Financial Times - May 8
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Headlines
Iberdrola receives 600 million pound loan from UK State Fund to upgrade grid
Orsted stops work on a huge UK wind farm due to rising costs
CEO of Pandora says that the company will shift its supply chain to reduce tariffs.
EU to impose tariffs on Boeing Jets as a retaliation
Tripledot, maker of 'Woodoku,' buys AppLovin mobile gaming business for $820 million
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The National Wealth Fund of Britain will lend £600 million ($800,76 million) to Scottish Power, owned by Iberdrola to fund upgrades to the power grid in the country.
Orsted announced on Wednesday that it will not build a large offshore wind farm in Britain. The company cited a declining global business climate for renewables, and said this was a blow to the UK's ambitions to reduce its carbon footprint.
Pandora, the jewellery company that makes affordable pieces of jewellery, has announced it will begin shifting parts of its chain to reassure investors who are worried it may be among the worst-hit by President Donald Trump’s trade war.
Brussels is planning to impose tariffs against Boeing aircraft in response to the failure of trade negotiations with Washington.
Tripledot Studios, a London-based developer of games, is buying AppLovin’s games division for $800,000,000. This deal will propel the maker of Woodoku and Solitaire.com to the top of the list of independent mobile game companies in the world.
(source: Reuters)
