LONDON (Reuters) -British finance minister Rachel Reeves will announce on Monday a 28.6 million pound ($39 million) investment by the National Wealth Fund in a carbon capture project that could create jobs in central and northern England. Last year, Britain said it would provide funding of up to 21.7 billion pounds over 25 years to …
UK’s Reeves announces National Wealth Fund investment in carbon capture Read More »
BERLIN (Reuters) -German Economy Minister Katherina Reiche wants to make planned measures aimed at lowering companies’ electricity costs more widely available than previously suggested, the Financial Times reported on Sunday, citing people with knowledge of the plan. Earlier this year, Germany’s ruling coalition of conservatives and Social Democrats agreed to cut electricity tax to the …
German minister wants more firms eligible for electricity relief, FT says Read More »
MOSCOW (Reuters) -Russian President Vladimir Putin told BRICS leaders on Sunday that the era of liberal globalisation was obsolete and that the future belonged to swiftly growing emerging markets which should enhance the use of their national currencies for trade. Putin spoke via video link to the summit in Rio de Janeiro due to an …
Putin says that globalisation is obsolete and the future belongs to emerging markets Read More »
(Reuters) -Britain’s Octopus Energy is close to hiring bankers to oversee a 10-billion-pound ($13.7 billion) separation and stake sale of its technology arm Kraken Technologies, Sky News reported on Saturday, citing sources familiar with the matter. A minority stake in Kraken of up to 20% is expected to be sold to external shareholders to help …
UK’s Octopus Energy weighs $14 billion demerger of tech arm Kraken, Sky News says Read More »
By Casey Hall and Tassilo Hummel SHANGHAI/PARIS (Reuters) -China spared major cognac producers Pernod Ricard, LVMH and Remy Cointreau from hefty duties on EU brandy on Friday, a rare bright spot at a time of trade tensions between Brussels and Beijing as the two sides row over tariffs on Chinese-made EVs. China will from Saturday levy duties …
China spares major cognac makers from EU brandy dumping duties Read More »
(Corrects fourth and adds a fifth paragraph after UniCredit clarifies increased Russian sovereign bond holdings are a currency effect) MILAN (Reuters) – The Bank of Italy said on Friday it had selected the United States, Great Britain, Switzerland and Russia as countries outside the European Union that its banks have significant exposure to, under rules …
Bank of Italy selects 4 systemic risk countries for lenders, including Russia Read More »
By Johann M Cherian (Reuters) -Sterling was poised for a weekly loss on Friday, marking a lacklustre end to a week that saw fiscal and political uncertainties rattle investor appetite for UK assets. The pound was flat and last fetched $1.36, while against the euro it inched 0.1% lower and was last at 86.26 pence. …
Sterling heads for weekly loss as fiscal concerns loom Read More »
MOSCOW (Reuters) -Russia, the world’s largest wheat exporter, cut the wheat export tax to zero, effective from July 9, the Interfax news agency reported on Friday, citing the Russian agriculture ministry. It is the first time the tax has been removed since it was introduced in 2021 to protect the domestic market from price spikes …
Russian government cuts wheat export tax to zero, IFX reports Read More »
By Philip Blenkinsop and Julia Payne BRUSSELS (Reuters) -European Union negotiators have failed so far to achieve a breakthrough in trade negotiations with the Trump administration and may now seek to extend the status quo to avoid tariff hikes, six EU diplomats briefed on the talks said on Friday. The EU had already dropped hopes …
US trade deal eludes Europe days out from Trump’s deadline, sources say Read More »
LONDON (Reuters) -A former Janus Henderson analyst was sentenced to six years in prison on Friday for using confidential information on companies, including Daimler, Jet2 and THG to make nearly 1 million pounds ($1.4 million) following a London court trial. Redinel Korfuzi, 38, used information he accessed through his job as a research analyst at …
Ex-Janus Henderson analyst jailed in UK for six years for insider dealing Read More »
