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Explainer-What is an ‘everything app’ and why does Elon Musk want to make one?
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Jeers, scuffles as trial of 2013 Spanish train disaster that killed 80 begins
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Banning Russian aluminium would create uncertainty about LME’s role -Rusal
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France to turn off hot water in public offices to save energy
Italy’s De Nora teams up with GES on hydrogen battery project
Date: October 6, 2022
ROME (Reuters) – Italian electrode maker De Nora and Green Energy Storage (GES) said on Wednesday they had established a partnership to develop a hydrogen battery prototype. The companies said they will build a platform to test, develop and optimise the battery, which is in a pre-industrialised stage. The partnership will focus on, among other...
China, equities weigh as EM sees another month of outflows – IIF
Date: October 6, 2022
By Rodrigo Campos (Reuters) – Emerging market portfolios saw another month of foreign outflows in September, the seventh of the last eight, as non-residents pulled money out of EM stocks and away from China, data from the Institute of International Finance showed on Wednesday. China debt markets lost $1.4 billion in September for a total...
Polish central bank holds rates, points to slowdown ahead
Date: October 6, 2022
By Anna Koper WARSAW (Reuters) -The National Bank of Poland (NBP) kept its main interest rate on hold at 6.75% on Wednesday, it said, opting to leave borrowing costs unchanged despite soaring inflation as it warned of an economic slowdown in the coming months. With regional peers finishing monetary tightening cycles, Polish policymakers had also...
Philip Morris offers EU concessions in $16 billion Swedish Match deal
Date: October 6, 2022
BRUSSELS (Reuters) – Marlboro maker Philip Morris has offered concessions to address EU antitrust concerns over its $16 billion bid for tobacco and nicotine products maker Swedish Match, a European Commission filing showed on Wednesday. The EU competition enforcer did not provide details of the concessions in line with its policy. It will seek feedback...
Glencore to place Nordenham zinc smelter on care and maintenance from Nov 1
Date: October 6, 2022
LONDON (Reuters) -Miner and trader Glencore will place its Nordenham zinc smelter in Germany on care and maintenance from Nov. 1, it said in a memo. “The cessation of production is a reaction to various external factors affecting the business and wider European industry,” said Koen Demesmaeker, chairman of the supervisory board, in the memo....
Euro zone bond yields rise, focus on economic data
Date: October 5, 2022
By Stefano Rebaudo (Reuters) – Euro zone government bond yields rose on Wednesday, but stayed well below multi-year highs, as concerns about systemic risks and economic slowdown led investors to lower bets on where interest rates might peak. But the prospect of less aggressive monetary policy is likely to fade if inflation keeps surprising on...