OSLO (Reuters) – Norway’s largest power producer Statkraft is seeking to expand the capacity of its Mauranger hydropower plant in western Norway by 630 megawatt in a bid to increase flexible power generation, it said late on Tuesday. The licence application request sent to the Norwegian Water Resources and Energy Directorate (NVE) seeks to increase …
Statkraft plans large expansion of western Norway hydropower plant Read More »
STOCKHOLM (Reuters) -German automotive supplier SAF Holland said it was offering 3.2 billion Swedish crowns ($325 million) in cash for all the shares it does not own in Stockholm-listed Haldex, sending shares in the brakes maker surging more than 40%. Haldex said its board unanimously recommended the bid, calling the 66 crowns per share offer …
Haldex shares soar as SAF Holland bids $325 million Read More »
By Sabrina Valle, Marwa Rashad and Ron Bousso HOUSTON (Reuters) -Qatar has picked Exxon Mobil Corp, TotalEnergies SE, Shell and ConocoPhillips as partners in the expansion of the world’s largest liquefied natural gas (LNG) project, people with knowledge of the matter said on Tuesday. The North Field expansion will boost Qatar’s LNG output by 64% …
Qatar picks Exxon, Total, Shell, Conoco for mega-LNG expansion – sources Read More »
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told senators on Tuesday that she expected inflation to remain high and the Biden administration would likely increase the 4.7% inflation forecast for this year in its budget proposal. During a Senate Finance Committee hearing, Yellen said that the United States was …
Yellen says inflation to stay high, Biden likely to up forecast Read More »
By Sabrina Valle HOUSTON (Reuters) – Europe’s plan to double down on renewable fuels in response to rising fuel costs could have the unintended short-term effect of increasing prices and slow down the energy transition, Chevron Corp Chief Executive Michael Wirth said on Tuesday. “That can erode the public support that will be necessary for …
High fuel prices could erode public support for energy transition, Chevron CEO says Read More »
(Reuters) – The U.S. Food and Drug Administration approved the use of Sanofi and Regeneron Pharmaceuticals Inc’s anti-inflammation drug Dupixent to treat eczema in young children, the two companies said on Tuesday. (Reporting by Bhanvi Satija and Leroy Leo in Bengaluru; Editing by Sriraj Kalluvila)
By Gabriela Baczynska BRUSSELS (Reuters) -European Union negotiators agreed late on Tuesday to the bloc’s first-ever quota for women on corporate boards, lawmakers said, a bid to boost representation and improve gender equality in the bloc of 450 million people. The law obliges listed companies in all 27 EU member countries to have women take …
EU sets board quotas for women by mid-2026, lawmakers say Read More »
By Jonathan Stempel NEW YORK (Reuters) -The former Hollywood movie producer Harvey Weinstein, now in prison after being convicted of sex crimes, on Tuesday sued the U.S. business of Fiat Chrysler Automobiles over a 2019 crash in which he flipped a Jeep Wrangler while trying to avoid a deer. Weinstein is seeking $5 million in …
Harvey Weinstein sues Stellantis’ Chrysler unit over 2019 Jeep crash Read More »
By Allison Lampert (Reuters) -A leading airline industry official on Tuesday blasted British politicians for criticizing long airport lines and canceled flights once COVID-19 cases eased and in turn assailed Prime Minister Boris Johnson’s own response to the pandemic. “You look at the UK, Boris Johnson, he highlights one of the reasons why he should …
Boris Johnson’s COVID response ‘a joke,’ irked airline chief says Read More »
WARSAW (Reuters) – A Warsaw court will look into the takeover of newspaper publisher Polska Press by state-controlled refiner PKN Orlen on Tuesday, after the human rights ombudsman, fearing restricted media freedom, appealed against an earlier approval. Critics have said the acquisition of Polska Press from a German media group is part of a drive …
Court looks into Polska Press takeover by oil giant PKN Orlen Read More »
