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By Nina Chestney (Reuters) – Europe faces massive increases in energy bills driven by rocketing gas prices as the Ukraine conflict and European sanctions on Russia heighten concerns over gas supplies. Here are some of the policies Britain and European Union member states have announced to help shield consumers (in alphabetical order): BRITAIN Britain has …

Factbox-Europe’s efforts to shield households from soaring energy costs Read More »

By Valentina Za and Elvira Pollina CERNOBBIO, Italy (Reuters) – Italy cannot afford weeks of political inertia after an election this month, business chiefs said, adding that sky-high energy prices are already forcing more and more firms to curtail production. Gathered on the shores of Lake Como for the annual Ambrosetti Forum this weekend, business …

No time to waste, worried Italian business leaders warn politicians Read More »

CERNOBBIO, Italy (Reuters) – A buyout of Italian infrastructure group Atlantia by the Benetton family and U.S. fund Blackstone Inc could be completed by the end of the year, Atlantia’s chairman said on Sunday. The bidders proposed a 58 billion euro ($57.7 billion) offer in April to take the airport and motorway operator private but …

Atlantia chairman aims for buyout to be sealed this year Read More »

LONDON (Reuters) – Foreign minister Liz Truss is a “great believer” in the independence of the Bank of England and its responsibility to determine policy on inflation, she said on Sunday. Truss, favourite to be named leader of the governing Conservative Party and Britain’s next prime minister on Monday, had raised concerns in a leadership …

UK’s Truss a ‘great believer’ in Bank of England independence Read More »

PARIS (Reuters) – French transport giant CMA CGM is creating a five-year investment fund of 1.5 billion euros ($1.5 billion) aimed at accelerating its energy transition in shipping and logistics, it said on Sunday. The fund will support industrial production of new fuels and low-emission transport solutions across the group’s businesses, including maritime, overland and …

Transport group CMA CGM launches $1.5 billion energy fund Read More »

By Elvira Pollina CERNOBBIO, Italy (Reuters) -Italy wants a stronger national telecoms network, Innovation Minister Vittorio Colao said on Saturday, adding this could be achieved by merging Telecom Italia (TIM) and Open Fiber assets as long as competition in the sector is maintained. “What we’re keen on is a national telecoms infrastructure ensuring great performance …

Italy’s Colao welcomes single network deal if competition preserved Read More »