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Seven shot dead in another mass shooting in California
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Two energy giants, two green projects: one double-booking in North Sea
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Logitech quarterly sales fall 22% as slowdown fears bite
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Bank funding for renewables stagnates vs oil and gas – report
Digital euro will be free but limited in scope, ECB says
Date: January 24, 2023
FRANKFURT (Reuters) – The digital version of the euro currency will be free to use and available to all but the European Central Bank does not want to keep any personal data on its users, ECB board member Fabio Panetta said on Monday. The ECB is working on a digital version of its currency and...
EU’s planned reforms aim to better protect power bills from market swings
Date: January 23, 2023
By Kate Abnett BRUSSELS (Reuters) – European Union proposals to overhaul its electricity market will attempt to better protect consumer energy bills from short-term swings in fossil fuel prices, the European Commission said on Monday. The EU is reforming its power market to attempt to avoid a repeat of last year, when cuts to Russian...
ECB policymakers spar on rate outlook beyond Feb hike
Date: January 23, 2023
By Balazs Koranyi and Robert Muller FRANKFURT/PRAGUE (Reuters) -European Central Bank policymakers laid out diverging views on future interest rate hikes on Monday, suggesting that moves beyond next week’s half a percentage point increase remain contentious. The ECB promised in December a steady pace of 50 basis point increases spanning multiple meetings to combat sky...
Oil prices hit 7-week high on stronger China outlook
Date: January 23, 2023
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose by around 1% on Monday to a seven-week high, extending last week’s gains on the back of a stronger outlook thanks to an expected economic recovery in top oil importer China this year. Brent crude was up $1.12, or 1.3%, at $88.75 a barrel at 1:14...
Qatar Investment Authority raises stake in Credit Suisse to just under 7%
Date: January 23, 2023
By Hadeel Al Sayegh, Oliver Hirt and Andrew Mills DUBAI (Reuters) – Qatar’s sovereign wealth fund has increased its stake in Credit Suisse to just under 7%, becoming the Swiss bank’s second-largest shareholder after Saudi National Bank, in a sign that its Gulf investor base is growing in importance. The Qatar Investment Authority (QIA) bought...
UK’s National Grid to pay people to use less power as cold snap bites
Date: January 23, 2023
LONDON (Reuters) -Britain’s National Grid said it would pay customers to use less power on Monday and Tuesday evenings this week, the first time it has used a new scheme designed to help prevent power shortages. More than a million households and business are signed up to the Demand Flexibility Service (DFS), which rewards people,...