EUROP

US Treasury gives green light to Russian default insurance payouts

The United States Department of the Treasury is seen in Washington, DC, US, August 30, 2020. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 22 (Reuters) – The US Treasury issued a special waiver on Friday to allow investors with insurance against a Russian default, known as Credit Default …

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Germany hands $15 bln bailout to Uniper after Russian gas hit

Government to take 30% stake in Uniper Uniper risked collapse due to dwindling supplies, high prices Uniper can pass on higher gas costs to consumers Uniper shares plunge to record low Scholz promises help to households to offset rising energy bills FRANKFURT/HELSINKI/BERLIN, July 22 (Reuters) – The German government stepped in to rescue Uniper (UN01.DE) …

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Ford to buy cheaper CATL EV batteries to catch Tesla

Ford CEO Jim Farley attends the official launch of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, US April 26, 2022. REUTERS / Rebecca Cook / File Photo Register now for FREE unlimited access to Reuters.com Register DETROIT, July 21 (Reuters) – Ford Motor Co …

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Boeing, Airbus secure Farnborough orders as sector stabilizes

FARNBOROUGH, England, July 20 (Reuters) – Boeing has been cranking out order announcements at this week’s Farnborough Airshow, restoring momentum to its troubled 737 MAX, while rival Airbus on Wednesday added to its A320neo order book. Boeing has secured over 100 firm orders for the MAX as it still faces big challenges to certify a …

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Tesla profit tops target; Musk sees no demand problem

A Tesla logo is seen in Los Angeles, California US January 12, 2018. REUTERS / Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register July 20 (Reuters) – Tesla Inc (TSLA.O) on Wednesday reported a smaller-than-expected drop in quarterly profit as a string of price increases on its electric vehicles (EVs) helped offset …

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Oil prices fall after US data shows lackluster gasoline demand

Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada November 14, 2016. REUTERS / Chris Helgren Register now for FREE unlimited access to Reuters.com Register US crude stocks dip, gasoline inventories up – EIA EIA data shows lackluster gasoline demand – analysts Central bank efforts to …

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Quidditch becomes quadball as sport’s bodies change name

LONDON, July 20 (Reuters) – Quidditch, the sport inspired by the wizarding game in the “Harry Potter” books, will now be known as quadball, its governing bodies said, a name change meant in part to distance themselves from author JK Rowling’s views on transgender issues. In a statement on its website on Wednesday, the International …

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Europe races to cut Russian gas usage amid new Putin warning

Nord Stream 1 pipeline out of action for maintenance Pipeline due to resume pumping on Thursday EU says states must act now to reduce gas consumption Germany, others have rationing and other plans in place BRUSSELS / LONDON, July 20 (Reuters) – The European Union will set out emergency plans on Wednesday to curb gas …

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Exclusive: Russia likely to restart gas exports from Nord Stream 1 on schedule – Russian sources

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine Nord Stream 1’s maintenance lasts from July 11 to July 21 Gazprom cut gas supplies via pipeline in June MOSCOW, July 20 (Reuters) – Russian gas flows via the Nord Stream 1 pipeline are likely to restart on …

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