By Kate Abnett BRUSSELS (Reuters) -The European Commission will next month propose legal measures to fully phase out the EU’s Russian gas imports by the end of 2027, and ban spot contracts with Russia by the end of this year. Here’s how that could work. HOW WILL THE EU BAN RUSSIAN GAS? Sanctions are legally …
By Gianluca Lo Nostro and Leo Marchandon (Reuters) -French media group Banijay said on Friday it would pursue “transformative” acquisitions as part of its plans to scale up and win more market share in Europe’s entertainment sector. Banijay, whose main shareholders include the Arnault family, asset manager Tikehau Capital and Vivendi, is in early talks …
France’s Banijay looks to step up M&A drive amid interest in ITV Read More »
By Yamini Kalia and Simone Lobo (Reuters) -Land Securities’ overall annual property valuations slightly missed expectations on Friday, and the British commercial landlord said it plans to invest more in retail properties as store chains are expanding in premium locations. The company has been shedding non-core assets as growth in office space remains weaker in …
UK’s Landsec’s property valuations miss expectations, bets on retail growth Read More »
(Reuters) -Global equity funds attracted the largest weekly inflow in seven weeks in the week through May 14, buoyed by a U.S.-China trade war truce that has significantly reduced the risk of a global recession. According to LSEG Lipper data, global equity funds bagged a net $19.57 billion in inflows during the week, the largest …
Global equity fund inflows surge on trade optimism, inflation relief Read More »
By Karin Strohecker and Lefteris Papadimas LONDON/ATHENS (Reuters) -Investors holding Greece’s growth-linked debt instruments have formed a group to represent their interests, they said, after the government announced earlier this month it planned to buy back the securities. Greece has told its investors that it wanted to repurchase all of the outstanding GDP-linked warrants due …
Greek warrant holders form creditor group as government plans buyback Read More »
By Greg Bensinger SAN FRANCISCO (Reuters) -Alexa, where are your users? More than six weeks after Amazon.com began rolling out the new Alexa+ generative artificial-intelligence-powered voice assistant to hundreds of thousands of people, there is scant evidence it is in regular customers’ hands. The new service was meant to be a triumph for Amazon after …
Weeks after Amazon’s Alexa+ AI launch, a mystery: where are the users? Read More »
LONDON (Reuters) – German power utility Uniper said on Friday it recently signed an agreement to supply power and natural gas to Octopus Energy as the British firm pushes to expand its presence in European markets including Germany, Italy, and Spain. The agreement will allow Octopus to procure a wide range of gas and power …
Germany’s Uniper, Britain’s Octopus Energy sign power and gas agreement Read More »
By Stefano Rebaudo (Reuters) -Sterling was on track for its fifth straight weekly rise against the euro on Friday, while hovering near its highest levels since early April. President Donald Trump’s April 2 announcement of aggressive trade duties triggered a sharp but brief selloff in U.S. assets in the following days, supporting the single currency. …
Sterling on track for fifth weekly rise versus euro, await UK-EU meeting Read More »
OSLO (Reuters) -German utility Uniper is developing its first two solar power farms in Sweden as part of a wider company push to invest into renewable energy, it said on Friday. In a partnership with solar producer Solgrid, Uniper will develop the Segaas and Segerhult solar farms in central Sweden, with a planned joined capacity …
Uniper plans first solar power farms in Sweden in renewables push Read More »
PRAGUE (Reuters) -France’s EDF is going very far in appeals against the Czech Republic’s decision to pick South Korea’s KHNP for a multi-billion dollar nuclear power project and is affecting the country’s security, Czech Prime Minister Petr Fiala said. The Czech government has stepped up its rhetoric against EDF’s challenge this month as it seeks …
