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Economy

Banks call for clarity on Britain’s investment path to net-zero economy

A sign directing towards electric vehicle charging points is seen in a car park in Manchester, Britain, September 8, 2023. REUTERS/Phil Noble/File Photo Acquire Licensing RightsUK Finance issues series of policy recommendationsFirst major position paper on net-zero transitionSays UK needs a stable policy environmentLONDON, Oct 20 (Reuters) - Britain needs to better track funds going into green investments to assess how much is needed from the private sector and should consider targeted tax changes to encourage sustainable projects, banking industry body UK Finance said.In its first major position paper on...
Banking

Exclusive: Hitachi set to win EU okay for $1.8 bln Thales deal, sources say

The logo of Hitachi is seen at an office building in Zurich, Switzerland September 10, 2020. Picture taken September 10, 2020. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsBRUSSELS, Oct 19 (Reuters) - Hitachi (6501.T) is set to win EU antitrust approval for its 1.7-billion-euro ($1.8 billion) acquisition of Thales' (TCFP.PA) GTS railway signalling business on the condition it sells assets in France and Germany, three people familiar with the matter said on Thursday.Hitachi submitted its offer to sell its mainline signalling business in France and Germany to the European Commission last...
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