OSLO (Reuters) – Equinor has scrapped plans to cut greenhouse gas emissions by connecting several offshore platforms to Norway’s onshore power grid, the company told the government on Friday, citing soaring costs. The oil and gas sector is Norway’s largest source of climate emissions, accounting for about a quarter of the total. Around 80% of …
Equinor drops offshore electrification plans over rising costs Read More »
By Bhanvi Satija and Maggie Fick LONDON (Reuters) -Wall Street is looking to U.S. drugmaker Eli Lilly and Anglo-Swedish rival AstraZeneca as the potential next in line after Pfizer struck a deal with Donald Trump’s administration to lower drug prices last week. Reuters spoke to seven healthcare analysts and investors. Four said Lilly could be …
Next medicine deal after Pfizer? Analysts, shares point to AstraZeneca, Eli Lilly Read More »
BRUSSELS (Reuters) -Financial guarantees EU members are likely to have to provide to cover a reparation loan to Ukraine should not count towards their deficit and debt targets, European Economy Commissioner Valdis Dombrovskis said on Friday. The European Commission has floated a plan to use Russian frozen assets to underpin a 140 billion euro ($162 …
EU will seek to exclude Ukraine loan guarantees from deficit calculations Read More »
FRANKFURT (Reuters) -A digital euro could drain up to 700 billion euros ($810.88 billion) in deposits during a run on commercial banks, pushing around a dozen euro zone lenders into a liquidity squeeze, a European Central Bank simulation showed on Friday. The study, requested by European legislators, was aimed at evaluating the risks that a …
Digital euro could drain up to 700 billion euros of deposits in bank run, ECB says Read More »
MOSCOW (Reuters) -Russian tank and railcar maker Uralvagonzavod will move part of its civilian-sector staff to a four-day working week amid weakening demand, the company’s press service told Russian media on Friday. The move comes as Russia’s biggest industrial companies, including automakers, mining and metallurgical companies, are putting employees on furlough or cutting staff as …
Russian railcar and tank maker cuts working week for civilian staff, media say Read More »
By Muvija M and Paul Sandle LONDON (Reuters) -Google could be forced to change its search operations in the UK after it became the first company subject to new powers from Britain’s competition regulator to tackle the dominance of Big Tech. Competition regulators have long had Alphabet-owned Google in their sights and Britain’s landmark ruling …
Google faces stricter regulation in UK over search dominance Read More »
BUDAPEST (Reuters) -Hungary’s oil company MOL will increase deliveries to Serbia after U.S. sanctions on the NIS refinery, Hungary’s Foreign Minister Peter Szijjarto said in a statement on Friday. The United States imposed sanctions on Serbia’s Russian-owned oil company NIS on Thursday, prompting neighbouring Croatia to cut crude supplies and raising concerns that the country’s …
Hungary’s MOL to increase deliveries to Serbia after US sanctions on NIS refinery Read More »
By Anastasia Lyrchikova MOSCOW (Reuters) -Russia’s Energy Ministry has proposed limiting dividend payouts by electricity companies in order to free up funds for a major infrastructure upgrade, according to a draft law seen by Reuters. The proposed move would apply to all Russian companies involved in electricity generation, transmission, and distribution.The companies currently set their …
Russian draft law would limit power firms’ dividends to make them invest more Read More »
(Reuters) -British postal company Royal Mail on Friday announced a partnership with TikTok Shop, allowing sellers on the social media platform’s e-commerce arm to access its delivery network, including parcel collection and drop-off services across the UK. (Reporting by DhanushVignesh Babu in Bengaluru; Editing by Mrigank Dhaniwala)
By Amanda Cooper LONDON (Reuters) -The pound fell to two-month lows on Friday, set for its biggest weekly fall since a rout in UK bonds in January, largely driven by a resurgent dollar, which has vaulted higher as political crisis unfolded in France and Japan, in particular. Sterling has lost 1.4% against the dollar this …
Sterling skids to two-month lows as dollar shines Read More »
