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Scholz, fighting for survival, says Germans should not choose between security and prosperity
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German Council of Economic Experts cuts forecasts for 2024 and 2025
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German opposition leader Merz says debt brake can be reformed
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Offshore wind cable makers turn to Europe as Trump risks loom
Germany to mandate open market sales for new wind, solar plants
Date: November 13, 2024
(Reuters) – Germany’s cabinet on Wednesday approved plans to require most operators of new wind and solar power plants to sell their electricity independently on the open market, aiming to better integrate renewables into the country’s energy system. Under a new energy reform, facilities as small as 25 kilowatts will need to self-market their power...
BBVA readies remedies to secure Sabadell deal despite competition setback
Date: November 13, 2024
By Jesús Aguado MADRID (Reuters) -Spanish bank BBVA is working on concessions aimed at securing regulatory approval for a takeover of rival Sabadell “in a few months”, CEO Onur Genc said on Wednesday. Spain’s competition watchdog CNMC said on Tuesday that BBVA’s hostile all-share bid for Sabadell, initially valued at 12.28 billion euros ($13 billion),...
Exclusive-China battery giant CATL would build US plant if Trump allows it
Date: November 13, 2024
NINGDE, China (Reuters) – CATL, the world’s top battery maker, will consider building a U.S. plant if President-elect Donald Trump opens the door to Chinese investment in the electric-vehicle supply chain, the company’s founder and chairman, Robin Zeng, told Reuters. Originally, when we wanted to invest in the U.S., the U.S. government said no,” the...
What are they saying at the COP29 climate summit?
Date: November 13, 2024
BAKU (Reuters) -World leaders are speaking at the U.N. climate summit in Baku on Wednesday. Here are the latest comments: ALBANIA PRIME MINISTER EDI RAMA “I decided to leave aside my well prepared speech because …yesterday I was watching the silent TV in the leaders’ lounge, where the organizers have thoughtfully added green plants above...
Pro-government economists blame central bank for plunging Russia into ‘stagflation’
Date: November 13, 2024
MOSCOW (Reuters) – Russia’s tight monetary policy has failed to curb price growth and has created risks of an economic slowdown, dragging the economy into stagflation, a combination of stagnant growth and inflation, a leading think-tank close to the government said. The Russian central bank raised the key interest rate to 21% last month, the...
Exclusive-Glencore-Chandra Singapore refinery to earmark 20% of output for Shell, sources say
Date: November 13, 2024
By Trixie Yap, Florence Tan and Chen Aizhu SINGAPORE (Reuters) – Glencore and Chandra Asri, gearing up to complete their takeover of Shell’s landmark Singapore refinery, have set up a new operating company and will earmark roughly 20% of output for the plant’s outgoing owner, sources familiar with the matter said. The venture has lined...