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ECB’s Rehn says speed, scale of rate cuts to be decided at each meeting
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UK’s Capita flags up to 140 million pound cash outflow in 2024, shares fall
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EU solar growth slows, raising fears for energy transition
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Olympics-UK Sport to pump $418 million into sports for LA 2028 Games
UK hands water customers bigger payouts for service failures
Date: December 17, 2024
LONDON (Reuters) – Britain said it was increasing compensation payments for customers whose water supply is temporarily cut off, its latest attempt to improve the water sector after poor service and environmental pollution sparked public anger. The government is trying to fix Britain’s broken privatised water industry after years of under-investment caused frequent sewage spills....
Dollar supported as longer-run US rates seen higher
Date: December 17, 2024
SINGAPORE (Reuters) -The dollar held firm and near recent peaks on Tuesday, on the eve of an expected interest rate cut in the United States, as traders have ratcheted long-term rate assumptions higher. The friendless euro, which is heading for a calendar-year drop of nearly 5% on the dollar, was not far from recent troughs...
New EU renewable energy target faces nuclear roadblock
Date: December 17, 2024
By Kate Abnett BRUSSELS (Reuters) – European Union plans for a new renewable energy goal hit early resistance on Monday from pro-nuclear governments, who indicated they would not back a goal that excludes atomic energy. The EU’s 27 member countries have opposing views on nuclear power, and political disputes over the energy source have delayed...
UK approves Indian group Bharti’s purchase of 24.5% stake in BT
Date: December 17, 2024
LONDON (Reuters) -The British government on Monday approved Indian group Bharti Global’s purchase of a 24.5% stake in London-listed BT, following a detailed national security assessment and assurances from the telecoms company. The purchase of the shares, worth 3.2 billion pounds, was made from the previous top investor, Patrick Drahi’s Altice, under the terms set...
French parliament approves bill to roll over budget, avoiding shutdown
Date: December 17, 2024
PARIS (Reuters) – France’s National Assembly, the lower house of parliament, on Monday approved a special law designed to maintain core state functions and prevent any interruption of public services, three days after President Emmanuel Macron named Francois Bayrou as his fourth prime minister of 2024. The French constitution allows for a special law to...
EU kick starts new secure satellite constellation
Date: December 16, 2024
BRUSSELS (Reuters) – The European Commission on Monday awarded contracts to push forward delayed plans for a 10.6 billion euro ($11.13 billion) secure European satellite constellation in response to Elon Musk’s Starlink and other fast-growing internet networks. The multi-orbit array of more than 280 satellites known as IRIS² will provide an encrypted backbone for European...