By Purvi Agarwal, Ragini Mathur and Pranav Kashyap (Reuters) -European shares skidded to an over one-month low on Thursday as escalating Middle East tensions and fears over potential U.S. involvement rattled investors. The pan-European STOXX 600 closed down for the third consecutive day with a 0.8% drop to its lowest level since May 9. Trading …
European shares dive as Mideast tensions, US involvement fears weigh Read More »
By Valentina Za MILAN (Reuters) -Creating a European Union savings union has become a matter of urgency, European Central Bank policymaker and Bundesbank President Joachim Nagel said on Thursday, adding a closer banking union could follow after that. European policymakers are seeking to foster deeper and more integrated capital markets across the often fragmented 27-member …
ECB’s Nagel says savings union more urgent than banking union Read More »
By Francesca Landini MANTUA, Italy (Reuters) -Versalis, the chemical company of Italian energy group Eni, unveiled on Thursday a demonstration plant based on its new technology for the chemical recycling of mixed plastic waste. The technology, dubbed “Hoop,” makes it possible to convert mixed plastic waste into a feedstock that can be used to produce …
Italy’s Eni launches demo plant for mixed plastic recycling Read More »
LONDON (Reuters) -The British government has given development consent to a 140 megawatt (MW) solar farm in South Derbyshire in England, the UK’s Planning Inspectorate said on Thursday. The Oaklands Farm solar park, which is being developed by renewable energy developer BayWa, will also have up to 37.5 MW of battery storage capacity. The project …
UK government gives go-ahead for BayWa solar project Read More »
ST.PETERSBURG, Russia (Reuters) -Russia’s second largest lender VTB still plans to open a branch in Iran, but will wait for hostilities between Israel and Tehran to end and is analysing the situation, VTB CEO Andrei Kostin said on Thursday. VTB, which is under Western sanctions, opened a representative office in Iran in 2023 and has …
By Joe Brock PARIS (Reuters) -Defence heavyweights and emerging military tech firms used the Paris Airshow to showcase cutting-edge drones known as “wingmen” – uncrewed aircraft designed to fly alongside next-generation fighter jets and reshape the future of air combat. The Paris show, the biggest aerospace and defence gathering in the world, featured a record …
Drone makers battle for air dominance with ‘wingman’ aircraft Read More »
By John Revill and Terje Solsvik ZURICH (Reuters) – The Swiss and Norwegian central banks became the latest European rate-setters to ease monetary policy on Thursday, citing a weaker inflation outlook that contrasted sharply with the Federal Reserve’s warnings about higher U.S. prices. The Bank of England kept rates on hold as expected, while flagging …
As war and tariffs fog the outlook, some central banks trim rates Read More »
By Suban Abdulla and David Milliken LONDON (Reuters) -The Bank of England held interest rates at 4.25% as expected on Thursday but said it was focused on risks from a weaker labour market and from higher energy prices as conflict escalates in the Middle East. The Monetary Policy Committee voted 6-3 to keep rates on …
Bank of England keeps rates steady, sees further loosening as jobs market weakens Read More »
LONDON (Reuters) -Bank of England Deputy Governor Clare Lombardelli said on Thursday that British services price inflation – a key measure of domestic price pressures – remained “sticky” despite data showing a slight fall in May. Lombardelli, who was speaking after the central bank kept interest rates at 4.25% in a 6-3 vote split earlier …
UK services inflation is proving sticky, BoE’s Lombardelli says Read More »
COPENHAGEN (Reuters) -Greenland on Thursday handed a 30-year permit to a European Union-backed project that aims to mine molybdenum, a critical metal used in aerospace, energy and defence and on which China has imposed export controls. The resource-rich Arctic island has seen rising activity in its mining sector over the past month, after U.S. President …
Greenland gives EU-backed critical metals project permit to mine Read More »
