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Germany’s Scholz calls for pragmatic approach to ‘forever chemicals’

MARL, Germany , (Reuters) – German Chancellor Olaf Scholz called for a pragmatic approach to toxic “forever chemicals” found in many household and everyday items during a visit to an Evonik site at the Marl Chemical Park on Monday. “In the European Union, Germany will push for a pragmatic approach that does not hinder Germany’s …

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JPMorgan Chase is sued over low rates on cash sweeps

NEW YORK (Reuters) – JPMorgan Chase has been accused in a new lawsuit of sweeping customers’ idle cash into accounts with “unreasonably” low interest rates. The proposed class action against the largest U.S. bank was filed on Friday night in Manhattan federal court. It followed similar lawsuits against other banks and brokerages including Ameriprise, LPL …

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Shell to shut-in portions of Louisiana Zydeco oil pipeline for maintenance

By Arathy Somasekhar HOUSTON (Reuters) -Oil major Shell on Monday said it plans to shut-in different portions of its Zydeco pipeline system for maintenance for three to four days starting Sept 24, limiting flows of some light crude to Louisiana. The Zydeco pipeline system, which spans over 350 miles (563.27 km) and has a mainline …

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Security services say Norway energy industry faces Russia threats

By Nora Buli and Nerijus Adomaitis STAVANGER, Norway (Reuters) – Security services from seven European countries on Monday briefed Norwegian energy executives and officials, including from Equinor, Europe’s largest gas supplier, about what they see as Russian threats to critical infrastructure. The closed-door meeting attended by national security services from Norway, Germany, Belgium, the Netherlands, …

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Chip stocks slip, keeping European shares muted ahead of data-heavy week

By Pranav Kashyap and Lisa Pauline Mattackal (Reuters) -European shares were broadly flat in quiet trading on Monday, with semiconductor stocks leading the technology sector lower as investors looked ahead to several key economic data releases this week for more clues on the path of monetary policy. Stocks of European semiconductor stocks slipped as focus …

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German business sentiment falls in August, delaying recovery hopes

By Klaus Lauer and Miranda Murray BERLIN (Reuters) -German business morale fell for a third consecutive month in August, a survey showed on Monday, pushing back recovery hopes for Europe’s largest economy. The Ifo institute said its business climate index fell to 86.6 in August from 87.0 in July, though it came in above a …

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Uber fined in Netherlands for sending drivers’ data to the US

AMSTERDAM (Reuters) -Ride-hailing platform Uber has been fined 290 million euros ($324 million) in the Netherlands for sending the personal data of European taxi drivers to the United States in violation of EU rules, Dutch data protection watchdog DPA said on Monday. Uber has stopped the practice, the DPA added. “This flawed decision and extraordinary …

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Telegram’s Durov still held by French police, franceinfo reports

PARIS (Reuters) – Russia-born billionaire and Telegram owner Pavel Durov was still being detained for questioning by French police on Monday, local news channel franceinfo reported, after he was arrested and taken into custody at the weekend. “The police custody is continuing on Monday, …and may last up to four days”, the report said. The …

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Meyer Burger halts solar plant in Colorado, plans restructuring

ZURICH (Reuters) -Swiss solar panel maker Meyer Burger said on Monday it was suspending plans for a plant in Colorado as it announced restructuring measures and suggested profitability would be lower than previously expected. “Meyer Burger Technology AG announced today that the planned construction of a solar cell production facility in Colorado Springs, Colorado, USA, …

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Telegram founder Durov arrested in France, sources says

By Ingrid Melander and Guy Faulconbridge PARIS/MOSCOW (Reuters) -Pavel Durov, the Russian-born billionaire founder and owner of the Telegram messaging app, was arrested at Le Bourget airport outside Paris shortly after landing on a private jet late on Saturday and placed in custody, three sources told Reuters. The arrest of the 39-year-old technology billionaire prompted …

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