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Portugal to invest $466 million to boost grid management, battery storage after outage

28 Jul 2025

By Sergio Goncalves LISBON (Reuters) -The Portuguese government plans to invest up to 400 million euros ($466 million) to improve grid management and boost battery storage following a massive blackout across Spain and Portugal in April. Energy Minister Maria da Graca Carvalho said on Monday about 137 million euros of the investment would go towards …

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Dollar stablecoins threaten Europe’s monetary autonomy, ECB blog argues

28 Jul 2025

FRANKFURT (Reuters) -The dollar’s early dominance of stablecoins gives the U.S. an advantage that could ultimately push up borrowing costs for Europe, reduce the ECB’s autonomy and increase geopolitical dependency on the U.S., an ECB blog post argued on Monday. Stablecoins, crypto assets pegged to a currency such as the dollar, have gained popularity in …

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Exclusive-EQT to acquire software provider Neogov for more than $3 billion, sources say

28 Jul 2025

By Milana Vinn NEW YORK (Reuters) -Investment firm EQT has agreed to acquire Neogov from its private equity owners, valuing the human resources software provider at more than $3 billion including debt, three people familiar with the matter said on Monday. Warburg Pincus, the majority owner of Neogov, and Carlyle, which owns about a third …

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EU regulators seek feedback on Prosus’ offer to sell down Delivery Hero stake

28 Jul 2025

By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators are seeking feedback from third parties on Prosus’ offer to slash its Delivery Hero stake to below 10% to address EU concerns about its 4.1 billion euro ($4.77 billion) Just Eat Takeaway deal, a person with direct knowledge of the matter said on Monday. Amsterdam-headquartered Prosus …

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Transfers with rouble-backed crypto coin pass $40 billion after July spike, researchers say

28 Jul 2025

By Alexander Marrow and Elizabeth Howcroft LONDON/PARIS (Reuters) -A rouble-backed stablecoin that could help Russia circumvent Western restrictions on payments has seen a jump in transaction volumes in July, with funds moved through the coin surging past $40 billion in total, blockchain research firm Elliptic said on Monday. Sweeping Western sanctions since Russia’s February 2022 …

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German government to approve 2026 budget with record investment and borrowing surge, sources say

28 Jul 2025

By Maria Martinez BERLIN (Reuters) -The German government will on Wednesday back a 2026 draft budget which includes record investment of 126.7 billion euros and borrowing of 174.3 billion euros as part of its fiscal bazooka for infrastructure and defence, finance ministry sources said. Germany is throwing off decades of fiscal conservatism in the hope …

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Vatican reports 35.5% increase in profit from holdings for 2024

28 Jul 2025

By Joshua McElwee VATICAN CITY (Reuters) -The Vatican reported on Monday a 62.2-million-euro ($72.5 million) profit from its financial and real estate holdings last year, up 35.5% from 2023, in a boon to Pope Leo’s efforts to close a budget shortfall. The Vatican’s central asset management agency, however, also said in an annual report that …

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Exclusive-Brazil in talks with TPG, Brookfield over $4 billion climate finance push

28 Jul 2025

By Simon Jessop, Marcela Ayres and Virginia Furness LONDON/BRASILIA (Reuters) -Brazil is in talks with global investors including TPG and Brookfield to raise nearly $4 billion for climate-focused projects, as it ramps up a green finance push ahead of hosting the COP30 climate summit in November. Led by state development bank BNDES, the move is …

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Romania expects small growth hit from new US trade deal

28 Jul 2025

By Luiza Ilie and Jason Hovet BUCHAREST/PRAGUE (Reuters) -Romania said on Monday a 15% U.S. import tariff on European goods would mean a small hit to central Europe’s second-largest economy, while export-reliant Slovakia hailed the U.S. trade deal as a “good result”. Sunday’s framework trade agreement between the United States and the European Union staved …

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Austria’s OMV finds chloride contamination in Azeri crude 

28 Jul 2025

By Robert Harvey LONDON -Austrian energy group OMV has found organic chloride contamination in Azeri crude cargoes planned for delivery to its oil refineries, it said, adding it had prevented it from causing any disruption.  Organic chloride contamination in Azeri BTC crude cargoes was discovered last week, sending price differentials to a four-year low and …

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