Germany expects tough EU talks on energy taxes to counter climate change

Germany expects tough EU talks on energy taxes to counter climate change

The bloc’s rules on energy taxation have not changed for more than 15 years, however.Speaking at a panel discussion in Berlin, Deputy Finance Minister Joerg Kukies said recent talks in Helsinki about modernizing the tax rules had revealed deep divisions among EU member states.

Main IKEA retailer expects to exceed renewable energy goal by year's end

Main IKEA retailer expects to exceed renewable energy goal by year's end

STOCKHOLM (Reuters) - Ingka Group, which owns most IKEA stores, will by year’s end exceed its 2020 target to produce as much renewable energy as the energy it consumes, Ingka Chief Executive Jesper Brodin said on Thursday.FILE PHOTO: IKEA Group President & CEO Jesper Brodin attends the opening of the company's first store in the heart of Paris, France, May 6, 2019.

CO2 goals to complicate PSA, Renault labor talks

CO2 goals to complicate PSA, Renault labor talks

PA) and PSA Group (PEUP.PA) face a potential stand-off with French workers worried that an industry drive to meet EU emissions targets will fuel demands for concessions in upcoming labor negotiations.

Saudi Aramco sees full oil production from attacked sites by end September

Saudi Aramco sees full oil production from attacked sites by end September

A metal part of a damaged tank is seen at the damaged site of Saudi Aramco oil facility in Abqaiq, Saudi Arabia, September 20, 2019.Khalid Buraik, Saudi Aramco vice-president for southern area oil operations, said 15 towers and facilities had been hit at Abqaiq, but it would regain full output capacity by the end of September.

U.S. lifts tariffs on 400 Chinese products, Trump wants 'complete' trade deal

U.S. lifts tariffs on 400 Chinese products, Trump wants 'complete' trade deal

President Donald Trump said his administration was “making a lot of progress” with China on Friday, as deputy-level trade talks continued for a second day and Washington lifted tariffs on over 400 Chinese products.I’m not looking for a partial deal,” he said, adding that he did not need a deal to happen before the 2020 presidential election.

Fed September dot plot forecasts no further rate cuts, but members divided

Fed September dot plot forecasts no further rate cuts, but members divided

The Fed's September meeting follows its first rate cut since the financial crisis, a 25 basis point reduction in July.Though the Fed's forecast showed no further rate cuts, members of the Federal Open Market Committee were actually divided on what action the central bank should take moving forward.

Germany wants to cap next EU budget at 1%, seeks more funds for climate and migration

Germany wants to cap next EU budget at 1%, seeks more funds for climate and migration

Smoke and steam billows a coal-fired power plant near Belchatow, Poland November 28, 2018.“We will conduct the MFF (Multiannual Financial Framework or the long-term EU budget) negotiations on the basis of 1% of the EU27 GNI,” read the document, which Germany is presenting to its EU peers during ministerial talks in Brussels on Monday.

Enel pledges to cut greenhouse gas emissions by 70% to 2030

Enel pledges to cut greenhouse gas emissions by 70% to 2030

FILE PHOTO: ENEL CEO Francesco Starace looks on during the unveiling of the new electric bike that will compete in the MotoE World Cup Championship, in Rome, Italy February 6, 2018.MI) aims to cut its direct greenhouse gas emissions by 70% to 2030 as a step towards its 2050 full decarbonisation target.