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List of All Articles with Tag 'europe'

 ‘ESG’ Is Too Important to Ax, Investors Say
 ‘ESG’ Is Too Important to Ax, Investors Say
As Republican legislators in the US try to wipe ESG off the map, most global investors and executives
1970-01-01 08:00
Geopolitics in Focus as Leaders Gather for New Economy Forum
Geopolitics in Focus as Leaders Gather for New Economy Forum
Chinese Vice President Han Zheng and Saudi Arabia’s Minister of Investment Khalid Al-Falih will address the Bloomberg New
1970-01-01 08:00
A World Made of BRICS
A World Made of BRICS
In 2001, Brazil, Russia, India, China and South Africa—the emerging-markets group known as the BRICS—accounted for 19% of
1970-01-01 08:00
Renault Finalizing Transfer of 28% Stake in Nissan
Renault Finalizing Transfer of 28% Stake in Nissan
Renault SA and Nissan Motor Co. are close to completing a landmark deal to rebalance their 24-year-long alliance,
1970-01-01 08:00
Romania Cites Profound Injustice’ in Bid to Join EU’s Schengen Visa-Free Zone
Romania Cites Profound Injustice’ in Bid to Join EU’s Schengen Visa-Free Zone
Romania’s premier called the country’s failure to join the European Union’s visa-free travel zone a “profound injustice,” saying
1970-01-01 08:00
Portugal’s prime minister resigns over inquiry into alleged corruption
Portugal’s prime minister resigns over inquiry into alleged corruption
Portugal’s Prime Minister Antonio Costa has resigned in a televised address, just hours after prosecutors detained his chief of staff in a probe into alleged corruption in his administration's handling of lithium mining and hydrogen projects. The 62-year-old, Portugal's Socialist leader since 2015, asserted his innocence but said that "in these circumstances, obviously, I have presented my resignation to the president of the republic". The state prosecutor's office said the Supreme Court was examining suspects' "use of the prime minister's name and his involvement" when carrying out allegedly illicit activities. It said the minister of infrastructure, Joao Galamba, and the head of the environmental agency were among those named as suspects. President Marcelo Rebelo de Sousa quickly accepted Mr Costa's resignation. He is expected to dissolve parliament and call for a new election. He said in a statement that he is calling parliament to convene on Wednesday, and he will speak to the nation after the Council of State gathers on Thursday. The prime minister teared up while thanking his family for their support. "I totally trust the justice system," he said. "I want to say eye to eye to the Portuguese that my conscience is clear of any illicit or censured act." He acknowledged that he was not "above the law". An investigative judge had issued arrest warrants for Mr Costa's chief of staff Vitor Escaria, the mayor of the town of Sines, and three other people because they represented a flight risk and to protect evidence, the prosecutor's office said in a statement. The judge is investigating alleged malfeasance, corruption of elected officials and influence peddling related to lithium mine concessions near Portugal's northern border with Spain and plans for a green hydrogen plant and data centre in Sines on the south coast. The police raids included the premises of the ministry of the environment, the ministry of infrastructure, Sines town council, private homes and offices. Portugal's lithium mines and green hydrogen projects are part of the continent's green initiative being pushed, and heavily funded, by the European Union. Mr Costa has been a major backer of the projects and an ally of Spain's acting Prime Minister Pedro Sanchez. He had looked set to remain in power for several years after his Socialists scored a landslide victory in elections last year, but in December 2022, his infrastructure and housing minister was forced to quit amid an outcry over a €500,000 (£434,000) compensation payment made to a board member of state-owned flag carrier TAP Air Portugal. The junior minister for infrastructure also stepped down. Ten senior government officials have left their jobs since Mr Costa's party won the 2022 ballot. Mr Costa said he had no prior indication he was being scrutinised by legal authorities. "This is a phase of my life that comes to an end," he said. Associated Press Read More Hundreds gather at vigil held for Ukrainian soldiers killed in missile attack Where the GOP presidential candidates stand on the war in Ukraine Orcas sink another yacht in relentless 45-minute attack Hundreds gather at vigil held for Ukrainian soldiers killed in missile attack Where the GOP presidential candidates stand on the war in Ukraine Orcas sink another yacht in relentless 45-minute attack
1970-01-01 08:00
Portugal stocks lag European peers after PM Costa resigns
Portugal stocks lag European peers after PM Costa resigns
By Ankika Biswas and Bansari Mayur Kamdar (Reuters) -Portugal's shares fell sharply on Tuesday, underperforming the broader European index, after
1970-01-01 08:00
Telecom Italia Approves Grid Sale, Defies Top Investor
Telecom Italia Approves Grid Sale, Defies Top Investor
Telecom Italia SpA has agreed to sell its landline network to KKR & Co. for as much as
1970-01-01 08:00
Traders Boost UK Rate-Cut Bets on Signs BOE Won’t Fight Market
Traders Boost UK Rate-Cut Bets on Signs BOE Won’t Fight Market
Traders moved to price in further interest rate cuts by the Bank of England next year, after a
1970-01-01 08:00
Russia’s Fiscal Gap Shrinks Again Despite Growing Cost of War
Russia’s Fiscal Gap Shrinks Again Despite Growing Cost of War
Russia’s budget deficit, aided by an increase in oil and gas revenue, shrank for the third straight month
1970-01-01 08:00
EU fine-tunes plan to launch Galileo satellites on SpaceX
EU fine-tunes plan to launch Galileo satellites on SpaceX
(Reuters) -The European Union has struck a tentative deal to launch four Galileo navigation satellites using Falcon 9 rockets of
1970-01-01 08:00
Portugal PM Quits After Chief of Staff Held in Corruption Probe
Portugal PM Quits After Chief of Staff Held in Corruption Probe
Portuguese Prime Minister Antonio Costa resigned after his chief of staff was detained as part of an investigation
1970-01-01 08:00
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