Reuters UK Business

By Nora Buli OSLO (Reuters) -The first volumes of carbon dioxide (CO2) have been injected and stored as part of Norway’s Northern Lights carbon capture and storage (CCS) project, marking the start of operations, owners Shell, Equinor and TotalEnergies said on Monday. The CO2 is being stored in a reservoir 2,600 meters (8,530 ft) below …

Norway’s Northern Lights CCS project starts operations with first CO2 injected Read More »

FRANKFURT (Reuters) -Germany’s Lufthansa Group is seeking a tighter grip over its European subsidiaries such as Austrian Airlines and Swiss to improve efficiency, newspaper Handelsblatt reported on Monday. The units, which include Brussels Airlines, will cede control over supply capacity, network planning and sales to the group from the beginning of next year, the paper cited …

Lufthansa Group to tighten control over subsidiaries, Handelsblatt reports Read More »

(Corrects typographical error) (Reuters) -Keurig Dr Pepper on Monday said it will buy Dutch coffee company JDE Peet’s for 15.7 billion euros ($18.38 billion). ($1 = 0.8544 euros) (Reporting by Nilutpal Timsina in Bengaluru; Editing by Janane Venkatraman)

(Reuters) -A look at the day ahead in European and global markets from Wayne Cole. Asian markets have so far managed a cautious cheer for Fed Chair Jerome Powell’s seemingly dovish turn last week, with the Nikkei up and Chinese stocks extending their recent rousing run. Chinese blue chips have climbed almost 10% so far …

Morning Bid: The ‘Why’ matters for rallies, and rate cuts Read More »

(Reuters) -HSBC’s Swiss private bank has launched a cull of more than 1,000 wealthy Middle Eastern clients, as it faces scrutiny from regulators over high-risk customers, the Financial Times reported on Sunday. The bank will terminate its relationships with several customers from countries such as Saudi Arabia, Qatar, Lebanon and Egypt, many of whom have …

HSBC Swiss unit culls wealthy Middle Eastern clients amid regulator scrutiny, FT says Read More »

BELGRADE (Reuters) -Serbia’s government will order a cap on food and consumer goods profit margins as well as interest rates on cash loans from next week, populist President Aleksandar Vucic said on Sunday. The decrees aimed at raising living standards follow months of daily anti-corruption protests and inflation that rose to 4.9% in July, against …

Serbia to cap consumer goods profit margins and personal loan rates Read More »