Europe Business

Oil falls on mounting COVID-19 cases, supply concerns

25/09 Oil edged lower on Friday, falling more than 2% on the week as COVID-19 cases surged globally and oil supply is set to rise in coming weeks.. . .  Full story

Gold slips as investors look to dollar for safety from coronavirus woes

25/09 Gold fell on Friday, hovering near last session's over two-month low, as investors sought shelter in the dollar from rising coronavirus cases and uncertainties over the next U.S. stimulus to aid the economy.. . .  Full story

Premier Oil seeks new covenant waiver extension - source

25/09 Premier Oil is asking debt holders to extend a waiver on its borrowing terms beyond Sept. 30 while it tries to convince at least 75% of its creditors to back a plan to raise. . .  Full story

Portugal's public deficit widens as pandemic bites

25/09 Portugal's government reported on Friday a public deficit of around 6.1 billion euros between January and August this year, over 16 times higher compared to the same period in 2019 due to the impact. . .  Full story

Rolls-Royce says no final decision on potential stakes

25/09 Rolls-Royce said on Friday that no final decision had been made on allotting shares to potential investors, "including any sovereign wealth fund", as the British engineering firm was still reviewing all available funding options.. . .  Full story

Virus fears push European stocks to worst week since June

25/09 European stocks recorded their worst weekly decline since mid-June on Friday, as investors feared that a second wave of coronavirus infections will hamper economic recovery, while banking stocks sank to an all-time low.. . .  Full story

Copper steadies as market waits for cues from data

25/09 Copper prices steadied on Friday after hitting one-month lows in the previous session as the market waited for economic data to shed light on growth and demand prospects and stimulus plans to shore up. . .  Full story

Consumer stocks help UK shares end harsh week higher

25/09 A near 44% surge in bookmaker William Hill on takeover offers lifted consumer stocks on Friday, helping UK shares outperform European peers and end a tumultuous week on a high note.. . .  Full story

Regulators ready to give more coronavirus relief to banks if needed

25/09 Global banking regulators said on Friday they stand ready to offer more relief to lenders as a second wave of the pandemic and prolonged remote working test their resilience.. . .  Full story

-Cost of European junk bond insurance set for biggest weekly jump since March

25/09 The cost of insuring European junk bonds against default was on track for its biggest weekly jump since the height of the coronavirus market sell-off in March on Friday.. . .  Full story

Germany confirms two more swine fever cases in wild boar

25/09 Another two cases of African swine fever (ASF) have been confirmed in wild boars in the eastern German state of Brandenburg, the state government said on Friday.. . .  Full story

Retired colonel sworn in as Mali interim president after coup

25/09 Retired colonel Bah Ndaw was sworn in as Mali's interim president on Friday, tasked with presiding over an 18-month transition back to civilian rule after a military coup.. . .  Full story

Norway could cut oil, gas output by 900,000 boepd if workers strike

25/09 Norwegian oil firms plan to close down 22% of the country's oil and gas output, or 900,000 barrels of oil equivalent per day, if workers go on strike next week, the Norwegian Oil and. . .  Full story

Vodafone wins international arbitration against India in $2 bln tax case

25/09 Vodafone Group Plc said on Friday it had won an international arbitration case against the Indian government, ending one of the most high-profile disputes in the country involving a $2 billion tax claim.. . .  Full story

UK public borrowing overtakes financial crisis peak

25/09 British public borrowing surged again in August to a record high, driven by huge outlays to combat the coronavirus pandemic, with the budget deficit so far this tax year overtaking its full-year peak during. . .  Full story

Germany wants binding quota for CO2-free jet fuel -draft law

25/09 Germany plans to speed up its transition to low-carbon transport, bringing forward by four years to 2026 the point when 14% of fuel used in transport must come from renewable energy sources, according to. . .  Full story

Italy hikes deficit targets, sees debt around 156% of GDP in 2021 - sources

25/09 Italy is preparing to raise its budget deficit goals for this year and next and target public debt at around 156% of national output in 2021 because of the coronavirus crisis, two government sources. . .  Full story

William Hill gets bid approaches from Apollo and Caesars

25/09 William Hill has received rival takeover proposals from buyout firm Apollo and U.S. casino operator Caesars Entertainment, the British betting firm said on Friday, without disclosing the value of the offers.. . .  Full story

Aviva in talks for piecemeal sale of Italy business - sources

25/09 Aviva is weighing a piecemeal sale of its Italian business which consists of two joint venture agreements focused on life insurance as well as general insurance policies handled by a network of agents, sources familiar. . .  Full story

Swiss add UK, Ireland, others to quarantine list

25/09 Switzerland on Friday added several countries including the United Kingdom, Ireland, Denmark, Belgium, the Netherlands and Portugal to its list https://www.bag.admin.ch/bag/en/home/krankheiten/ausbrueche-epidemien-pandemien/aktuelle-ausbrueche-epidemien/novel-cov/empfehlungen-fuer-reisende/quarantae. . .  Full story

Poland to close coal mines by 2049 in deal with unions

25/09 Poland's government struck a deal with trade unions on Friday to gradually close its coal mines by 2049, the two sides said, confirming a Reuters report.. . .  Full story

Rise of the zombies? Europe faces insolvency balancing act

25/09 Even as the European economy slumps into its deepest recession in modern history, the number of bankruptcies across the continent has fallen sharply as government subsidies and a temporary loosening of insolvency rules keep companies. . .  Full story

New COVID-19 cases in England accelerating sharply - ONS survey

25/09 The number of people in England with COVID-19 jumped by 73% in the week to Sept. 19, according to an official estimate that underscored the resurgence of the pandemic in Britain.. . .  Full story

MasMovil says has not been in talks with Vodafone

25/09 Spain's MasMovil and its new private equity owners said they had not been in contact with Vodafone after a newspaper reported the London-based company had started talks about buying the mobile operator.. . .  Full story

Italy launches fund to help virus-hit hospitality industry

25/09 Italy's state lender CDP said on Friday it had created a National Tourism Fund to invest up to 2 billion euros ($2.3 billion) in the hotel sector, ravaged by the coronavirus pandemic.. . .  Full story

Trafigura proposes carbon levy on marine fuels to help meet decarbonisation targets

25/09 Commodities trader Trafigura on Friday proposed a carbon levy of $250-$300 per tonne of carbon-dioxide (CO2) equivalent on shipping fuels to make zero and low carbon fuels more economically viable and competitive.. . .  Full story

EU's Vestager appeals court veto of $15 bln Apple tax order

25/09 EU antitrust chief Margrethe Vestager on Friday appealed a court ruling dismissing her order to iPhone maker Apple to pay 13 billion euros ($15 billion) in Irish back taxes, a landmark case in the. . .  Full story

Tech ETF outflows send a wake-up call after sizzling rally

25/09 Passive investors, the backbone of the Nasdaq's rally this year, seem to have lost their nerve, pulling massive amounts of cash in recent days from index-tracking technology funds in what many see as an. . .  Full story

Boohoo to tackle failings in Leicester supply chain

25/09 An independent review for fashion retailer Boohoo found many failings in its English supply chain after allegations about working conditions and low pay, the company said on Friday, setting out steps it was taking to. . .  Full story

Julius Baer ordered to pay 150 mln Sfr over vanished East German cash

25/09 Swiss private bank Julius Baer could seek to recoup 150 million Swiss francs ($162 million) from UBS after it was ordered on Friday to repay the German government over millions in East German cash that. . .  Full story

Italy business and consumer morale rise in Sept to highest since start of coronavirus

25/09 Morale among Italian businesses and consumers rose in September to the highest level since the start of the country's coronavirus outbreak in February, data showed on Friday.. . .  Full story

Kazakhstan's Kaspi revives London float plan

25/09 Kazakh banking and fintech firm Kaspi.kz announced on Friday it intended to list on the London Stock Exchange, reviving plans it had abandoned a year ago.. . .  Full story

New York stays ahead of London in top financial centres survey

25/09 New York retained the top spot in a survey of global financial centres on Friday, with London strengthening its position in second place just over three months before Britain's full departure from the European. . .  Full story

Infinite Power seeks to raise funds for UK power cell plant

25/09 Infinite Power is seeking to raise 25 million pounds ($32 million) to construct its first production facility in Britain to make power cells to provide clean energy to industry.. . .  Full story

France rejects UK 'intimidation' on post-Brexit deal - FT

25/09 France has dismissed this week's dire British warnings about post-Brexit transport delays across the Channel as tactical posturing, the Financial Times reported https://www.ft.com/content/d8d6d3b9-e02f-4685-9935-918776202fbd on Friday.. . .  Full story

Chinese state investors to take BMW partner Brilliance private - sources

25/09 Chinese state-backed investors are considering taking BMW's main Chinese joint-venture partner Brilliance private, five people with knowledge of the matter told Reuters, in the latest such deal targeting beaten down Hong Kong-listed stocks.. . .  Full story

China gets nod to join FTSE Russell's trillion-dollar WGBI club

25/09 FTSE Russell will add Chinese government bonds (CGBs) to its flagship World Government Bond Index (WGBI), the index provider said on Thursday, paving the way for billions of dollars of inflows into the world's second-largest. . .  Full story

UK car output falls by nearly half in August

25/09 British car production fell by an annual 45% in August as the sector continues to suffer due to the COVID-19 pandemic pushing down demand, an industry body said on Friday.. . .  Full story

UK consumer confidence rises to highest since lockdown: GfK

25/09 British consumer confidence ticked up in September to its highest level since the coronavirus lockdown started in March, but it remains well below its pre-pandemic levels, a survey showed on Friday.. . .  Full story

FTSE Russell downgrades Argentina stocks; Vietnam, Russia on watchlist for upgrade

25/09 FTSE Russell downgraded Argentina's stock market to "unclassified" from "frontier market" on Thursday, as capital controls remain in place in the South American country.. . .  Full story

Novavax initiates late-stage COVID-19 vaccine trial in UK

24/09 Novavax Inc on Thursday started a late-stage trial of its experimental COVID-19 vaccine in the United Kingdom in partnership with the government's Vaccines Taskforce, sending the company's shares up 6% after the bell.. . .  Full story

Seeking deeper emissions cuts, U.N. and Britain plan December climate summit

24/09 The United Nations and Britain will host an online climate summit in December, the fifth anniversary of the U.N. Paris climate agreement, in a last-ditch bid to have countries meet a deadline to upgrade. . .  Full story

Airbus holds jet output stable in face of crisis warnings -sources

24/09 Airbus is set to reaffirm its aircraft production rates, despite warnings that the coronavirus crisis will be deeper and longer than expected, industry sources told Reuters on Thursday.. . .  Full story

France opens probe into BNP Paribas over its role in Sudan

24/09 Paris prosecutors have opened an investigation into French bank BNP Paribas over allegations of complicity in crimes against humanity in Sudan, a lawyer and Paris-based International Federation for Human Rights (FIDH) said on Thursday.. . .  Full story

UK watchdog tells bankers to be strict about office working

24/09 Britain's financial industry staff should work from home where possible, with only truly essential staff going to the office, the Financial Conduct Authority said on Thursday.. . .  Full story

Allianz-led consortium in advanced talks to take on Aviva's French arm – sources

24/09 A consortium of German insurer Allianz and life insurer Athora Holding is in advanced talks to buy Aviva's French operations in a deal worth between 2 and 3 billion euros ($2.3-$3.5 billion), sources close to. . .  Full story

Fashion label Chanel issues bond linked to climate targets

24/09 French luxury label Chanel on Thursday raised a 600 million euro ($699 million) bond with clauses linked to its environmental goals, as firms in a sector under scrutiny from waste-conscious shoppers ratchet up. . .  Full story

Stronger dollar and new COVID-19 cases drag metals lower

24/09 Copper fell to a one-month low on Thursday as the U.S. dollar strengthened, sapping demand for commodities priced in the currency and on concerns that fresh cases of coronavirus could hamper global economic recovery.. . .  Full story

European stocks slide in risk-off mood, M&A talk lifts Italian banks

24/09 European stocks slid on Thursday, with UK markets leading the way after Britain's government launched a scaled-back job support programme, while a second wave of COVID-19 cases across the continent dampened investor sentiment.. . .  Full story

Irish foreign minster says EU-UK trade deal breakthrough possible

24/09 There is a window of several weeks for Britain and the European Union to reach a breakthrough in trade talks before Britain's upper house of parliament considers the contentious Internal Market Bill, Ireland's foreign minister. . .  Full story

Euro zone bond yields dip as concern grows over second COVID wave

24/09 High-grade euro zone government bond yields fell across the board on Thursday on bets that the European Central Bank will keep the stimulus taps flowing as worries grow over the economic impact of a. . .  Full story

UK shares drop as job support scaled back; AstraZeneca weighs

24/09 London shares dropped on Thursday, hitting session lows after Britain scaled-back job support for workers hit by the resurgent coronavirus pandemic, while AstraZeneca slid as U.S. trials for its COVID-19 vaccine remained on hold.. . .  Full story

Ex Cambridge Analytica boss banned over 'unethical services' - UK agency

24/09 The former head of now-defunct political consulting firm Cambridge Analytica has been banned from running limited liability companies in Britain for seven years for letting staff offer "unethical services", a state agency said.. . .  Full story

"I can't save every job": UK scales back support as COVID surges

24/09 Britain's government launched scaled-back job support on Thursday for workers hit by the resurgent COVID-19 pandemic, but warned not everyone could be helped during an economic meltdown that is threatening millions of jobs.. . .  Full story

Carney backs call for climate risk to be baked into company financial accounts

24/09 United Nations climate envoy Mark Carney on Thursday threw his weight behind a growing push by investors for companies to more accurately reflect climate-related risks in their financial accounts.. . .  Full story

Germany to launch 2nd green bond in November with five-year maturity - sources

24/09 Germany is planning to issue its second green bond in November with a five-year maturity as part of its efforts to establish a yield curve for the booming sustainable finance market, two people familiar. . .  Full story

Axel Springer heiress anoints CEO Doepfner to succeed her at German publisher

24/09 Friede Springer, heiress to German tycoon Axel Springer's media empire, designated Chief Executive Mathias Doepfner as her successor on Wednesday as she gifted, sold and transferred the right to vote her stake in the business. . .  Full story

Portugal extends suspension of loan repayments until September 2021

24/09 Portugal will extend its suspension of loan repayments by another six months until September next year to avoid a jump in bad debt as a result of the coronavirus pandemic, Economy Minister Pedro Siza. . .  Full story

Poland should not phase out coal before 2060 - unions

24/09 Poland should not phase out coal before 2060, mining trade unions said on Thursday, as talks with the government continued on the restructuring of the industry, which generates most of the country's electricity.. . .  Full story

UK watchdog tells banks to improve remote working safeguards

24/09 Banks and investment firms need more "creative solutions" to avoid misconduct as staff are set to work from home for longer due to the pandemic, Britain's Financial Conduct Authority said on Thursday.. . .  Full story

Atlantia launches dual-track process for disposal of motorway assets

24/09 The board of Italian infrastructure group Atlantia said on Thursday it would launch a dual-track process to sell its 88% stake in motorway unit Autostrade per l'Italia, seeking to unblock negotiations with the government over. . .  Full story

Lloyd's of London CEO expects appeal over UK business insurance judgment

24/09 Lloyd's of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to be appealed.. . .  Full story

EU to rebalance, not shut City of London's market access

24/09 Britain's access to European Union markets will be rebalanced, but the City of London will not be shut out completely, the bloc's financial services chief Valdis Dombrovskis said.. . .  Full story

Rocket Internet shareholders back delisting

24/09 Shareholders in German tech investment company Rocket Internet voted on Thursday to support its plans to delist its shares to allow the company to pursue a more long-term approach to investing.. . .  Full story

Global climate goals 'virtually impossible' without carbon capture-IEA

24/09 A sharp rise in the deployment of carbon capture, utilisation and storage (CCUS) technology is needed globally if countries are to meet net-zero emissions targets designed to slow climate change, the International Energy Agency (IEA). . .  Full story

What is in the UK's job-supporting Winter Economy Plan?

24/09 British finance minister Rishi Sunak announced on Thursday a new jobs support scheme that would help firms keep people employed but on shorter hours, as he warned he could not save every business or. . .  Full story

Suez poison pill violates minority shareholder rights -CIAM

24/09 Suez minority shareholder CIAM said in a letter to Suez' board chairman that Suez is violating shareholders' rights by lodging its French water activities in a Dutch foundation as a defence against a takeover bid. . .  Full story

German court opens criminal proceedings against former VW CEO

24/09 A court in Braunschweig, Germany, said on Thursday it had opened proceedings against former Volkswagen CEO Martin Winterkorn, examining whether he is guilty of market manipulation as part of the carmaker's emissions scandal.. . .  Full story

Shell looking to sell stake in Philippines' Malampaya gas project

24/09 Royal Dutch Shell PLC is looking to sell its 45% stake in the Malampaya gas-to-power project in the Philippines, a key power source for the country's main island of Luzon, its local unit said. . .  Full story

Germany confirms 3 more swine fever cases in wild boar

24/09 A further three cases of African swine fever (ASF) have been confirmed in wild boar in the eastern German state of Brandenburg, Germany's federal agriculture ministry said on Thursday.. . .  Full story

KBC Bank Ireland fined 18 million euros for mortgage overcharging

24/09 Ireland's central bank on Thursday fined KBC Bank Ireland 18.3 million euros ($21.3 million) for overcharging mortgage customers who should have been given the option of a cheaper "tracker" mortgage, the second bank to be. . .  Full story

Kazakhstan's Kaspi may revive London float after Tinkoff deal -sources

24/09 Kazakh banking and fintech firm Kaspi.kz may revive plans to list in London within weeks, three sources told Reuters, after Yandex's planned purchase of Russian online bank Tinkoff establishes a comparative valuation.. . .  Full story

-Engineering firm Smiths' annual profit falls

24/09 Smiths Group reported a lower annual profit on Thursday due to higher costs and a hit from the COVID-19 pandemic, while the British engineering firm also said it was cutting jobs as part of. . .  Full story

Italy's Banco BPM says no tie-up talks with UniCredit

24/09 Italy's third-largest bank Banco BPM is not in contact with bigger rival UniCredit over a potential merger, a Banco BPM spokeswoman said, dismissing a press report.. . .  Full story

Japan Q4 aluminium premium rises to $88/T as demand recovers from COVID-19

24/09 The premium for aluminium shipped to Japanese buyers for October to December was set at $88 a tonne, up 11% from the current quarter, as demand began to pick up from the pandemic-induced shock,. . .  Full story

UK retail sales growth hits highest since April 2019: CBI survey

24/09 British retail sales, one of the bright spots of the pandemic-hit economy, grew this month at the fastest rate since April 2019, a survey showed on Thursday.. . .  Full story

Business morale brightens in Germany, France despite coronavirus resurgence

24/09 Business morale in Germany and France improved for the fifth month in a row in September, boosting hopes that the euro zone's two biggest economies had enjoyed a solid recovery from the coronavirus shock. . .  Full story

Not coming soon: Cineworld squeezed by movie delays, fears new virus curbs

24/09 Cineworld, the world's second-biggest cinema operator, warned on Thursday it might need to raise more money if theatres shut again from fresh pandemic curbs after it swung to a $1.64 billion first-half loss, sending shares. . .  Full story

Atlantia requested govt respect market conditions in motorway deal-letter

24/09 Atlantia made clear to the Italian government in July that any deal over the ownership of its motorway assets would need to meet market conditions and protect the rights of minority shareholders, a document. . .  Full story

German business morale brightens despite coronavirus resurgence

24/09 German business morale improved for the fifth month in a row in September, a survey showed on Thursday, in a further sign that Europe's largest economy is enjoying a solid recovery from the coronavirus. . .  Full story

Dutch asset manager Robeco cuts fossil fuels from all its funds

24/09 Dutch asset manager Robeco is excluding investments in thermal coal, oil sands and Arctic drilling from all its mutual funds, it said on Thursday, joining other investors in cutting their exposure to fossil fuels.. . .  Full story

UK COVID-19 policy threatens hundreds of thousands of jobs - Ryanair's O'Leary

24/09 Britain risks losing hundreds of thousands of travel and tourism jobs in the coming months unless the government offers proper supports to workers and relaxes travel restrictions, Ryanair boss Michael O'Leary said on Thursday.. . .  Full story

German industry's export expectations up significantly - Ifo economist

24/09 German industry is recovering and its export expectations have improved significantly, said Klaus Wohlrabe, economist at the Ifo economic institute.. . .  Full story

Total to convert Grandpuits refinery to biofuels and bioplastics

24/09 French oil major Total said on Thursday it was investing more than 500 million euros ($583 million) to convert its Grandpuits, France, refinery into a zero-crude platform for biofuels and bioplastics.. . .  Full story

EU watchdog calls for tax data sharing powers to combat fraud

24/09 Securities and tax regulators should have new powers to share information for cracking down on fraudulent tax reclaim schemes, the European Union's markets watchdog said on Thursday.. . .  Full story

Veolia could raise bid for Suez stake, CEO says

24/09 Veolia will not rule out increasing the price it has offered for a stake in rival French utility Suez, CEO Antoine Frerot said in a radio interview on Thursday.. . .  Full story

AA in talks over bid from Towerbrook, Warburg Pincus group

24/09 AA is in talks over a possible all-cash offer from a consortium consisting of private equity firms Towerbrook Capital Partners and Warburg Pincus, the British roadside recovery group said on Thursday.. . .  Full story

Pets At Home upbeat on profit despite risk of another lockdown

24/09 Pets At Home said on Thursday it expects annual earnings to beat market consensus despite the risk of a second coronavirus lockdown in Britain, as sales improved after the initial restrictions were eased.. . .  Full story

Indivior targets $70 mln savings through job cuts, restructuring

24/09 British drugmaker Indivior said on Thursday it plans for up to $70 million in cost savings next year as it restructures its supply channels in the United States, including cutting an unspecified number of. . .  Full story

United Utilities flags revenue hit on lower consumption, price cuts

24/09 British water supplier United Utilities Group Plc warned of lower first-half revenue on Thursday, pressured by lesser consumption by businesses due to the COVID-19 pandemic and price cuts set by the sector regulator Ofwat.. . .  Full story

French business confidence grew in September despite COVID resurgence

24/09 French business confidence rose in September to its highest level since just before the coronavirus outbreak, despite a resurgence of new cases in recent weeks, a monthly survey showed on Thursday.. . .  Full story

UK's SIG posts loss on virus hit, lifts 2020 revenue view

24/09 SIG Plc reported a first-half loss of 53.7 million pounds ($68.24 million) on Thursday due to the coronavirus hit to construction activity, but the building materials supplier said its 2020 revenue would fall lesser. . .  Full story

Swiss watchdog reprimands Bank SYZ for breaching money laundering rules

24/09 Swiss financial market supervisor FINMA on Thursday reprimanded private Bank SYZ over money laundering rules breaches involving business ties with a politically exposed Angolan client who made transactions worth tens of millions of Swiss. . .  Full story

Adyen co-founder Schuijff to step down from management board

24/09 Online payments company Adyen said on Thursday that one of its two co-founders, Arnout Schuijff, would step down from the company's management board as of Jan. 1.. . .  Full story

-EU close to concluding preliminary talks with Novavax on COVID vaccine supply - source

24/09 Brussels is close to wrapping up preliminary talks with U.S. vaccine maker Novavax for its potential COVID-19 shot, an EU source involved in the negotiations said, as the bloc ramps up its push in. . .  Full story

Italy may adopt targeted closures against coronavirus - PM to paper

24/09 Italy may apply well-targeted closures where necessary to contain the spread of the new coronavirus while another general lockdown is unlikely, Prime Minister Giuseppe Conte told la Stampa daily in an interview.. . .  Full story

World’s operating nuclear fleet at 30 year low as new plants stall – report

24/09 The number of nuclear reactor units operating globally is at a 30 year low, while new plants struggle for investment, an industry report said on Thursday.. . .  Full story

China's pork rib prices jump after ban on German imports

24/09 The cost of China's much-loved pork rib dishes is soaring after Beijing suspended imports of pigmeat from major supplier Germany, hurting restaurants still recovering from the coronavirus hit earlier this year.. . .  Full story

UK managed assets seen near pre-pandemic record above $10 trln

24/09 British fund managers' assets under management rebounded by the end of June towards record highs above 8 trillion pounds ($10.20 trillion) seen before the COVID-19 pandemic, estimates from the sector's trade body show.. . .  Full story

Most UK firms unprepared for end of Brexit transition: BCC

24/09 A swathe of British businesses are unprepared for the end of the Brexit transition period at the turn of the year, a survey from the British Chambers of Commerce showed on Thursday.. . .  Full story

Fund to cut emissions in developing world cities launched

23/09 A new multilateral finance fund was launched on Wednesday that aims to cut carbon emissions and improve conditions in developing-world cities.. . .  Full story

World Bank's IFC adopts new climate rules to deter lenders from backing coal

23/09 The World Bank's private-sector arm has introduced new climate change conditions for its investments in commercial banks to encourage the lenders to wind down support for coal projects in Africa and Asia.. . .  Full story

West African bloc may lift Mali sanctions soon, says envoy

23/09 West African leaders may lift painful economic sanctions against Mali once an interim president is inaugurated on Friday in the wake of the Aug. 18 military coup, the bloc's envoy said, praising the junta's leadership.. . .  Full story

Nikola's talks with energy firms stalled after short-seller report - WSJ

23/09 Nikola Corp's talks with energy firms including BP PLC to build hydrogen-refueling stations have been stalled following a short-seller's allegations that the electric automaker misled investors, the Wall Street Journal reported.. . .  Full story

Defence supplier Hensoldt prices IPO at low end of range

23/09 Private equity-owned German defence supplier Hensoldt priced its initial public offering at 12 euros per share, at the low end of its marketing range, the company said on Wednesday.. . .  Full story