LONDON (Reuters) – Britain must continue to support the oil and gas sector to meet its net zero commitments whilst protecting jobs, business department minister Greg Hands said on Wednesday. “Continued support for Britain’s oil and gas sector is not just compatible with our net zero goals, it is essential if we’re to meet the …
UK says support for oil and gas essential for net zero transition Read More »
LONDON (Reuters) – Amazon’s food retail business in Britain faces increased regulation after the competition watchdog said rules setting out how grocers should treat their suppliers will now apply to the U.S. giant. The Competition and Markets Authority (CMA) said on Wednesday that due to Amazon’s increasing activity in the UK grocery sector it must …
Amazon must adhere to UK supplier rules after grocery turnover tops 1 billion pounds Read More »
BUDAPEST (Reuters) – The National Bank of Hungary’s (NBH) decision to raise interest rates by a larger-than-expected 50 basis points last month was backed by all rate-setters, the bank said in the minutes of its Jan. 25 policy meeting published on Wednesday. “The Monetary Council (will) continue the cycle of interest rate hikes until the …
Hungary cbank raised interest rates in unanimous Jan vote -minutes Read More »
LONDON (Reuters) – British households’ confidence about their financial outlook fell last month to its lowest in more than eight years as inflation soared and people felt less secure about their jobs, according to a survey published on Wednesday. Polling company YouGov and economic consultancy Cebr’s index of households’ expectations for their financial situation in …
Financial gloom deepens for UK households – YouGov/Cebr Read More »
AMSTERDAM (Reuters) – Heavy investment is needed to increase capacity in the semiconductor industry and there is no immediate danger of oversupply, the CEO of Dutch semiconductor equipment maker ASML said on Wednesday. In ASML’s annual report published on Wednesday CEO Peter Wennink said plans by the China, the European Union, Japan, South Korea and …
By Victoria Waldersee BERLIN (Reuters) -Germany must focus on existing climate goals and invest further in infrastructure for electric vehicles to protect its position in the global auto industry amid growing competition, including from Chinese players, its auto assocation VDA said on Wednesday. “We don’t need more and more climate goals. The current ones are …
Germany must focus on current climate goals, protect global position – auto association Read More »
DUBAI (Reuters) – Qatar is set to raise in March the price differential of its crude grades relative to the average price of the Dubai and Oman benchmarks, state producer Qatar Energy said on Wednesday. Qatar Marine will be sold in March at a premium of $2.20 per barrel over the Dubai/Oman average, while Qatar …
Qatar raises March crude oil price differentials vs Dubai/Oman Read More »
By Pushkala Aripaka and Ludwig Burger (Reuters) -Britain’s GSK forecast growth in 2022 after racking up 1.4 billion pounds ($1.9 billion) in COVID-related sales in 2021, beating quarterly forecasts in its first earnings report since rejecting Unilever’s bid for its consumer arm. The results underscore a comeback for GSK in the race to help fight …
GSK sees sales growth in 2022 after quarterly beat, prepares for spin-off Read More »
ZURICH (Reuters) -Credit Suisse Vice Chair Severin Schwan will face opposition from some major shareholders if he stands for re-election to the board of the embattled Swiss bank in April, the Financial Times reported on Wednesday. The FT said the investors were concerned about Schwan leading pharmaceuticals and diagnostics group Roche, where he is chief …
Credit Suisse vice chair faces re-election opposition -FT Read More »
FRANKFURT (Reuters) – Siemens Energy Chief Executive Christian Bruch declined to comment when asked if the company was planning to buy out minority shareholders of Spain-based wind turbine maker Siemens Gamesa, in which Siemens Energy owns 67%. “I would stick with a no comment,” Bruch said during a conference call with analysts after first-quarter results. …
Siemens Energy CEO declines to comment on potential wind unit buyout Read More »
