptoed up on Tuesday as the dollar softened ahead of U.S. data that could show inflation beginning to peak, paving the way for less aggressive interest rate hikes by the Federal Reserve. The dollar’s hesitancy gave some respite to the pound, which has been battered in recent months by a drumbeat …
Sterling creeps higher despite downbeat data as dollar wavers Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet unit Google faces damages claims for up to 25 billion euros ($25.4 billion) over its digital advertising practices in two suits to be filed in British and Dutch courts in the coming weeks by a law firm on behalf of publishers. Google’s adtech has recently drawn scrutiny …
Google faces $25.4 billion damages claims in UK, Dutch courts over adtech practices Read More »
BERLIN (Reuters) – The prospect of energy shortages in winter has made the expectations of large parts of the German industry even more negative, said the ZEW economic research institute on Tuesday. “Together with the more negative assessment of the current situation, the outlook for the next six months has deteriorated further,” said ZEW President …
German industry’s expectations gloomy on possible energy shortage – ZEW Read More »
By Victoria Waldersee BERLIN (Reuters) -A lawsuit accusing Mercedes-Benz of infringing on people’s freedoms by exacerbating climate change was dropped by the Stuttgart district court on Tuesday but the German climate NGO behind the case said it planned to appeal. The case brought by NGO Deutsche Umwelthilfe (DUH) marked the first by individual citizens in …
Mercedes-Benz climate case dropped by German court, appeal planned Read More »
LONDON (Reuters) – British supermarket group Sainsbury’s said on Tuesday it would raise pay for its workers again as competition to attract and retain staff hots up in a tight labour market. The UK’s second largest grocer said 127,000 hourly paid workers will get a 25 pence per hour increase from October. Sainsbury’s said the …
(Removes reference to investor in second bullet point) By Simon Jessop LONDON (Reuters) -Climate-focused venture firm Energy Impact Partners (EIP) has launched its first European fund, raising 390 million euros ($392.03 million) from investors including the Abu Dhabi Investment Authority, its co-managing partner told Reuters. EIP, which manages around $2.5 billion in assets, said the …
Energy Impact Partners gets ADIA, Microsoft backing for first European fund Read More »
By Shreyashi Sanyal (Reuters) -European shares rose for a fourth straight session on Tuesday, with Aveva jumping on a report that France’s Schneider was nearing a deal to buy out the company. The pan-European STOXX 600 index had risen 0.3% by 0825 GMT, touching levels not seen in more than two weeks. Shares of British …
European shares rise as deal cheer lifts Aveva, Schneider Read More »
By Joey Roulette WASHINGTON (Reuters) -A rocket from Jeff Bezos’ space company Blue Origin failed mid-flight shortly after liftoff on Monday, aborting its cargo capsule to safety before crashing into the Texas desert, according to the company and a live video stream of the mission. Without any humans on board, the rocket lifted off from …
Bezos’ Blue Origin suffers rocket failure during uncrewed mission Read More »
