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ECB should raise rates at steady pace, chief economist says
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Russian rouble firms towards 60 vs dollar, stocks up
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Pain of breaking inflation will reverberate around the globe
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Russia sharply scales back Far East war games with China
Dutch wind farm blows away opposition as ‘new millers’ get a stake
Date: August 29, 2022
By Esther Verkaik ZEEWOLDE, Netherlands (Reuters) – Authorities in the Dutch city of Zeewolde have opened one of the country’s largest onshore wind farms after winning over residents often hostile to living next to turbines by allowing them to invest in the project. The 320 megawatt (MW) park, enough to generate electricity for 300,000 households,...
Belgium supports energy price caps, suspending trading in EU power crunch
Date: August 29, 2022
BRUSSELS (Reuters) – Belgium has backed introducing price caps for European Union’s gas and electricity hubs, as well as suspending trade in case of “irrational market behaviour”, according to a note seen by Reuters on Monday. The 27-nation EU is looking for ways to tackle soaring energy prices, including discussing price caps for markets spooked...
Elon Musk: focused on getting self-driving Teslas in wide release by year-end
Date: August 29, 2022
By Nerijus Adomaitis and Nora Buli STAVANGER, Norway (Reuters) -Tesla chief Elon Musk said on Monday he aimed to get the electric auto maker’s self-driving technology ready by year-end and hopes it could be in wide release in the United States and possibly in Europe, depending on regulatory approval. Speaking at an energy conference in...
Oil trio’s Northern Lights in Yara CO2 emissions storage deal
Date: August 29, 2022
By Nerijus Adomaitis and Nora Buli STAVANGER, Norway (Reuters) -Norwegian carbon dioxide (CO2) storage company Northern Lights and its owners have agreed to store emissions captured at fertiliser-maker Yara’s Dutch operation from 2025 in what they say is a commercial breakthrough for the business. The joint venture founded by oil firms Equinor, TotalEnergies and Shell...
Swiss watchmakers remain upbeat ahead of Geneva gathering
Date: August 29, 2022
By Silke Koltrowitz ZURICH (Reuters) – Swiss watchmakers are not seeing signs so far that geopolitical tensions and recession fears are hitting demand for luxury timepieces, executives told Reuters ahead of the Geneva Watch Days event that opens on Monday. Sales of Swiss watches have rebounded strongly from the 2020 pandemic slump, with the value...
Sony to buy mobile game developer in push beyond consoles
Date: August 29, 2022
By Sam Nussey TOKYO (Reuters) – Sony Group Corp on Monday said it will acquire Helsinki and Berlin-based mobile games business Savage Game Studios for an undisclosed amount as part of a major push by the Japanese conglomerate beyond console gaming. Sony’s gaming chief Jim Ryan in May outlined plans to radically broaden the games...