Another Europe News
Repsol profit eases YPF worries
http://www.euronews.com/ There was some good news for Spanish energy group Repsol as its quarterly profit came in better than expected.
That eased concerns about its ability to fund development projects after the Buenos Aires government seized its majority stake in its Argentinian subsidiary YPF.
Repsol’s 635 million euro profit was helped by high oil prices, the recovery of production in Libya and strong demand for liquefied natural gas in Asia.
Profit was down three percent on the 2011 period because of weak refining margins and lower sales of chemicals.
YPF accounted for half of Repsol group output and 21 percent of net profit, and its loss has led to fears the Spanish group might struggle to fund costly projects in Brazil, West Africa and elsewhere, and that it might have to cut its dividend.
However the latest figures show that for the last full period when it will contribute to Repsol’s performance, YPF was a drag on earnings.
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Another Europe News
Trump signs order to rename Lake Ontario ‘Lake America’ amid rising trade tensions with Canada
Trump signs order to rename Lake Ontario ‘Lake America’ amid rising trade tensions with Canada
Donald Trump has signed an executive order to rename Lake Ontario “Lake America” in the US, as his administration’s trade dispute with neighbouring Canada intensifies.
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Another Europe News
Fight for water: Dried-up lakes and mass fish deaths at one of Hungary’s largest fish farms
Fight for water: Dried-up lakes and mass fish deaths at one of Hungary’s largest fish farms
The fish farm’s manager blames upstream irrigation, but water authorities say water was shared according to the rules and none was witheld.
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At least 37 killed after Russian strike sparks major fire and explosions at a warehouse in Bucha
At least 37 killed after Russian strike sparks major fire and explosions at a warehouse in Bucha
Ukraine’s Prosecutor General’s Office said it had launched a pre-trial investigation into possible “negligence” surrounding storage conditions at the warehouse.
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Police apologise after Al-Fayed sex abuse complainants’ identity breach
Email addresses of 143 people who say they were abused by the now deceased Harrods owner were visible to other recipients due to a ‘human error’.
READ MORE : http://www.euronews.com/2026/08/16/uk-police-databreach-alfayed
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