By Angelo Amante and Francesca Landini CATANIA, Italy (Reuters) – At the foot of Mount Etna in Sicily’s ancient city of Catania, utility Enel has begun work on a giant factory with the ambition of helping to end China’s dominance of the solar market and to galvanise Italy’s under-developed south. The project to expand the …
Enel turns to Sicily to take on China’s solar dominance Read More »
(Reuters) – Major industries, including energy, steel and chemicals, are looking at how to switch to hydrogen as a fuel to help to reduce carbon emissions. Hydrogen is one of the most abundant elements in the universe, but traditional methods of producing it at scale release large amounts of carbon dioxide. There are ways to …
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace and scale of rate hikes delivered by central banks in November picked up speed again as policy makers around the globe battle decade high inflation. Central banks overseeing six of the 10 most heavily traded currencies delivered 350 basis points (bps) of rate hikes …
Global central banks extend rate hike push in November Read More »
A look at the day ahead in European and global markets from Tom Westbrook: The Fed is in blackout and the World Cup is starting to get serious. And this week’s calendar is relatively light, leaving traders free to focus on the soccer, save for the U.S. ISM services survey and European retail sales data …
BEIJING (Reuters) – China’s services activity shrank to six-month lows in November as widening COVID containment measures weighed on demand and operations, a private-sector business survey showed on Monday, pointing to a further hit to economic growth. The Caixin/S&P Global services purchasing managers’ index (PMI) fell to 46.7 from 48.4, marking the third monthly contraction …
China services activity shrinks to 6-month lows – Caixin PMI Read More »
(Reuters) – Investors including Saudi Arabia’s crown prince and a U.S. private-equity firm run by a former Barclays CEO have shown interest in investing $1 billion or more in Credit Suisse’s new investment banking unit, the Wall Street Journal reported on Sunday. Crown Prince Mohammed bin Salman is considering an investment of around $500 million …
Credit Suisse’s investment bank draws interest from Saudi crown prince – WSJ Read More »
(Reuters) -President Joe Biden and French President Emmanuel Macron agreed during a state visit earlier this week to “fix” issues arising from U.S. legislation that includes subsidies for American-made products, Macron said in a bid to assuage European concerns. Biden’s Inflation Reduction Act is a new $430 billion bill offering massive subsidies for U.S.-made products …
U.S., France agreed to “fix” U.S. subsidies issues, says Macron Read More »
BRUSSELS (Reuters) – The Group of Seven nations, Australia and the 27 European Union countries imposed on Dec. 5 a price cap on Russian crude oil transported by ships, aiming to reduce Moscow’s ability to finance its war in Ukraine and preserve stability on the global oil market. The price cap comes on top of …
Factbox-G7 price cap on Russian seaborne crude oil – main elements Read More »
LONDON (Reuters) – Britain’s government is launching a consultation into how to amend pension rules for workers in the National Health Service to help retain more staff, at a time when the sector faces strikes over pay this month that could halt some procedures. The governing Conservative Party has long promised to sort out a …
British government looks at pension rules to retain health workers Read More »
SAO PAULO (Reuters) – Brazil’s Real Madrid forward Vinicius Jr is trying to terminate his sponsorship agreement with Nike Inc, website UOL reported on Sunday, saying the player feels he has been getting unfair treatment from the U.S.-based company. Vinicius Jr, who is currently with the national team at the Qatar World Cup, has contacted …
Soccer-Brazil’s Vinicius Jr looking to terminate Nike deal, report says Read More »
