LONDON (Reuters) – Steel demand growth in the European Union is expected to drop sharply this year as supply chain bottlenecks and soaring energy prices curb industrial operations, especially in the automotive sector, industry group Eurofer said on Friday. Apparent steel demand, which measures output of steel producers plus net imports minus net exports, is …
EU steel demand growth expected to slide in 2022, says Eurofer Read More »
(Reuters) – Italian scooter maker Piaggio reported on Friday a 27% rise in its 2021 preliminary revenues, as the group gradually rebounds from the negative effects of the COVID-19 pandemic. “We are witnessing a good increase in sales in all markets and this suggests a positive trend in revenues, despite the persisting challenges arising from …
Italy’s Piaggio posts 27% rise in preliminary full-year revenues Read More »
ZURICH (Reuters) – Airport ground services and air cargo operator Swissport has been hit by a ransomware attack that disrupted some operations, it said on Friday. On Thursday 22 flights were delayed by up to 20 minutes at Zurich Airport, a spokesperson said, adding that the group could not yet provide figures on the impact …
Hacker attack hits airport services provider Swissport Read More »
LONDON (Reuters) – Britain’s government would not echo calls from the Bank of England for wage restraint as it is not their responsibility, Prime Minister Boris Johnson’s spokesman said on Friday. Asked about remarks by Bank of England Governor Andrew Bailey, the spokesman said: “It’s not something that we would call for – it’s not …
Wage rises not for government to comment on, UK PM’s spokesman says Read More »
By Victoria Waldersee BERLIN (Reuters) – The European Union plans to toughen its method for measuring carbon dioxide emissions from plug-in hybrid cars, two sources familiar with the matter said, after criticism that current tests yield results up to four times below real-world emissions. The new methodology could mean some carmakers, who in 2021 sold …
European Union to toughen emissions test for hybrid cars -sources Read More »
(Reuters) -British energy supplier EDF Energy, owned by France’s EDF, is increasing prices for its standard variable tariff customers by 54% from April 1, in line with a rise on Britain’s price cap system, it said on Friday. Customers on EDF’s standard variable tariff paying by direct debit will see their dual-fuel bill increase by …
EDF Energy to raise energy bills by 54% after UK price cap decision Read More »
By Helena Soderpalm and Niklas Pollard STOCKHOLM (Reuters) -Automaker Volvo Cars and battery manufacturer Northvolt will build their joint battery plant in Gothenburg, western Sweden, the two companies said on Friday. The new 50-gigawatt-hour (GWh) plant will create up to 3,000 jobs and make battery cells specifically developed for use in pure electric Volvo and …
Northvolt, Volvo Cars pick Gothenburg for new battery plant Read More »
By Ron Bousso LONDON (Reuters) -Shell and its partners have made what the oil major described as an “encouraging” discovery in a closely-watched exploration well off the coast of Namibia, which could spark a wave of investment in the south African country. Shell said in a statement that results from the deep water Graff-1 well …
Shell makes ‘encouraging’ oil discovery offshore Namibia Read More »
By Anna Ringstrom STOCKHOLM (Reuters) -Assa Abloy, the world’s biggest lockmaker, reported better than expected fourth-quarter profit growth on Friday, as price hikes and stronger demand helped mitigate continued pandemic-related supply chain challenges. CEO Nico Delvaux said the Swedish group had raised prices again in January and would lift them further in February. If raw …
Lockmaker Assa Abloy’s profit jumps as price hikes help counter supply strains Read More »
PARIS (Reuters) -Steelmaker ArcelorMittal said the French government would support its green transition efforts which include investments in two sites in northern France, worth 1.7 billion euros ($1.95 billion). The company’s latest projects come as French President Emmanuel Macron’s governments looks to step up investments in northern France – traditionally an industrial heartland of the …
