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EU windfall tax would cost TotalEnergies more than 1 billion euros – CEO
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Europe burns cash to help businesses in deepening energy crisis
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Germany takes over Uniper, raising rescue bill to $29 billion
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Stocks recoup losses after Putin’s nuclear threat; Fed keeps dollar buoyant
Greece extends energy bill subsidies ahead of ‘winter battle’
Date: September 21, 2022
ATHENS (Reuters) – Greece will pay out a further 1.1 billion euros ($1.09 billion) in power bill subsidies in October to shield households and businesses from the impact of soaring energy prices ahead of winter, Energy Minister Kostas Skrekas said on Wednesday. Like other European countries, Greece is grappling with a sharp rise in power...
UK manufacturers gloomy about near-term outlook – CBI
Date: September 21, 2022
By David Milliken LONDON (Reuters) -British manufacturers expect the biggest drop in production since the start of last year over the next three months, a monthly survey from the Confederation of British Industry showed on Wednesday. The CBI’s expected output balance – which measures the difference between the percentage of manufacturers who expect a rise...
European governments spend half a trillion euros on energy crisis – report
Date: September 21, 2022
By Kate Abnett BRUSSELS (Reuters) – Governments in Europe have earmarked nearly 500 billion euros in the last year to cushion citizens and companies from soaring gas and power prices, according to research published by think-tank Bruegel on Wednesday. Months of surging prices have seen governments roll out measures to curb retail power prices, slash...
Putin speech sends sterling to fresh 37-year low ahead of Fed, BoE meetings
Date: September 21, 2022
By Lucy Raitano LONDON (Reuters) – The pound touched a new 37-year low against the dollar on Wednesday after Russian President Vladimir Putin’s accusation of “nuclear blackmail” by the West boosted the safe-haven dollar. An expected interest rate hike by the U.S Federal Reserve (Fed) later in the day played into market sentiment, with eyes...
Factbox-Reaction to UK’s energy support package for businesses
Date: September 21, 2022
LONDON (Reuters) – Britain on Wednesday set out a support package for businesses to deal with soaring energy bills going into the winter season. Below is the reaction to the planned measures, which include a cap on wholesale prices: BRITISH BEER AND PUB ASSOCIATION CEO EMMA MCCLARKIN “It (the scheme) will be a lifeline for...
UniCredit focused on “internal delivery”, open to M&A in all its markets
Date: September 21, 2022
ROME (Reuters) – UniCredit is focused on delivering targets set under its business plan, though it remains ready to seize M&A opportunities in all the markets where it operates, CEO Andrea Orcel said on Wednesday. Speaking at an event in Rome, Orcel sought to clarify comments that appeared on Tuesday in German newspaper Handelsblatt about...