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Logistics firm Kuehne+Nagel to profit from complexities around global trade war

25 Mar 2025

By Anastasiia Kozlova (Reuters) – Swiss logistics group Kuehne und Nagel on Tuesday said it has been capitalizing on increasingly complex global trade issues – from U.S. President Donald Trump’s tariffs to the Red Sea crisis – by charging customers more for value-added services. Since the Covid-19 pandemic, shipping and logistics firms have had to …

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ArcelorMittal indicted in Fos-sur-Mer pollution case in France

25 Mar 2025

By Anna Peverieri (Reuters) -ArcelorMittal has been indicted for endangering the lives of others, forgery and environmental damages in connection to industrial pollution in the Fos-sur-Mer region, France, the Marseille public prosecutor’s office told Reuters on Tuesday. The world’s second largest steelmaker has been placed under judicial supervision, subject to a 250,000 euro ($270,450) deposit …

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Tesla’s sales and market share in Europe drop again in February

25 Mar 2025

By Alessandro Parodi and Greta Rosen Fondahn (Reuters) -Tesla’s market share in Europe continued to shrink in February as sales of the all-electric car maker dropped for a second month even as EV registrations overall on the continent grew. As competition grows and a slowdown in European economies hampers total car sales, Elon Musk’s battery-electric …

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Shell says outcome of Russian claim for 1.5 billion euros ‘uncertain’

25 Mar 2025

LONDON (Reuters) – The outcome of a Russian prosecutor asking Shell to pay Gazprom 1.5 billion euros ($1.62 billion) for alleged unpaid gas deliveries in 2022 is “uncertain”, Shell said in its annual report published on Tuesday. Shell had several projects in Russia before Moscow sent its army into Ukraine in February 2022 in what …

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Italy’s telco market consolidation not a must for Iliad, CEO says

25 Mar 2025

(Reuters) – French telecoms group Iliad sees consolidation in the Italian market as an opportunity, but not as a necessity, for the group’s operations in Italy, CEO Thomas Reynaud said on Tuesday. Reynaud declined to comment specifically on a potential tie-up between Iliad’s Italian operations and Telecom Italia (TIM) during a press briefing after full-year …

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Britain proposes to allow mobiles to make satellite calls

25 Mar 2025

(Reuters) -Britons could be making satellite calls using their ordinary smartphones later this year after the country’s telecoms regulator proposed allocating radio frequencies to enable services to begin. Specialised equipment, such as the terminals used on ships and aircraft, is currently required to make satellite calls, although some smartphones can use low-bandwidth connections to send …

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Sweden’s budget watchdog cuts deficit outlook despite higher defence spend

25 Mar 2025

STOCKHOLM (Reuters) -Sweden’s budget watchdog on Tuesday nearly halved its public deficit forecast for 2025, predicting deficits will shrink both this year and next as a recovering economy helps offset higher spending on defence. The National Financial Management Authority’s (ESV) now sees public finances running a deficit of 51 billion crowns ($5 billion) or 0.8% …

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