Tech, commodity stocks help Europe’s STOXX 600 close higher for fourth-day

Europe’s STOXX 600 index closed higher on Tuesday, boosted by gains in technology and commodity stocks after softer-than-expected U.S. inflation data bolstered hopes of less-aggressive Federal Reserve interest rate hikes in the coming months. The continent-wide index (.STOXX) rose 0.4%, logging its fourth-straight session of gains and erasing intraday losses after softer-than-expected U.S. producer prices […]

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Shell, Chinese partner to drop off-shore wind farm project in France

Oil major Shell (SHEL.L) and state-owned Chinese energy company CGN on Tuesday said that they would drop their plan for a floating wind power project on France’s Brittany coast, citing inflation and supply chain problems among other reasons. “The project faced several technical, commercial and financial challenges, all in a context of constantly increasing costs […]

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