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Italy’s Draghi thanks Japan for redirecting gas cargoes to Europe
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Bosch aims to stay profitable in 2022 despite uncertainties
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UK bans services exports to Russia, sanctions Russian media outlets
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EU proposes to ban in a month’s time shipping, financing services for Russian oil – source
UK consumer borrowing surge hints at cost-of-living crunch
Date: May 4, 2022
By Andy Bruce LONDON (Reuters) -British consumers increased borrowing by the most in three years over February and March, according to data that would typically be a sign of solid demand but might now reflect how the cost-of-living squeeze is forcing some households deeper into debt. The Bank of England said lending to consumers rose...
Germany’s Amprion says there is resolve to speed power grid expansion
Date: May 4, 2022
FRANKFURT (Reuters) – German power grid firm Amprion on Wednesday set out completion times for planned network expansion projects, saying resolve to cut planning and construction times will ensure the timely transport of more renewable electricity to consumers. Amprion, 25%-owned by utility RWE and one of four high-voltage power grids, said milestone projects to bring...
Securitas grows profit as demand recovers from pandemic slump
Date: May 4, 2022
STOCKHOLM (Reuters) -Security services group Securitas reported on Wednesday a rise in first-quarter profit that matched expectations helped by strong sales growth in Europe. Operating profit rose to 1.25 billion Swedish crowns ($126.7 million) from a year-earlier 1.03 billion. Four analysts polled by Refinitiv had on average forecast a 1.25 billion crown profit. CEO Magnus...
Bosnia calls Oct. 2 election despite rows over electoral reform, funding
Date: May 4, 2022
By Daria Sito-Sucic SARAJEVO (Reuters) -Bosnia will hold presidential and parliamentary elections on Oct. 2, the electoral commission said on Wednesday, although rival ethnic leaders have failed to agree on electoral reforms and the government has still not secured funding for the vote. Nearly 3.4 million registered voters will elect Croat, Serb and Bosniak members...
Maersk in talks with buyers for stake as quits Russia
Date: May 4, 2022
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Maersk has found possible buyers for its stake in Global Ports Investments, which operates ports in Russia as it withdraws from the country following a final cargo shipment this week, the Danish shipping group said on Wednesday. Maersk put its 30.75% share of Global Ports up for sale as it...
Germany urges Vestager to consider company breakups in EU antitrust reforms
Date: May 4, 2022
By Foo Yun Chee BERLIN (Reuters) – EU antitrust rules should be beefed up to allow regulators to break up companies for serious breaches, German State Secretary Sven Giegold said on Wednesday, urging EU competition chief Margrethe Vestager to consider this when reforming regulations. Rules known as Regulation 1/2003, in force since 2004, have allowed...