BERLIN (Reuters) – Germany will nominate university professor Isabel Schnabel to the European Central Bank’s executive board, a source familiar with the process told Reuters on Tuesday, giving Germany an expert voice…
As Poland Exits Coal, a Billionaire Offers First Nuclear Plant
Poland’s second-richest man may beat the government in building the nation’s first nuclear power plant. Michal Solowow’s Synthos SA, the second-largest European maker of synthetic rubber, signed a memorandum with GE Hitachi Nuclear…
Italy’s biggest bank wants to become less Italian
MILAN (Reuters) – The chief executive of UniCredit (CRDI.MI) has a plan to revive his company’s ailing share price – make it less Italian. Italy’s biggest bank is looking at whether it…
Three words, 11mn jobs: Draghi’s legacy for euro area
Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes. Three words — whatever it takes — defined Mario Draghi’s time as European Central Bank president, but…
EU warns France, Italy over budgets, but rows unlikely
STRASBOURG (Reuters) – The European Commission said France and Italy draft budgets for next year might breach of European Union fiscal rules and it asked for clarification by Wednesday in letters sent…
Investor revolt torpedoes Swiss Sunrise Group’s $6.4bn Liberty Global deal
Sunrise Communications Group bowed to investor pressure yesterday and scrapped its 6.3bn Swiss franc ($6.39bn) acquisition of Liberty Global’s Swiss cable business UPC. The number two Swiss telecommunications group had battled to…
Gmail hooked us on free storage. Now Google is making us pay
Google lured billions of consumers to its digital services by offering copious free cloud storage. That’s beginning to change. The Alphabet Inc. unit has whittled down some free storage offers in recent…
QP commences supply of very low sulphur fuel oil at RLIC port
Qatar Petroleum (QP) has commenced the supply of Very Low Sulphur Fuel Oil (VLSFO) at Ras Laffan Industrial City (RLIC) Port. The VLSFO marine fuel offering has been initiated in advance of…
Qatar to be a $225bn economy by 2020
Qatar is expected to be a $225bn economy by 2020, thus offering immense investment potential to foreign investors, as Doha eyes substantial inflow of foreign direct investment (FDI). The future of Qatar’s…
Nakilat posts 10.5% surge in nine-month net profit to QR728mn
Nakilat reported a 10.5% year-on-year increase in net profit to QR728mn in the first nine months of this year. The company’s positive financial performance can be primarily attributed to better operational performance…