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By Brenna Hughes Neghaiwi, Christian Plumb and Brendan O’Boyle ZURICH/VIENNA/MEXICO CITY (Reuters) -Mexican retail giant and Coca-Cola bottler Femsa unveiled on Tuesday a 1.1 billion Swiss franc ($1.15 billion) cash takeover of Swiss kiosk operator Valora, part of the Mexican company’s plans to expand into a potentially lucrative European market. Femsa shares fell after the …

Mexico’s Femsa seeks Swiss chain Valora as part of European push Read More »

FRANKFURT (Reuters) – European power curve prices increased on Tuesday on uncertainty about gas supplies from Russia. The latest rises, with a risk of further increases, follow news that Germany is preparing to buy stakes in energy companies struggling with soaring prices of imported gas. “The (Dutch) TTF gas price continues to provide upside risk,” …

Curve lifted by gas market uncertainty Read More »

ATHENS (Reuters) – Greece will extend subsidies to power bills at a cost of more than 700 million euros in July to shore up households and businesses following many months of rising energy prices, its energy minister said on Tuesday. Greece, like many other EU countries, is wrestling with a sharp rise in power bills …

Greece launches more energy subsidies to curb ‘unbearable’ power costs-minister Read More »

LONDON (Reuters) – British Airways is cancelling more flights scheduled for the summer holiday season, it said on Tuesday, at a time of widespread disruption at airports caused by staff shortages and a surge in travel demand. The airline said it would now reduce its April-October schedule by 11%, having said in May the cuts …

British Airways cancels more summer flights amid travel disruption Read More »

MOSCOW (Reuters) – The rouble fell against the dollar to the lowest in two weeks on Tuesday, while shares in aluminium producer Rusal leapt as Russian businessman Vladimir Potanin hinted at a possible merger with mining giant Nornickel. At 0759 GMT, the rouble was 2.6% weaker against the dollar at 56.68, its weakest point since …

Russian rouble falls to 2-week low, Rusal shares leap on merger talk Read More »

By Kate Abnett BRUSSELS (Reuters) – A European Union plan to label investments in natural gas and nuclear power plants as climate-friendly faces a final vote on Wednesday when lawmakers decide whether to accept or reject proposals that have divided governments and investors. The vote is the final hurdle in the EU’s long-delayed decision on …

EU’s ‘green’ gas and nuclear investment rules head for final vote Read More »

By Foo Yun Chee BRUSSELS (Reuters) – The European Commission is planning measures to attract 45 billion euros ($47 billion) in private funding for “deep-tech” start-ups, those based on significant scientific or engineering advances, an EU policy document seen by Reuters showed. A new Listings Act planned for later this year will also cut the …

EU eyes $47 billion in private capital to fund deep-tech start-ups Read More »