Reuters UK/EU

DRESDEN, Germany (Reuters) – European Commission President Ursula von der Leyen on Tuesday hailed the construction of a new factory by Germany’s Infineon a milestone in mass chip production as Europe tries to capture a larger slice of the strategic industry. Speaking at the groundbreaking ceremony of Infineon’s factory in the German city of Dresden, …

EU’s von der Leyen hails Infineon factory as chip production milestone for Europe Read More »

BERLIN (Reuters) – Germany needs to be decisive in consolidating its public finances and to set clear spending priorities, German Finance Minister Christian Lindner said on Tuesday. “The state can’t continue to spend more money than taxpayers provide,” he said at a press conference after the 27th meeting of the Stability Council on federal and …

Germany must focus on sustainability of public finances – Fin Min Read More »

LONDON (Reuters) – The Bank of England is weighing up whether to raise interest rates for the 12th meeting in a row next week as it continues to grapple with an inflation rate that remains above 10%, higher than in any other big, rich economy. Investors think it is a near-certainty that the BoE will …

Bank of England policymakers consider 12th straight rate hike Read More »

(Reuters) -Saudi Arabian oil giant Aramco is in talks with refining giant Sinopec Corp and French oil major TotalEnergies for a gas deal of about $10 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. Sinopec and TotalEnergies are in separate discussions to invest in the Jafurah development in Saudi Arabia, the …

Aramco in talks with Sinopec, Total for $10 billion gas deal -Bloomberg News Read More »

By Elizabeth Pineau PARIS (Reuters) -French trade unions announced on Tuesday a new nationwide day of protests on June 6 against President Emmanuel Macron’s decision to increase the retirement age by two years to 64. The reform, which Macron signed into law last month despite weeks of protests and strikes, has crystallised discontent against a …

French unions plan June 6 protests against Macron and his pension law Read More »

By Kylie MacLellan LONDON (Reuters) -More than one million National Health Service staff in England will receive a pay rise after trade unions representing a majority of workers involved in a long-running dispute voted to accept a deal on Tuesday. The offer, covering nurses, paramedics, midwives and other workers in England, includes a one-off payment …

UK healthcare pay offer to be implemented as strike threat remains Read More »

FRANKFURT (Reuters) – Germany’s liquefied natural gas (LNG) terminal project at Stade said it would in the coming weeks begin testing market appetite for ammonia as a way to transport hydrogen, as the country’s efforts to end reliance on Russian pipeline gas gather pace. The quest for alternatives has included focusing on hydrogen, which when …

Factbox-Germany’s LNG import terminals tackle challenges Read More »

(Refiles to fix formatting issue; no changes to text) By Maha El Dahan, Kate Abnett and Sarah Marsh BERLIN (Reuters) -Wealthy nations are on track this year to meet their overdue $100-billion climate finance pledge to developing countries, three years later than promised, Germany’s foreign minister Annalena Baerbock said on Tuesday. Baerbock said donor countries …

Rich nations to meet overdue $100 billion climate pledge this year Read More »

COPENHAGEN (Reuters) -Denmark will donate military equipment and financial support to Ukraine worth 1.7 billion Danish crowns ($250 million), the Nordic country’s Defence Minister Troels Lund Poulsen said on Tuesday. The minister also said Denmark will reduce its military presence in Iraq starting in early-2024 and instead focus on the Baltic countries, offering NATO a …

Denmark to make $250 million donation to Ukraine for military use Read More »