Germany needs $325 billion of power grid investments by 2050, KfW says
FRANKFURT (Reuters) – Germany needs investments of around 300 billion euros ($325 billion) by the middle of the century to equi..
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Stellantis to expand hybrid vehicle line to meet growing demand
PARIS (Reuters) – Stellantis said on Tuesday it would expand its line of affordable hybrid vehicles to 36 models in Europe by 2..
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Samsung Electronics wins cutting-edge AI chip order from Japan’s Preferred Networks
SEOUL (Reuters) – Samsung Electronics said on Tuesday it won an order from Japanese artificial intelligence company Preferred N..
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Dubai’s high-end property sales undented by drop in listings, consultancy says
DUBAI (Reuters) -The number of homes worth $10 million or more that were sold in Dubai held steady in the first half of the year desp..
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German growth package offers limited boost, say economists
By Maria Martinez and Christian Kraemer BERLIN (Reuters) – Germany’s new economic growth package will fall short of the ou..
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French asset prices swing as investors grapple with election result
By Harry Robertson, Alun John and Dhara Ranasinghe LONDON (Reuters) -French shares and bond prices turned higher in early trading on ..
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Ocado builds on Aeon partnership with plans for third robotic warehouse
LONDON (Reuters) – British online supermarket and technology group Ocado said on Monday it had boosted its partnership with Jap..
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Exclusive-NATO will need 35-50 extra brigades under new defence plans, source says
By Sabine Siebold WASHINGTON (Reuters) – NATO will need between 35 and 50 extra brigades to fully realise its new plans to defe..
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Fewer UK companies plan to increase prices, survey shows
LONDON (Reuters) – Fewer British firms plan to raise their prices in the coming months, according to a survey that will give re..
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Oil prices on track for fourth straight week of gains
SINGAPORE (Reuters) – Oil prices were little changed in Asian trade on Friday but were on track for a fourth straight week of g..
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Russia swelters in heat wave, Moscow breaks 1917 record for early July
MOSCOW (Reuters) – Russians were braving some of the hottest weather seen in more than a century on Thursday with Moscow breaki..
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UK’s Barclays to sell German consumer finance business
(Reuters) -Barclays is selling its German consumer finance business to Austrian bank BAWAG Group AG for a small premium to net assets..
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Ericsson to book $1.1 billion impairment on weaker outlook for Vonage
(Reuters) -Mobile telecoms equipment maker Ericsson said on Wednesday it will record a noncash impairment charge of 11.4 billion Swed..
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Dollar on defensive after soft data, battered yen under watch
Dollar on defensive after soft data, battered yen under watch By Brigid Riley TOKYO (Reuters) – The dollar was on the back foot ..
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World stocks rise on rate cut bets, yen flounders at 38-year lows
World stocks rise on rate cut bets, yen flounders at 38-year lows By Alun John and Dhara Ranasinghe LONDON (Reuters) -Shares around th..
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Sterling set for fifth daily rise ahead of UK election
LONDON (Reuters) – The pound rose on Wednesday, taking advantage of a softening in the dollar and a reading of business activit..
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Development banks get ratings boost on climate clauses and hybrid bonds
By Marc Jones LONDON (Reuters) – The World Bank and other top development banks got a double boost on Tuesday as Fitch said deb..
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Spain to crack down on holiday rentals to address housing crisis
Spain to crack down on holiday rentals to address housing crisis MADRID (Reuters) – Spain’s government on Wednesday announ..
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Oil rises on US crude inventory draw, Mideast tensions
By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices rose on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude..
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UK’s Vodafone and Virgin Media agree new network sharing deal
LONDON (Reuters) – Britain’s Vodafone and Virgin Media O2 agreed a new network sharing agreement to extend their existing..
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Rivian says no plans to produce vehicles with VW after media report on early talks
Rivian says no plans to produce vehicles with VW after media report on early talks SAN FRANCISCO (Reuters) -Rivian on Tuesday said it ..
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Spain’s Iberdrola calls for greenwashing rules
By Pietro Lombardi MADRID (Reuters) – Clear rules defining green energy are necessary to tackle misleading or exaggerated clima..
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Shares flat, US Treasury yields weaken as markets weigh Fed chair comments
Shares flat, US Treasury yields weaken as markets weigh Fed chair comments By Chibuike Oguh NEW YORK (Reuters) -Global stocks were fla..
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Factbox-Battles over CEO pay across the globe
(Reuters) -A majority of Salesforce shareholders voted against a compensation plan for CEO Marc Benioff and other top executives, acco..
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UK’s Sainsbury’s sales up 3%, poor weather dents non-food demand
UK’s Sainsbury’s sales up 3%, poor weather dents non-food demand By James Davey LONDON (Reuters) -Sainsbury’s, Brita..
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Sterling dented by one-two punch from dollar and euro
Sterling dented by one-two punch from dollar and euro LONDON (Reuters) – The pound neared its lowest in almost two months agains..
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US Treasury yields boost dollar, Powell speech in focus
US Treasury yields boost dollar, Powell speech in focus By Amanda Cooper and Stefano Rebaudo (Reuters) -Rising U.S. yields supported t..
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Shell to pause Dutch biofuels project as market sags
By Ron Bousso LONDON (Reuters) -Shell will pause construction work at one of Europe’s largest biofuel plants due to weak market..
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Qatar Airways posts 39% jump in annual profit to record $1.67 billion
DUBAI (Reuters) – Qatar Airways posted a 39% jump in annual net profit to a record 6.1 billion Qatari riyals ($1.67 billion) on..
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German industry turns to solar in race to cut energy costs
By Riham Alkousaa BERLIN (Reuters) – For months, Philip Matthias tried to convince his father to install solar panels on their ..
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UK’s Sainsbury’s says weak non-food weighs on quarterly sales growth
LONDON (Reuters) -Sainsbury’s, Britain’s second largest supermarket group, kept its annual financial guidance as it repor..
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French catering group Sodexo lags Q3 sales expectations
(Reuters) – French food caterer Sodexo reported slightly lower than expected third-quarter sales on Tuesday, citing a change in..
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Global factory activity has mixed performance in June, PMIs show
By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) -Manufacturing activity in Europe suffered a setback last month but Asian f..
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Euro rallies as French far right faces tricky path to majority
Euro rallies as French far right faces tricky path to majority By Rae Wee and Harry Robertson SINGAPORE/LONDON (Reuters) -The euro jum..
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European stocks rally after first round of French vote
(Reuters) – European stocks rallied on Monday, with French shares leading the way after the far-right National Rally (RN) party..
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Sanofi eyes investment of up to $1.6 billion in Germany, Handelsblatt says
FRANKFURT (Reuters) – French drugmaker Sanofi is nearing a decision to invest between 1.3 billion euros and 1.5 billion euros (..
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Exclusive-Boeing agrees to buy Spirit Aero for $4.7 billion, sources say
By Mike Stone and Allison Lampert WASHINGTON (Reuters) -Boeing agreed on Sunday to acquire Spirit AeroSystems for more than $4 billio..
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