By Gleb Bryanski ST PETERSBURG (Reuters) -Serbia is working on a new gas deal with Russia and will get the best price in Europe, the head of its state gas company told Reuters in an interview on Wednesday. Dusan Bajatovic, the head of Srbijagas, also said Europe – just like Serbia – would have no …
Serbia seeks new gas deal with Russia at ‘best price in Europe’ Read More »
(Reuters) -Wolfspeed will be taken over by creditors including Apollo Global Management under a proposal that would put the struggling chipmaker into bankruptcy, Bloomberg News reported on Wednesday, citing people familiar with the plan. The company will soon announce a deal for a so-called prepackaged bankruptcy, that would be long enough to slash billions in …
Wolfspeed nears bankruptcy deal with lenders including Apollo, Bloomberg News reports Read More »
MILAN (Reuters) -The digital euro will be designed in a way that poses no threat to the overall liquidity held by the banking system, top European Central Bank policymaker Fabio Panetta said, adding that the ECB could anyway counter any hit to liquidity. Speaking to students at the annual Young Factor conference in Milan, Panetta …
ECB’s Panetta says no reason to fear banks’ liquidity drain from digital euro Read More »
PARIS (Reuters) -France’s economy is on course for sluggish growth through the whole of 2025 as weak manufacturing activity and public sector belt-tightening weigh on output, national statistics agency INSEE forecast on Wednesday. The euro zone’s second-biggest economy is expected to maintain a quarterly growth rate of 0.2% from the second quarter on through the …
French economy to grow 0.6% this year, INSEE says Read More »
COPENHAGEN (Reuters) -Norwegian state-owned utility Statkraft said on Wednesday it would cut its annual costs by around 15% or 2.9 billion crowns ($292 million) by 2027, citing increased global uncertainty, higher expenses and lower power prices. The company already announced in May that it had stopped developing new green hydrogen projects due to higher costs …
Norway’s Statkraft to cut costs by $292 million, may announce layoffs Read More »
By Nora Buli BREVIK, Norway (Reuters) -Germany’s Heidelberg Materials has pre-sold all the cement it will produce this year from a Norwegian production line upgraded with zero-emissions technology, its CEO said on Wednesday, as builders seek to reduce their carbon footprint. Traditional cement production is responsible for around 8% of global CO2, generating huge emissions …
Heidelberg sells out of net-zero cement from Norway plant, CEO says Read More »
(Reuters) -Sales of passenger cars in Russia are set to drop by 25% to 1.1 million units this year, the head of Avtovaz, the country’s largest automaker, said on Wednesday. Russia’s car market slumped as Western companies halted sales and production soon after Moscow’s February 2022 invasion of Ukraine. Spurred by the rapid arrival of …
Russia’s top carmaker Avtovaz expects market to shrink by 25% this year Read More »
By Kate Abnett and Julia Payne LUXEMBOURG (Reuters) -The European Commission on Tuesday proposed a legally binding ban on EU imports of Russian gas and liquefied natural gas (LNG) by the end of 2027, using legal measures to ensure the plan cannot be blocked by EU members Hungary and Slovakia. The proposals set out how …
EU proposes ban on Russian gas imports by end of 2027 Read More »
By Kate Abnett (Reuters) -The European Commission on Tuesday proposed legally-binding measures to cut off the European Union’s imports of Russian gas and liquefied natural gas imports by the end of 2027, which would end decades-old energy relations with Europe’s former top gas supplier. Here are some details about the proposals, which still need approval …
LONDON (Reuters) -Britain’s new high speed railway line, HS2, which will connect London to the central English city of Birmingham, will be delayed beyond the 2033 opening date previously targeted, transport minister Heidi Alexander said on Wednesday. The project has been beset by cost overruns and delays since it was approved in 2012. Two years …
UK says troubled HS2 rail link to be delayed beyond 2033 Read More »
