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EU health regulator says COVID pandemic not over
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U.S. dollar gains ahead of Fed; Swedish crown falls after hike
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Spain readies system of flexible energy use in peak hours
In Germany, energy price shock triggers fears of insolvency wave
Date: September 20, 2022
By Marta Orosz and Alexander Hübner FRANKFURT/MUNICH (Reuters) – Hakle has been a German household name since 1928, but the Duesseldorf-based toilet paper manufacturer said all it took was this summer’s gas price shock to drive it into insolvency. Energy-intensive firms such as Hakle were particularly vulnerable after Russian gas supply cuts to Europe, which...
Fries shortage resolved, successor to McDonald’s in Russia eyes full reopening
Date: September 20, 2022
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) By Alexander Marrow MOSCOW (Reuters) – After battling supply chain issues, potato shortages and a hefty rebranding job, the successor to McDonald’s Corp’s business in Russia expects to have all 850 restaurants open by the end of the...
Europe pays up to grab Russian diesel ahead of difficult winter
Date: September 20, 2022
By Rowena Edwards LONDON (Reuters) – European diesel buyers are willing to pay more for Russian cargoes than they were in May, as traders look to get their hands on supplies ahead of a difficult winter and global shortage of the fuel, industry sources said. The European Union will stop buying all Russian crude oil...
Demand for Porsche AG listing strong as retail investor subscription period begins
Date: September 20, 2022
BERLIN (Reuters) -The books for Volkswagen’s hotly anticipated initial public offering of Porsche AG are covered multiple times on the full size of the deal, a bookrunner involved in the listing said on Tuesday. Indicated demand for the listing, due to take place on Sept. 29 at the Frankfurt Stock Exchange, exceeds the full deal...
Factbox-The challenges automakers, and now Tesla, face with humanoid robots
Date: September 20, 2022
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla’s CEO Elon Musk is set to unveil its prototype humanoid robots at an event on Sept. 30, hoping to expand beyond self-driving cars that have not yet become reality despite his repeated promises. While robots are widely used for specialist tasks at factories, other companies have struggled...
Bulgaria tenders for gas supplies to ride out energy crisis
Date: September 20, 2022
SOFIA (Reuters) -Bulgaria’s state gas company, Bulgargaz, is launching three tenders for liquefied natural gas (LNG) on Tuesday to avoid winter shortages and ensure long-term energy security, said Chief Executive Denitsa Zlateva. The Balkan country was almost totally reliant on Russian gas before Moscow cut deliveries in August and is now struggling to secure sufficient...