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(Reuters) -India’s Tata Motors and the country’s auto parts makers that supply Tesla, among others, dropped on Thursday after U.S. President Donald Trump announced plans for 25% tariffs on all imported cars and auto parts. Tata Motors slid 5%, while Tesla’s biggest Indian supplier, Sona Comstar, dropped over 4%, leading to a 1.2% drop in …

JLR-parent Tata Motors, Tesla’s Indian suppliers skid on US auto tariffs plan Read More »

By Emilio Parodi MILAN (Reuters) – Italy has handed tax demands to Meta, X and LinkedIn in an unprecedented VAT claim against the U.S. tech giants that could have repercussions across the European Union, four sources with direct knowledge of the matter said on Wednesday. While it has been reported that Facebook and Instagram parent …

Exclusive-Italy pursues payment from Meta, X and LinkedIn in landmark tax case Read More »

(Reuters) -Eurosceptic UK politician Nigel Farage and NatWest Group have settled their dispute over the bank’s handling of a decision to close Farage’s accounts, according to a joint statement released on Wednesday. The terms of the settlement were confidential, the statement said, putting an end to a nearly two-year politically-charged dispute with the Reform UK …

Brexit campaigner Nigel Farage and NatWest settle ‘debanking’ dispute Read More »

By Virginia Furness and Simon Jessop LONDON (Reuters) – ING has become the first systemically important global bank to have its climate goals validated as being in line with efforts to limit global warming to 1.5 degrees Celsius, the body responsible for awarding the standard said on Wednesday. The bank said in a statement it …

ING first globally important bank to meet climate watchdog standards Read More »

(Reuters) -PAI Partners and Bain Capital are among the buyout firms considering bidding for Swiss food giant Nestle’s water business, which could be valued at about 5 billion euros ($5.38 billion) or more in a deal, Bloomberg News reported on Wednesday. Clayton Dubilier & Rice and KKR have also been studying the business, Bloomberg News …

Buyout firms mull option for Nestle’s $5.4 billion water business, Bloomberg News reports Read More »

By Shadia Nasralla LONDON (Reuters) – Proxy advisors Institutional Shareholder Services Inc (ISS) and Glass Lewis recommend that shareholders vote in favour of the re-election of BP’s board and management at the April 17 annual general meeting, according documents seen by Reuters. BP stock has underperformed rivals Shell and Exxon in the last five years, …

Proxy advisors ISS, Glass Lewis recommend re-election of BP leadership Read More »

By Elvira Pollina MILAN(Reuters) -MFE-MediaForEurope, the TV group controlled by Italy’s Berlusconi family, has made a low-ball bid for shares in ProSiebenSat.1 it does not already own as part of its plan to tighten its hold on the German broadcaster. MFE, which owns commercial TV operations in Italy and Spain, is looking to create a …

Berlusconis’ TV group MFE moves to tighten grip on Germany’s ProSieben Read More »