By Kate Abnett, Charlotte Van Campenhout and Julia Payne BRUSSELS (Reuters) – The EU is sticking to its deadline to phase out Russian oil and gas imports by 2028, EU Energy Commissioner Dan Jorgensen said on Thursday after a meeting with U.S. Energy Secretary Chris Wright. The EU is negotiating legal proposals to completely phase …
EU sticks to 2028 Russian gas exit after talks with US energy chief Read More »
LONDON (Reuters) -British energy supplier EDF said on Thursday it has partnered with Fidra Energy to manage and optimise two battery storage units at a site in Yorkshire which will provide 560 megawatts of storage capacity by 2027. Built by Fidra Energy on the site of a former coal power station and next to a …
UK energy supplier EDF partners with Fidra Energy to manage two battery storage units Read More »
VIENNA (Reuters) -Austrian prosecutors on Thursday accused the founder of the collapsed Signa property group, Rene Benko, of hiding watches and other valuables worth hundreds of thousands of euros in a safe so they could not be recovered to repay creditors. The Central Prosecutors’ Office for Economic Crimes and Corruption (WKStA) said in July it …
Austrian prosecutors accuse property tycoon Benko of hiding luxury watches Read More »
(Reuters) – Marks & Spencer’s chief digital and technology officer is stepping down from her role, months after a cyberattack crippled its online operations, the British retailer said on Thursday. An M&S spokesperson said that Rachel Higham, who joined the group last June, was taking a career break. “Rachel has decided to take a break …
M&S digital chief exits months after damaging hack Read More »
LONDON (Reuters) – The European Central Bank left interest rates unchanged on Thursday as expected but offered no clues about its next move, even as investors continue to bet that more support will be needed as inflation dips below target next year. Inflation is now seen at 1.9% in 2027, below the 2.0% projected in …
Instant View: ECB holds rates steady at 2%, lowers inflation forecasts Read More »
By Pietro Lombardi MADRID (Reuters) -Mismanagement of a large solar plant in southwestern Spain made the country’s power system more vulnerable on April 28, when a massive blackout hit the Iberian Peninsula, according to the chair of Redeia, owner of grid operator REE. The outage paralyzed large areas of Spain and Portugal for hours and …
Solar plant mismanagement made Spain’s grid more vulnerable on blackout day, Redeia says Read More »
(Reuters) – Following is the text of European Central Bank President Christine Lagarde’s statement after the bank’s policy meeting on Thursday: Link to statement on ECB website: Good afternoon, the Vice-President and I welcome you to our press conference. The Governing Council today decided to keep the three key ECB interest rates unchanged. Inflation …
By Conor Humphries DUBLIN (Reuters) – Ryanair boss Michael O’Leary warned on Thursday that the Russian war in Ukraine would cause travel disruption for European airlines for years to come, a day after Poland shot down suspected Russian drones in its airspace. Speaking at the company’s annual general meeting, O’Leary also said that Ryanair, Europe’s …
Ryanair warns of years-long impact on European travel from Russian drones Read More »
By Alex Lawler LONDON (Reuters) – World oil supply will rise more rapidly this year and a surplus could expand in 2026 as OPEC+ members increase output and supply from outside the group grows, the International Energy Agency said on Thursday, in contrast to OPEC’s own updated outlook. Supply will rise by 2.7 million barrels …
World oil market to see higher surplus after OPEC+ hike, IEA says Read More »
(Reuters) -Slovakia cannot support more European Union sanctions against Russia until it gets EU proposals to align climate targets with the needs of carmakers and heavy industry, Prime Minister Robert Fico said on Thursday. Fico also demanded measures to tackle electricity prices in the bloc. The EU is debating a 19th package of sanctions against …
Slovak leader Fico sets conditions for backing more Russia sanctions Read More »
