LONDON (Reuters) – The frontrunner to become British prime minister next month, Liz Truss, would ensure people get the support needed to get through tough times, a campaign spokesperson said on Friday after energy regulator Ofgem announced an 80% rise in bills. “Today’s announcement will cause grave concern to many people across the UK who …
(Reuters) – The Russian rouble opened flat in trading on Friday as month-end tax payments by exporters helped keep the currency hovering around the benchmark 60-level against the U.S. dollar. The Russian currency was unchanged against the dollar at 60.13 at 0723 GMT, and had slipped 0.3% against the euro to trade at 59.74. The …
Russian rouble opens flat, sticks to 60-mark against U.S. dollar Read More »
BERLIN (Reuters) – Sentiment among German exporters fell for the third month in a row in August as high gas prices and a weak global economic environment weigh on the outlook, said a survey on Friday. The Ifo institute’s index of exporter expectations fell to -2.7 in August from -0.4 points in July. While a …
Sentiment among German exporters falls for third month in a row -Ifo Read More »
By Eva Mathews and Krystal Hu (Reuters) -Shares of Micro Focus soared more than 90% on Friday after Canadian software company OpenText agreed to buy the enterprise software maker in an all-cash deal valuing the British company at $6 billion including debt. In a push to expand its enterprise information management business, OpenText said on …
UK’s Micro Focus shares nearly double after Canada’s OpenText agrees $6 billion takeover Read More »
By Nia Williams and Steve Scherer OTTAWA (Reuters) – German Chancellor Olaf Scholz visited Canada this week, hoping a democratic G7 ally would one day ship his country liquefied natural gas to replace Russian gas imports, but the response he got from the world’s fifth-largest producer was not to count on it. Environmental and regulatory …
Winter is coming but Germany’s Scholz leaves Canada with no promises for LNG Read More »
HOUSTON (Reuters) -Most of the units at BP Plc’s 435,000 barrel-per-day Whiting, Indiana, refinery were out of production on Thursday following a Wednesday night fire, said sources familiar with plant operations. The company has said some units were shut by the electrical fire and those units would be restarting. The timing of the restart had …
Most of BP’s Whiting refinery units shut following fire -sources Read More »
LONDON (Reuters) -French water and waste business Veolia said on Thursday it was well on the way to addressing UK concerns over its merger with rival Suez, after Britain’s competition watchdog ordered it to sell three parts of the combined UK business. Britain’s Competition and Markets Authority (CMA) said its decision would “protect councils and …
Veolia says addressing UK competition concerns over Suez deal Read More »
HAMBURG (Reuters) – German services sector trade union Verdi will aim to at the very minimum gain compensation for soaring inflation in upcoming wage negotiations in the public sector, with Deutsche Post and in retail, union chief Frank Werneke said on Thursday. It is especially important for medium- and low-income groups that were the worst …
German union Verdi: Next wage deals should at least compensate for inflation Read More »
SCHEVENINGEN, Netherlands (Reuters) – Wind turbines, floating solar panels, and green hydrogen at sea are among the projects under construction off the Dutch coast, as a country famed for its water engineering prowess builds out its renewable energy infrastructure. On a tour of North Sea facilities on Aug. 25, companies and Dutch utilities showed off …
Dutch build out North Sea wind farms, test floating solar panels Read More »
By Gus Trompiz PARIS (Reuters) – The European Commission on Thursday cut its forecast for this year’s maize harvest in the European Union by 10%, the second steep cut in a row amid severe drought. The Commission reduced its projection of usable maize (corn) production in the EU in 2022/23 to 59.3 million tonnes, down …
EU slashes maize crop forecast again, increases wheat harvest estimate Read More »
