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The UK is at risk of missing its decarbonization goals for the power grid by the decade"s end, according to Christopher Guerin, CEO of Nexans SA. He emphasizes the urgent need for the country to expedite the procurement of subsea power cables essential for offshore wind farms and interconnections with Europe.
Daimler Truck reports a $195 million impairment loss while Philip Morris plans to close two production sites in Germany. In North America, Reddit shares soar 25% post-results, while AMD and First Solar drop 7%. Schneider Electric reaffirms 2024 targets after strong Q3 sales, and UBS posts $1.4 billion in Q3 earnings.
Nexans S.A.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UK must accelerate power cable procurement to achieve decarbonization goals
13:45 19.11.2024
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