Exclusive-Naftogaz CEO prepared to step down if it would facilitate debt deal
By Andrea Shalal KYIV (Reuters) – The head of state-run Ukranian energy company Naftogaz is ready to step down if it would help ..
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Global body urges EU to make company life simpler by aligning climate reporting
By Huw Jones LONDON (Reuters) – The European Union should make extra time to align its policies with international rules on repo..
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Botswana awards Norway’s Scatec first large-scale solar plant contract
GABORONE (Reuters) – State-owned Botswana Power Corporation (BPC) has awarded Norwegian company Scatec ASA a contract to build a..
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French sugar makers to start output early as energy curbs loom
By Sybille de La Hamaide PARIS (Reuters) -France’s two largest sugar makers Tereos and Cristal Union will bring forward the star..
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Hackers hit Italian oil company Eni’s computer networks
(Reuters) -Italian oil company Eni’s computer networks were hacked in recent days but the consequences appear to be minor so far..
Companies
Russia jobless rate stays at record low of 3.9% in July
MOSCOW (Reuters) – The number of people unemployed in Russia was 2.9 million in July, or 3.9% of the workforce, with the jobless..
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Barclays announces sale of remaining shares in South Africa’s Absa
LONDON (Reuters) – Barclays will sell its remaining 7.4% stake in South African bank Absa, it said on Wednesday, completing its ..
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Russia’s Gazprom expects increase in 2022 revenue
MOSCOW (Reuters) -Russian gas giant Gazprom showed very good results in the first half and its 2022 revenue will exceed last year̵..
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EDF staff, shareholders file complaint over management
By Julien Ponthus and Tassilo Hummel PARIS (Reuters) – An association of EDF staffers and shareholders seeking a higher price fo..
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UniCredit gets ECB’s green light for second 1 billion euro share buyback
By Valentina Za MILAN (Reuters) – UniCredit on Wednesday said it had gained supervisory approval for a new share buyback of up t..
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Spanish toddler dies after being hit by giant hailstone
MADRID (Reuters) – A 20-month-old girl died after being struck on the head during a violent hailstorm that caused havoc in Catal..
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Foreign tourism to Portugal surpasses pre-COVID levels in July
LISBON (Reuters) – The number of foreign tourists visiting Portugal slightly surpassed pre-pandemic levels in July for the first..
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Investors flee UK bonds, pushing gilts to huge monthly loss
LONDON (Reuters) -Investors alarmed at Britain’s bleak economic outlook and political uncertainty dumped government bonds on Wed..
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Euro slips back below parity, Norwegian krone falls on planned cbank FX purchases
By Samuel Indyk LONDON (Reuters) – The euro slipped back below parity against the dollar on Wednesday and was on track for its t..
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Britain’s Queen Elizabeth will appoint new prime minister at Balmoral
LONDON (Reuters) -Queen Elizabeth will break with tradition to appoint Britain’s new prime minister at her Balmoral Castle resid..
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Turkey’s economy grew 7.6% in Q2 driven by domestic demand, exports
By Nevzat Devranoglu and Ali Kucukgocmen ISTANBUL (Reuters) – Turkey’s economy grew 7.6% year-on-year in the second quarte..
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German bonds set for worst month in decades as inflation hits new highs
By Dhara Ranasinghe LONDON (Reuters) – Germany’s borrowing costs rose to their highest level in over two months on Wednesd..
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EU to restrict travel rules for Russians, split on how far to go
By Sabine Siebold and Robert Muller PRAGUE (Reuters) -The EU’s foreign policy chief on Wednesday urged bickering nations to sett..
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UK energy bill help won’t lower inflation, statisticians rule
By Andy Bruce LONDON (Reuters) -British government energy bill rebates for households cannot be viewed as lowering inflation, official..
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Foreign business travel missing ingredient for Irish hotel recovery – Dalata
By Padraic Halpin DUBLIN (Reuters) – Executives at Ireland’s large hub of multinational companies are still only going on ..
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Toyota Motor to invest $5.3 billion in Japan, U.S. for EV battery supply
(Reuters) -Toyota Motor Corp said on Wednesday it would invest up to 730 billion yen ($5.27 billion) in Japan and the United States to..
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PIMCO cut big position in Russia CDS by adding bonds in Q2
By Davide Barbuscia NEW YORK (Reuters) -PIMCO’s largest investment fund bought Russia government international bonds and hedged ..
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Euro zone yields steady as German inflation hits nearly 50-yr high
LONDON (Reuters) – Euro zone government bond yields steadied on Tuesday just below the multi-week highs hit on Monday as energy ..
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Oil slides more than $3 on inflation and Iraq exports
By Rowena Edwards LONDON (Reuters) -Oil prices fell by more than $3 a barrel on Tuesday on fears that an inflation-induced weakening o..
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Analysis-France braces for uncertain winter as nuclear power shortage looms
By Forrest Crellin, Silvia Aloisi and Nina Chestney PARIS (Reuters) – France, once Europe’s top power exporter, may not pr..
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Shares and bonds stabilise on pause in bad news
Shares and bonds stabilise on pause in bad news
By Lawrence White LONDON (Reuters) – Shares tiptoed higher and Eurozone bond yields fell on Tuesday as investors took a breather ahead of the ne..
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ECB bets boost euro, dollar slips from 20 year peak
By Alun John HONG KONG (Reuters) – The euro climbed past parity against a softening dollar on Tuesday, thanks to lower energy pr..
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Vienna power firm denies speculating in futures as it seeks state loan
VIENNA (Reuters) – Vienna’s main power company, which has asked the federal government for billions of euros in credit to ..
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Near 50-year high German inflation strengthens case for larger ECB rate rise
BERLIN (Reuters) -German inflation rose to its highest level in almost 50 years in August, beating a high set only three months earlie..
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Explainer-Why Russia drives European and British gas prices
By Susanna Twidale LONDON (Reuters) – The Nord Stream 1 pipeline that transports gas from Russia to Germany will undergo mainten..
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Carrefour CEO says inflation crisis turning consumers into penny-pinchers
PARIS (Reuters) – Cost-conscious French consumers are ditching fish, buying cheaper meat and snubbing organic food to save money..
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ECB must swiftly normalise rates; neutral may not be enough, Knot says
(Reuters) -The European Central Bank must swiftly normalise interest rates as inflation could still go higher and lifting rates to the..
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Exclusive-Iraqi Kurdistan’s oil output could halve without investment – documents
By Amina Ismail and Maha El Dahan ERBIL (Reuters) – Oil production in the Iraqi region of Kurdistan could almost halve by 2027 i..
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German EU-harmonised consumer prices up 8.8% y/y in August
(Reuters) – German consumer prices, harmonised to compare with other European countries, were up 8.8% on the year and rose by 0...
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How can you secure the network connecting your workforce?
By: Tom Major, VP Solution Consulting – GTT The meaning of the phrase “going to work” has changed in ways we never would h..
Business
EU sets sights on energy market reform as prices soar
By Kate Abnett BRUSSELS (Reuters) -The European Union is drafting emergency plans to intervene in its energy market, as pressure grows..
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Polish cabinet backs 2023 budget with 65 billion zloty deficit, PM says
WARSAW (Reuters) -The Polish government has approved a 2023 draft budget that envisages a deficit of around 65 billion zloty ($13.8 bi..
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