BERLIN (Reuters) – Russia’s sanctions against Gazprom Germania and its subsidiaries could cost German taxpayers and gas users an extra 5 billion euros ($5.4 billion) a year to pay for replacement gas, the Welt am Sonntag weekly reported, citing industry representatives. In May, Russia decided to stop supplying Gazprom Germania, which had been the German…
By Francesca Landini and Elvira Pollina TRENTO, Italy (Reuters) -Telecom Italia (TIM) will pursue a plan to split its landline network from its service operations to maximise asset value for all shareholders and cut its debt pile, the head of the company said on Sunday. Under pressure for years in its fiercely competitive domestic market,…
By Kanishka Singh WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden has asked his team to look at the option of lifting some tariffs on China that were put into place by former President Donald Trump, to combat the current high inflation. “We are looking at it. In…
TRENTO, Italy (Reuters) – Alliances and partnerships remain important for the development of companies controlled by the Benettons, the chairman of the family’s holding company Edizione said on Sunday, answering a question about the relationship with Spanish tycoon Florentino Perez. “We have to continue this vocation we have always had of respecting local partners with…
By Francesca Landini and Elvira Pollina TRENTO, Italy (Reuters) -Telecom Italia’s (TIM) will pursue a plan to split its landline network from its service operations to maximise asset value for all its shareholders and cut debt, the head of Italy’s biggest telecoms company said on Sunday. Under pressure for years in its fiercely competitive domestic…
By Divya Rajagopal TORONTO (Reuters) – Waves of industry consolidation over the decades have resulted in fewer choices for customers from telecoms to banking, with Canadians paying the world’s most expensive mobile phone bills and forking out more for everyday banking, consumer advocates say. Now, the government says enough is enough. It wants to put…
By Marianna Parraga and Matt Spetalnick HOUSTON/WASHINGTON (Reuters) – Italian oil company Eni SpA and Spain’s Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, five people familiar with the matter said, resuming oil-for-debt swaps halted two years ago when Washington stepped up sanctions…
LONDON (Reuters) – British transport minister Grant Shapps said on Sunday the government would work hard with the aviation industry to avoid a repeat of the chaos at airports last week as passengers faced lengthy delays and cancellations of hundreds of flights. Airports across Europe have struggled to cope with a post-pandemic rebound in demand,…
PARIS (Reuters) – France’s finance minister said on Sunday he expected positive growth for 2022, but would revise economic forecasts at the start of July. “It’s clear that with the war in Ukraine, inflation, all that will put into question the forecasts, but we will have positive growth in 2022,” Bruno Le Maire told Europe…
AMSTERDAM (Reuters) – KLM, the Dutch arm of Air France-KLM, said it would not bring any further passengers on Saturday from European destinations to Amsterdam’s Schiphol Airport, its main hub. The airline, which had already cancelled dozens of flights to ease traffic pressure at the airport, said weather conditions and runway maintenance were preventing many…
