Thursday , 18 December 2025

Recent Posts

Factories fire up in Europe to pull economy back from abyss

Bloomberg Volkswagen AG is rebooting plants, Airbus SE is up and running and UK builders will soon be erecting homes again as Europe starts returning to work after coronavirus shutdowns plunged the region into its worst economic slump in living memory. Factory doors are reopening after nations from Denmark to Germany began easing restrictions on public life, with Italy, France …

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Oil slump may no longer be a curse for renewable energy

Bloomberg Low oil prices are usually a curse for green energy, but this time might be different. The collapse of the crude market has seen prices fall below zero for the first time in history. Yet Royal Dutch Shell outlined a bold programme to slash carbon emissions and invest in clean energy, while Eni said it’ll consider accelerating its ambitious …

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Eni reports 94% dip in profit, cuts output forecast

Bloomberg Eni SpA reported a 94% drop in first-quarter profit and cut its production forecast for the year as demand is crushed by the coronavirus pandemic. While the large decline in earnings reflects in part a high tax rate, it provides signals for the rest of the industry, with the worst impact of oil’s historic plunge likely in the coming …

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