By Kate Abnett BONN (Reuters) -Germany, the Czech Republic and 14 other countries have demanded the European Union introduce stricter price controls to the bloc’s new carbon market, over fears the policy will raise consumers’ bills, a document seen by Reuters showed. The paper, which has support from enough countries to form the “qualified majority” …
EU countries demand stricter controls on new CO2 price Read More »
BERLIN -Switzerland will enter into exploratory talks with the European Union on a non-binding partnership to take part in arms procurement projects, the government said on Wednesday, as the neutral alpine nation seeks closer EU security ties. Such partnerships are a prerequisite for non-EU countries to become involved with the bloc’s cooperation projects, said the …
Switzerland to explore defence procurement pact with EU Read More »
By Amanda Cooper LONDON (Reuters) -The pound held steady against the dollar on Wednesday, consolidating gains from the past two days, as investors felt confident enough in the fragile ceasefire between Israel and Iran to dip into more volatile assets. Sterling has risen by 1.3% against the dollar so far this week, marking its largest …
(Refiles to additional subscribers, no changes to text) (Reuters) -Dutch technology investor Prosus on Wednesday unveiled new financial targets and reiterated its plan to become Europe’s largest tech company with a market value of more than $200 billion. The group, in which South Africa’s Naspers holds a 41% stake, has set a target to achieve …
Prosus sets new targets in bid to become Europe’s tech champion Read More »
(Reuters) -French state-owned utility EDF’s new chief is considering a sale of some assets as part of a review of the firm’s portfolio in a bid to meet government demands to spur investments in new nuclear reactors, the Financial Times reported on Wednesday. Dalkia and Edison are among the business units that may be sold, …
EDF weighs asset sales amid greater push for nuclear energy, FT reports Read More »
ROME (Reuters) -Italy acted properly in placing a 15% stake in state-backed bank Monte dei Paschi di Siena last November, Economy Minister Giancarlo Giorgetti said, after prosecutors in Milan started an investigation into the transaction. Giorgetti said he had reiterated “the absolute correctness of the work of the men and women who worked on the …
Italy acted properly in November Monte Paschi stake placement, minister says Read More »
(Reuters) -German space startup Isar Aerospace obtained 150 million euros ($173 million) in funding from an American investment company, it said on Wednesday. The company, which specializes in satellite launch services, signed an agreement for a convertible bond with Eldridge Industries, it said. The investment will be used to expand its launch service offerings, it …
German space startup Isar Aerospace secures 150 million euro fund Read More »
By Sarah Young LONDON (Reuters) -British engineering company Babcock upgraded its medium-term operating margin guidance on Wednesday, and said it expects to benefit from more UK government spending on defence and energy security to counter rising geopolitical instability. Shares in Babcock jumped 13% to 1,149 pence in early trade, the highest level in more than …
UK engineering firm Babcock lifts forecast as defence needs rise Read More »
MOSCOW (Reuters) -The first Russian-built ice-class tanker for liquefied natural gas is expected to go into operation in the second half of this year at the Arctic LNG 2 plant, Interfax news agency quoted tanker group Sovcomflot as saying on Wednesday. International sanctions over Ukraine have led to a shortage of tankers in Russia that …
First Russian-built ice-class LNG tanker to launch this year, Ifx reports Read More »
(Reuters) -Spain’s economy slowed to 0.6% in the first quarter of 2025 compared to the previous period, as geopolitical turmoil and the shadow of continuing trade tensions heighten concerns about global growth. On an annual basis, Spain’s first-quarter economic output expanded 2.8%, the country’s National Statistics Institute (INE) said on Wednesday, confirming the preliminary growth …
Spain’s first quarter GDP growth confirmed at 0.6% – final data Read More »
