LONDON (Reuters) -Britain will not make any changes to its Online Safety Act as part of trade negotiations with the United States, Culture Secretary Lisa Nandy said on Wednesday. “We’ve been really clear that we have to regulate the online space to make sure that it is a safe space, just as we would do …
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By Pratima Desai SANTIAGO (Reuters) – Aurubis will be ramping up its copper recycling smelter in the U.S. this year, the German company’s CEO Toralf Haag told Reuters on Wednesday, adding Aurubis sees more potential for investment in future years. Aurubus has invested $800 million building the project, which took four years. Haag said it …
Germany’s Aurubis to ramp up new US copper recycling facility Read More »
ROME (Reuters) – The Italian government opposes the CEO of STMicroelectronics, the economy minister said on Wednesday, as the Franco-Italian chipmaker faces a sustained downturn in its key automotive and industrial markets. “The behavior of the Italian shareholder will be one of criticism and opposition,” Economy Minister Giancarlo Giorgetti told reporters during a press conference …
By Valentina Za and Emilio Parodi ROME (Reuters) -Italy is seeking 1.2 billion euros ($1.3 billion) from fintech group ION following a probe by prosecutors in the northern city of Bologna into alleged tax evasion over the 2013-2023 period, two people with knowledge of the matter said. The investigation adds to a string of tax …
Exclusive-Italy targets ION in latest Big Tech tax evasion probe, sources say Read More »
PARIS (Reuters) -French Finance Minister Eric Lombard trimmed the government’s 2025 growth forecast on Wednesday as a global trade war escalates, but said that the government aimed to stick to its deficit reduction plans. The euro zone’s second-biggest economy is now expected to grow only 0.7% instead of the 0.9% it had based its 2025 …
By Tom Westbrook, Rae Wee and Dhara Ranasinghe (Reuters) -U.S. Treasury investors were left bruised on Wednesday despite a temporary pause in U.S. tariffs, as some funds were forced to sell bonds in a dash for cash while others called into question the bonds’ status as the world’s safest asset. Yields on 10-year Treasury notes, …
US bond rout leaves investors bruised despite Trump pause on tariffs Read More »
(Reuters) – German carmaker Volkswagen said on Wednesday its sales climbed 3% to 78 billion euros ($85.32 billion) in the first quarter, compared to 75.5 billion euros a year ago. ($1 = 0.9142 euros) (Reporting by Disha Mishra in Bengaluru; Editing by Alan Barona)
(Reuters) -Air France-KLM is slashing prices to maintain full economy cabins on its transatlantic flights as the airline faces weakening demand for international travel, the European carrier’s top boss told Bloomberg News on Wednesday. The company is noticing a “slight softness” in economy-class fares, while its premium cabins enjoy “relative stability,” the airline’s CEO, Ben …
Air France cuts economy fares to boost transatlantic travel, CEO tells Bloomberg News Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Danish logistics company DSV has secured EU antitrust approval for its 14.3 billion euro ($15.8 billion) acquisition of German rival Schenker, the European Commission said on Wednesday. DSV announced the deal for the logistics arm of German state rail operator Deutsche Bahn in September last year, which will …
DSV gains EU green light for $15.8 billion Schenker deal Read More »
By Jonathan Stempel (Reuters) – Duracell, the battery maker owned by Warren Buffett’s Berkshire Hathaway, has been sued by BASF for allegedly stealing trade secrets related to the German chemical company’s lithium ion battery technology, court documents showed. In a heavily redacted complaint made public on Tuesday in Delaware federal court, BASF said the trade …
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