MOSCOW (Reuters) -As much as $250 billion worth of Russian assets have been frozen in the European Union since the U.S. and its allies prohibited transactions with Russia’s central bank and finance ministry following Russia’s full-scale invasion of Ukraine in 2022. Reuters reported this week that the European Union is discussing a plan to repurpose …
Factbox-What and where are Russia’s frozen assets in the West? Read More »
By John Revill ZURICH (Reuters) -Roche Chief Executive Thomas Schinecker and other senior executives from the Swiss pharmaceuticals industry will meet with the government on Monday to discuss the threat U.S. tariffs pose to the crucial export sector. Washington has imposed a 39% tariff – among the steepest of any country targeted during President Donald …
Roche CEO, pharma execs to meet with Swiss government over US tariffs Read More »
SAO PAULO (Reuters) -The European Union will reopen its market to Brazil’s chicken meat, lifting a ban imposed in May after a bird flu outbreak in Rio Grande do Sul state, Brazil’s agriculture ministry said in a statement on Monday. The EU plans for a phased resumption starting Tuesday, the ministry said. All Brazilian regions …
EU to reopen market for Brazil’s chicken meat after bird flu outbreak Read More »
SAN SEBASTIAN (Reuters) -Bayer Chief Executive Bill Anderson said the company is making “remarkable progress” in overcoming longstanding challenges, including a weak drug development pipeline, after an internal management overhaul. Speaking at a press event in San Sebastian, Spain, Anderson said Bayer had fundamentally redesigned itself and was on track to overcome years of crisis, …
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By SimonFerdinand Eibach and Rachel More BERLIN (Reuters) -Investors punished German sports car brand Porsche on Monday after the firm, caught between its iconic gas guzzlers and a shift to electric vehicles, warned that its profits this year would be hurt by delays in its EV roll-out. Porsche’s shares slumped over 7% on Monday after …
Porsche caught between a slowing China, EV road bumps, and Trump Read More »
By Rachna Uppal ABU DHABI (Reuters) -United Arab Emirates real estate developer Arada has acquired a 75% stake in British developer Regal, it said on Monday, marking its second international foray after launching its Australia business last year. Arada has committed an initial 2.5 billion dirhams ($680.70 million) to acquire privately held Regal, which has …
UAE developer Arada acquires Britain’s Regal in diversification push Read More »
By Maria Martinez and Andreas Rinke BERLIN (Reuters) -German Chancellor Friedrich Merz has appointed veteran German banker Martin Blessing as the government’s commissioner for foreign investment, stepping up efforts to attract international capital. In a statement, Merz said that Blessing, who was CEO of Commerzbank from 2008 to 2016, had an outstanding network of international …
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AMSTERDAM (Reuters) -Dutch airline KLM will cancel 119 flights on Wednesday due to another strike by parts of its ground crew at Amsterdam’s Schiphol airport, a spokesperson for the Dutch arm of airline group Air France KLM said on Monday. (Reporting by Bart Meijer, Editing by Charlotte Van Campenhout)
PARIS (Reuters) -French utility EDF posted a strike notice on Monday for its hydro sector between 0900-1230 GMT on Tuesday. Recent strikes at the utility’s power plants have had limited impact on electricity production. (Reporting by Forrest Crellin, Editing by Louise Heavens)
By Timothy Gardner WASHINGTON (Reuters) -Italian energy company Eni said on Monday it struck a more than $1 billion power purchase with Commonwealth Fusion System’s project in Virginia that the companies hope by the early 2030s will generate electricity through the reaction that fires the sun. Eni agreed to buy power from the 400-megawatt (MW) …
Eni strikes more than $1 billion power deal with US fusion firm Commonwealth Read More »
