Business

BERLIN - German companies' appetite to invest is declining despite the need for measures to transition to a greener economy, according to a DIHK Chambers of Industry and Commerce survey published by German daily Handelsblatt. Only 35 % of industrial companies are planning to inves...
- The British Airline Pilots Association (BALPA) on Monday urged the government to establish a "winter resilience fund" to support the ailing aviation industry, after some travel curbs were brought back to contain the spread of the Omicron coronavirus variant. "The latest changes ...
By Noor Zainab Hussain and Elizabeth Dilts Marshall - Wall Street banks are not immediately changing their U.S. return-to-work plans in response to the new COVID-19 variant, but they are monitoring the situation, they said. The World Health Organization said as more ...
By Sergio Goncalves LISBON - Portugal, which is gearing up for a snap election on Jan. 30, must take advantage of European Union recovery grants to support growth and resume pre-pandemic reductions of its high debt, Bank of Portugal Governor Mario Centeno warned on Monday. ...
- Three U.S. House Democrats on Monday asked the head of the Federal Aviation Administration to provide further details of the agency's oversight of the Boeing 737 MAX. The plane, which was grounded for 20 months after two crashes killed 346 people in the space of five months, ret...
By Susanna Twidale LONDON - Ukraine's state energy firm Naftogaz has no power to halt the Nord Stream 2 pipeline being built between Russia and Germany, despite its role in the certification process, while its own transit deal with Russia may not be renewed, Naftogaz head Yuriy Vi...
- CD Projekt, the Polish video game maker behind "Cyberpunk 2077", missed expectations on Monday with its third-quarter net profit, weighed down by higher costs. The company's flagship game has helped to boost sales and earnings this year but its third-quarter net profit of 16.3 m...
By Stephen Jewkes MILAN - Italian energy company Eni is ready to invest more in a nuclear fusion project it feels could be a game-changer in the race to produce limitless clean electricity to power cities and industry, the head of the project at Eni said. In 2018 En...
PARIS - France will extend by one year stricter measures on foreign ownership of companies it deems strategically important to the country, the French finance ministry said on Monday. Foreign companies must receive French government permission if they want to take a stake of more ...
OSLO - Norway's minority centre-left government clinched a deal with the opposition Socialist Left Party for next year's fiscal spending, thus securing the budget's passage in parliament, Prime Minister Jonas Gahr Stoere said on Monday. Overall spending of cash from Norway's sover...
LONDON - Britain is open to legislating to combat scam adverts online amid a surge in fraud attacks, financial services minister John Glen has told lawmakers. Victims' groups and campaigners have called for fraudulent adverts to be incorporated in the government's planned Online S...
LISBON - Ryanair Group Chief Executive Michael O'Leary said on Tuesday he saw no reason to cancel flights because of the Omicron variant of the coronavirus and his airline's flights were heavily booked for the next few weeks. "We are not cancelling any flights...I don't see that (...
LONDON - British supermarket group Asda reported a fall in underlying sales in its latest quarter, reflecting a tough comparison with the same period last year when sales were boosted by COVID-19 restrictions that meant more meals were consumed at home. Asda, owned by Zuber and Mo...
MOSCOW - Russian state gas company Gazprom forecasts that gas prices in Europe next year will be no lower than in 2021, a company official told a conference call on Monday. Gazprom sees the average gas price in Europe at $550 per 1,000 cubic metres in the fourth quarter, the offi...
By Pamela Barbaglia LONDON - U.S. investment bank Jefferies has snapped up Deutsche Bank's M&A head in Iberia, Andres Gutierrez, as its new investment banking boss for the region as it seeks to bolster its presence across Europe, a source told . Jefferies has als...
MOSCOW - Russian state gas company Gazprom expects to post record net profit this year, with gas prices in its core European market forecast to keep rising through the fourth quarter, a company official said on a conference call on Monday. Gazprom earlier reported record quarterl...
By Lefteris Papadimas ATHENS - Greece plans to borrow 10 billion euros ($11.3 billion) to 12 billion euros in 2022 by issuing new short- and long-term debt and its first ever green bond, two government sources told on Monday. The country issued five-, 10-, and 30-ye...
HANOI - ExxonMobil is continuing preparatory work for Ca Voi Xanh (Blue Whale) gas project in Vietnam, a company spokesperson said on Monday. Last month, ExxonMobil board was debating seawhether to continue with several major oil and gas projects, including the project in Vietnam,...
- Twitter Chief Executive Officer Jack Dorsey expected to step down, CNBC reported https://cnb.cx/3pbZGzW on Monday, citing sources. Shares of the microblogging platform surged 10% in premarket trading. Twitter was not immediately available for comment. ...
KUALA LUMPUR - Malaysia's ATA IMS Bhd said on Monday that findings of forced labour allegations in a recent labour audit by its biggest customer Dyson were not conclusive, and that the impact of Dyson's contract termination would be significant. High-tech home appliance maker Dys...