LONDON (Reuters) -The Bank of England said on Wednesday the amount of cash reserves available in each weekly long-term repo operation will rise to 35 billion pounds ($47.2 billion) from 25 billion pounds, in line with recalibrated parameters proposed last year. ($1 = 0.7422 pounds) (Reporting by Muvija M, writing by Sachin Ravikumar; editing by …
BoE increases cash available in weekly long-term repo operations Read More »
(Reuters) -Canada-based WSP Global said on Wednesday that it would acquire British environmental and engineering consulting firm Ricardo for about 363.1 million pounds ($489.6 million) including debt. Under the deal, Ricardo shareholders will receive 430 pence in cash per share, a 28.4% premium to its closing price on June 10. The British company had been …
Canada’s WSP Global to acquire UK’s Ricardo for $490 million Read More »
(Corrects last name of analyst and founder of Coin Bureau to Puckrin in paragraph 5) By Patturaja Murugaboopathy (Reuters) -Assets held in crypto funds hit a record high in May as easing trade tensions lifted risk appetite and some investors used the digital currencies to hedge against market volatility and diversify from their U.S. holdings. …
Crypto funds’ assets hit record high as investors hedge and diversify Read More »
(Reuters) -Germany’s imports of goods from Russia fell by 95% in the 2021-2024 period while its exports of goods to Russia were cut by 72%, the country’s statistics office Destatis reported on Wednesday. The European Union as a whole cut its imports from Russia by 78% and exports by 65% over the same time frame, …
Germany’s imports from Russia fall by 95% since start of Ukraine war Read More »
COPENHAGEN (Reuters) -Danish energy trader Danske Commodities said on Wednesday it had signed a power purchase agreement (PPA) with German energy purchasing group E.optimum to deliver around 180 gigawatt hours (GWh) of electricity between July 2025 and December 2026. The deal corresponds roughly to the consumption of 48,000 households, Danske Commodities said in a statement, …
Danske Commodities signs deal with German energy purchasing group Read More »
By Tim Hepher PARIS (Reuters) -Sweden’s Saab and German defence startup Helsing have conducted combat testing of a Gripen E warplane flown by AI against a real fighter pilot, they said on Wednesday, in a step forward in European efforts to compete on autonomy in defence. Last week’s trial is the first publicly known instance …
Saab and Helsing pit AI-piloted warplane against real fighter pilot Read More »
FRANKFURT (Reuters) -Proxima Fusion, a Munich-based nuclear fusion technology company, said on Wednesday it has raised 130 million euros ($148.8 million) to help it move closer to its goal of developing a novel power plant. WHY DOES IT MATTER? Worldwide, dozens of initiatives are exploring nuclear fusion, a nascent technology that seeks to harness the …
German nuclear fusion company Proxima raises 130 million euros of development funding Read More »
By David Shepardson WASHINGTON (Reuters) -Five nations and the European Union, as well as airlines and aerospace firms worldwide, urged the Trump administration not to impose new national security tariffs on imported commercial planes and parts, documents released on Tuesday showed. Airlines and planemakers have been lobbying President Donald Trump to restore the tariff-free regime …
Five nations and EU urge Trump not to impose new airplane tariffs Read More »
(Reuters) -A look at the day ahead in European and global markets from Wayne Cole. So, apparently, they have the concept of a plan for a proposal on a framework for a deal to break the latest U.S.-China trade impasse. Which was only needed because President Trump sent that tweet claiming Beijing had broken the …
Morning Bid: So, it’s a framework for a deal, maybe? Read More »
(Reuters) -Embattled German trading group BayWa has sold its grain and oilseed trading unit Cefetra to Dutch company PGFO for about 125 million euros ($143 million) as part of an effort to cut its debt burden, it said on Tuesday. Baywa Group will get about 61 million euros more as part of Cefetra’s refinancing, resulting …
BayWa sells Dutch unit Cefetra for $143 million to trim debt Read More »
