BP plans large-scale green hydrogen project in UK
BP (BP.L) said on Monday it plans to set up a large-scale green hydrogen production plant in northeast England, generated with wind, water and solar energy to aid Britain’...
Oil rebounds to $76 on speculation Omicron-related drop overdone
Oil rebounded by almost 5 per cent on Monday to $76 a barrel as some investors viewed Friday’s slump in oil and financial markets on concern about the Omicron coronavirus variant ...
Costly Airbus paint flaw goes wider than the Gulf
A dispute between Airbus (AIR.PA) and Qatar Airways over paint and surface flaws on A350 jets stretches beyond the Gulf, with at least five other airlines raising concerns since ...
Nissan unveils $18 bln electrification push in bid to draw level with rivals
Nissan Motor Co (7201.T) announced it will spend 2 trillion yen ($17.59 billion) over five years to accelerate vehicle electrification to catch up with competitors in one of the fastest growth areas ...
Chip shortage to cost Daimler Truck billions in revenues
Daimler Truck Chief Martin Daum expects the global chip shortage to hit revenues by several billion euros this year and sees the problem continuing into next year, Automobilwoche reported on ...
D. Telekom, Vodafone, others want US tech giants to help fund network costs
US tech giants should bear some of the costs of developing Europe’s telecoms networks because they use them so heavily, chief executives of Deutsche Telekom (DTEGn.DE), Vodafone (VOD....
Amazon exec says Omicron’s impact on holiday spending uncertain
A senior Amazon.com Inc (AMZN.O) executive said it remains too early to predict how the Omicron coronavirus variant will impact consumer spending during the holiday season but suggested ...
ECB’s Lagarde says eurozone in better shape facing new COVID wave, Omicron variant
The eurozone is better equipped to face the economic impact of a new wave of COVID-19 infections or the Omicron variant, European Central Bank President Christine Lagarde said.
Several European ...
Cryptocurrencies tumble as coronavirus variant shakes markets
Bitcoin tumbled over 9 per cent on Friday, dragging smaller tokens down, after the discovery of a new, potentially vaccine-resistant coronavirus variant saw investors dump riskier assets for the perceived safety ...
Carmakers get inventive as global chip crisis bites
Whether buying computer chips directly from manufacturers, reconfiguring cars, or producing them with parts missing, automakers are having to get creative to cope with the global shortage of semiconductors.
The ...
Erdogan orders probe into Turkish lira’s slump
Turkish President Tayyip Erdogan has ordered an investigation into possible currency manipulation after the lira fell sharply to record lows against the dollar this week, the Anadolu news agency reported ...
UK inflation expectations fall for first time in 6 months
Expectations among the British public for inflation over the next year fell for the first time in six months in November and were steady looking further ahead, according to a ...
COP26 and climate change: green transition will require more commitments
By Ioannis Tirkides
COP26, the UN Climate Change summit in Glasgow, ended on 13 November after two weeks of negotiations and a one-day extension, admittedly with only modest results. The conference ...
Shortages cast shadow over Britain’s Black Friday
Britain’s retailers are hoping Black Friday discount day will get shoppers spending, though it takes place against a backdrop of shortages of both products and drivers to deliver them.
...
KKR offer prompts Telecom Italia board showdown over CEO’s future
Telecom Italia faces another boardroom showdown after Luigi Gubitosi told them he was ready to quit as chief executive if that helped speed their decision over KKR’s takeover proposal.
...
Supercharged Turkish stocks rally not everything it seems
The lira’s plunge has propelled Turkey’s exporter-dominated stock market to its best month in 12 years, but for foreign investors, who have just started dipping their toes in again, ...
Spain’s market regulator scolds soccer star Iniesta for promoting Binance
The Spanish market regulator scolded soccer star Andres Iniesta on Wednesday evening after he promoted cryptocurrency exchange platform Binance on his Twitter and Instagram accounts.
“I’m learning how to ...
German banks vulnerable to housing bubble; should build buffers: Bundesbank
Germany’s banks are increasingly vulnerable to an overvalued property market and finance authorities should force lenders to build up capital buffers, the Bundesbank said on Thursday in a regular ...
Europe’s big payday remains elusive even as inflation surges
Visions of spiralling wage inflation in the eurozone have dominated the talking points of conservative central bankers in recent weeks as they called for a moderation in central bank stimulus.
...
Prada’s heir designate vows to keep group in family hands
Lorenzo Bertelli, the eldest son and heir designate to Prada’s Chief Executive Patrizio Bertelli, vowed to keep the family-controlled luxury fashion group independent when he takes the reins in ...
Amid Bukele’s bitcoin hype, not all Salvadorans ‘Feel the Bit’
El Salvador’s President Nayib Bukele took the stage last weekend at the end of “Bitcoin Week” to the cheers of fans delighted his Central American country has become the ...
UK to require charge points for electric vehicles in new buildings
Charging points for electric vehicles will be required to be installed in new buildings in Britain from next year under new legislation to be announced by Prime Minister Boris Johnson, ...
Tesla employees in Germany plan works council
Employees at Tesla’s (TSLA.O) huge new factory near Berlin will elect a works council to represent their interests, a German trade union said on Tuesday.
The IG Metall ...
OPEC+ challenged with release of oil reserves
The administration of US President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and ...