(Adds dropped word in headline) (Reuters) – Finnair will establish a strategic partnership with Qatar Airways to open up new routes from Nordic capitals to the Qatari capital Doha, the Finnish national carrier said on Monday. Finnair has been seeking new commercially-feasible routes since the closure of Russian airspace due to the war in Ukraine …
Finnair partners with Qatar Airways in search of new routes Read More »
STAVANGER, Norway (Reuters) -The world must continue to extract oil and gas in order to sustain civilisation, while also developing sustainable sources of energy, Tesla founder Elon Musk told reporters at a conference in Norway on Monday. “Realistically I think we need to use oil and gas in the short term, because otherwise civilisation will …
PRAGUE (Reuters) – High energy prices are a problem around Europe that need to be dealt with at a European level, Czech Prime Minister Petr Fiala said on Monday his the country prepares to call an emergency European Union energy summit. “I spoke this morning again with (European Commission) President Ursula von der Leyen,” Fiala …
High energy prices should be tackled at European level, Czech leader says Read More »
By Gram Slattery GEORGETOWN (Reuters) – Ever since Exxon Mobil found vast deposits of oil off Guyana’s coastline in 2015, government leaders have pledged that black gold would transform the fortunes of one of South America’s poorest countries. This year alone, the economy should grow 48%, the fastest rate on the planet, according to the …
Oil money is flooding into Guyana. Who will benefit? Read More »
LONDON (Reuters) – Around half the backers of Britain’s governing Conservative Party support renationalising the country’s energy industry, according to a survey published on Monday, as soaring energy prices put pressure on household budgets. The government has been facing growing calls to do more to help Britons facing energy bills which are set to jump …
Half of UK Conservative voters back renationalising energy firms -poll Read More »
By Anisha Sircar (Reuters) – European shares dropped on Monday, while bond yields surged as comments from central bank policymakers heightened fears of aggressive measures to stamp out inflation amid rising risks of a recession. The STOXX 600 index fell 0.9% to a more than one-month low, with interest rate-sensitive tech stocks tumbling 1.8%. Germany’s …
European shares drop as policymakers seek to tame hot inflation Read More »
STOCKHOLM/MOSCOW (Reuters) -Ericsson said on Monday it will gradually wind down business activities in Russia over the coming months as the Swedish telecoms equipment maker completes its obligations to customers. The company, which suspended its business in Russia indefinitely in April, said it has about 400 employees in Russia and would provide financial support to …
Ericsson to wind down business activities in Russia over coming months Read More »
By Sergio Goncalves LISBON (Reuters) – Around 60 flights were cancelled at Lisbon airport on Sunday, the last day of a strike by handling workers that has brought more disruption to summer travel at Portugal’s main airports since Friday, data from national airports operator ANA showed. Employees of handling company Portway are demanding better holiday …
Strike cancels 60 flights at Portugal’s Lisbon airport Read More »
PARIS (Reuters) -The French government plans to continue to work to curtail the effect of rising energy prices on households next year, Prime Minister Elisabeth Borne said in remarks published on Saturday. “We will maintain measures to soften the rise in energy prices and we will take specific measures to assist the most vulnerable,” Borne …
France to keep curbing hikes in households’ energy costs Read More »
By Balazs Koranyi JACKSON HOLE, Wyo. (Reuters) -Central banks around the world risk losing public trust and must now act forcefully to combat inflation, even if that drags their economies into a recession, European Central Bank board member Isabel Schnabel said on Saturday. Inflation is close to double-digit territory in many of the world’s top …
Central banks must tighten policy even into a recession, ECB’s Schnabel says Read More »
