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Siemens Energy blames Russia restructuring for wider 2022 loss
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Evonik to substitute up to 40% of natural gas at its German sites
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European shares bounce back from U.S. jobs report hammering
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Attack on Ukraine nuclear plant prompts U.N. call for access
The unwitting winners of France’s drought: salt farmers
Date: August 8, 2022
By Yann Tessier LE POULIGUEN, France (Reuters) – Through blistering heatwaves and drought that have parched the French countryside in recent weeks, one group has emerged a reluctant winner: salt farmers in the northwestern region of Guerande. Guerande’s snow-white Fleur de Sel (‘flower of salt’), which crystallizes on the water’s surface, is one of the...
FTSE 100 hovers near two-month highs as commodities, banks gain
Date: August 8, 2022
By Sruthi Shankar (Reuters) -Britain’s blue-chip index hovered near two-month highs on Monday, boosted by economically sensitive commodity and banking stocks after upbeat U.S. and Chinese economic data eased worries about recession. The FTSE 100 gained 0.4% after climbing to its strongest level since June 9 earlier in the session, while the domestically focussed midcap...
Trade war with China could cost Germany six times as much as Brexit – Ifo
Date: August 8, 2022
BERLIN (Reuters) – Germany would face costs almost six times as high as Brexit if it and the European Union were to shut China out of their economies, the Ifo institute said on Monday, citing the results of a study. The biggest losers of a trade war with China would be the automotive industry with...
Euro zone investor morale edges up, recession still likely – Sentix
Date: August 8, 2022
BERLIN (Reuters) – Investor morale in the euro zone was essentially unchanged in August from the previous month, with a slight rise too little to stave off fears of recession in the 19-country currency bloc, a survey showed on Monday. Sentix’s index for the euro zone inched up to -25.2 points from -26.4 in July....
Rhine level in Germany falls again, ships only part-loaded
Date: August 8, 2022
HAMBURG (Reuters) – Water levels on the Rhine in Germany fell again during hot dry weather over the weekend and cargo vessels cannot sail fully loaded, vessel brokers and commodity traders said on Monday. Shallow water is causing problems for shipping on the entire river in Germany. The Rhine is one of the key channels...
Israel and Palestinian militants declare Gaza truce
Date: August 8, 2022
By Nidal al-Mughrabi and Maayan Lubell GAZA/JERUSALEM (Reuters) -Israel and the Palestinian Islamic Jihad militant group declared a truce late on Sunday, raising hopes of an end to the most serious flare-up on the Gaza frontier in more than a year. Israeli forces pounded Palestinian targets through the weekend, triggering rocket attacks against its cities,...