Reuters UK Business

(Reuters) -British shares rebounded on Tuesday after touching a near three-week low in the previous session, while investors remained cautious ahead of U.S. President Donald Trump’s planned reveal of reciprocal tariffs on Wednesday. Both the blue-chip FTSE 100 and the midcap FTSE 250 index gained 0.6%. Trump is set to unveil reciprocal tariffs aligning U.S. …

UK shares find footing after selloff ahead of US tariff deadline Read More »

(Reuters) -Mercedes-Benz denied a report by Bloomberg News on Tuesday which said the carmaker was considering withdrawing its cheapest models in the U.S. ahead of an added 25% tariff to be imposed on auto imports. “This is without any merit. Mercedes-Benz continues to seek sales growth for its highly desirable vehicles,” a Mercedes-Benz spokesperson said …

Mercedes denies it is considering withdrawing cheaper cars from US Read More »

By Kate Abnett BRUSSELS (Reuters) -Automakers are set to get three years, rather than one, to comply with the EU’s 2025 CO2 emissions targets for cars and vans under a proposal to soften the rules, published by the European Commission on Tuesday. European car manufacturers had asked Brussels for relief from the targets, which depend …

EU proposes looser rules for automakers’ CO2 emissions targets Read More »

By Alessandro Parodi (Reuters) -Tesla’s sales in key European markets fell again in March, data showed on Tuesday, adding to signs that drivers are shunning Elon Musk’s electric car brand as competition from China stiffens and some protest against his political views. New Tesla sales in France and Sweden dropped for a third consecutive month, …

Tesla sales rout in Europe deepens amid anti-Musk protests Read More »

By Nora Buli OSLO (Reuters) – Europe may need up to an extra 250 cargoes of liquefied natural gas this year costing at least $11 billion to refill its depleted gas stores ahead of winter, with Ukraine requiring at least another 30 cargoes, according to analysts and data. Demand during winter 2024-25 was higher than …

Europe could need extra $11 billion of gas to refill winter stores Read More »

(Reuters) -Ten carmakers, including BMW and Ford, and two trade bodies have reached a settlement with the UK’s antitrust regulator to pay 77.7 million pounds ($100.43 million) in fine after admitting to breaking vehicle recycling-related competition law, Competition and Markets Authority said on Tuesday. The European Commission, which launched a parallel probe alongside the CMA …

UK antitrust regulator imposes $100.43 million fine on carmakers, trade bodies Read More »

By Elisa Anzolin MILAN (Reuters) – Italian premium coffee maker Illycaffe’ will be forced to raise prices in response to any tariffs imposed this week by U.S. President Donald Trump’s administration, its CEO Cristina Scocchia said on Tuesday. Scocchia added that Illy would also look in the longer term at building a plant in the …

Italian coffee maker Illy warns tariffs will push up US prices Read More »