By Andres Gonzalez and Pietro Lombardi LONDON/MADRID (Reuters) -Talks for Saudi state oil giant Aramco to buy a minority stake in Spanish energy firm Repsol’s renewables unit have hit an impasse, two sources familiar with the matter told Reuters. The talks over the potential 1 billion euro ($1.2 billion) investment have reached a dead end, …
ROME (Reuters) -Giorgia Meloni’s government expects Italy’s economy to grow by 0.5% this year and 0.7% in 2026 under an unchanged policy scenario, people close to the matter told Reuters ahead of official publication of the new forecasts next week. The forecasts, still subject to possible marginal changes before their publication, do not include the …
Italy sees trend growth at 0.5% this year, 0.7% in 2026 Read More »
LONDON (Reuters) -Amazon.com said it planned to close all of its 19 Amazon Fresh UK convenience grocery stores, of which five would be converted to its Whole Foods Markets brand, less than five years after it entered the market. Amazon Fresh pioneered “walk out” technology in Britain, enabling customers to skip the checkout line when …
Amazon.com to close all of its Amazon Fresh UK stores Read More »
(Reuters) -Specialty chemicals maker Lanxess will offer to sell all of its 40.94% stake in Envalior to its joint venture partner, an investment company of Advent International, it said on Tuesday. Lanxess said in a statement it had agreed to a base purchase price of around 1.2 billion euros ($1.42 billion) for the tendered shares. …
Chemicals maker Lanxess to sell its shares in Envalior in 2026 Read More »
PARIS/MILAN (Reuters) -Stellantis will temporarily halt production at its Poissy plant in France and Pomigliano in Italy, starting from the end of September and for up to three weeks, because of weak market demand in Europe. Production would be stopped in Pomigliano, near Naples, from September 29 to October 6 for the Fiat Panda small …
Stellantis to halt production in Poissy and Pomigliano plants due to weak demand Read More »
By William Schomberg and Suban Abdulla (Reuters) -Bank of England Chief Economist Huw Pill, one of the Monetary Policy Committee members who has been most concerned about inflation, said on Tuesday that he was more comfortable with the outlook for price pressures in Britain than he was earlier this year. “It’s always a question of …
BoE hawk Pill says he is more comfortable on inflation risk Read More »
DUBLIN (Reuters) -Kingspan has begun working on an initial public offering of 25% of its data-centre focused ADVNSYS business in a deal tapping into booming demand for data storage that could leave the Irish building materials manufacturer debt-free. The initial public offering of ADVNSYS, which produces bespoke critical infrastructure such as ventilation and daylighting, would …
Ireland’s Kingspan plans Amsterdam IPO for data-centre focused unit Read More »
MOSCOW (Reuters) -Russian Deputy Energy Minister Pavel Sorokin said on Tuesday that further restrictions on fuel exports are possible if needed, the Interfax news agency reported. Russia has extended a gasoline exports ban until the end of September and the authorities have said the restrictions could be extended into October if the shortages persist. The …
Russia says further restrictions on fuel exports are possible if needed, Ifax reports Read More »
By Louise Rasmussen and Stine Jacobsen COPENHAGEN (Reuters) -Orsted shares rose on Tuesday after a U.S. federal judge ruled it could resume work on an almost completed offshore wind project in the United States, delivering a win for an industry under sustained attack from President Donald Trump. But the victory may prove short-lived, as analysts …
Orsted court win against Trump lifts wind farm maker’s shares Read More »
(Refiles to add “WRAPUP 1” to headline, no changes to text) FRANKFURT (Reuters) -Euro zone economic growth continues to hold up as Germany’s budget largesse props up sentiment and offsets turmoil in France, but more weakness may be ahead as U.S. tariffs start to exert their full effect, key data showed on Tuesday. The euro …
Europe to succumb to slowdown driven by tariffs, French turmoil, reports show Read More »
