Category: Trucking News

No forced hard coal power plant closures before 2026 – German draft law

The German government will not force hard coal power plants to close over the next seven years, a draft law expected to be approved by the cabinet next week showed on Tuesday. The plan not to force hard coal plant closures before 2026 risks making Germany's coal exit more expensive as the government would have to give operators generous financial incentives to shut down facilities voluntarily. The new plan is a reversal for the government, which had stipulated in a previous blueprint that utilities would be forced to deactivate hard coal power plants by 2026 if not enough closures happen voluntarily....

Vodafone ups earnings guidance after it returns to growth in second quarter

Vodafone, the world's second largest mobile operator, increased its full-year earnings guidance, reflecting improving organic growth trends as difficult markets in Spain and Italy start to ease and it integrates its German cable acquisition. The company reported organic service revenue growth of 0.3% in the first half, as it returned to growth in the second quarter thanks to improvements in South Africa, Spain and Italy and a solid retail performance in Germany. Organic core earnings rose 1.4% in the half, and it said its growth rate would accelerate in the second half, enabling it to up its forecast for adjusted core earnings to 14.8-15.0 billion euros from its previous forecast of 13.8-14.2 billion euros....