LISBON, Portugal (AP) — A fire aboard a ship carrying cars in the mid-Atlantic is dying out, a Portuguese navy officer said Tuesday, and the huge vessel is expected to be towed to the Bahamas. The blaze on the Felicity Ace has burned for six days near Portugal’s Azores Islands. A Portuguese Air Force helicopter…
LONDON (Reuters) – More British manufacturers plan to raise prices in the next three months than at any point since 1976, according to a survey on Tuesday that highlighted the inflationary forces that are buffeting the economy. The Confederation of British Industry (CBI) said a net balance of +77% of manufacturers surveyed this month planned…
BERLIN (AP) — Germany has taken steps to halt the process of certifying the Nord Stream 2 gas pipeline from Russia, Chancellor Olaf Scholz said Tuesday, as the West started taking punitive measures against Moscow over the Ukraine crisis. The decision, which was criticized by Moscow, is a significant move for the German government. Scholz…
By John Chalmers and Robin Emmott BRUSSELS (Reuters) -European Union ministers said they would agree on Tuesday the first round of tough but incremental sanctions against Russia over its formal recognition of two breakaway regions in eastern Ukraine. Russian President Vladimir Putin’s announcement on Monday, followed by his signing a decree on the deployment of…
MADRID (AP) — Surging energy prices and the Russia-Ukraine conflict are making European leaders think hard about energy security — particularly their decades-old reliance on Moscow for natural gas. The crisis shows Europe’s vulnerability after years of limited progress in completing an “energy union” — a 2015 vision to allow affordable gas and electricity to…
LONDON (Reuters) – The boss of HSBC, one of Europe’s largest banks, said on Tuesday he was concerned about the risk of “wider contagion” for global markets from the deepening crisis in Ukraine. Noel Quinn told Reuters in an interview that while the direct exposure for HSBC was limited, he was alert to wider fallout….
By Simon Jessop, Tommy Wilkes and Lawrence White LONDON (Reuters) – HSBC aims to cut emissions associated with loans made to its oil and gas clients by 34% this decade, the bank’s sustainability chief told Reuters, marking the first time that Britain’s biggest lender has committed to such a target. More than 100 banks have…
BERLIN (Reuters) -Volkswagen AG is in advanced discussions with Porsche Automobil Holding SE about a potential IPO of the luxury carmaker and the two have negotiated a framework agreement as the basis for preparing such a step, Volkswagen said on Tuesday. The conclusion of an agreement must be approved by the management board and supervisory…
MOSCOW (AP) — Russian lawmakers on Tuesday authorized President Vladimir Putin to use military force outside the country — a move that could presage a broader attack on Ukraine after the U.S. said an invasion was already underway there. Several European leaders said Russian troops rolled into rebel-held areas in eastern Ukraine after Putin recognized…
(Reuters) – London Stock Exchange Group agreed to buy cloud-based technology provider TORA for $325 million, the British stock exchange operator said on Tuesday, adding the rapidly growing digital assets class to its trading capabilities. The potential acquisition of TORA, which supports customers trading multiple asset classes including equities, fixed income and digital assets across…
