(Reuters) – The European Union’s top trade negotiator Maroš Šefčovič expects U.S. President Donald Trump to hit the bloc with tariffs of about 20% next week, the Financial Times reported on Wednesday. Šefčovič told officials Washington’s final plan was still unclear but tariffs would apply equally to all 27 member states, after meeting senior administration …
Top EU official expects Trump tariffs of about 20%, FT reports Read More »
ROME (Reuters) -Italy’s competition authority (AGCM) said on Wednesday it had opened an investigation into jewellery and watch-maker Morellato for allegedly imposing unfair restrictions on distributors in the way they sell its products. The authority said it suspected Morellato, whose proprietary or licensed brands include Sector No Limits, Philip Watch, Esprit and Trussardi, of illegitimately …
Italy competition watchdog probes jeweller Morellato over selling practices Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Coca Cola bottlers were raided by EU antitrust regulators earlier this month, a person with direct knowledge of the matter said. The European Commission announced the raids on non-alcoholic drinks companies in several EU countries on March 10 but did not name them. It cited concerns about possible …
Coca Cola bottlers raided by EU antitrust regulators, source says Read More »
GDANSK (Reuters) – Poland’s biggest copper miner KGHM Polska Miedz posted on Wednesday a net profit of 1.56 billion zlotys ($402.11 million) for the fourth quarter compared to loss of 4.53 billion zlotys a year ago. Full-year 2024 adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 8.46 billion zlotys from 5.36 billion …
Poland’s KGHM fourth-quarter net result swings to profit of 1.56 billion zlotys Read More »
BERLIN (Reuters) – Germany’s government rejected on Wednesday calls for a boycott of U.S. goods despite disagreements over tariffs, saying Europe’s biggest economy wanted to foster good trade relations. European Union officials are trying to ease tensions with the United States and prevent a trade war as U.S. President Donald Trump embarks on a tariff …
German government opposes boycott of US products Read More »
MILAN (Reuters) -Italian wine and spirits exports to the United States are stalling due to the uncertainty over possible tariffs that President Donald Trump could impose in the coming weeks, trade group Federvini said on Wednesday. Trump has threatened to slap a 200% tariff on wine and other alcohol imports from Europe, as part of …
Italian wine exports to US ‘at standstill’ due to tariff fears Read More »
By Yoruk Bahceli, Harry Robertson and Naomi Rovnick LONDON (Reuters) -British bond investors cheered lower-than-expected UK borrowing plans on Wednesday, but warned the government was likely to need tax hikes later this year if economic growth remains weak. Finance minister Rachel Reeves cut the government’s plans for spending increases to get back on track towards …
Markets cheer UK bond sale plan as finance minister delivers fiscal update Read More »
BRUSSELS (Reuters) – The top procurement official at one of Europe’s largest airlines urged GE Aerospace and other engine makers on Wednesday not to overlook durability when it comes to designing the next generation of fuel-saving engines. Problems with durability – or the gap between scheduled maintenance visits to overcome wear and tear – have …
Lufthansa CTO warns over maintenance demand on next jet engines Read More »
By Gianluca Lo Nostro PARIS (Reuters) – Italy could launch a tender for a secure satellite communications provider later this year, the head of Eutelsat said on Wednesday, reigniting the satellite operator’s share price on speculation it could clinch the deal. The Franco-British company’s shares rocketed earlier this month on speculation that Europe might become …
Italy could launch tender for secure communications provider this year, Eutelsat says Read More »
By Andrew MacAskill LONDON (Reuters) – U.S. President Donald Trump’s threats to impose new tariff rates next week on countries around the world could cut the size of the British economy by up to 1% and wipe out most of its fiscal buffer, according to the government’s fiscal watchdog. The Office for Budget Responsibility (OBR) …
US tariffs could cut size of UK economy by 1%, OBR says Read More »
