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EDF’s minority shareholders scramble to challenge nationalisation price
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ECB must be prudent with rates hikes as recession risk rises: Panetta
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Record number of migrants arrive in Britain by boat on a single day
China battles forest fires as fears linger over harvest
Date: August 23, 2022
SHANGHAI (Reuters) -The southwestern Chinese regions of Chonqging and Sichuan were battling fires on Tuesday as they awaited a long-anticipated drop in temperatures over the next week, but the country’s important autumn harvest remained under serious threat. Officials warned this month that temperatures were rising faster in China than in the rest of the world...
Euro zone business activity contracted again in Aug, outlook bleak
Date: August 23, 2022
By Jonathan Cable LONDON (Reuters) -Business activity across the euro zone contracted for a second straight month in August as the cost of living crisis forced consumers to curtail spending while supply constraints continued to hurt manufacturers, a survey showed on Tuesday. The global economy is increasingly at risk from sliding into recession as Russia’s...
German investor Kuehne does not plan to further boost Lufthansa stake – FAZ
Date: August 23, 2022
BERLIN (Reuters) – German logistics entrepreneur Klaus-Michael Kuehne is not planning to increase his stake in Lufthansa beyond 15%, he told the Frankfurter Allgemeine newspaper on Tuesday. Kuehne increased his stake in the German flag carrier to 15% in July, making him the biggest shareholder. When asked whether he would make a move when the...
Apple plans to make iPhone 14 in India amid China woes – Bloomberg News
Date: August 23, 2022
(Reuters) -Apple Inc plans to start manufacturing iPhone 14 in India as the U.S. tech giant seeks alternatives to China after Xi administration’s clashes with Washington and lockdowns across the country disrupted production, Bloomberg News reported. The company has been working with suppliers to ramp up production in India and shorten the lag in manufacturing...
Japan weighs relaxing border rules on COVID -media
Date: August 23, 2022
By Rocky Swift and Elaine Lies TOKYO (Reuters) – Japan may lift requirements for pre-departure COVID-19 tests for travellers and raise daily caps on entrants, domestic media have reported. Japan has some of the strictest pandemic border measures among major economies, requiring travellers to present a negative coronavirus test taken within 72 hours of departure....
Germany’s Uniper to restart coal-fired power plant as Gazprom halts supply to Europe
Date: August 23, 2022
(Reuters) -German utility Uniper SE on Monday said it will start producing electricity for the market at its Heyden 4 hard-coal-fired power plant as a three-day halt in Russia’s gas supplies to Europe may cause disruptions to power supply. Heyden 4 will start producing electricity from Aug. 29, until April 30, 2023, the utility said...