By James Davey LONDON (Reuters) -British online supermarket Ocado Retail warned it wouldn’t return to profit until the second half of its financial year as even its typically more affluent shoppers feel the squeeze from higher inflation and energy bills. The business, a 50/50 joint venture between Ocado Group and Marks & Spencer, said on …
Ocado Retail’s profit squeezed as even wealthy Britons cut back Read More »
By Allison Lampert, Jamie Freed and Doyinsola Oladipo (Reuters) – U.S. and European airlines will benefit from pent-up demand for travel to China after its recent border reopening, but route approvals, fresh COVID-19 testing rules and not enough large aircraft remain barriers to rising sales, analysts and industry officials say. Travel is returning to China, …
Analysis-Airlines face hurdles to cashing in on China re-opening Read More »
PHANG NGA, Thailand (Reuters) – Thai marine conservation officials have used thermal imaging equipment mounted on a drone to capture footage of a leatherback sea turtle, the world’s largest turtle species, coming to shore to lay eggs. Leatherback sea turtles are classified as vulnerable on the International Union of Conservation of Nature (IUCN) Red List, …
Drone thermal imaging captures rare turtle laying eggs in Thailand Read More »
PARIS (Reuters) -The Renault group on Tuesday said sales at its flagship brand fell for a fourth consecutive year in 2022 to 1,466,729 units excluding Russia, a 9.4% decline from 2021. The French carmaker, which was hit harder than most rivals by the COVID-19 crisis and supply chain snags due to chip shortages, is in …
ROME (Reuters) – Italy’s economy minister suggested on Tuesday that the European Union could replicated jointly financed schemes such as its COVID-19 Recovery Fund to defend its industry in the face of the United States’ Inflation Reduction Act subsidy programme. In comments made at a meeting of EU finance ministers in Brussels and issued by …
Italy urges EU to replicate its Covid recovery fund to finance green tech Read More »
PARIS (Reuters) -French oil major TotalEnergies said on Tuesday it would take a $2.1 billion hit in the fourth quarter from EU and British windfall taxes. The EU last year acted to allow governments to tax fossil fuel companies on the huge profits generated as a result of the surge in oil and gas prices …
TotalEnergies to book $2.1 billion payout for UK, EU windfall taxes in Q4 Read More »
MILAN (Reuters) – Italian group Eni’s renewable energy division Plenitude has agreed with Ireland’s Simply Blue Group to jointly develop floating offshore wind projects in Italy. Plans for their first two floating offshore wind projects, “Messapia” in Apulia and “Krimisa” in Calabria, have already been submitted to the relevant authorities, Plenitude said in a statement. …
Eni’s Plenitude, Simply Blue Group to build Italy offshore wind farms Read More »
BERLIN (Reuters) – The German economy is expected to contract by 0.3% this year and the energy crisis triggered by Russia’s invasion of Ukraine will continue to weigh on industry in Europe’s largest economy, Germany’ BDI industry association said on Tuesday, Mild recessionary trends are expected to predominate at the start of the year, but …
German economy expected to contract slightly in 2023 – BDI Read More »
By Yoruk Bahceli (Reuters) – European debt sales have had their fastest start to the year on record as governments and financial institutions take advantage of borrowing costs falling from multi-year highs. Borrowers raised 170 billion euros ($184 billion) in the first two weeks of 2023 from euro and sterling bond sales, Refinitiv data showed, …
European borrowers start year with record 170 billion euro debt sale spree Read More »
Por Ian Ransom y Shrivathsa Sridhar MELBOURNE, 17 ene (Reuters) – El calor abrasador obligó a detener los partidos al aire libre, hizo correr a los aficionados en busca de sombra y puso a prueba la resistencia de los jugadores en la segunda jornada del Abierto de Australia, el martes, antes de que la lluvia …
El calor y la lluvia obligan a interrumpir la jornada en el Abierto de Australia Read More »
