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Boost for luxury London property prices as Russians locked in
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White House says companies investing $700 million to boost EV charger production
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The plastic card payment pollution problem: What it is and how to solve it
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EU countries splinter in hunt for deal on new climate laws
Black Sea gas platform launched off Romania despite war risks
Date: June 28, 2022
By Luiza Ilie VADU, Romania (Reuters) – A new Black Sea offshore gas platform was officially launched off Romania on Tuesday and plans to extract gas despite risks posed by war in Ukraine, including mines detected in waters nearby. The project by Black Sea Oil & Gas (BSOG), controlled by U.S. private equity firm Carlyle...
Toshiba board gains two directors from activist funds in historic shift
Date: June 28, 2022
By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp shareholders voted in on Tuesday two board directors from activist hedge fund investors – a step expected to add momentum to the industrial group’s exploration of potential buyout deals. Toshiba’s annual general meeting elected Nabeel Bhanji, a senior portfolio manager at Elliott Management, and Eijiro Imai, managing director...
UK’s South West Water added to wastewater investigation
Date: June 28, 2022
By Yadarisa Shabong (Reuters) – Britain’s South West Water is under investigation over possible violations involving its wastewater treatment works, regulator Ofwat said on Tuesday, sending shares in parent company Pennon down 6%. South West Water is being included in the investigation launched last year by Ofwat and the Environment Agency after several water companies...
Explainer-Why the survival of Scandinavian airline SAS hinges on Denmark
Date: June 28, 2022
By Jacob Gronholt-Pedersen and Nikolaj Skydsgaard COPENHAGEN (Reuters) – Swedish loss-making airline SAS is fighting for survival, the latest carrier to hit financial straits due to hefty debts, stiff competition and soaring costs, even as the travel industry recovers from the pandemic. SAS has said a restructuring plan announced in February depends on it raising...
Copper firms after China relaxes quarantine rules
Date: June 28, 2022
By Pratima Desai LONDON (Reuters) – Copper prices rose on Tuesday as hopes for stronger demand after top consumer China relaxed its COVID-19 quarantine mandates were reinforced by a lower dollar, but worries about global growth capped gains. Benchmark copper on the London Metal Exchange was up 0.4% at $8,454 a tonne as of 1041...
Siemens to invest in Volkswagen’s N.American charging network
Date: June 28, 2022
By Paul Lienert (Reuters) – German industrial giant Siemens AG is investing more than $100 million in Volkswagen AG’s Electrify America unit, becoming the first outside investor in the North American network of electric vehicle charging stations. Including new funds from its parent Volkswagen, the Electrify America unit would receive a total injection of $450...