Dominant European companies such as Siemens Energy and Vestas are increasingly facing Chinese competition on the world market
Siemens
Siemens expects to lose money, Orsted is cutting job and, along with Vestas, scraps its dividend
Bill Gates has just invested in Airloom, a US business that promises quieter wind power generation closer to the ground
Iseq index finished the session up 1%, driven by growing optimism about the path for interest rates
Companies said they have launched a global collaboration for the deployment of multiday compressed air energy storage
Dublin’s Iseq index shed close 0.8% on Thursday
Event management group scrambles to limit damage as departing chief executive concedes comments on Israel-Hamas conflict had become ‘distraction’
Intel, Siemens and actor Gillian Anderson previously said they were withdrawing
Iseq index underperformed its peers, shedding 0.1%
Decision to halt wind farm project off UK coast points to wider issues
French firm Mistral could gain a competitive advantage over US firms through regulation that balances protection and innovation
US President Joe Biden looked set to continue talks with congressional leaders on raising the country’s debt limit later this week
Iseq index moves in line with European peers after 0.5% gain
The pound tumbled on UK Chancellor Jeremy Hunt’s austerity budget
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