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Banking and Finance

Energean Sells Assets in Egypt, Italy, and Croatia to Carlyle for Up to $945 Million

Greek energy company Energean has announced an agreement to sell its assets in Egypt, Italy, and Croatia to Carlyle International Energy Partners. The deal is valued between $820 million (€763 million) and $945 million (€880 million). Energean, listed on the London and Tel Aviv stock exchanges, highlighted that the sale...
Banking and Finance

EU Budget Deficit Rules Spark Renewed Tensions

The European Union has reignited financial oversight rules that were previously suspended during the novel coronavirus pandemic, leading to renewed tensions with high-spending member nations over budget deficits. The reactivation of these financial regulations subjects eight countries—Belgium, France, Hungary, Italy, Malta, Poland, and Slovakia—to the EU's Excessive Deficit Procedure, joining...
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