LONDON (Reuters) – The European Union will do its utmost to protect Ireland’s single market membership, and it is unacceptable that a third country could jeopardise anyone’s EU status, European Commission Vice-President Maros Sefcovic said on Thursday….
Inditex in 100 million euro deal to make clothes from recycled fiber
(Corrects headline and first paragraph to say .. fiber ..not.. fabric) MADRID (Reuters) -Zara owner Inditex has signed an agreement worth more than 100 million euros ($104 million) to buy 30% of the recycled fiber to be produced by Finland’s Infinited …
Joint gas buying no quick fix for Europe’s supply crunch
By Kate Abnett BRUSSELS (Reuters) – The European Union’s plan for countries to buy gas jointly could maximise supplies and ensure better contract terms in the coming years, but is unlikely to help in the event of a sudden supply cut off, analysts and E…
France says two citizens detained in Iran, demands immediate release
By John Irish WEISSENHAUS, Germany (Reuters) -France summoned a senior Iranian diplomat on Thursday after two of its citizens were detained in Tehran in what Paris said was a baseless arrest, an incident likely to complicate ties between the countries …
Renault expects first hydrogen utility sales in Germany and Netherlands soon, executive says
PARIS (Reuters) – Renault hopes to receive first orders for its hydrogen-powered minibuses and vans from the Netherlands and Germany soon, the head of the company’s light commercial vehicles department told Reuters, as soaring pump prices boosted custo…
Italy’s population seen 5 million lower by 2050 -statistics bureau
By Francesco Zecchini ROME (Reuters) – Italy’s population will shrink by 5 million within 30 years unless decisive steps are taken to increase the number of births, the head of the country’s statistics institute ISTAT warned on Thursday. The COVID-10 p…
Britain awards Equinor, BP carbon storage licences in Southern North Sea
OSLO (Reuters) – Britain’s North Sea Transition Authority (NSTA) on Thursday said it has awarded energy firms Equinor and BP two carbon storage licences on the UK Continental Shelf off the coast of Humberside. Carbon capture and storage (CCS) transport…
BP CEO says longer term investment depends on fiscal stability
LONDON (Reuters) -A windfall tax on energy companies would not change BP’s 18 billion pound ($22 billion) investment plans in Britain to 2030, although fiscal instability would be disruptive in the longer term, Chief Executive Bernard Looney said on Th…
Swiss release some frozen Russian assets
By Brenna Hughes Neghaiwi and Silke Koltrowitz ZURICH (Reuters) – The Swiss government on Thursday reported 6.3 billion Swiss francs ($6.33 billion) worth of Russian assets frozen under sanctions to punish Moscow’s invasion of Ukraine, a drop from earl…
Volkswagen’s EV profit margins to match combustion engines sooner than planned – CEO
BERLIN (Reuters) – Volkswagen expects its electric vehicle business to be as profitable as its fossil fuel-burning cars sooner than planned, its chief executive Herbert Diess said on Thursday. Volkswagen previously expected to match its profit margins …