Europe

LIV Golf's Sergio Garcia has actually sent his application to return to the Europebased DP World Tour for the 2025 season, a relocation that breathes life into the Spaniard's hopes of completing in next year's Ryder Cup. A DP World Tour representative confirmed to Reuters on Monday that Garcia sent his application ahead of the Nov. 17 deadline and paid his fines but must serve his suspensions before he can play once again on the European circuit. The spokesman said the DP World Tour could not divulge information of the sanctions, however some reports said Garcia's fines totalled more than...

Russia's fullscale intrusion of Ukraine reaches its 1,000 th day on Tuesday, and the conflict has wrought considerable damage to the nation's large agriculture and steel sectors. Following are some realities about production, processing and export losses Ukraine has suffered as an effect of war. FARMING Before the Russian intrusion of Ukraine in 2022, Ukraine was the world's 6th largest producer of corn and 7th biggest manufacturer of wheat. It also represented more than 30% of worldwide sunflower seed production and dominated the worldwide sunoil market, according to USDA data. The sector represented 10% of Ukrainian GDP and 42% of...

World number three Rory McIlroy ended the season on a high by winning the DP World Tour Championship in Dubai on Sunday, 2 strokes ahead of Rasmus Hojgaard, to seal his sixth Race to Dubai title. The 35-year-old Northern Irishman carded a 69 in the final round at the Jumeirah Golf Estates to complete on 15 under par after 2 birdies in the last 3 holes saw off the obstacle of Denmark's Hojgaard. McIlroy equalled the six titles won by Seve Ballesteros in the European Tour's season-long Race to Dubai, previously called the Order of Benefit. Scotland's Colin Montgomerie holds...

Wartime Ukraine could reopen a first airport in its western Lviv area next year, as it tries to bring back air travel that has been suspended across the country considering that Russia's 2022 invasion, a senior partner at insurance coverage broker Marsh McLennan said. Moscow has actually routinely conducted missile and drone strikes on Ukraine throughout more than 2-1/2 years of fighting. Ukraine's. national flag carrier and several other business have gone. bankrupt due to the suspension of air travel. Kyiv has actually participated in discussions with European aviation. authorities and airlines on restoring some air travel for practically. a...

HHLA announced on Friday that a Swiss-based subsidiary of MSC has received all regulatory approvals to make a voluntary offer for a public takeover of the German Port Operator. Ukraine has granted merger control clearance to HHLA, which operates a terminal at Odessa's Black Sea port, following the European Commission's approval of the takeover beginning in October. HHLA announced that MSC, the world's largest container shipping company, will pay 16,75 euros ($17.72), per A-share to shareholders who tendered their shares during the voluntary public takeover. MSC made an offer to purchase almost half of Hamburg Port's main operator, with the...

Finnish engineering firm Cargotec Corp said on Thursday it would sell its freight handler business MacGregor to European private equity firm Triton in a. deal valued at 480 million euros ($ 506 million), consisting of financial obligation. The offer would be pursued to help its on-road load handling. service, Hiab, operate as a standalone company, Cargotec said,. including that its CEO Casimir Lindholm would step down and be. replaced by Hiab President Scott Phillips as a part of the. arrangement. Hiab would consequently be the only organization staying under. Cargotec as an outcome of the deal, which would likewise see...

Britain's air travel regulator said the nation's air traffic operator ought to review its contingency strategies and inform airlines of possible interruption previously, in its report on an air traffic meltdown in August 2023. The occurrence, brought on by an IT failure, affected 700,000 travelers in the peak holiday. The disturbance was condemned by the government, visitors and airline company managers, who said it would cost them over 100 million pounds ($ 127 million) in. refunds and compensation. The report makes clear once again that airlines and. travelers were severely let down by NATS due to its failure of. resilience...

Sources in the industry said that Berlin has refused to allow an LNG shipment from Russia to be delivered to the Brunsbuttel Terminal in northern Germany, in accordance with its policy of not importing LNG from Russia. The Financial Times reported on Thursday morning that Germany's Economy Ministry BMWK had ordered the Deutsche Energy Terminal to refuse any Russian LNG deliveries after the company had informed Berlin that it was planning to import a Russian cargo to its Brunsbuttel facility on Sunday. The order was unclear. LSEG data shows that three LNG tankers left the Yamal facility in Russia recently...

Britain's air travel regulator said the nation's air traffic operator should evaluate its contingency strategies and alert airline companies of possible disturbance earlier, in its report on an air traffic crisis in August 2023. The event, caused by an IT failure, impacted 700,000 travelers in the peak holiday. The disruption was condemned by the government, tourists and airline company employers, who stated it would cost them over 100 million pounds ($ 127 million) in. refunds and payment. The Civil Air Travel Authority (CAA) on Thursday made 34. recommendations in its last report, including more detailed. collaboration in between the air...

The following are the top stories in the Financial Times. Reuters has actually not confirmed these stories and does not vouch for their accuracy. Headings - Homebase falls into administration putting 2,000 jobs at danger - Canadian pension fund purchases UK airports operator for 1.5 billion pounds - Boohoo prompts financiers to reject Mike Ashley's demand to join its board - Brand names told to check 'aggressive' trademarks after UK court judgment versus Sky Overview. - Having a hard time do it yourself chain Homebase has.fallen into administration,. blaming a recession in home enhancements for a collapse that puts. 49...

Spanish building and construction giant Ferrovial has concurred with its partner Macquarie to offer the operator of three British airports for 900 million pounds ($ 1.15 billion) to AviAlliance UK, it stated on Wednesday. Ferrovial and Macquarie, which own 50% each in AGS Airport, the operator of Glasgow, Southampton and Aberdeen airports, have been thinking about the sale given that early this year, the construction company's CFO Ernesto Lopez said in May. Last year Ferrovial likewise chose to sell its stake in Britain's busiest airport, Heathrow. The brand-new offer sets a business worth for business of 1.54 billion pounds, after...

These are some of the most important stories in selected Canadian newspapers. These stories have not been verified and we cannot vouch for the accuracy of these stories. THE GLOBE AND MAIL Canadian Labour Minister Steven MacKinnon ordered the country's Labor Relations Board to end disputes at the ports in Vancouver and Montreal citing economic damage. Dye and Durham unveiled its proposed slate of directors in advance of its annual meeting. Four of the seven directors are newcomers. The Canadian Union of Postal Workers has said that the ongoing labour dispute between Canada Post and its employees is a result...

Russia's secondlargest oil manufacturer Lukoil shut operations at its catalytic cracker system (KK1) at the NORSI oil refinery from Nov. 13 for emergency situation repair, three industry sources said on Tuesday. Lukoil did not immediately respond to an ask for remark. Among the sources stated that the catalytic cracker was broken. He said it was unclear how long it would take to repair the system. Another source stated that the concern led to substantial decrease in fuel production on NORSI and Lukoil might have to make up for the missing out on volumes by buying the fuel in the Russian...

Austrian steelmaker Voestalpine stated on Monday its gas supply is safe and secure even if Russia's Gazprom stops shipments to Austria completely. Gazprom on Saturday halted supplies to Austrian energy company OMV after OMV won an arbitration case against Gazprom awarding it more than 230 million euros ($ 244 million). in damages and stated it would recuperate that money by not paying. Gazprom's invoices. Gazprom's deliveries to Austria via pipeline through Ukraine. and Slovakia have actually continued, nevertheless. Flows into Austria are. down by less than a 5th. We have actually gotten assurances from our suppliers that we will. receive...

RBC reported Monday that the Russian finance ministry had proposed increasing the tax on the profits of the state-owned oil pipeline company Transneft from 20% to 40%, citing government documents. The Finance Ministry did not respond immediately to a comment request. According to the existing law, Transneft's profit tax was scheduled to rise to 25% in 2019. RBC reported that Transneft’s net income for the period January-October, according to Russian accounting standards, almost halved at 97 billion Russian roubles (970 million dollars), and its total tax payments for this time period dropped by 59% on an annual basis to 18.1...

Blasts sounded out throughout Ukraine's capital Kyiv and other cities early on Sunday, as Russia staged its greatest rocket attack because August and targeted power facilities with the winter setting in, officials stated. Ukrainians have been bracing for a major attack on the hobbled power system for weeks, fearing debilitating damage to the grid that would trigger long blackouts and develop mental pressure at a critical moment in the war Russia introduced in February 2022. Another massive attack on the power system is under method. The opponent is assaulting electrical power generation and transmission centers throughout Ukraine, Ukrainian Energy Minister...

Austria's energy business OMV was informed by Gazprom that the Russian gas manufacturer would stop shipments of natural gas through Ukraine to OMV from 0500 GMT on Nov. 16 following OMV winning an arbitration case. Products of Russian gas to Europe by means of Ukraine might entirely stop from Jan. 1 2025 after the current fiveyear offer ends as Kyiv has actually refused to work out the brand-new terms of the transit with Moscow during the war. Here is what takes place if Russian gas transit through Ukraine is completely switched off and who will be impacted most. HOW BIG...

The company has said that the Russian gas supply to OMV, an Austrian oil and gas company, could be stopped before the end the year because of an arbitration case against Gazprom. Austria is still one of few European countries that are dependent on Russian Gas, as the rest of Europe has cut back imports after Moscow's invasion of Ukraine. OMV announced on Wednesday that it received an arbitration award of over 230 million euro ($243.06 millions) from the International Chamber of Commerce due to irregular supplies of gas to its German unit from Gazprom, which will end in September...

Slovakia's primary gas buyer SPP has signed a shortterm pilot contract to buy natural gas from Azerbaijan and will think about a longerterm deal as it prepares for a possible stop to Russian products via Ukraine, it stated on Wednesday. An offer in between Moscow and Kyiv on Russian gas exports through Ukraine to Europe ends at the end of the year, forcing SPP and others in the European Union to search for alternative sources, including Azerbaijan. Russia has stated it wants to continue to provide gas through Ukraine in spite of the war with its neighbour, while Kyiv has...

The Caspian Pipeline Consortium (CPC), which exports Kazakhstan's oil via the Black Sea, lowered oil materials in January October by around 1.2%. year on year to 1.378 million barrels per day, two market. sources said on Wednesday. In October alone, CPC exports declined to 4.632 million. metric tons from 4.682 million lots in September in the middle of. upkeep at the Kashagan oilfield, according to the sources. The consortium does not comment on its operational. activities. It prepares to boost CPC Blend oil exports in November. to 5.4 million heaps. CPC said in May it expected its oil exports to...

Blue Energy Motors, an Indian startup that makes liquefied natural gas (LNG) sustained. trucks, plans to raise $100 million by January to fund capability. expansion, its president said, showing a shift to. cleaner fuel alternatives. The business intends to triple its sales to 3,000 LNG-powered. trucks next financial year, which begins in April 2025, and will. quickly introduce its very first electric truck, CEO Anirudh Bhuwalka told. Reuters in an interview. We are raising $100 million to scale up business. This. funding will support the production of both electrical and LNG. trucks. Blue Energy, India's very first LNG truck producer,...

Ukrenergo, Ukraine's national grid operator, announced Wednesday that it had imposed limits on the supply of electricity to businesses due to "significantly lower" imports and lower production. The restrictions will only be in effect during the day. After the equipment has been fixed, restrictions will be lifted in the evening," Ukrenergo stated on Telegram. Last August, after an intense Russian missile and drone strike on businesses and homes, massive restrictions were placed on the supply of electricity. DTEK, Ukraine's largest power distributor and generator, said that restrictions would be applied to Kyiv and the Kyiv Region, Odesa and Dnipro, and...

UK energy regulator Ofgem on Tuesday approved five brand-new undersea energy links which it stated would further harness the large capacity of North Sea wind and assistance to power countless homes. The approved projects include the Tarchon Energy Interconnector with a capacity of 1.4 gigawatts (GW) connecting England and Germany, as well the 0.75 GW Mares Connect cable to the Republic of Ireland and LirlC, a 0.7 GW task to Northern Ireland. Based upon analysis by both Ofgem and the National Energy System Operator (NESO), Britian is expected to become an internet energy exporter by 2030 due to the growing...

Norway has actually reached a deal with seven private owners for a government takeover of much of the country's substantial gas pipeline network from 2024 onwards, the Norwegian energy ministry said on Tuesday. Norway in 2023 announced strategies to nationalise the majority of its vast gas pipeline network, a significant processing plant and other facilities when lots of existing concessions end in 2028, and had invited current owners to work out a shift. The federal government accepted pay the seven owners 18.1 billion crowns ($ 1.64 billion) for their properties. Norway is Europe's largest gas supplier following a. sharp fall...