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Wind industry’s success has become its biggest threat

  Bloomberg The head of one of the world’s biggest developers of renewable energy, Denmark’s Orsted A/S, worries that the energy transition could see a slowdown as rising competition and interest rates squeeze returns and upend the case for investment. Orsted is the world’s largest developer of offshore wind farms, which it helped pioneer from a niche technology into one ...

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US poised for Dutch, Japanese help on China chip crackdown

Bloomberg The Netherlands and Japan, home to key suppliers of semiconductor manufacturing equipment, are close to joining a Biden administration-led effort to restrict exports of the technology to China and hobble its push into the chips industry. The Dutch and Japanese export controls may be agreed to and finalized as soon as the end of January, according to people familiar ...

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Brits are renting out spare rooms to beat cost of living crisis

  Bloomberg The number of people searching for lodgers to stay in their spare rooms has spiked, as living costs in Britain remain stubbornly high. Homeowners advertising empty bedrooms for rent on the website SpareRoom spiked in January, hitting the highest levels since the summer of 2020 when pent-up demand was unleashed by loosening Covid restrictions. The company said that ...

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Holcim eyes deals drive to push beyond cement: CEO

  Bloomberg Holcim Ltd. Chief Executive Officer Jan Jenisch said he’s looking to continue an acquisition drive at the Swiss building material maker as he pivots away from traditional cement. Jenisch said in an interview this week that Holcim has “the strongest balance sheet ever, which opens up many opportunities for continued acquisitions and investments.” The CEO said the company ...

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BE Group makes takover approach for Ageas

  Bloomberg BE Group, an investment firm fronted by former bankers, has made a fresh attempt at a takeover of Belgium’s biggest insurer Ageas, people familiar with the matter said. The consortium recently approached Ageas and has been trying to secure financing for a potential deal, the people said, asking not to be identified discussing confidential information. Shares in Ageas ...

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Germany says tanks would go to Ukraine quickly after any deal

Bloomberg Germany’s new defense minister, Boris Pistorius, said his government hasn’t made a decision yet on supplying its Leopard battle tanks to Ukraine but that it could move quickly if an agreement can be reached with Nato allies. Speaking to reporters after talks at the US airbase in Ramstein, Germany, Friday, Pistorius said that defense ministers and military officials had ...

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US steps up pressure on Turkey to ratify Nato’s Nordic expansion

  Bloomberg The US signaled growing impatience with Turkey over its resistance to ratifying Nato’s expansion to Sweden and Finland. “The United States urges remaining allies to quickly ratify their accession,” State Department spokesperson Ned Price said in an account of a call between Secretary of State Antony Blinken and Finnish Foreign Minister Pekka Haavisto. He used similar language in ...

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