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…
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….
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…
By Stella Qiu SYDNEY (Reuters) – Asian shares tracked Wall Street higher on Friday amid hopes that China’s economy would pick up pace as COVID-19 curbs ease, although caution ahead of a week full of risk events, including the Federal Reserve’s policy meeting, could cap sentiment. The U.S. dollar extended declines for the third straight…
BEIJING (Reuters) – China’s factory-gate prices showed an annual fall for a second month in November while consumer inflation slowed, indicating weak activity and soft demand in an economy that has been held back by tough pandemic controls. Analysts said they expected the government to keep interest rates low and take measures to boost confidence….
(Reuters) -Walgreens Boots Alliance has sold some AmerisourceBergen Corp’s shares for proceeds of $1 billion, the U.S. drugstore chain said on Thursday, further cutting its ownership in the drug distributor, by 3% to about 17%. Walgreens, which will remain AmerisourceBergen’ largest shareholder, said it would use the proceeds to pay down debt and to fund…
By David Morgan (Reuters) -House Financial Services Committee Chairwoman Maxine Waters told Reuters on Thursday that she is prepared to subpoena FTX founder Sam Bankman-Fried if he does not agree to appear before the panel next week and she is working out the best way to do it. “We’ve made it clear that we want…
