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OneWeb-Eutelsat set for secondary London listing – The Times
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Amazon loses bid to throw out case by UK drivers seeking worker rights
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EU seeks clarification on Italy post-COVID plan, freezes 19 billion euros
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BoE’s Bailey says rate-setters can put inflation before bank worries
In renewed push, Spain to tender EU funds for EVs, batteries in July
Date: March 28, 2023
By Joan Faus BARCELONA (Reuters) – Spain plans to launch two tenders simultaneously around July to pick the recipients of 2 billion euros ($2.16 billion) of EU funds for electric vehicle (EV) and battery production it had failed to allocate last year, a senior government official said. Jose Maria Lopez, the commissioner in charge of...
UK oil, gas firms to leave year’s worth of output in ground with tax hikes-report
Date: March 28, 2023
LONDON (Reuters) – Windfall taxes mean oil and gas producers in the British North Sea will likely leave 500 million barrels of oil equivalent in the ground over the next decade, the equivalent of one year’s output in the ageing basin, industry group OEUK said on Tuesday. Over the past year, Britain has introduced windfall...
UK retailers turn positive on sales hopes after bleak winter
Date: March 27, 2023
LONDON (Reuters) – British retailers reported their first positive sales expectations in seven months, according to a survey published by the Confederation of British Industry on Monday, adding to other recent signs of recovery in the economy. The CBI’s (CBI) expected sales balance for April increased to +9 from -18 in March. Apart from September’s...
Li-Cycle to build French battery processing facility
Date: March 27, 2023
By Ernest Scheyder (Reuters) – Li-Cycle Holdings Corp said on Monday it will build a French facility to break down batteries from forklift manufacturer The Kion Group, marking the latest expansion by the rapidly growing recycling company. The French facility, which is expected to open in 2024 and complement similar sites under development in Germany...
Hungary’s booming wedding market doused by soaring inflation
Date: March 27, 2023
By Gergely Szakacs and Krisztina Fenyo BUDAPEST (Reuters) – Soaring inflation is taking the steam out of Hungary’s wedding market, supercharged in recent years by Prime Minister Viktor Orban’s lavish family support measures, with the number of weddings plunging to a nine-year-low at the start of 2023. Nationalist Orban, in power since 2010, has launched...
Credit Agricole launches China M&A and investment banking business
Date: March 27, 2023
HONG KONG (Reuters) – Credit Agricole, France’s second-biggest listed bank, has become the latest foreign lender to boost its China investment banking operations with the launch of a new unit. The new unit, Credit Agricole (Beijing) Advisory Services, focuses on cross-border merger and acquisition, encompassing purchases, disposals and capital raising, it said in a statement...