Business

EU’s Ribera warns of increasing dependence on US LNG

EU’s Ribera warns of increasing dependence on US LNG

The European Union's competition chief warned on Wednesday that the region was becoming increasingly dependent on liquefied natural gas (LNG) imports from the United States and should look at how it can best harness local resources. "We are significantly increasing...

The $250 million ASML ‘printer’ behind Nvidia’s chips

The $250 million ASML ‘printer’ behind Nvidia’s chips

ASML has become Europe's most valuable company thanks to its dominance in making lithography systems, huge "chip printing" machines that cost $250 million each and are indispensable to firms driving the AI boom. Here is a closer look at the...

Spanish renewables company Ignis eyes IPO, Expansion reports

Spanish renewables company Ignis eyes IPO, Expansion reports

Spanish renewable energy company Ignis has hired Citigroup to prepare a potential initial public offering, newspaper Expansion reported on Wednesday, citing unidentified market sources. The process remains at an early stage, and several options are under review, including a conventional...

Why the euro’s rise to $1.20 is a big deal

Why the euro’s rise to $1.20 is a big deal

The euro has hit a new milestone against the dollar, highlighting the single currency's renewed push higher as sentiment towards the greenback sours. Here's a look at what's behind the euro's to just over $1.20, its highest level since 2021....