STOCKHOLM (Reuters) -Sweden’s plans to expand nuclear power to help tackle climate change are likely to cost around 400 billion crowns ($38 billion) and should be financed by government loans and price guarantees, a government appointed commission said on Monday. The government wants 2,500 MW of new nuclear power by 2035 – the equivalent of …
Price tag for new nuclear power in Sweden $38 billion, commission says Read More »
VIENNA (Reuters) – Austrian advocacy group NOYB on Monday filed a complaint against social media platform X accusing the Elon Musk-owned company of training its artificial intelligence (AI) with users’ personal data without their consent in violation of EU privacy law. The group led by privacy activist Max Schrems announced that it had filed General …
X hit with Austrian data use complaint over AI training Read More »
By Sybille de La Hamaide PARIS (Reuters) -Jean Lefevre like many French farmers has just endured one of the worst wheat harvests in decades as rain barely stopped from the moment he started sowing his grain last October to when he started gathering the crop last month. France, the European Union’s largest grain producer, has …
Rain-hit crops create triple whammy for French grain farmers Read More »
By Anna Peverieri (Reuters) – Coffee and tea company JDE Peet’s said on Monday its interim CEO and chairman, Luc Vandevelde, had stepped down just four months after he was appointed. It said Chief Financial Officer Scott Gray would assume the additional role of interim CEO immediately. Peter Harf, non-executive director of the board, will …
JDE Peet’s announces surprise exit of interim CEO and chairman Vandevelde Read More »
COPENHAGEN (Reuters) -Pandora, the world’s biggest jewellery maker, raised its full-year growth outlook on Monday, presenting a more upbeat outlook than some other consumer goods companies as it continues to expand its product range. The company said its operating profit rose to 1.34 billion Danish crowns ($196.25 million) in the second quarter from 1.19 billion …
Pandora raises full-year growth outlook as broader product range pays off Read More »
By Purvi Agarwal and Roshan Abraham (Reuters) -London stocks kicked off the week on a positive note on Monday, supported by resources-linked shares amid rising oil and metal prices, while BT Group shares surged after India’s Bharti took a stake in the telecoms firm. The blue-chip FTSE 100 index was up 0.5% at close, while …
UK’s FTSE 100 ends higher supported by commodity-linked stocks Read More »
(Reuters) – Insurers paid out a record-high 1.4 billion pounds ($1.78 billion) in claims in the UK during the second quarter, primarily due to weather-related catastrophes such as fires and flooding, the Association of British Insurers said on Monday. The average price of home insurance in the country rose by 6% from the previous quarter …
UK insurers pay out record claims as weather-related claims surge, industry body says Read More »
LONDON (Reuters) – Sterling firmed slightly on Monday after four straight weeks of declines versus the dollar, as traders looked ahead to a run of British economic data this week that could influence how quickly the Bank of England (BoE) cuts interest rates. The BoE cut rates for the first time since 2020 at the …
Sterling pauses as traders await key UK economic data Read More »
By Pranav Kashyap (Reuters) -European shares started the week on a positive note on Monday, as investors prepared for U.S. inflation data to gauge the Federal Reserve’s monetary policy path and a deluge of other key data from Europe. The continent-wide STOXX 600 index was up 0.3%, with all European markets trading in the green. …
European shares gain as investors brace for data-packed week Read More »
By Gleb Stolyarov, Filipp Lebedev and Alexander Marrow LONDON (Reuters) – Around $2.3 billion in dollar and euro bills have been shipped to Russia since the United States and EU banned the export of their banknotes there in March 2022 following the invasion of Ukraine, according to customs data seen by Reuters. The previously …
Exclusive-Billions in dollar and euro notes reach Russia despite sanctions Read More »
