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ECB engaged in bringing down inflation to 2% in two to three years from now – Villeroy
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Top diamond producer De Beers names Equinor’s Cook as new CEO
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German voters deliver mixed verdict on Scholz coalition in regional poll
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OMV: Q3 retail and commercial margins increased q/q
German gas commission agrees proposals to ease impact of soaring prices
Date: October 10, 2022
BERLIN (Reuters) -Germany’s expert commission charged with drawing up plans to ease the impact of soaring gas prices on consumers agreed on a set of proposals early on Monday, sources close to the talks said. A draft of a paper seen by Reuters earlier showed the commission favoured the state giving households and businesses a...
Stellantis, GME Resources seal nickel and cobalt deal for battery production
Date: October 10, 2022
PARIS (Reuters) -Carmaker Stellantis has signed a non-binding preliminary agreement with GME Resources to secure supplies of nickel and cobalt sulphate for electric vehicle (EV) batteries, the two companies said on Monday. The deal marks a further move by the world’s fourth largest carmaker to lock down supplies of metals needed for batteries that power...
Nissan pushes partner Renault to sell down stake, may raise funds -source
Date: October 10, 2022
(Reuters) -Nissan Motor Co Ltd is pressing French partner Renault SA to cut its stake in the Japanese automaker as much as possible, ideally to 15%, and may consider raising funds to buy back the shares, a source familiar with the matter said. The demands were made in exchange for Nissan agreeing to invest in...
Taiwan says war with China ‘absolutely’ not an option, but bolstering defences
Date: October 10, 2022
By Yimou Lee and Ben Blanchard TAIPEI (Reuters) -War between Taiwan and China is “absolutely not an option”, Taiwan President Tsai Ing-wen said on Monday, as she reiterated her willingness to talk to Beijing and also pledged to boost the island’s defences including with precision missiles. Democratic Taiwan, which China claims as its territory, has...
Analysis-How China’s Xi accumulated power, and why it matters in a third term
Date: October 10, 2022
By Yew Lun Tian BEIJING (Reuters) – One of Xi Jinping’s first moves after winning China’s top job as general secretary of the Communist Party in 2012 was to reinstate regular “democratic life sessions” with fellow leaders in the 25-member Politburo, a staple of the Mao Zedong era. Restoring the practice, which entails self-criticism in...
Amazon.com to invest over 1 billion euros in European electric van, truck fleet
Date: October 10, 2022
By Nick Carey LONDON (Reuters) – Amazon.com Inc said on Monday it will invest more than 1 billion euros ($974.8 million) over the next five years in electric vans, trucks and low-emission package hubs across Europe, accelerating its drive to achieve net-zero carbon. The retailer said the investment was also aimed at spurring innovation across...