LONDON/MADRID (Reuters) – Opdenergy is expected to price its initial public offering (IPO) at 4.75 euros per share, the bottom of its indicated range, which would value the Spanish renewable energy firm at 703 million euros ($716 million), one of the j…
Bankinter says Spanish bank tax would hurt economy
By Jesús Aguado MADRID (Reuters) -Senior executives at Spanish lender Bankinter said on Thursday a proposed tax on Spanish banks to help tackle the rising cost of living could hit capital levels, hurt economic growth and dent investor confidence in the…
Cooperative Axereal says French grain harvest decent, quality excellent
PARIS (Reuters) – This year’s winter grain crops in France show excellent quality levels and yields within average but results are very heterogeneous, Axereal, one of France’s largest grain cooperatives, said on Thursday. Grain production in France, th…
Greece to resort to power cuts if Russian gas supplies disrupted – plan
ATHENS (Reuters) – Greece plans to implement rotating power outages, as a last resort, if Russian gas supplies are disrupted, according to a contingency plan that was unveiled on Thursday. These emergency measures will be activated only if other action…
Ukraine devalues hryvnia currency by 25% against U.S. dollar
KYIV (Reuters) -Ukraine’s central bank devalued the hryvnia currency by 25% against the U.S. dollar on Thursday to help the country cope with the growing economic impact of the war with Russia. The National Bank of Ukraine (NBU) said in a statement tha…
Russia pumps Nord Stream gas to Europe again – but it’s not enough
By Christoph Steitz and Nina Chestney FRANKFURT/LONDON (Reuters) -Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage, allaying some of Europe’s immediate supply fears but not enough to end the threat of rati…
Australia battles fresh Omicron outbreak as COVID deaths rise
SYDNEY (Reuters) – Australia reported one of its highest daily death tolls from the novel coronavirus on Thursday while hospital admissions hovered near record levels, as authorities struggle to get ahead of highly contagious Omicron variants. The BA.4…
Microsoft investigates Teams outage as services drop for thousands of users
By Akriti Sharma (Reuters) -Microsoft Corp’s messaging application MS Teams was down for thousands of users on Thursday, according to an outage tracking website, and the company said it was investigating the disruption. The Redmond, Washington-based co…
UK teens shun traditional news for TikTok, Instagram – regulator
LONDON (Reuters) – Teenagers in Britain are increasingly turning to social media platforms such as Instagram, TikTok and YouTube for news and are moving away from traditional outlets, media regulator Ofcom said in a report on Thursday. Ofcom’s latest r…
Irish consumer confidence falls to 21-month low in July
DUBLIN (Reuters) – Irish consumer sentiment fell to a 21-month low in July on concerns that a darkening economic outlook would hit personal finances in the coming months, a survey showed on Thursday. The KBC Bank Ireland consumer sentiment index slippe…