. By Gwladys Fouche, Reuters Uncertainty over British plans to change renewable energy regulation could halt investments in offshore wind power for up to three years, Norwegian energy company Statoil said. Statoil is part of a consortium that is building Sheringham Shoal, a 315-megawatt (MW) wind farm off the coast of eastern England and is
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. Greek lender Attica Bank does not favour becoming part of a big state-controlled banking pillar and wants to stay independent and grow through buyouts, its chairman said on Tuesday. The government and the central bank have prompted Greek lenders to rethink strategy and form stronger groups to cope with the debt crisis, fanning speculation
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. Britain's new opposition leader said on Tuesday economic policy should focus on growth, not just cutting the budget deficit, and he would not support irresponsible strikes against planned spending cuts. Labour Party leader Ed Miliband, 40, set out in his first speech to the party's annual conference to tackle concerns that he would be
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The U.S. economy is "moving upwards" despite setbacks, including the European crisis that slowed global growth and a buildup of inventories at home, White House economic adviser Larry Summers said on Tuesday. Summers, speaking at a conference on the U.S. workforce, said the economy was "not fulfilling the promise" that it had shown in the
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Sales of petroleum products in August 2010 recorded a decrease of 7.5% compared with the previous month, according to the latest figures from the Statistical Service, Cystat. Cystat said that a considerable decrease was noted in the sales of Asphalt, Gasoil low Sulphur, Gasoil and Light Fuel Oil, while an increase was recorded in the
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Britain has a key role to play in ensuring that there is a just and lasting solution in Cyprus, former UK Minister for Europe and Labour MP Chris Bryant has said. Bryant who was talking on the fringe of the Labour Conference on Sunday, in Manchester, expressed his hope that the UN will put renewed
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Japan's Nikkei average fell 1.1% on Tuesday, dropping as the deadline passed for investors to receive dividends on Tokyo stocks for the financial first half-year and as the yen held near its highest in almost two weeks. The benchmark Nikkei shed 107.38 points to 9,495.76, of which about 63 points was likely due to the
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European Union farm ministers failed on Monday to agree what steps should be taken to avoid a repeat of last year's dairy sector crisis, when farmers staged demonstrations and supply boycotts in protest at record low milk prices. At a meeting in Brussels, the ministers debated a report issued by an expert group in June,
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. The new leader of Britain's opposition Labour Party will signal a break with some of the party's policies on Tuesday, and distance himself from former Prime Minister Gordon Brown's stewardship of the economy. In his first speech as leader to Labour's annual conference in Manchester, the left-leaning Ed Miliband will implicitly criticise Brown and
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. By Tom Bergin, Reuters Bob Dudley faces a delicate task when he becomes chief executive of BP Plc on Friday: convincing investors BP will boost safety, while persuading government and the courts that its safety regime is as good as any in the industry. Tens of billions of dollars are at stake. BP has
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