
TotalEnergies Says It Can Replace Russian Gas With Growing LNG Supply
TotalEnergies SE sees abundant alternatives to Russian gas as the European Union proposes a ban on all deliveries from the country by the end of 2027. "The good news is that the LNG market will be well supplied from 2027, 2028 and 2029,' the company's Chief Executive Officer Patrick Pouyanne says at an energy conference in Tokyo. (Source: Bloomberg)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Blackstone-owned gambling company Cirsa plans IPO in Spain
MADRID (Reuters) -Blackstone's gaming company Cirsa said on Wednesday it planned to raise as much as 460 million euros ($529.46 million) in an initial public offering of shares on the Madrid stock exchange this year. The company intends to sell up to 400 million euros in newly issued shares and an additional 60 million euros in a secondary share sale, it said in a statement. Spain-based Cirsa plans to use to the proceeds to boost growth and repay debt, it said. The statement did not specify the size of the stake Cirsa intends to float or the valuation it is aiming for. The company operates casinos and gambling platforms in Spain, Latin America, Morocco and Italy and entered Portugal and Puerto Rico in 2024. Cirsa said its earnings before interest, taxes, depreciation and amortization were 699 million euros in 2024, out of net revenues of 2.15 billion euros. Morgan Stanley, Barclays and Deutsche Bank are acting as joint global coordinators on the offering. The initial public offering is the first in Madrid since Spanish clean energy and water utility Cox went public in November last year. ($1 = 0.8688 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20 minutes ago
- Yahoo
'Difficult' to weed lavender farm after Brexit
A lavender farmer said it had been "a bit touch and go" to weed crops in time for peak visitor season since new visa rules were introduced after Brexit. Lorna Maye, owner of Mayfield Lavender Farm in Banstead, Surrey, said finding workers had been tricky since the UK left the EU and sponsoring visas was expensive. People from the EU, except Irish citizens, have needed visas to work in the UK since the post-Brexit immigration system came into force in January 2021, and EU immigration has decreased since freedom of movement ended. The government said it was "exploring options to support the sector". Ms Maye said her farm, which was established in 2006 and is open to visitors, grew its lavender organically so relied on workers to manually weed its crops. "We weed 140,000 plants by hand so that it's beautifully manicured, so that people do want to visit a lavender farm," the farmer told BBC Radio Surrey. "Since Brexit, getting workers to come in has been quite difficult because of the visas that have been required now to bring people in." Ms Maye added that sponsoring visas was "hugely expensive" and there "aren't as many workers that want to come over". The application fee for a seasonal worker visa is £319. She said: "It's always a bit touch and go whether we manage to get everything weeded in time for the season starting." Prior to the 2024 general election, the government extended its seasonal worker visa scheme until 2029. "This will allow farmers to plan and grow their businesses with the confidence they will have the labour they need to harvest their great British produce," a spokesperson said. They added it "isn't a long-term solution" and "businesses will need to adapt". Follow BBC Surrey on Facebook, on X, and on Instagram. Send your story ideas to southeasttoday@ or WhatsApp us on 08081 002250. Five key impacts of Brexit five years on Lavender fields open a week early after dry spring Farmers able to bid for growth funding Mayfield Lavender Farm


Skift
20 minutes ago
- Skift
A Google Hotels Threat, JetBlue Cost Cutting and Dual-Brand Hotels
For today's episode we look at threats to Google Travel, more hotels with a dual identity, and JetBlue's money woes. Skift Daily Briefing Podcast Listen to the day's top travel stories in under four minutes every weekday. Listen to the day's top travel stories in under four minutes every weekday. Skift Travel Podcasts Good morning from Skift. It's Wednesday, June 18. Here's what you need to know about the business of travel today. Google Hotels may not be losing relevance in search results, but it's facing growing pressure from the likes of Expedia, Tripadvisor, and Trivago, writes Executive Editor Dennis Schaal. Bernstein said in a research note that the Google Hotels might be bruised, citing two developments that are putting pressure on it. The European Union's Digital Markets Act forced Google Hotels to a lower position on the Google search results page, and Google's AI Overviews are slowly becoming the answer to hotel searches. Bernstein added Expedia is making improvements on price and marketing while Tripadvisor and Trivago have benefitted from the market share losses of Google Hotels. Google Hotels has an 80% market share in Europe, down 6 percentage points from last year. Listen to This Podcast Apple Podcasts | Spotify | Youtube | RSS Next, hotel designers are increasingly pairing two brands in a single building, an approach that can provide a faster route to profitability, writes Hospitality Reporter Luke Martin. Martin notes dual-brand hotels allow developers to share expensive infrastructure and reduce upfront construction costs and long-term operational overhead. In addition to cutting costs, developers say the dual-brand model broadens market reach, enabling companies to tap into multiple guest segments without building separate properties. Marriott has more than 400 co-branded properties open while Hilton has more than 125 dual-brand properties globally and 100 in development. In addition, an executive at a dual-branded Mercure and Ibis in London said having one front-desk team for two brands creates a much more seamless experience for customers. Finally, JetBlue is looking to cut costs in response to soft demand, writes Airlines Reporter Meghna Maharishi. CEO Joanna Geraghty told staff in a memo seen by Skift that it was unlikely that JetBlue would break even this year, adding the airline is relying on borrowed cash to keep running. JetBlue's moves could include cutting underperforming routes and reducing off-peak flying. Maharishi adds the carrier is also reconsidering hiring plans and could combine some leadership roles. The airline industry has been grappling with declining consumer confidence, which has hit domestic travel demand particularly hard. Legacy carriers like Delta and United reported a profitable first quarter in part due to high demand for international and premium travel.