Europe Business

African unicorn Jumia looks to services, platforms to halt slide

14h00 E-commerce unicorn Jumia Technologies, which last year became Africa's first tech firm to list in New York, will focus on proving it can turn a profit after a bruising 2019, one of its co-founders told Reuters.  Full story

Fiat Chrysler CEO hopes to seal Peugeot merger by early 2021

16h33 Fiat Chrysler's chief executive Michael Manley said on Wednesday merger talks with Peugeot owner PSA to create the world's No. 4 carmaker are progressing well and he hopes to have a deal sealed within 12-14. . .  Full story

Belgian regulator opens insider trading probe into Belgian biotech CEO

16h11 Belgium's financial services and markets authority (FSMA) said on Wednesday it had opened an investigation into suspected insider trading against the chief executive of Mithra Pharmaceuticals.. . .  Full story

Hong Kong's Lam says city vigilant over coronavirus

15h48 Hong Kong leader Carrie Lam said on Wednesday that the government had been very vigilant over the coronavirus, adding that the rapid flow of people across the border made the city highly vulnerable to. . .  Full story

FACTBOX-WHO expert panel to decide whether new virus an emergency

15h37 A World Health Organisation panel of experts on the new coronavirus met on Wednesday to evaluate whether the outbreak, which has spread from China to several countries, constitutes an international emergency.. . .  Full story

Acciona bids for project to widen railway link to Slovenia’s deepwater port

15h34 Spanish renewables and infrastructure firm Acciona has launched a joint bid for a hotly contested 1.2 billion euro ($1.33 billion) project to widen a key Slovenian railway link to its only deepwater port, a company. . .  Full story

Gold holds steady on central bank policy expectations

15h30 Gold prices were little changed on Wednesday as technical support on expected dovish monetary policy from central banks offset revived appetite for riskier assets and an upbeat dollar.. . .  Full story

Copper touches two-week low as virus death toll rises in China

15h27 Copper prices fell to a two-week low on Wednesday as the rising death toll from the Wuhan virus outbreak deepened concerns over potential damage to economic growth and metals demand.. . .  Full story

Oil falls as surplus forecast overshadows Libya disruption

15h26 Oil prices fell on Wednesday as a market surplus forecast by the International Energy Agency (IEA) outweighed concern over disruptions to Libya's crude output.. . .  Full story

Germany says swine fever case found just 12 km from its border

15h22 A case of the pig disease African swine fever (ASF) has been discovered in a wild boar in Poland just 12 kilometres (7.4 miles) from the German border, Germany’s agriculture ministry said on Wednesday.. . .  Full story

Airbus hits record highs, 737 MAX buyers fall on latest Boeing news

15h18 Airbus' shares hit record highs on Wednesday, after U.S. arch rival Boeing warned of further delay in returning its grounded 737 MAX airliner to service, while Boeing customers and suppliers fell on the news.. . .  Full story

Daimler profits halve on diesel and restructuring charges

15h08 Daimler warned its earnings halved in 2019 and it faced further charges of up to 1.5 billion euros ($1.7 billion)related to diesel pollution, in the latest blow to the German luxury carmaker.. . .  Full story

Eurazeo hires banks for $2.2 bln sale of payments firm Planet -sources

14h51 European buyout fund Eurazeo has hired Citigroup and Evercore to prepare the sale of its payments business Planet in a deal that could value the Irish firm at up to 2 billion euros ($2.22 billion),. . .  Full story

Key facts about Wuhan, epicentre of China's virus outbreak

14h47 Here are key facts about China's central city of Wuhan, home to more than 11 million people, which has emerged as the epicentre of a new virus outbreak that has infected 440 people and. . .  Full story

UK factories' optimism highest since 2014 but activity weak - CBI

14h44 Optimism in British factories hit its highest in almost six years in the three months to January, according to a survey that added to signs of a post-election boost, prompting investors to trim bets. . .  Full story

-Italy seizes 9.5 tonnes of Chinese pork to prevent African swine fever contagion

14h37 Italy's tax police seized and destroyed 9.5 tonnes of pork from China which was banned by the Health Ministry after African swine fever broke out in the Asian country, police in the northeastern city. . .  Full story

Sainsbury's turns to retail boss as CEO checks out

14h13 Sainsbury's has picked retail and operations director Simon Roberts to succeed CEO Mike Coupe, the architect of the British supermarket group's failed bid for rival Asda who will step down in May after six. . .  Full story

China companies issue staff with masks, travel warnings as virus outbreak fears grow

14h06 Companies across China are handing out masks and warning staff to avoid the central city of Wuhan amid fears that the new flu-like coronavirus will rapidly spread with much of population embarking on travel for. . .  Full story

Developments in online-only bank licensing in Asia

14h05 Financial regulators across Asia are creating new rules for online-only banks as they seek to shake up often staid markets, helped by technology companies, which can operate at lower costs without needing physical branches.. . .  Full story

UK investors reduce bets on BoE rate cut after CBI data

14h04 Financial markets saw a lower chance on Wednesday that the Bank of England will cut interest rates next week, after the Confederation of British Industry reported a pick-up in manufacturers' sentiment.. . .  Full story

BP's Looney goes all-in on climate goals and explores overhaul

14h00 Change is afoot at BP. Incoming Chief Executive Bernard Looney plans to expand the company's climate targets and is considering overhauling the structure of the oil and gas major in one of the biggest. . .  Full story

Insurers look to curb ransomware exposure as U.S. cyber rates rise

14h00 U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said.. . .  Full story

Hungarian banks renew call for tax easing as instant payment launch nears

13h51 Hungarian banks say they have spent up to $133 million on a new instant-payments system and won't pass on the cost to customers, but are seeking to recoup part of it by asking the. . .  Full story

Trump threatens big tariffs on car imports from EU if no trade deal struck-CNBC

13h45 U.S. President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn't agree to a trade deal.. . .  Full story

Tax avoidance, evasion costs EU 170 billion euros a year, says Poland

13h34 European Union member states lose 170 billion euros ($188.38 billion) a year due to tax avoidance and evasion, a Polish state think-tank said in a report due to be discussed later on Wednesday at. . .  Full story

Burberry weathers Hong Kong slump by selling more in mainland China

13h34 Luxury fashion label Burberry upgraded its full-year sales forecast on Wednesday as demand for Riccardo Tisci's new collections in Europe and mainland China offset a slump in Hong Kong.. . .  Full story

Asset manager CQS says chief executive Rolet to step down

13h21 London-based asset manager CQS, founded by billionaire investor Michael Hintze, said on Wednesday that Xavier Rolet is to step down as chief executive in February and take up a position as strategic adviser.. . .  Full story

As Britain decides, Europe grapples with Huawei conundrum

13h07 Britain's impending decision on whether to allow Huawei to supply equipment for 5G mobile networks comes at a delicate time, with debate raging in European capitals over the security implications of reliance on Chinese technology.. . .  Full story

OTP in talks to buy Garanti BBVA's Romanian unit - media

13h07 Hungary's OTP Bank is in talks to buy Garanti BBVA's Romanian unit, Romanian online financial news outlet said, citing banking market sources.. . .  Full story

U.S. election no hard deadline for next China trade talks - Mnuchin

13h07 The United States has no hard deadline to conclude the next phase of trade talks with China, but tariffs would not be cut until the next round, Treasury Secretary Steven Mnuchin said.. . .  Full story

Italy bond yields rise on report 5-Star leader quitting, but selloff contained

13h01 Italy's bond yields rose on Wednesday, widening the gap over safer German peers, on reports that Luigi Di Maio will step down as the 5-Star movement's leader, but sentiment stabilised as an imminent collapse. . .  Full story

EU banking watchdog proposes `less prescriptive' stress test

13h00 Stress testing of banks in the European Union to check their ability to withstand market shocks without taxpayer help should be eased to cut bank costs, the EU's banking regulator proposed on Wednesday.. . .  Full story

Canadian prosecutor set to defend U.S. request to extradite Huawei CFO Meng

13h00 Canadian prosecutors are expected to defend on Wednesday their case to extradite Huawei Chief Financial Officer Meng Wanzhou to the United States saying Meng was arrested on charges of bank fraud, which is a. . .  Full story

Mnuchin flags 'arbitrary' retaliation for UK digital tax

12h12 The United States would consider "arbitrary" taxes on British car firms if the UK government imposed a digital tax on big U.S. technology firms, Treasury Secretary Steven Mnuchin said.. . .  Full story

Women lose ground in German finance supervisory boards

12h00 Women's representation on supervisory boards in Germany's finance sector slipped in 2019, lagging other industries in gender balance, according to a study on Wednesday.. . .  Full story

Polish industrial output misses estimates as mining weighs

11h51 Polish industrial output grew more slowly than expected in December, hampered by lower mining production as warmer weather reduced demand for coal and salt.. . .  Full story

Berkeley's bumper 1 bln pound payout gives UK housebuilders a lift

11h40 Housebuilder Berkeley plans to more than double investor returns to 1 billion pounds ($1.3 billion) over the next two years while ramping up output, signalling increased confidence in the UK market and lifting its shares. . .  Full story

European shares rise on China's response to virus; German stocks hit record

11h39 European shares rose on Wednesday, boosted by a clutch of positive earnings updates and China's effort to contain a virus outbreak, with trade-sensitive German shares hitting record levels for the first time in two. . .  Full story

Housebuilders lead FTSE 100 bounce as China virus fears ease

11h31 London's FTSE 100 rebounded from its worst day in two weeks on Wednesday, as housebuilders gained after Berkeley increased planned shareholder returns and promised to ramp up deliveries, and worries over the spread of. . .  Full story

New blow for Ted Baker as accounting scandal doubles in size

11h16 An accounting scandal at Ted Baker is more than twice as big as initially estimated, the British fashion retailer said on Wednesday, adding to a stream of bad news over the past year and. . .  Full story

French fund HLD Europe in talks to buy control of Exxelia

11h13 French investment fund HLD Europe has entered into exclusive negotiations with London-based IK Investment Partners to buy a majority stake in Exxelia, a manufacturer of components in the space and defence industries, the companies said. . .  Full story

Alstom shares rise on report of potential rail deal with Bombardier

11h05 Shares in French train manufacturer maker Alstom jumped 2% on Wednesday, hitting their highest in almost two years, after a report of a potential approach by its Canadian peer Bombardier to combine the firm's rail. . .  Full story

Asian gasoil margins at lowest since mid-2017, new fuel rules yet to bite

11h02 Steady supply and a lack of buying interest have pushed Asian refining margins for gasoil to their lowest in more than 2-1/2 years, and an expected demand boost following a switch to cleaner. . .  Full story

Total appoints Alexis Vovk as head of marketing and services

10h40 French energy major Total has appointed Alexis Vovk as president of the group's marketing and services business segment and member of its executive committee, replacing Momar Nguer who has reached the firm's age limit,. . .  Full story

Tencent bids $148 mln for online games maker Funcom

10h32 China's Tencent Holdings launched a 1.33 billion Norwegian crown ($148 million) bid for computer games maker Funcom on Wednesday, sending the Oslo-listed firm's shares sharply higher.. . .  Full story

Hong Kong on high alert to tackle coronavirus outbreak

10h14 Hong Kong's government is on high alert to deal with a new flu-like coronavirus that has killed nine people in mainland China, the city's commerce secretary, Edward Yau, said on Wednesday.. . .  Full story

Ivory Coast asks World Bank for help eliminating illegal cocoa output

10h04 Ivory Coast has asked the World Bank for help in eliminating illegal cocoa output from protected forests and resettling people farming there, as it steps up efforts to both end deforestation. . .  Full story

Antofagasta quarterly output hit by Chile protests, labour strike

09h47 Chilean miner Antofagasta Plc on Wednesday reported a 5.8% drop in fourth-quarter copper production, plagued by supply and transportation disruptions because of civil unrest in Chile that started in October last year.. . .  Full story

Angola to kick off Sonangol IPO before 2022 - minister Azevedo

09h44 Angola will kick off the process to list 30% of oil company Sonangol in the next two years though not before the state-owned firm has been overhauled, the country's minister of. . .  Full story

Australia's FAR inks marketing deal with Glencore for Senegal's Sangomar project

09h22 FAR Ltd said on Wednesday it signed a binding agreement with Glencore Plc to market the Australian company's share of crude oil from the $4.2 billion Sangomar project in Senegal.. . .  Full story

ABB CEO more positive on global economy than six months ago

09h11 ABB Chief Executive Peter Voser said the Swiss engineering company was more positive about the global economy than it was six months ago, adding it was seeing a recovery in some areas like automotive.. . .  Full story

Germany's Kaufland surprises with no-expansion plans for Australia

08h43 German supermarket chain Kaufland has cancelled its plans to expand to Australia and will concentrate on its European core markets instead, local media reported, surprising analysts and sending shares of local peers sharply higher.. . .  Full story

Barry Callebaut sales rise, outperforms flat chocolate market

08h39 Barry Callebaut said on Wednesday it had outperformed the global chocolate industry after its sales volume rose 8.2% in the three months ended Nov. 30, helped by favourable comparables and its recently acquired Russian company. . .  Full story

Insurer Gjensidige's Q4 beats forecast, sets extra dividend

08h32 Norwegian insurer Gjensidige posted better than expected fourth-quarter earnings on Wednesday amid strong return on investments, and set an extra dividend on top of its normal payout to shareholders.. . .  Full story

Philippines raises $1.3 bln from euro bond issue, including 1st ever zero-coupon deal

03h52 The Philippines raised 1.2 billion euros ($1.33 billion) from the capital market by selling its first ever zero coupon three-year euro-denominated bond and securing the lowest coupon ever for a nine-year deal, its finance secretary. . .  Full story

COLUMN-Plunging U.S. gas prices intensify squeeze on coal: Kemp

03h00 U.S. coal-fired power plants are facing the perfect storm, with a mild winter and slumping natural gas prices adding to their long-term problems with competitiveness and pushing more towards retirement.. . .  Full story

COLUMN-Global output drop fails to disperse aluminium gloom: Andy Home

03h00 Global aluminium production fell by 1.0% last year in its first annual contraction since the Global Financial Crisis in 2009.. . .  Full story

Last decade most expensive for natural disasters-report

02h00 The last decade was the worst on record for economic losses from natural disasters, amounting to $3 trillion - over a trillion more than the previous decade, insurance broker Aon said on Wednesday.. . .  Full story

Spain's Sabadell sells asset management unit to Amundi for 430 mln euros

21/01 Spain's Banco de Sabadell has agreed to sell its asset management arm to French asset manager Amundi SA for 430 million euros ($477 million), the companies said on Tuesday.. . .  Full story

Huawei CFO's lawyers argue U.S. extradition case does not pass Canadian law

21/01 Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver court on Tuesday, where her lawyers argued for a second straight day that the U.S. extradition request against Meng is founded in sanctions violation.. . .  Full story

Gold falls 1% after hitting two-week high but stays above $1,550

21/01 Gold shed 1% on Tuesday in volatile trade as investors booked profits after prices hit a two-week high early in the session, although losses were limited by a slide in equities due to worries. . .  Full story

How a virus impacts the economy and markets

21/01 The outbreak of a new virus in China has sent shivers through world financial markets, with investors drawing comparisons to the 2003 SARS (Severe Acute Respiratory Syndrome) outbreak in order to assess its potential. . .  Full story

Slovenia's NLB asks top court to rule on "too radical" loan curbs

21/01 Slovenia's largest bank, NLB , on Tuesday asked the Constitutional Court to rule on whether restrictions on consumer loans, imposed by the Bank of Slovenia in November, were in line with the constitution.. . .  Full story

Oil market shrugs off Libya crisis amid ample global supply

21/01 Oil prices fell on Tuesday on expectations that a well-supplied global market, including supplies from growing record U.S. production, would be able to absorb disruptions that have cut Libya's crude production to a trickle.. . .  Full story

Angola pleads for help to claw back assets lost to corruption

21/01 Angola is seeking other countries' help to recover state funds lost because of corruption, Minister of State for Economic Coordination Manuel Jose Nunes Junior said on Tuesday.. . .  Full story

French workers turn to sabotage as transport strike flags

21/01 French energy workers protesting against President Emmanuel Macron's pension reform plans cut power to Paris' wholesale food market on Tuesday in the latest of a series of sabotage and wildcat actions as a weeks-long transport. . .  Full story

Merkel ally sees growing German support for tough Huawei stance

21/01 There is a groundswell of support among lawmakers in Chancellor Angela Merkel's conservative bloc to require firms that roll out Germany's 5G network to be free of political influence in their home country, a. . .  Full story

Kazakhstan cuts oil exports to China after contamination detected - trade

21/01 Kazakhstan reduced oil supplies via the Atasu-Alashankou pipeline to China on Tuesday after tests carried at the end of the last week showed a high content of organic chloride, three trade sources familiar with. . .  Full story

African fintech Flutterwave gets $35 mln, partners with WorldPay

21/01 Africa-focused fintech firm Flutterwave on Tuesday announced a $35 million fundraising round and partnerships with WorldPay and Visa as it targets expansion in northern and Francophone Africa.. . .  Full story

German government bond yield bounces back from two-week lows

21/01 A better-than-expected investor sentiment reading reversed a slide in Germany's 10-year government bond yield on Tuesday, after a virus outbreak in China had put investors in a risk-off mood.. . .  Full story

French grain industry warns of severe impact of ongoing strikes

21/01 French grain industry players warned of a severe impact on the cereal sector if ongoing strikes over pension reform that have disrupted the country's rail services and port activities since last month were to. . .  Full story

Novak stays on as Russian energy minister after government shake-up

21/01 Alexander Novak has retained his post as Russian Energy Minister after a government reshuffle, the Kremlin said on Tuesday, following days of uncertainty over who would lead Moscow's global energy diplomacy.. . .  Full story

FTSE has worst day in two weeks on China virus, weak oil

21/01 London's FTSE 100 suffered its worst day in two weeks on Tuesday as the spread of a new coronavirus in China curbed risk appetite and oil prices fell sharply, while jobs data eased some. . .  Full story

European shares fall on China virus fears, German morale offers soft landing

21/01 European shares dipped on Tuesday amid concerns over a new coronavirus outbreak originating in China, although positive news on business morale and easing cross-Atlantic trade tensions saw markets ending off session lows.. . .  Full story

German prosecutors probe Mitsubishi for suspected illegal defeat devices

21/01 Japanese carmaker Mitsubishi is being probed by German prosecutors for suspected use of illegal defeat devices installed in its diesel engines, the Frankfurt prosecutor's office said on Tuesday.. . .  Full story

Copper hits two-week low on China virus and inventory jump

21/01 Copper prices slumped on Tuesday as investors liquidated recent bullish positions over fears that a new strain of coronavirus in China could hit economic growth in the world's top metals consumer.. . .  Full story

Offshore wind giant Orsted favours small deals over big M&A - CEO

21/01 Denmark's Orsted, the world's largest operator of offshore wind parks, plans to steer clear of super-sized takeovers, its chief executive said on Tuesday, preferring small deals to keep the group among the biggest renewable players.. . .  Full story

Lam launches Hong Kong charm drive as protests persist

21/01 Hong Kong leader Carrie Lam sought on Tuesday to convince global business and political leaders at the World Economic Forum in Davos that the Asian financial hub is open for business.. . .  Full story

Britain's Sainsbury's to cut hundreds of management jobs

21/01 Britain's Sainsbury's plans to cut hundreds of management jobs as it seeks to bring its main supermarket operation and its Argos general merchandise arm closer together, it said on Tuesday.. . .  Full story

Hong Kong leader Lam says "very disappointed" by Moody's downgrade

21/01 Hong Kong Chief Executive Carrie Lam said on Tuesday she was "very disappointed" by ratings agency Moody's decision to downgrade the city's credit rating by one notch this week.. . .  Full story

Shareholder in Russia's Alrosa proposes selling up to $1 bln of diamonds to Gokhran - Ifax

21/01 The government of Russia's Yakutia region, a major shareholder in diamond producer Alrosa , has proposed that precious metals and gems repository Gokhran buy $0.5-$1 billion of the firm's rough diamonds this year, Interfax news. . .  Full story

China virus scare sends shudder through European luxury goods sector

21/01 European luxury stocks slumped across the board on Tuesday on fears that the coronavirus virus outbreak in China could hurt sales of high-end brands that had managed to weather months of protests in Hong. . .  Full story

UK Treasury asks banks for ideas to boost 'left-behind' Northern towns

21/01 Britain's finance ministry has canvassed banks for ideas to boost the country's "left-behind" northern towns and cities, weeks after the governing Conservatives won an election promising to boost the regions outside London.. . .  Full story

Nigeria's Lekoil reaches deal to keep oilfield after loan fraud

21/01 Nigerian oil firm Lekoil has reached a deferred payment deal to keep ownership of an oilfield, the company said in a statement on Tuesday, after it discovered the loan it wanted to use for. . .  Full story

Dixons Carphone gets wrong number in Christmas trading update

21/01 Britain's Dixons Carphone had to re-issue its Christmas trading statement on Tuesday after reporting an incorrect sales figure due to "a clerical error", taking the shine off what had been a well received update.. . .  Full story

Ivory Coast gold output up 35% in 2019 after new mine starts

21/01 Ivory Coast produced a record 32.478 tonnes of gold in 2019, up 35% from 24.06 tonnes in 2018, data from the mine and geology ministry seen by Reuters showed on Tuesday.. . .  Full story

UK watchdog begins two-year crackdown on financial advisers

21/01 Britain's markets watchdog told financial advisers on Tuesday they face a two-year crackdown to stop unsuitable advice, investment scams and excessive fees.. . .  Full story

Global output drop fails to disperse aluminium gloom: Andy Home

21/01 Global aluminium production fell by 1.0% last year in its first annual contraction since the Global Financial Crisis in 2009.. . .  Full story

EU lending arm EIB set to keep tight Turkey restrictions in place

21/01 The European Union's lending arm, the European Investment Bank, expects to keep its lending heavily restricted in Turkey this year, as an EU row with Ankara over oil and gas drilling off Cyprus rumbles. . .  Full story

Cordiant Capital aims to raise $350 million for telecoms fund, expands team

21/01 Asset manager Cordiant Capital is looking to raise around $350 million for a telecoms infrastructure equity fund and has hired two veteran dealmakers as it looks to benefit from strong growth in mobile data. . .  Full story

Air France-KLM proposes buying 49% of Malaysia Airlines, JAL seeks smaller stake -sources

21/01 Proposals to invest in ailing Malaysia Airlines include one from Air France-KLM, which wants as much as 49%, while Japan Airlines is looking at a 25% stake, people with knowledge of the matter said.. . .  Full story

BP, Angola agree deal to explore oil offshore

21/01 BP signed an agreement with Angola aimed at acquiring oil further exploration rights, state news agency Angop reported, the latest in a flurry of agreements between oil majors and Africa's second. . .  Full story

Aviva says Chairman Montague to retire in 2020

21/01 Insurer Aviva Plc said on Tuesday Chairman Adrian Montague will retire in 2020, months after the insurer's decision to reorganise into five divisions and sell its stake in its Hong Kong business failed to. . .  Full story

Plunging U.S. gas prices intensify squeeze on coal: Kemp

21/01 U.S. coal-fired power plants are facing the perfect storm, with a mild winter and slumping natural gas prices adding to their long-term problems with competitiveness and pushing more towards retirement.. . .  Full story

Air France-KLM says not involved in Malaysia Airlines sale talks

21/01 Air France-KLM said on Tuesday it had previously held talks with the owners of Malaysia Airlines but was not engaged in current efforts to find new investors for the carrier.. . .  Full story

Russia's Mechel keeps options open on Elga coal mine stake

21/01 Russian steel and coal producer Mechel said it did not take up an option to buy back a stake in its Elga coal mine by a deadline on Monday as it had received an. . .  Full story

Germany to force closures of hard coal power plants by 2027 - draft

21/01 Germany will force the closure of power plants fired by hard coal starting in 2027 if utilities do not take up compensation tenders, a draft law seen by Reuters showed on Tuesday.. . .  Full story

BP pulls out of Iraq's Kirkuk field as expansion plans stall

21/01 BP has pulled out of Iraq's giant Kirkuk oilfield after its $100 million exploration contract expired with no agreement on the field's expansion, dealing a fresh blow to Iraq's hopes to increase its oil output,. . .  Full story

Trade truce lifts German investor morale to highest since 2015

21/01 A truce in the U.S.-China trade dispute has left German investors at their most optimistic since mid-2015, a leading survey showed, but its compiler cautioned that the growth outlook for Europe's dominant economy remains subdued.. . .  Full story

German energy shift will be like 'open-heart surgery' - economy minister

21/01 Germany's transition to a fossil-fuel free energy mix will be like undergoing "open-heart surgery" as the car, steel and renewable industries will need to work hard to stay competitive, its economy minister said on Tuesday.. . .  Full story

UK's CityFibre buys TalkTalk's York fibre network for 200 mln stg

21/01 Britain's TalkTalk has agreed to sell its fibre-to-the-premises (FTPP) network, which has rolled out ultra-fast broadband connections in the northern city of York, to Goldman Sachs-backed CityFibre for 200 million pounds ($260 million).. . .  Full story

Yara says unit CEO quits, unit's IPO still under consideration

21/01 Norwegian fertiliser maker Yara said on Tuesday the chief executive of its non-fertiliser business had resigned, but said plans to list the unit remained under consideration.. . .  Full story

Germany and Poland discuss new action to prevent swine fever

21/01 Germany and Poland are discussing new action to prevent the spread of the pig disease African swine fever (ASF) in wild boars in Poland close to the German border including border fences and increased. . .  Full story

Huawei CFO's legal team to contest U.S. extradition in day 2 of Canada hearing

21/01 Huawei Chief Financial Officer Meng Wanzhou is set to return to a Vancouver court on Tuesday, where her lawyers will build on their arguments against the U.S. extradition request that they say is. . .  Full story