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UK’s Drax posts first-half profit fall as biomass generation margin declines

(Reuters) -British power company Drax Group reported a fall of around 11% in its first-half adjusted core profit on Thursday, dragged by a decline in biomass generation margins and a moderation in UK wholesale power prices. (Reporting by Ankita Bora in Bengaluru; Editing by Janane Venkatraman)

Huge quake rocks Russia’s Far East, triggering tsunami warnings around Pacific

(Reuters) -A very powerful magnitude 8.8 earthquake off Russia’s Far Eastern Kamchatka coast on Wednesday triggered tsunami warnings as far away as French Polynesia and Chile, and was followed by an eruption of the most active volcano on the peninsula. The shallow quake damaged buildings and injured several people in the remote Russian region, while …

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Australia, UK leaders discuss Gaza crisis amid Palestinian state recognition plans

SYDNEY (Reuters) -Australian Prime Minister Anthony Albanese said on Thursday that he had discussed the crisis in Gaza with his UK counterpart, Keir Starmer, and reiterated his government’s strong support for a two-state solution for Israel and the Palestinians. Starmer this week said Britain was prepared to recognise a Palestinian state in September at the …

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Airbus presses Dassault for decision following fighter tensions

By Tim Hepher PARIS (Reuters) -Europe’s Airbus challenged its partner Dassault Aviation on Wednesday to “decide what it wants to do” after Dassault questioned arrangements for a new fighter, in the latest sign of tensions over the Franco-German-Spanish project. Dassault and Airbus, two industry rivals called on to work together after French President Emmanuel Macron …

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EU climate goals at risk as ailing forests absorb less CO2, scientists say

By Alison Withers, Kate Abnett and Simon Johnson COPENHAGEN/BRUSSELS/STOCKHOLM (Reuters) -Damage to European forests from increased logging, wildfires, drought and pests is reducing their ability to absorb carbon dioxide, putting European Union emissions targets at risk, scientists warned on Wednesday. The European Union has committed to reaching net zero emissions by 2050. The target includes …

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Hezbollah chief rejects disarmament as pressure on Lebanon grows

BEIRUT (Reuters) -Lebanon’s Hezbollah leader Sheikh Naim Qassem said on Wednesday that calls for the Iran-aligned militant group’s disarmament served only Israel, as the United States ramps up pressure for steps to remove its arsenal. “Those who call for submitting arms practically demand submitting them to Israel … We will not submit to Israel,” Qassem …

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French Polynesia lifts alert after tsunami waves smaller than feared

PARIS (Reuters) -Local authorities lifted the tsunami alert in the Marquesas Islands in French Polynesia on Wednesday and said people could return to their homes, but said residents should remain cautious. Tsunami waves had begun hitting early on Wednesday, but were smaller than initially feared, authorities said. The High Commission of the Republic in French …

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Austrian ambassador to EU quits after reports he kept sexually explicit blog

VIENNA (Reuters) -Austria’s ambassador to the European Union has stepped down, the foreign ministry said on Wednesday, after reports he published an anonymous, sexually explicit blog for years. Thomas Oberreiter, 59, had been permanent representative to the European Union in Brussels since 2023. He did not respond to requests for comment. When Foreign Minister Beate …

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