The European Union plans to conduct early carbon market auctions, starting from July, to raise extra funds to help countries quit Russian gas and cut emissions, the European Commission said on Monday evening. The EU plans to raise 20 billion euros ($21.62 billion) in grants from its carbon market, with 8 billion euros of that […]
Europe
The European Union on Tuesday reached a provisional deal on the deployment of more service stations for cars running on electricity and alternative fuels as the bloc seeks to reduce the carbon footprint of its transport sector. “The agreement will send a clear signal to citizens and other stakeholders that user-friendly recharging infrastructure and refuelling […]
Oil prices stabilised in Asian trade on Monday as investors sought cues from broader financial markets, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe. Brent crude futures held unchanged at $74.99 a barrel at 0357 GMT after hitting a session high of $75.64. U.S. West Texas Intermediate […]
European Union leaders agreed on Thursday to back a revamp of the single market, simplified regulations and other steps to ensure the bloc can compete with the United States and China as an industrial leader in green and digital technologies. High energy prices and U.S. President Joe Biden’s Inflation Reduction Act, which offers $369 billion […]
French car maker Renault is in talks with Nissan about synergies in electric vehicle charging in 11 European countries, Renault’s charging unit CEO told Reuters on Thursday. Talks have already moved forward in France on charging boxes that customers can have installed at home for their Nissan EV, which will be supplied by the Mobilize […]
Unlearn.AI, which has built a machine learning platform that creates “digital twin” profiles of patients in clinical trials, has raised $15 million to expand partnerships and accelerate regulatory approval, the company told Reuters on Tuesday. The investment from Radical Ventures and Wittington Ventures valued the startup at $265 million, the company said. Mira Murati, chief […]
Global bank shares slid on Monday even as U.S. authorities moved swiftly to stem contagion following the collapse of startup-focused Silicon Valley Bank. HSBC bought the UK arm of stricken SVB for a symbolic one pound, rescuing a key lender for technology start-ups in Britain and helping curb the fallout from the biggest bank collapse […]
German rail operator Deutsche Bahn, which is digitising its operations, last December awarded a 64 million euro ($67.79 million) contract to supply most of the components for its new IP network to a company using technology from China’s Huawei. The IP network will form the backbone of a new digital infrastructure that will enable the […]
British Prime Minister Rishi Sunak said on Friday he was talking to the United States and European Union about the U.S. Inflation Reduction Act amid concern it could make European markets uncompetitive. There are concerns in Europe that the United States’ $369 billion of subsidies for electric vehicles and other clean technologies could put companies […]
A dramatic sell-off in U.S. bank stocks spilled over into Europe on Friday, as some of the region’s biggest banks saw their shares tumble in their largest decline in nine months. Europe’s STOXX banking index fell more than 4% and was set for its biggest one-day slide since early June, with declines for most major […]