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General view of signage at a branch of Lloyds bank, in London

UK's Lloyds Bank offers staff 2,000 pounds minimum pay rise

Britain's biggest domestic bank Lloyds has offered UK staff a minimum 2,000 pounds ($2,242) pay rise, a source with knowledge of the talks told Reuters, as lenders and employees across the sector begin annual pay talks that could see wage bills soar.
A general view of Northvolt facility in Skelleftea

Europe leans on Asia for 'homegrown' EV batteries

Europe's drive to build a homegrown electric vehicle battery industry is hitting roadblocks as investors shy away from giving startups sufficient funding to challenge the Asian companies that dominate the market.
The pressure is on for Europe to ensure it has sufficient supplies for the 2023-24 winter

Europe could face gas shortage next year: IEA

Europe must act immediately to prevent a shortage of natural gas next year as Russia slashes deliveries in the wake of the Ukraine war, the International Energy Agency warned Thursday.
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