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EU asks countries to cut gas demand by 15% until spring
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Analysis-Debt-laden Italy looks no less vulnerable as rates shoot higher
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Britain launches free trade talks with Israel
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EU says full Russian gas halt would slash GDP
Factbox-Who will replace UK Prime Minister Boris Johnson?
Date: July 20, 2022
By Andrew MacAskill and Kylie MacLellan LONDON (Reuters) – Three candidates are left in the contest to replace Boris Johnson as British prime minister. Below are some details on the contenders, who are listed in alphabetical order. PENNY MORDAUNT The former defence secretary was sacked by Johnson after she endorsed his rival, Jeremy Hunt, during...
Swiss brace for rolling four-hour blackouts in any energy crunch
Date: July 20, 2022
ZURICH (Reuters) -Switzerland could resort to rolling four-hour regional blackouts should Europe’s energy crisis lead to winter power shortages, a senior utility sector official said on Wednesday. The country is bracing for shortages of power and gas due to the war in Ukraine, possible interruptions in gas supplies, and the situation at nuclear power plants...
Ukraine seeks debt payment freeze as war ravages economy
Date: July 20, 2022
By Natalia Zinets and Marc Jones KYIV/LONDON (Reuters) – Ukraine will ask international bondholders to agree to a 2-year delay on its debt payments so it can focus its dwindling financial resources on repelling Russia, a government resolution published on Wednesday showed. Facing an estimated 35-45% crash in GDP this year following Moscow’s invasion in...
Continental beats expectations with 4.4% margin in Q2
Date: July 20, 2022
BERLIN (Reuters) -Continental reported better-than-expected sales of 9.4 billion euros ($9.63 billion) in the second quarter on Wednesday with an adjusted earnings margin of 4.4%, slightly above analysts’ expectations of 4.2%. The car parts supplier, which in May cut its earnings forecast to 4.7%-5.7% from 5.5-6.5%, confirmed the lower outlook in preliminary results ahead of...
Deutsche Bank names Eigendorf new chief sustainability officer
Date: July 20, 2022
FRANKFURT (Reuters) – Deutsche Bank said on Wednesday that it appointed Joerg Eigendorf to the role of chief sustainability officer, as the bank markets itself as a lender that firms can turn to as they transition to a greener future. Eigendorf had previously also overseen Deutsche’s communications division, but he is handing over those duties...
Shell pay battle escalates at Prelude LNG off Australia
Date: July 20, 2022
By Sonali Paul MELBOURNE (Reuters) -Shell Plc on Wednesday told workers at its Prelude floating liquefied natural gas (FLNG) facility it would stop paying them as of Monday after they extended industrial action for two more weeks over a long-running wage dispute. Shell last week began shutting down the 3.6 million tonne a year site...