Friday, October 7

Tag: WEU

Spain to guarantee rural areas access to financial services

Spain to guarantee rural areas access to financial services

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MADRID, Oct 7 (Reuters) - The Spanish government and banks agreed a roadmap on Friday to guarantee scarcely populated rural villages access to financial services and to soften the impact from rising mortgage costs on the most vulnerable.Under the plan all villages in Spain with more than 500 inhabitants will have at least one form of financial services outlet, be it a bank branch, ATM or mobile branch.Banks will be given half a year to enforce those measures, though the deadline may be extended by six months, the economy ministry said.Register now for FREE unlimited access to Reuters.comRegisterGranting access to financial services is part of a plan against rural depopulation, which is a major challenge in Spain, the ministry said.It follows other initiatives by lenders to help elderly ...
‘Little kids who were still sleeping’ – Thailand mourns victims of mass killing

‘Little kids who were still sleeping’ – Thailand mourns victims of mass killing

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NA KLANG, Thailand, Oct 6 (Reuters) - Pink and white coffins adorned with gold and bearing the bodies of the 22 children killed in a gun and knife rampage in Thailand were loaded onto a truck late on Thursday and driven away in the darkness.Thailand's deputy prime minister, Anutin Charnvirakul, clasped his hands together and bowed his head as the truck, followed by ambulances carrying the bodies of further victims, pulled away in the small town of Na Klang in northeastern Thailand."All Thai people, and all people around the world who know about this ... will feel so depressed and saddened," Anutin said.Register now for FREE unlimited access to Reuters.comRegisterThe children were killed on Thursday by a former policemen, who witnesses said burst into a daycare centre and started shootin...
France’s Ernaux, who long scrutinised self, wins Nobel literature prize

France’s Ernaux, who long scrutinised self, wins Nobel literature prize

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French author Annie Ernaux wins Nobel literature prizeWriter of many largely autobiographical booksWorks examines disparities of gender, language, classLiterature award the fourth of this year's NobelsSTOCKHOLM/PARIS, Oct 6 (Reuters) - French author Annie Ernaux won the 2022 Nobel Prize in Literature on Thursday for "the courage and clinical acuity" in her largely autobiographical books examining personal memory and social inequality.In explaining its choice, the Swedish Academy said Ernaux, 82, "consistently and from different angles examines a life marked by strong disparities regarding gender, language and class".Ernaux, the first French woman to win the literature prize, said winning the award was "immense".Register now for FREE unlimited access to Reuters.comRegisterShe has previou...
Factbox: Who is at the EPC summit in Prague, and what are they discussing?

Factbox: Who is at the EPC summit in Prague, and what are they discussing?

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Oct 6 (Reuters) - The inaugural meeting of the European Political Community (EPC) takes place in Prague on Thursday, bringing together leaders from 44 nations of the continent, including the 27 member states of the European Union.WHAT IS THE IDEA BEHIND THE EPC?The new pan-European grouping was an initiative of French President Emmanuel Macron, who sees it as an opportunity to structure dialogue on an equal footing between EU members and non-members on issues that confront them all.The EPC includes several countries waiting to join the EU and the only one ever to leave the bloc, the United Kingdom, and it brings together nations on shores stretching from the Caucasus to the North Sea and the Mediterranean.Register now for FREE unlimited access to Reuters.comRegisterA key aim is to embra...
Swedish police probe at Nord Stream leak site strengthens suspicion of gross sabotage

Swedish police probe at Nord Stream leak site strengthens suspicion of gross sabotage

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HELSINKI, Oct 6 (Reuters) - Suspicions of gross sabotage on the damaged Nord Stream 1 and 2 gas pipelines in the Baltic Sea have strengthened following a crime scene investigation in the Swedish exclusive economic zone, the country's security police said on Thursday.Swedish and Danish authorities have been investigating four leaks from the Russian pipes that were discovered last week in Swedish and Danish exclusive economic zones."There have been detonations near Nord Stream 1 and 2, within the Swedish economic zone, resulting in extensive damage to the gas pipelines," Swedish security police said in a statement.Register now for FREE unlimited access to Reuters.comRegisterSome material had been seized on site and would now be analysed, and the site was no longer cordoned off, they said....
UK business inflation expectations rise in September – BoE

UK business inflation expectations rise in September – BoE

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LONDON, Oct 6 (Reuters) - British businesses' expectations for consumer price inflation in one year's time rose to 9.5% last month, up from 8.4% in August, a Bank of England survey showed on Thursday.The BoE's Decision Maker Panel survey of chief financial officers also showed that businesses expected output prices to rise by 6.6% in the year ahead, up from expectations of 6.5% in August.The survey was conducted between Sept. 2 and 16 and received 2,522 responses.Register now for FREE unlimited access to Reuters.comRegisterReporting by Muvija M, Editing by Kylie MacLellanOur Standards: The Thomson Reuters Trust Principles. Source link
QatarEnergy to be the largest LNG trader over next 5-10 years – minister

QatarEnergy to be the largest LNG trader over next 5-10 years – minister

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LONDON, Oct 5 (Reuters) - QatarEnergy CEO and state minister for energy Saad al-Kaabi said on Wednesday that his company will become the world's largest trader of liquefied natural gas (LNG) over the next 5-10 years, a position that is currently held by Shell (SHEL.L).Following Russia's invasion of Ukraine, Europe in particular has become a prime market for the seaborne fuel, where massive amounts are being bought to help replace Russian pipeline gas that used to make up almost 40% of the continent's imports.Analysts estimate Europe will need to import around 200 million tonnes of LNG over the next decade to phase out Russian gas. LNG prices rose from record lows below $2 per million British thermal units (mmBtu) in 2020 to highs of $57 in August.Register now for FREE unlimited access t...
French Finance Minister: we have total confidence in new board of power company EDF

French Finance Minister: we have total confidence in new board of power company EDF

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PARIS, Oct 5 (Reuters) - French Finance Minister Bruno Le Maire said on Wednesday that "we have total confidence" in the new board of EDF (EDF.PA), the power company being fully nationalised by France.France on Tuesday started the process to fully nationalise debt-laden nuclear power group EDF, seeking to secure greater control of its energy supplies as Europe scrambles to replace Russian gas. read more Register now for FREE unlimited access to Reuters.comRegisterReporting by Sudip Kar-Gupta; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles. Source link
Siemens Energy teams up with EU-backed fund for cleantech investments

Siemens Energy teams up with EU-backed fund for cleantech investments

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FRANKFURT, Oct 5 (Reuters) - German energy equipment supplier Siemens Energy (ENR1n.DE) and EU-backed fund EIT InnoEnergy will team up to jointly explore investments in the energy start-up space, the fund said in a statement.No financial details were disclosed."Bringing together the disruptive thinking and innovations from cleantech start-ups and the global network and large-scale industrialization capabilities of Siemens Energy will create new value for our customers," Siemens Energy board member Vinod Philip said.Register now for FREE unlimited access to Reuters.comRegisterEIT InnoEnergy has already invested 690 million euros ($688 million) and holds stakes in Swedish battery cell maker Northvolt, steel venture H2 Green Steel, and lithium miner Vulcan Energy Resources (VUL.AX).Support...
Banks financing Musk’s Twitter deal face hefty losses

Banks financing Musk’s Twitter deal face hefty losses

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Oct 5 (Reuters) - Elon Musk's U-turn on buying Twitter Inc (TWTR.N) could not have come at a worse time for the banks funding a large portion of the $44 billion deal and they could be facing significant losses.As in any large acquisition, banks would look to sell the debt to get it off their books. But investors have lost their appetite for riskier debt such as leveraged loans, spooked by rapid interest rate hikes around the world, fears of recession and market volatility driven by Russia's invasion of Ukraine.While Musk will provide much of $44 billion by selling down his stake in electric vehicle maker Tesla Inc (TSLA.O) and by leaning on equity financing from large investors, major banks have committed to provide $12.5 billion.Register now for FREE unlimited access to Reuters.comRegi...