STOCKHOLM (Reuters) -Sweden’s prime minister on Friday urged people to use less electricity as cold weather drives up demand, although the grid operator Svenska Kraftnat said there were no imminent shortages despite temporary nuclear outages. Across Europe, where temperatures are plunging, concern has mounted over whether energy supplies will be sufficient following the supply disruption…
BEIJING (AP) — A Chinese airline on Friday became the first customer to take delivery of a long-range jetliner produced by a state-owned manufacturer set up to try to compete with Boeing and Airbus, state TV reported. The Commercial Aircraft Corp. of China’s C919 is part of the ruling Communist Party effort’s to transform the…
LONDON (AP) — Britain announced plans Friday to ease banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure London’s status as Europe’s leading finance center. Treasury chief Jeremy Hunt said the changes, which follow Britain’s departure from the European Union in 2020, will make the U.K….
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) – Telecom Italia (TIM) is exploring investors’ interest in buying into its assets, sources familiar with the matter said on Friday, as officials within Italy’s right-wing government seek agreement on how to fix the debt-crippled company’s woes. Italy’s government last month said it would seek to identify…
By Huw Jones and Lawrence White LONDON (Reuters) – Britain’s Financial Conduct Authority said it had fined Santander 107.7 million pounds ($132 million) for “serious and persistent” gaps in the Spanish bank’s anti-money laundering controls for more than 560,000 business customers. The FCA said on Friday that between Dec. 31 2012 and Oct. 18 2017,…
(Reuters) – Britain’s competition watchdog is concerned Japan’s Hitachi acquisition of France’s Thales railway signalling business may result in higher fares for passengers, it said on Friday. As a result, Thales expects the sale to close in the second half of next year, compared to the previous plan to finalise the deal in early 2023….
A choppy day of trading on Wall Street ended with stocks broadly lower Friday, after a new report showed that inflation is slowing less than hoped just days before Federal Reserve officials are expected to raise interest rates again. The S&P 500 and Nasdaq composite each fell 0.7%, while the Dow Jones Industrial Average dropped…
FRANKFURT, Germany (AP) — Ukraine’s finance minister says crucial Western financial support is “not charity” but “self-preservation” in the fight to defend democracy as his country deals with growing costs to repair electrical and heating infrastructure wrecked by Russian attacks. Serhiy Marchenko also told The Associated Press in an interview Thursday from Kyiv that he…
By David Shepardson WASHINGTON (Reuters) – Workers at a General Motors-LG Energy battery cell factory in northeast Ohio overwhelmingly voted to join the United Auto Workers, the union and joint venture said Friday. The UAW said hourly employees at the Ultium Cells LLC plant near Cleveland had voted 710 to 16 in favor of joining…
WASHINGTON (Reuters) – Workers at a General Motors-LG Energy battery cell manufacturing plant in northeast Ohio voted to join the United Auto Workers, the union and joint venture said Friday. Workers at the joint venture Ultium Cells LLC plant near Cleveland voted 710 to 16 in favor of joining the union, the UAW said. Ultium…
