WARSAW (Reuters) -Polish oil and gas company Orlen could face a bill of almost $300 million after an arbitration tribunal ruled that Russia’s Gazprom had the right to retroactively charge higher prices for gas supplies to Poland, it said on Wednesday. Orlen, which took over Polish gas monopoly PGNiG in 2022, is in several disputes …
Orlen may owe $290 million as Gazprom scores partial gas price dispute win Read More »
BRUSSELS (Reuters) -The European Union’s top diplomat Kaja Kallas told Chinese foreign minister Wang Yi on Wednesday that Beijing needed to rebalance its trade relationship with the EU and warned Chinese companies’ support for Russia’s war in Ukraine posed a serious threat to European security. “She also called on China to put an end to …
EU’s Kallas warns that China needs to rebalance trade relationship with EU Read More »
(Reuters) -Money transfer company Wise Plc has applied to be directly regulated by the U.S. Office of the Comptroller of the Currency (OCC) to create a national trust bank in the United States, according to an official document. An OCC document dated June 16 showed Wise seeking approval to operate as a nondepository trust bank …
UK’s Wise seeks to create national trust bank in US Read More »
By Akash Sriram (Reuters) -Tesla is headed for another year of shrinking sales after it posted a second straight drop in quarterly deliveries, dragged down by CEO Elon Musk’s right-wing political stances and an aging vehicle line-up that has turned off some buyers. The automaker now needs to deliver over one million vehicles in the …
Tesla deliveries slump, Musk’s EV maker stares at second year of falling sales Read More »
PARIS (Reuters) -The French civil aviation agency DGAC said on Wednesday it had asked airlines to reduce flights at Paris airports by 40% on July 4 due to a planned national strike by air traffic controllers. The agency said it had also requested that airlines cut by half flights into and out of Nice and …
France asks airlines to cut flights at Paris airports by 40% ahead of planned strike Read More »
AMSTERDAM (Reuters) -KLM has made wage proposals to staff of the Dutch arm of airline group Air France KLM, it said on Wednesday, after the CNV union said the company’s ground crews would go on strike at Amsterdam airport on July 9 unless their demands were met. School holidays begin next week in parts of …
KLM makes wages proposals after ground crews threaten to strike Read More »
By Jesus Calero and Marleen Kaesebier (Reuters) -Shares in European renewable energy companies rose on Wednesday after the U.S. Senate passed a revised budget bill the previous day which was more positive for wind power compared to an earlier version. U.S. President Donald Trump’s “Big Beautiful Bill” makes it harder to develop wind and solar …
European renewable energy companies’ shares rise after revised US Senate bill Read More »
By Sukriti Gupta, Sanchayaita Roy and Shashwat Chauhan (Reuters) -European shares ended higher on Wednesday, led by renewable-energy stocks after a revised budget bill in the United States passed a crucial vote, while focus was on any trade deals ahead of U.S. President Donald Trump’s July 9 tariff deadline. The pan-European STOXX 600 index closed …
European shares gain on renewable energy, luxury boost Read More »
By Tom Sims, Andreas Rinke and Valentina Za FRANKFURT (Reuters) -The CEO of UniCredit renewed his push to merge the Italian bank with its German rival Commerzbank , attempting to make his case in a letter to Germany’s Chancellor Friedrich Merz. UniCredit last year acquired a large stake in the German lender and has been …
UniCredit CEO presses case for Commerzbank merger in letter to Germany’s Merz Read More »
LONDON (Reuters) -Commodities trader Glencore is in talks with the British government over the status of its supply and offtake contract with the insolvent Lindsey oil refinery, according to a source familiar with the situation. The 113,000-barrel-per-day refinery was owned by Prax prior to its insolvency which was announced on Monday, alongside the insolvency of …
