UK/Echa ‘cooperation’ included in draft Brexit political declaration

A commitment for Britain and the EU to explore the possibility of “cooperation” between UK authorities and Echa has been included in the draft Brexit political declaration. Agreed in principle on 22 November, the declaration sets out the framework for a future relationship between the two sides and will guide negotiations following the UK’s departure.…

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Covestro cuts earnings guidance on low Rhine water levels, intense competition

Covestro has cut its full-year earnings forecast, citing low water levels on the Rhine River in Germany, “stronger-than-expected competition” in the company’s markets, and increased costs. Covestro now expects 2018 EBITDA to be slightly below the €3.44 billion ($3.92 billion) achieved in 2017. The company had previously anticipated an increase in 2018 EBITDA. The low…

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