ROME (Reuters) -Italy’s largest energy storage system based on used batteries for electric vehicles was inaugurated on Tuesday at Rome’s Fiumicino airport to help it reduce carbon emissions. The system called ‘Pioneer’ has been developed by Italian utility Enel and airport operator ADR and is one of the largest of its kind in Europe, the …
Energy storage system based on EV batteries launched at Rome’s airport Read More »
MILAN (Reuters) -Nuclear start-up Newcleo has agreed to set up a joint venture with Slovakia’s JAVYS on the use of spent nuclear fuel, the company founded by Italian physicist Stefano Buono said on Tuesday. The announcement came after Italian Prime Minister Giorgia Meloni hosted a meeting in Rome with her Slovak counterpart Robert Fico. WHY …
Newcleo teams up with Slovakia’s JAVYS to develop advanced nuclear reactors Read More »
(Corrects paragraph 6 to show that statistics refer to Golf production globally, not only in Wolfsburg) BERLIN (Reuters) – Volkswagen’s restructuring of its Wolfsburg plant from 2027 to make way for EV-only production could result in a temporary four-day working week at the plant, works council chief Daniela Cavallo told workers on Tuesday. Cavallo, a …
VW’s Wolfsburg plant may move to four-day week from 2027, works council says Read More »
PARIS (Reuters) -The firm behind Pornhub, YouPorn and RedTube is suspending access to the adult content platforms in France from Wednesday, in a move that media said was in protest against a requirement for porn sites to verify that their users are 18 or older. “I can confirm that Aylo has made the difficult decision …
Owner suspends Pornhub, YouPorn, RedTube in France from Wednesday Read More »
By Elvira Pollina MILAN (Reuters) -A push by Italy’s government for state-backed telecoms firms Open Fiber and FiberCop to accelerate work on a European Union-funded network plan has hit a snag as the companies are struggling to agree terms of a potential deal, three sources said. FiberCop and its smaller rival Open Fiber were entrusted …
Italy struggles to revive lagging fibre rollout plan Read More »
(Reuters) -JPMorgan Chase has given Marianne Lake, widely seen as a potential successor to CEO Jamie Dimon, the additional responsibility of managing its overseas consumer banking arm and strategic growth office, according to an internal memo on Tuesday. The change comes as incumbent Sanoke Viswanathan resigned as the CEO of JPMorgan’s international consumer and wealth …
JPMorgan gives consumer banking head Lake more responsibility as incumbent leaves Read More »
By Nailia Bagirova BAKU (Reuters) -The owners of the Shah Deniz gas field in the Azeri Caspian Sea led by BP made a final decision to invest $2.9 billion in expanding output from the project, BP said on Tuesday. As part of its strategic shift away from renewable energy, the British oil major seeks to …
BP boosts investment in Azerbaijan Caspian Sea projects Read More »
MOSCOW (Reuters) -Russia’s economy minister Maxim Reshetnikov said on Tuesday that the central bank should ease monetary policy in a timely manner in order to achieve growth of 3%, a target set by President Vladimir Putin. Reshetnikov’s comments came before the central bank reviews its key interest rate on June 6. A Reuters poll of …
Russia’s economy minister calls for ‘timely’ rate cut to boost growth Read More »
BERLIN (Reuters) -German pharmaceutical firm Stada is in talks with two private equity investors about a sale, Germany’s Welt newspaper reported on Tuesday. Its owners Bain Capital and Cinven could seek an initial public offering in October if talks on a sale do not come to fruition, the report cited an unnamed source as saying. …
Stada in talks with two private equity groups over sale, Welt reports Read More »
By David Milliken and Suban Abdulla LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday he was sticking with a “gradual and careful” approach to cutting interest rates as global trade policy turmoil increasingly clouds the outlook. The BoE cut interest rates last month to 4.25% in a three-way split vote. It cited …
BoE’s Bailey sticks with ‘careful’ rate cut view as uncertainty deepens Read More »
