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UK electricity grid set for 'unprecedented' £35 bn investment
UK electricity grid set for 'unprecedented' £35 bn investment
Business and Economy
by  AFP

National Grid unveiled Wednesday a massive plan to nearly double the transmission capacity of the UK's electricity grid, boosting the British government's net zero ambitions. The investment will upgrade the existing grid network and pay for new construction projects that will see electricity transmission capacity almost doubled.

Germany criticises UniCredit's 'unfriendly' moves on Commerzbank
Germany criticises UniCredit's 'unfriendly' moves on Commerzbank
Business and Economy
by  AFP

Italian bank UniCredit's move to increase its stake in German lender Commerzbank, which further fuelled speculation of a takeover bid, was "uncoordinated and unfriendly", the German government said Wednesday. UniCredit, Italy's second largest bank, said earlier Wednesday it had increased its stake in Commerzbank from 21 percent to around 28 percent.