MILAN (Reuters) -Italy’s Fincantieri expects the weight of its revenues in the underwater business to double by 2027, the shipbuilder said on Monday, as it presses on with its expansion in this increasingly profitable sector. The state-controlled group aims to take advantage of a global market that it estimated at 50 billion euros ($56 billion) …
Italy’s Fincantieri dives deeper into the submarine sector Read More »
WARSAW (Reuters) -Norway’s Equinor and Poland’s Polenergia made a final investment decision for the project to build two wind farms off the Polish coast of the Baltic Sea, the Warsaw-based company said on Monday. The two farms, each with a generation capacity of 720 megawatts are set to cost a total of about 6.4 billion …
Equinor, Polenergia agree on Polish offshore wind project Read More »
COPENHAGEN (Reuters) -Denmark will launch offshore wind tenders with a capacity of three gigawatt (GW), enough to power three million homes, its energy ministry said on Monday, offering subsidies to developers of up to 55.2 billion Danish crowns ($8.32 billion). The three tenders will open in the autumn this year and cover two areas in …
Denmark plans offshore wind tender with up to $8.3 billion subsidy Read More »
By James Davey and Sarah Young LONDON (Reuters) -A month after a costly cyberattack on one of Britain’s best known retailers, Marks & Spencer has yet to restore online shopping as it prioritises safety over speed, while retailers worldwide race to boost their defences. The attack on the 141-year-old M&S, has likely already cost it …
M&S’ slow recovery from cyberattack puts it at risk of lasting damage Read More »
(Reuters) -Bath & Body Works said on Monday it has appointed former Nike chief strategy and transformation officer, Daniel Heaf, as chief executive, effective immediately. He replaces Gina Boswell, who has been at the helm of the beauty and skincare firm since November 2022. In March, the company said Boswell would be temporarily absent, for …
Bath & Body Works appoints former Nike executive Daniel Heaf as CEO Read More »
By Giulio Piovaccari and Christina Amann MILAN (Reuters) -Volkswagen is considering a plan to divest from its design and engineering unit Italdesign, union representatives told Reuters on Monday, as part of the German automaker’s efforts to overhaul its European operations. The group is assessing a possible sale of Turin-based Italdesign, but it could also consider …
Volkswagen weighs plan to sell or find partner for Italdesign Read More »
MOSCOW (Reuters) – Kremlin-controlled energy giant Gazprom is working on a new gas supply contract with Serbia, TASS news agency cited Russia’s Deputy Prime Minister Alexander Novak as saying on Monday. Serbia, which historically has close ties to Moscow but also aspires to join the European Union, heavily depends on Russia for natural gas and …
Russia’s Gazprom works on new gas supply contract with Serbia, TASS reports Read More »
By Darya Korsunskaya MOSCOW (Reuters) -The Russian economy could cope with the rouble sliding back to 100 to the dollar but authorities worry that any correction from current levels could spiral out of control, a senior government source has told Reuters. The rouble has surged about 40% against the dollar to around 80 this year. …
Hundred roubles to dollar would be acceptable, says Russian government source Read More »
BRUSSELS (Reuters) -EU antitrust regulators have extended their decision deadline on Italian bank UniCredit’s takeover bid for its smaller rival Banco BPM after a national watchdog asked to take over the review, a European Commission filing showed. The EU competition enforcer’s website showed a national agency had submitted a request on May 14 but did …
EU deadline on UniCredit, Banco BPM deal extended after national request Read More »
By Inti Landauro MADRID (Reuters) -Spain has ordered Airbnb to withdraw more than 65,000 listings for holiday rentals which it said violated existing rules from its platform as part of a general crackdown on a business blamed for contributing to the housing crisis in the country. Most of the Airbnb listings to be blocked do …
Spain blocks more than 65,000 Airbnb holiday rental listings Read More »
