SCHLOSS ELMAU, Germany (Reuters) -British Prime Minister Boris Johnson said on Sunday it was reasonable to consider ways of protecting British steelmakers against surging energy costs which are less of a problem for their competitors from other countries. “We have a system in the UK where we don’t privilege our industry in the way that …
UK’s Johnson says he wants to protect steelmakers from energy costs Read More »
BERLIN (Reuters) – Europe will mobilize 300 billion euros in private and public funds over five years to fund infrastructure in developing countries as part of the G7’s drive to counter China’s multitrillion-dollar Belt and Road project, European Commission President Ursula von der Leyen said on Sunday. “It is up to us to give a …
Europe must give developing nations alternative to Chinese funds – EU’s von der Leyen Read More »
By Philip Blenkinsop SCHLOSS ELMAU, Germany (Reuters) -The European Union gave a cautious response on Sunday to plans by fellow G7 members to ban imports of Russian gold, and said it needed more certainty before signing up to a U.S. initiative to cap the price of Russian oil. G7 leaders met in southern Germany for …
EU cautious on Russia gold ban, oil price cap – Michel Read More »
PRAGUE (Reuters) – Czech Finance Minister Zbynek Stanjura said on Sunday he wanted to keep the 2022 state deficit from rising above 330 billion crowns ($14.1 billion) in a budget amendment being worked up to take in the impact of war in Ukraine and soaring prices. The war in Ukraine has led to a downturn …
Czech finance minister seeks to keep 2022 budget deficit below $14.1 billion Read More »
JERUSALEM (Reuters) – Azrieli Group is buying an unnamed London data centre operator for 52 million pounds ($64 million), the Israeli real estate developer said on Sunday. The centre has lease agreements with customers for an average term of about five years, Azrieli. Azrieli, one of Israel’s largest mall operators, also said it was buying …
Israel’s Azrieli expands data centre business with London deal Read More »
PARIS (Reuters) -The heads of France’s big energy companies on Sunday urged individuals and businesses to limit power consumption immediately to prepare for a looming energy crisis. “We need to work collectively to reduce our consumption in order to regain room to manoeuvre,” the chief executives of Engie, EDF and Total said in an open …
French energy giants urge consumers to cut energy use Read More »
By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised “quickly and decisively” to prevent the surge in inflation turning into something even more problematic. The Swiss-based BIS has held its annual meeting in recent days, where top central …
Banking body BIS urges decisive wave of global rate hikes to stem inflation Read More »
BERLIN (Reuters) – Germany will allow the entry of foreign workers to fill staff shortages at the German airports as a temporary solution, Bild am Sonntag reported on Sunday, citing the interior, transport and labour ministers. Airport operators across Europe, including Germany, have been struggling with staff shortages to handle the flow of passengers as …
LONDON (Reuters) – British Prime Minister Boris Johnson is seeking tighter quotas for steel imports from emerging economies to protect domestic producers, a move which could breach international trade rules, the Sunday Telegraph newspaper reported. “The Prime Minister is preparing to hit several developing countries with new ‘safeguard’ import limits designed to protect UK manufacturers …
UK may target more emerging nations with steel quotas – Sunday Telegraph Read More »
AMSTERDAM (Reuters) – Dutch natural gas storage facilities have been filled to 50% of their capacity, data from Gas Infrastructure Europe showed on Saturday, about two months earlier than in 2021 and helping prepare for peak winter demand. Filling accelerated in May when the Dutch government offered a 400 million euro ($422 million) subsidy for …
Dutch natural gas storage facilities 50% filled for winter Read More »
