FRANKFURT, July 8 Reuters A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least 70 billion euros 71.1 billion for the euro zone39;s largest banks, the European Central Bank said on Friday. The ECB said the estimate in its first climate stress test significantly understated […]

LONDON, July 8 Reuters British energy regulator Ofgem is proposing reforms to wholesale electricity markets to reduce Britain39;s reliance on gas imports and accelerate the transition to lowcarbon energy supply, it said on Friday. Last year, the government set out plans to increase offshore wind capacity to 50 gigawatts GW by 2030 and increase solar […]

MILAN, July 11 Reuters Italian bank lending to businesses rose in May compared to the previous month, data from the Bank of Italy showed on Monday. A monthly report on the balance sheets of domestic banks showed loans to nonfinancial companies increased by 2.3 yearonyear in May from a 1.8 rise in April. The data […]