By Sarah Morland (Reuters) -French renewable power producer Neoen’s first-quarter revenue jumped by more than a third, helped by the commissioning of one of the world’s largest lithium-ion batteries in Australia, the company said on Tuesday. Neoen, whi…
Jupiter closes emerging Europe fund -spokesperson
LONDON (Reuters) – British asset manager Jupiter has decided to close its Emerging European Opportunities Fund, a spokesperson told Reuters by email on Tuesday. The fund was suspended in early March along with a number of other funds with exposure to R…
Google faces internal battle over research on AI to speed chip design
By Paresh Dave OAKLAND, Calif. (Reuters) – Alphabet Inc’s Google said on Monday it had recently fired a senior engineering manager after colleagues, whose landmark research on artificial intelligence software he had been trying to discredit, accused hi…
Russia fires more rockets at steel plant, some evacuees reach safety
By Joseph Campbell and Alessandra Prentice ZAPORIZHZHIA, Ukraine (Reuters) -Russia unleashed rockets on Tuesday on an encircled steel works in Mariupol, Ukraine’s last redoubt in the port city, after a ceasefire broke down with some civilians still tra…
Italy’s BPER kicks off process to sell bad loan management business -sources
MILAN (Reuters) – BPER Banca has kicked off a process to potentially sell its debt collection business as its new Chief Executive Piero Montani works on a new business plan for the Italian bank, four sources close to the matter said. BPER is the last o…
ECB may hike rates in July to combat extreme inflation -Schnabel
FRANKFURT (Reuters) -The European Central Bank may need to raise interest rates as soon as July to stop “extremely high” inflation from getting entrenched, ECB board member Isabel Schnabel told German newspaper Handelsblatt on Tuesday. Inflation hit a …
EU body sets out draft sustainability disclosure standards
By Huw Jones LONDON (Reuters) -Companies will have to set a much broader range of sustainability targets under draft new European Union reporting standards, environmental impact body CDP said on Tuesday. Authorities across the world are writing reporti…
South African coal miners turn to trucks as rail service deteriorates
By Nelson Banya and Helen Reid JOHANNESBURG (Reuters) – Mining companies in South Africa have resorted to trucking coal to ports to meet a surge in European demand since the war in Ukraine started, bypassing the deteriorating rail infrastructure they b…
New EU sanctions to hit Russian oil, target more banks
BRUSSELS (Reuters) -The European Union will slap new sanctions on Russia for waging war against Ukraine, targeting Moscow’s oil industry, more Russian banks and those responsible for disinformation, the EU’s top diplomat said on Tuesday. “We are workin…
France’s Macron offers to help lift Russia embargo on Ukraine food exports
PARIS (Reuters) – French President Emmanuel Macron told Russian President Vladimir Putin in a phone call on Tuesday that he is willing to work with international organisations to help lift the Russian embargo on Ukrainian food exports via the Black Sea…