(Reuters) -British stocks closed higher on Tuesday in broad-based gains as investors cheered U.S. President Donald Trump’s delayed tariffs on European Union imports. The benchmark FTSE 100 was up 0.7%. Earlier on the day, the index touched its highest level since May 5. The mid-cap FTSE 250 gained 1.1%. The market was closed on Monday …
British equities gain as Trump delays EU tariffs Read More »
By Sriparna Roy (Reuters) -Eli Lilly will buy privately held SiteOne Therapeutics in a deal worth as much as $1 billion, the companies said on Tuesday, giving the drugmaker access to an experimental non-opioid pain medicine. SiteOne’s STC-004 will help Lilly expand its pipeline of drugs for chronic pain conditions such as migraine, as the …
Eli Lilly to buy SiteOne for $1 billion with eye on non-opioid pain drug Read More »
ATHENS (Reuters) -Kosovo has lost out on more than 600 million euros of external funding relating to environmental protection and energy projects among others, since the European Union imposed sanctions in 2023, according to a report by the GAP Institute think tank. Kosovo’s government disputes the sum, but the report, by a local body, gives …
EU sanctions cost Kosovo 600 million euros in stalled funds, says think tank Read More »
By Sergio Goncalves CASCAIS, Portugal (Reuters) -The EU must enforce common market rules to integrate the Iberian peninsula’s power grid into wider Europe, overcoming France’s reluctance to add interconnections, Portugal said on Tuesday, after a massive blackout hit the peninsula last month. The blackout, which started in Spain and also left mainland Portugal without electricity …
Portugal wants EU to pressure reluctant France on power connections Read More »
GDANSK (Reuters) -Poland’s biggest energy utility PGE reported a first-quarter recurring core profit of 4.33 billion zlotys ($1.16 billion) on Tuesday, up 71% on the year, primarily due to lower CO2 emission costs and regulatory revenue gains. The results were in line with the company’s preliminary estimates reported in mid-May. WHY IT’S IMPORTANT PGE, like …
Polish utility PGE Q1 core profit jumps on lower CO2 emission costs Read More »
WARSAW (Reuters) -The Polish government’s willingness to reign in a bloated deficit may be sapped by the fear of losing elections, S&P’s expert on Central/Eastern Europe said on Tuesday, amid political polarisation in the country. S&P’s outlook for Poland remains stable at an ‘A-‘ rating, owing to solid growth prospects, the strength of the economy’s …
Poland’s polarisation hurts fiscal consolidation, S&P says Read More »
ROME (Reuters) -Italian judges have struck down a government ban on remote check-ins for short-term rentals that had prompted a clean up of keyboxes from city centres which was welcomed by campaigners against overtourism. Properties listed on Airbnb and other short-term rental platforms use self check-in keyboxes to spare owners and holidaymakers from having to …
Italy court cancels ban on remote check-ins for short-term rentals Read More »
By Alexander Marrow and Gleb Stolyarov (Reuters) – Sanctioned Russian billionaire Vladimir Potanin has acquired a 9.95% stake in internet giant Yandex, often dubbed “Russia’s Google”, through companies he owns, according to statements published on Tuesday from companies involved. A consortium of Russian investors bought Yandex’s Russian business from its Dutch parent in July 2024 …
Metals billionaire Potanin acquires minority stake in ‘Russia’s Google’ Read More »
By Olena Harmash KYIV (Reuters) -Ukraine is overhauling its minerals sector, which has been pounded by three years of war, in the hope of unlocking potential and attracting billions of dollars of investment from a minerals deal with the U.S., its ecology minister said. The country has deposits of 22 of 34 minerals deemed as …
Ukraine revamps minerals sector, eyes billions in investment from US deal Read More »
ROME (Reuters) -Italy’s mafia is turning away from violent turf wars to collaborate in drug trafficking, prostitution rings and money laundering, the national anti-mafia agency (DIA) said in an annual report about the organized crime groups on Tuesday. Sicily’s Cosa Nostra and the Camorra around Naples are forming alliances at home and abroad, while the …
Italy’s mafia abandoning rivalries to join forces, report says Read More »
