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COP27: Polluters must pay for climate change, poor nations tell rich
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Analysis-At COP27, nature protection takes root – but value still unclear
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EDF says to standardise corrosion repair works at nuclear plants
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Kashmir’s farmers suffer floods and drought as glaciers melt
Analysis-Can COP27 deter Africa from a ‘dash for gas’ in green energy transition?
Date: November 8, 2022
By Megan Rowling BARCELONA (Thomson Reuters Foundation) – It may not be on the official agenda at the COP27 climate summit in Egypt, but the thorny question of whether African nations should receive financial support to produce, use and export natural gas as part of a clean energy transition is on everyone’s lips. Climate campaigners...
Blow for EU crackdown on tax deals as Fiat wins appeal
Date: November 8, 2022
By Foo Yun Chee LUXEMBOURG (Reuters) -Fiat Chrysler on Tuesday won its fight against an EU order to pay 30 million euros ($30 million) in back taxes to Luxembourg, dealing a major setback to EU antitrust chief Margrethe Vestager’s crackdown on sweetheart deals between EU countries and multinationals. In her 2015 decision, Vestager said Luxembourg...
Bayer beats Q3 profit forecast on strong herbicide sales
Date: November 8, 2022
By Ludwig Burger FRANKFURT (Reuters) -Agriculture and pharmaceuticals company Bayer on Tuesday reported better-than-expected quarterly earnings as higher prices for glyphosate-based weedkillers made up for a decline in sales of its stroke prevention pill Xarelto. The German company said in a statement third-quarter adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 17.3% to...
Pandora braces for recession despite resilient demand
Date: November 8, 2022
By Nikolaj Skydsgaard COPENHAGEN (Reuters) -Danish jewellery maker Pandora reported third-quarter sales just above expectations on Tuesday and said it is braced for recession even though shopper demand has proven resilient in the face of soaring living costs. “Despite macroeconomic and geopolitical uncertainty, the shopping patterns of our consumers are so far largely unchanged,” Chief...
Munich Re firmly sticks to 2022 target after quarterly profit rise
Date: November 8, 2022
FRANKFURT (Reuters) – Munich Re on Tuesday said it posted a 44% rise in net profit in the third quarter, despite big claims from Hurricane Ian, and it “firmly” stuck to its full-year earnings target. Net profit in the quarter of 527 million euros ($527.21 million) compares with 366 million euros a year ago when...
Commerzbank, Norsk Hydro to invest 600 million euro into 1 GW of Danish solar
Date: November 8, 2022
By Nora Buli OSLO (Reuters) – A joint venture of subsidiaries of Germany’s Commerzbank and Norway’s Norsk Hydro will invest 600 million euros ($599 million) to build 1 gigawatt (GW) of solar capacity in Denmark, project developer GreenGo said on Tuesday. The total energy production of the targeted project portfolio corresponds to around 4% of...