PARIS (Reuters) -French President Emmanuel Macron on Monday delayed the announcement of his divisive pension reform plans from this week to January, as his government seeks to win over unions and drum up more political support. Macron has made it clear he wants to raise the retirement age – a proposal that has already met …
France’s Macron delays divisive pension reform plans until January Read More »
KUWAIT (Reuters) – Libya is producing about 1.2 million barrels per day of oil, oil minister Mohamed Oun told reporters on the sidelines of an OAPEC meeting on Monday. “We hope to return to 2010 levels, which was 1.6 million bpd, within two or three years,” he added. He added that he hoped that Libya’s …
Libyan oil production at 1.2 million barrels per day, oil minister says Read More »
BRUSSELS (Reuters) – The European Union needs to review its budget and consider launching a new fund for the major additional energy investments needed to wean countries off Russian gas, European Commission President Ursula von der Leyen said on Monday. “The question is whether it [the EU budget] is still fit for purpose, and a …
EU eyes new fund for energy investments to quit Russian gas Read More »
By Sarah Young LONDON (Reuters) – British nurses will go on strike this week, hitting already stretched hospitals and cranking up pressure on Prime Minister Rishi Sunak to quell the biggest wave of industrial action to hit the country in decades. The walkout comes as strikes cripple the rail network and postal service, airports brace …
Britain braces for winter of strike action as nurses walk out Read More »
By Huw Jones (Reuters) – Microsoft is to take a 4% equity stake in London Stock Exchange Group as part of a 10-year commercial deal to migrate the exchange operator’s data platform into the cloud, the British company said on Monday. It is the latest sign of deepening ties between financial services providers and a …
Microsoft to buy 4% stake in London Stock Exchange Read More »
LONDON (Reuters) – Sterling held steady against the dollar on Monday, as a murky economic growth outlook outweighed positive data for October ahead of the Bank of England’s next policy decision due later this week. At 1028 GMT, the pound was down a marginal 0.07% against the dollar at $1.22750. Meanwhile, it fell 0.1% versus …
Sterling steady as growth risks outweigh upbeat Oct data Read More »
By Indradip Ghosh BENGALURU (Reuters) – The Swiss National Bank will hike its policy rate by a smaller 50 basis points on Thursday, as is also expected by the European Central Bank, according a majority of economists in a Reuters poll, with a significant minority expecting an even bigger move. With inflation running well above …
SNB to go for 50bp rate hike on Thursday, but larger move possible: Reuters Poll Read More »
BERLIN (Reuters) – TUI, the world’s largest holiday company, is seeing growing demand for travel despite the energy crisis and double-digit inflation, the company said on Monday, as it sets its sights on strong business in the summer of 2023. The number of people booking early for the popular summer holiday season was up on …
TUI hopes for strong summer for travel despite inflation Read More »
LONDON (Reuters) – London-listed Savannah Energy has agreed to buy producing oil fields in South Sudan from Malaysia’s state energy firm Petronas for up to $1.25 billion, it said on Monday. The announcement followed Exxon Mobil Corp closing a $407 million sale of its operations in Central Africa’s Chad and Cameroon to Savannah on Friday. …
Savannah Energy follows Chad deal with South Sudan acquisition Read More »
By Nora Buli OSLO (Reuters) – Norway will not have to ration power supplies this winter or in the coming spring even in the event of an extended cold period and wider energy challenges in the Nordic region, the country’s energy regulator NVE said on Monday. “Our analyses show that even with significant operational challenges …
Norway not at risk of power rationing this winter or spring, regulator says Read More »
