By Simon Jessop LONDON (Reuters) -U.S. textile recycling firm Circ has received backing from the French government and European Union to build a $500 million plant in France that will be the first to recover cotton and polyester on an industrial scale, its chief executive told Reuters. Announced by the French government on Friday, the …
Circ to build $500 million cotton, polyester recycling plant in France Read More »
WASHINGTON (Reuters) -European Central Bank chief economist Philip Lane argued on Friday that publishing alternative economic scenarios alongside the ECB’s economic projections may raise more problems than it solves. Caught on the hop by a surge in inflation in 2021-22, the ECB and other central banks around the world are pondering ways in which they …
ECB’s Lane queries value of publishing economic scenarios Read More »
MOSCOW (Reuters) -Russia’s largest maker of combine harvesters and tractors, Rostselmash, said on Friday the demand for its machines has collapsed, forcing it to suspend production from June and cut costs, since farmers have no money to buy new equipment. Rostselmash said it will send all its workers on mandatory leave starting in June, before …
Russian harvester maker suspends production as demand from farmers collapses Read More »
LONDON (Reuters) -Inditex on Friday announced a new chief financial officer and chief sustainability officer in a top management reshuffle, without detailing any reason for the changes. Current Chief Financial Officer Ignacio Fernandez Fernandez will take on a new role as Chief Corporate Officer overseeing the financial, sustainability, logistics, transport and infrastructure divisions, Inditex said. …
COPENHAGEN (Reuters) -Discussions between Novo Nordisk and the Novo Nordisk Foundation that controls the company regarding a CEO change have been ongoing for the past few weeks, the company’s board Chair Helge Lund told Reuters on Friday. Meanwhile, outgoing Chief Executive Lars Fruergaard Jorgensen told Danish broadcaster TV2 that he was surprised by the decision, …
Talks to replace Novo Nordisk CEO lasted several weeks, board chair says Read More »
By Anna Peverieri (Reuters) -Alstom’s CEO Henri Poupart-Lafarge will not seek a fourth term as head of the French train maker and plans to step down at the end of his current mandate in 2027, the company said on Friday. Alstom, which has struggled to recover from its costly 2021 acquisition of Canadian firm Bombardier’s …
Alstom says CEO Poupart-Lafarge will not seek another term Read More »
By Timour Azhari DAMASCUS (Reuters) – Syria plans to print a newly-designed currency in the UAE and Germany instead of Russia, three sources said, reflecting rapidly improving ties with Gulf Arab and Western states as a move to loosen U.S. sanctions offers Damascus new opportunities. In another sign of deepening ties between Syria’s new rulers …
Exclusive-Syria plans to print currency in UAE and Germany, ending Russian role Read More »
LONDON (Reuters) – Britain’s Anglian Water was fined 1.4 million pounds ($1.9 million) over drinking water contamination, in the latest scandal in an industry which is facing a public backlash over environmental failures and rising bills. The government has launched a review aimed at reforming the privatised water sector to improve its environmental performance after …
UK’s Anglian Water fined 1.4 million stg over drinking water failures Read More »
MILAN (Reuters) -Enel and Abu Dhabi’s Masdar are in preliminary talks over potentially jointly developing energy storage capacity in Italy, Flavio Cattaneo, the CEO of Italy’s biggest utility, said on Friday. The Italian and Emirati companies already have a partnership for a portfolio of renewable energy assets in Spain and are exploring options to extend …
Enel, Masdar in preliminary talks over energy storage in Italy Read More »
BERLIN (Reuters) -Germany’s finance ministry on Friday denied a media report that Finance Minister Lars Klingbeil could meet with his Italian counterpart to discuss UniCredit’s push for a merger with Commerzbank. “I can confirm that the minister will be travelling to Rome this weekend, but there is currently no meeting planned or foreseen,” a spokesperson …
