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Merkel favors carbon pricing to meet environmental targets

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FILE PHOTO: German Chancellor Angela Merkel reacts during a news conference with Denmark’s Prime Minister Mette Frederiksenat the Chancellery in Berlin, Germany, July 11, 2019. REUTERS/Hannibal Hanschke/File Photo BERLIN (Reuters) – Chancellor Angela Merkel said on Friday she flavored carbon prices to incentivize savings in climate-damaging emissions, as Germany struggles to meet its 2030 environmental Read More

Spain struggles to regulate renewable energy gold rush

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MADRID (Reuters) – Spanish authorities fear that a speculative rush threatens to hold back the development of renewable energy, saying coveted rights to connect to the national power grid are being secured with the sole aim of selling them on for a profit. FILE PHOTO: Power lines connecting pylons of high-tension electricity and a billboard-sized Read More

Renault’s Senard expects Nissan’s new board to embrace alliance

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PARIS (Reuters) – Renault (RENA.PA) is confident that alliance partner Nissan’s (7201.T) new board will work to reinforce their partnership as it struggles to turn the page on the Carlos Ghosn scandal, Renault Chairman Jean-Dominique Senard said on Thursday. FILE PHOTO: Renault Chairman Jean-Dominique Senard gestures at the end of a joint news conference in Read More

Exclusive: Barneys New York explores options that include bankruptcy – sources

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NEW YORK (Reuters) – U.S. luxury department store operator Barneys New York Inc is exploring options that include a bankruptcy filing, as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday. FILE PHOTO: People walk by a Barneys New York retail store in New York October 24, Read More

Exclusive: Department store Barneys New York explores bankruptcy – sources

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NEW YORK (Reuters) – U.S. luxury department store Barneys New York Inc is exploring a bankruptcy filing as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday. FILE PHOTO: People walk by a Barneys New York retail store in New York October 24, 2013. REUTERS/Eric Thayer The Read More

Exclusive: Department store Barneys New York Inc explores bankruptcy – sources

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FILE PHOTO: People walk by a Barneys New York retail store in New York October 24, 2013. REUTERS/Eric Thayer NEW YORK (Reuters) – Luxury department store Barneys New York Inc is exploring a bankruptcy filing as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday. The nearly Read More

Volvo CEO laments Sweden’s high crime rate, says company might move its HQ abroad

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The head of the Swedish car manufacturer Volvo has created quite a stir at home, saying that his company struggles to attract foreign specialists due to the lack of public security and may be considering moving elsewhere. Speaking to the daily Svenska Dagbladet, Volvo CEO Hakan Samuelsson lamented the fact that the auto manufacturer has Read More

Cargill quarterly profit dives 41% on trade tensions, U.S. floods

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CHICAGO (Reuters) – Global commodities trader Cargill Inc reported a 41% drop in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding in the central United States that hit marketing and transportation of grains and livestock. FILE PHOTO: A Cargill logo is pictured on the Provimi Read More

Cargill fourth-quarter profit dives 41% on trade tensions, U.S. floods

1 week ago DieselGasoil Comments Off on Cargill fourth-quarter profit dives 41% on trade tensions, U.S. floods
CHICAGO (Reuters) – Commodities trader Cargill Inc reported a 41% slump in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding in the central United States that hit marketing and transportation of grains. FILE PHOTO: A Cargill logo is pictured on the Provimi Kliba and Protector Read More