MILAN, Dec 1 (Reuters) – The European Commission on Monday included in its new priority list for cross-border energy projects two initiatives backed by Italian gas grid operator Snam, making them eligible for EU funding. The commission had already added the projects to a priority list in 2023, but their presence in this year’s update …
Italy’s Snam wins EU backing for hydrogen pipeline and CO2 storage Read More »
MOSCOW/LONDON, Dec 1 (Reuters) – Turkey sharply reduced its imports of Russia’s flagship Urals crude oil in November, shipping data from energy consultancy Kpler showed, as Western sanctions on Russian energy suppliers tightened and Turkish refineries shifted to alternative grades. Shipments of Urals to Turkey fell by 100,000 barrels per day from October levels, with …
Turkey cuts Russian Urals oil imports in November, diversifies with Kazakh, Iraqi supply Read More »
MADRID, Dec 1 (Reuters) – Spanish carrier Iberia on Monday extended the suspension of its flights to Venezuela until December 31, citing a recommendation from Spain’s aviation safety agency AESA, as tensions between Caracas and Washington continue to roil commercial aviation. The decision comes days after Venezuela revoked operating rights for six major international airlines …
IAG’s Iberia extends flight Venezuela suspension through December Read More »
MOSCOW, Dec 1 (Reuters) – Cargo volumes handled by state-owned Russian Railways continued to fall in November, data showed on Monday, as the country’s biggest commercial employer grapples with mounting financial problems. November cargo loading fell 1.5% year-on-year to 94.2 million tonnes and January-November volumes dropped by 5.6% to 1.021 trillion tonnes, Russian Railways said …
Russian Railways cargo volumes keep falling, data shows Read More »
By Sam Tobin LONDON, Dec 1 (Reuters) – The director of a London-based airline parts company on Monday pleaded guilty to fraudulent trading, two years after planes were briefly grounded worldwide over safety fears linked to his company. Jose Alejandro Zamora Yrala, 37, admitted operating AOG Technics for a fraudulent purpose by “falsifying …
UK aircraft parts company director pleads guilty to fraudulent trading Read More »
MOSCOW, Dec 1 (Reuters) – Russia’s exports of liquefied natural gas fell by 2% in January-November to 28.4 million metric tons, LSEG data showed on Monday. For November alone, Russian LNG shipments increased by 10% to 3.19 million tons from a year earlier, while slipping by 4.5% from October, when supplies reached a monthly record …
Russia’s LNG exports fall 2% in January-November, data shows Read More »
By Elisa Anzolin MILAN, Dec 1 (Reuters) – Rocco Basilico, chief wearables officer at eyewear maker EssilorLuxottica and one of the heirs of the group’s late founder, is stepping down next month after more than a decade at the company, a company spokesperson said on Monday. Basilico’s exit comes amid tensions within holding company Delfin, …
EssilorLuxottica’s wearables chief Basilico to leave in January Read More »
Dec 1 (Reuters) – Mattress manufacturer Somnigroup International said on Monday it had submitted a proposal to buy Leggett & Platt in an all-stock deal that valued the furniture and bedding maker at about $1.63 billion. Somnigroup, which had sent a letter to the Carthage, Missouri-based company’s board, said shareholders would get a Somnigroup common …
Mattress maker Somnigroup proposes to buy Leggett & Platt in all stock deal Read More »
MILAN, Dec 1 (Reuters) – Stellantis Chief Executive Antonio Filosa on Monday welcomed Berlin’s call to soften European Union car emissions rules, saying Germany’s proposals aligned with industry demands to revive growth in the struggling sector. The European Commission is due to unveil proposals for a package to support the auto sector on December 10, …
Stellantis CEO backs German push to ease EU car emissions rules ahead of key review Read More »
(Fixes company identifier format in first paragraph) By Robert Harvey and Shariq Khan LONDON, Dec 1 (Reuters) – Global commodity trading house Gunvor’s CEO Torbjorn Tornqvist will step down and sell his full shareholding in a management buyout, weeks after the U.S. dubbed the firm the “Kremlin’s puppet” over its past Russian links. The firm …
Gunvor managers buy out CEO Tornqvist as company seeks ‘definitive reset’ Read More »
