Up to individual French companies to decide how to reach energy saving target – ministry

PARIS, Oct 6 (Reuters) – The French government will not impose binding measures on companies on how to reach a national energy savings target, Energy Minister Agnes Pannier-Runacher said on Thursday, as France prepares for a possible tough winter regarding supplies of energy . President Emmanuel Macron’s government is due to announce sector-by-sector energy saving … Read more

Hong Kong August retail sales slip, tight financial conditions dim outlook

August tourist arrivals soar 451.4% after July’s 454.4% growth Aug jewelry, watch sales up 4.3% y/y vs July’s 30.1% jump Govt says tight financial conditions will pose constraints HONG KONG, Sept 30 (Reuters) – Hong Kong’s retail sales in August edged down on an annual basis while the growth rate also slowed from the month … Read more

Buying Uniper was ‘a mistake’, Finnish finance minister says

HELSINKI, Sept 28 (Reuters) – Buying Germany’s top gas importer Uniper (UN01.DE) was “a mistake”, Finland’s finance minister Annika Saarikko told Reuters, after its nationalization left both countries with huge losses. Germany agreed to step in to nationalize Uniper, its largest importer of Russian gas, amid a deepening energy crisis that had brought Uniper to … Read more

UK Labor Party pledges to set up public energy company if elected

LIVERPOOL, England, Sept 27 (Reuters) – Britain’s opposition Labor Party would set up a publicly-owned energy company within a year of coming to power if it wins the next election, leader Keir Starmer said on Tuesday, saying it would lower bills and help deliver energy independence. Starmer said that a publicly-owned company would help ensure … Read more

Britain’s finance minister says debt will fall as a proportion of GDP in the medium term

Britain’s Chancellor of the Exchequer Kwasi Kwarteng walks outside Downing Street in London, Britain, September 23, 2022. REUTERS/Maja Smiejkowska Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 23 (Reuters) – British finance minister Kwasi Kwarteng said on Friday the government would publish a plan to reduce debt as a proportion of gross … Read more

German minister calls for more funds for companies as debt debate intensifies

German Economy and Climate Minister Robert Habeck addresses a news conference in Duesseldorf, Germany, February 22, 2022. Roberto Pfeil/Pool via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register BERLIN, Sept 22 (Reuters) – The German economy minister on Thursday called for more government funds to support companies as a debate intensifies on … Read more

German economy ministry reveals plan to boost competition office powers

Pence with the logo of Germany’s Federal Cartel Office are pictured following a news conference in which the anti-trust watchdog presented its findings of the investigation into Facebook’s data collection practices in Bonn, Germany, February 7, 2019. REUTERS/Wolfgang Rattay Register now for FREE unlimited access to Reuters.com Register BERLIN, Sept 19 (Reuters) – Germany’s federal … Read more

Czech minister wants power price limits for industry as part of broader aid

Czech Finance Minister Zbynek Stanjura takes part in a European Union finance ministers meeting in Brussels, Belgium, July 12, 2022. REUTERS/Yves Herman Register now for FREE unlimited access to Reuters.com Register PRAGUE, Sept 11 (Reuters) – The Czech government will look at putting a limit on industrial electricity bills at the same time as it … Read more

France, Germany pledge unity to support economy against inflation

German Finance Minister Christian Lindner and French Finance Minister Bruno Le Maire attend a news conference, after Le Maire was awarded the Grand Cross of the Order of Merit of the Federal Republic of Germany, at the Ministry of Finance in Berlin, Germany July 25, 2022 REUTERS/Annegret Hilse/File Photo Register now for FREE unlimited access … Read more

US power use to reach record high in 2022 as economy grows -EIA

Power lines are shown as California consumers prepare for more possible outages following weekend outages to reduce system strain during a brutal heat wave amid the outbreak of coronavirus disease (COVID-19) in Carlsbad, California, US, August 17, 2020. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register Sept 7 (Reuters) – US power … Read more