Gazprom Cuts Gas Supply to Orsted and Shell Energy

June 1 Reuters Russian gas producer Gazprom has cut off gas supplies to Denmark39;s Orsted and to Shell Energy for its contract to supply gas to Germany, it said on Wednesday, citing the companies39; failure to make payments in roubles. Gazprom has already halted supplies to Dutch gas trader GasTerra, as well as to Bulgaria, Poland and Finland […]
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Volkswagens Race with Tesla will be Tight, Diess says

BERLIN, June 1 Reuters Tesla works at twice the industry pace in many processes but still needs to ramp up highly complex factories and find qualified workers to win the electric vehicle race, Volkswagen39;s chief executive said on Wednesday. The U.S. carmaker, posing a challenge to German electric vehicle production with its new plant near Berlin, had […]
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Indian Shares Drop for Second Day as IT, Pharma Stocks Drag

BENGALURU, June 1 Reuters Indian shares settled lower on Wednesday, dragged by pharma and technology stocks, while data showed that the country39;s economic growth slowed to the lowest in a year during the March quarter. After seesawing between gains and losses for most of the session, the NSE Nifty 50 index ended 0.37 lower at 16,522.75 […]
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