fuelprices
Shell said on Friday it would register an impairment charge of up to $2 billion, meaning it will downgrade the value of its assets. The write-down is linked to events at Shell's Singapore and Rotterdam plants, which have been sources of disappointment for the firm. On Tuesday, the fuel giant said it would be pausing construction at its biofuel site in Rotterdam, a Dutch port city, because of weak demand. As part of a push to finance more sustainable energy projects, Shell began constructing the plant in 2021. Initial forecasts expected the 820,000-ton-a-year site to become operational by 2025,...
Euronews (English)
Spain's CPI inflation rose at an annual rate of 3.6% in May, according to preliminary data released by the Instituto Nacional de Estadística (INE) on Thursday. This follows recent year-on-year rises of 3.2% in March and 3.3% in April. The annual rate of CPI had fallen by 0.6 percentage points between January and February this year, before it started to climb again. The harmonised inflation rate (HICP), which allows for comparison between European member states, came in at 3.8% in May. That's up from 3.4% in April and slightly higher than a forecast of 3.7% given by Bloomberg-surveyed economist...
Euronews (English)
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