74.53 F
New York
August 18, 2022

FI

Pummelled by gas crisis, Germany’s Uniper posts $12.5 bln net loss

Reuters
The logo of German energy utility company Uniper SE is pictured in the company’s headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo Schmuelgen Register now for FREE unlimited access to Reuters.com Register Loss driven by lower Russian gas flows, impairments Company says it cannot give 2022 outlook for now Shares......

Biden signs documents of U.S. support for Sweden, Finland to join NATO

Reuters
WASHINGTON, Aug 9 (Reuters) – U.S. President Joe Biden on Tuesday signed documents endorsing Finland and Sweden’s accession to NATO, the most significant expansion of the military alliance since the 1990s as it responds to Russia’s invasion of Ukraine. Biden signed the U.S. “instrument of ratification” welcoming the two countries,......

Ukraine under pressure in east as NATO chief says Russia must not win

Reuters
Russia tries to push forward on eastern front Ukraine says repels assaults, holds ground Moscow says it has inflicted heavy losses Says Ukrainian forces had to withdraw NATO chief says Russia must not win KYIV, Aug 4 (Reuters) – Ukraine said on Thursday it had repelled multiple Russian assaults on......

Turkey summons Swedish charges d’affaires over ‘terrorist propaganda’ in Stockholm – sources

Reuters
NATO, Turkish, Swedish and Finnish flags are seen in this illustration taken May 18, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register ANKARA, July 23 (Reuters) – Turkish foreign ministry summoned the Swedish charges d’affaires in Ankara to convey its “strong reaction” to what it called......

Germany hands $15 bln bailout to Uniper after Russian gas hit

Reuters
Government to take 30% stake in Uniper Uniper risked collapse due to dwindling supplies, high prices Uniper can pass higher gas costs to consumers Uniper shares plunge to record low Scholz promises help to households to offset rising energy bills FRANKFURT/HELSINKI/BERLIN, July 22 (Reuters) – The German government stepped in......

Euro zone bond yields jump as ECB may consider 50 bps July rate hike

Reuters
LONDON, July 19 (Reuters) – Euro zone bond yields shot up on Tuesday, with two-year German borrowing costs hitting over two-week highs, after a source-based report that the European Central Bank would discuss whether to raise rates by 25 or 50 basis points on Thursday. The ECB has flagged that......

Uniper draws down 2 bln euro KfW credit facility

Reuters
General view of Uniper’s Bierwang gas storage facility near the Bavarian town of Kraiburg am Inn, Germany, June 10, 2022. REUTERS/Andreas Gebert Register now for FREE unlimited access to Reuters.com Register BERLIN, July 18 (Reuters) – Embattled German gas importer Uniper (UN01.DE), the subject of consultations between the German and......

Ships get older and slower as emissions rules bite

Reuters
Average age of vessels up more than two years since 2017 New emissions rules may force older ships to go slower One-fifth of ships fitted with energy saving devices New vessels and alternative fuels the long-term solution LONDON, July 11 (Reuters) – If shipping is the beating heart of global......

Germany and Finland at odds over Uniper rescue as gas supplies dwindle

Reuters
The Uniper logo is seen at the utility’s firm headquarters in Duesseldorf, Germany, July 8, 2022. REUTERS/Wolfgang Rattay Register now for FREE unlimited access to Reuters.com Register BERLIN, July 9 (Reuters) – A dispute between Germany and Finland over the cost of rescuing gas importer Uniper (UN01.DE) flared on Saturday......

Sainz puts Ferrari on top in British GP practice

Reuters
Formula One F1 – British Grand Prix – Silverstone Circuit, Silverstone, Britain – June 30, 2022 Alfa Romeo’s Valtteri Bottas ahead of the Grand Prix REUTERS/Molly Darlington Register now for FREE unlimited access to Reuters.com Register Sainz fastest in second session Hamilton second quickest in both at home race SILVERSTONE,......

Germany in bailout talks with Uniper amid gas crisis

Reuters
First German company to raise alarm over scarce gas, prices Gas stocks lowest since early 2017 Fortum says will help but crisis requires big efforts Works council wants German government to step in FRANKFURT/DUESSELDORF/BERLIN, June 30 (Reuters) – Germany’s Uniper (UN01.DE) is in talks about a possible government bailout as......

Biden administration throws support behind potential F-16 sale to Turkey

Reuters
A U.S. Air Force F-16 fighter taking part in the U.S.-led Saber Strike exercise flies over Estonia June 6, 2018. REUTERS/Ints Kalnins Register now for FREE unlimited access to Reuters.com Register MADRID, June 29 (Reuters) – The Biden administration threw its support on Wednesday behind the potential sale of U.S.......

Verstappen on pole in Canada, Alonso on front row

Reuters
Verstappen on pole, Alonso alongside Sainz and Hamilton share second row Leclerc at back of grid after engine penalties Perez crashes in second phase MONTREAL, June 18 (Reuters) – Red Bull’s Formula One leader Max Verstappen shone in the wet to take pole position for the Canadian Grand Prix on......

How a battery shortage is hampering the U.S. switch to wind, solar power

Reuters
June 9 (Reuters) – U.S. renewable energy developers have delayed or scrapped several big battery projects meant to store electrical power on the grid in recent months, scuttling plans to replace fossil fuels with wind and solar energy. At least a dozen storage projects meant to support growing renewable energy......

Tanak ends long win drought in Sardinia

Reuters
FIA World Rally Championship – Rally Sweden – Stage 3 of Second Round – Torsby, Sweden – February 14, 2020 Estonia’s Ott Tanak speaks. TT News Agency/Micke Fransson via REUTERS Register now for FREE unlimited access to Reuters.com Register June 5 (Reuters) – Ott Tanak won a world rally championship......

Finland and Sweden to continue NATO talks with Turkey

Reuters
Minister for Foreign Affairs of Finland Pekka Haavisto speaks during a news conference following a meeting with U.S. Secretary of State Antony Blinken at the State Department in Washington, D.C., U.S., May 27, 2022. REUTERS/Sarah Silbiger Register now for FREE unlimited access to Reuters.com Register HELSINKI, June 1 (Reuters) –......

Turkey’s Erdogan discusses concerns with NATO hopefuls Sweden and Finland

Reuters
Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register ISTANBUL, May 21 (Reuters) – Turkish President Tayyip Erdogan, who has......

Russia stops Finland gas flows over payments dispute

Reuters
A view shows valves near a drilling rig at a gas processing facility, operated by Gazprom company, at Bovanenkovo gas field on the Arctic Yamal peninsula, Russia May 21, 2019. Picture taken May 21, 2019. REUTERS/Maxim Shemetov/File Photo Register now for FREE unlimited access to Reuters.com Register OSLO, May 21......

U.S. says Turkey’s approach to Sweden, Finland NATO bid not a bilateral topic

Reuters
WASHINGTON, May 20 (Reuters) – Turkey’s approach to the NATO accession process of Sweden and Finland is not a bilateral issue between Washington and Ankara, the U.S. State Department said on Friday, but added that Washington was speaking with Ankara and it remained confident that the dispute would be overcome.......

Fears for Mariupol defenders after surrender to Russia

Reuters
Service members of Ukrainian forces who have surrendered after weeks holed up at Azovstal steel works are seen inside a bus, which arrived under escort of the pro-Russian military at a detention facility in the course of Ukraine-Russia conflict in the settlement of Olenivka in the Donetsk Region, Ukraine May......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More