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(Reuters) – Germany’s chemicals association VCI cut its annual outlook on Wednesday, as it expects 2025 to be further impacted by geopolitical headwinds and the weak economic environment. The industry lobby now expects production to stagnate in 2025, after previously projecting 0.5% growth, with the pharmaceutical industry compensating for a decrease in the chemical industry, …

Industry lobby VCI lowers German chemicals outlook for 2025 Read More »

FRANKFURT (Reuters) -Germany’s top utility, RWE, said on Wednesday it has agreed to supply French oil major TotalEnergies with about 30,000 tonnes of green hydrogen a year from 2030, in one of the sector’s biggest deals. The agreement runs until 2044, RWE said, adding it was the biggest amount of carbon-neutral hydrogen ever contracted from …

RWE, TotalEnergies agree long-term green hydrogen supply deal Read More »

By Anastasiia Kozlova (Reuters) -Swiss duty-free retailer Avolta reported a slightly better-than-expected annual turnover on Wednesday, driven by growth across all regions and solid leisure demand. Shares of the company, which runs shops at airports, on cruise liners, in seaports, and other tourist locations worldwide, were up 3.6% in pre-market trading on Julius Baer. The …

Duty-free retailer Avolta reports annual turnover above estimate, shares rise Read More »

By Sam Tabahriti LONDON (Reuters) – Britain’s payments regulator will be abolished and its remit absorbed by another financial regulator, the government said on Tuesday, as it aims to cut red tape in favour of growth. The Payment Systems Regulator (PSR), which oversees systems including MasterCard and bank transfers, tackles problems such as fraud, excessive …

UK payments regulator to be abolished and absorbed by financial watchdog Read More »

By Philip Blenkinsop and Bart H. Meijer BRUSSELS (Reuters) – The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket U.S. tariffs on steel and aluminium. The EU executive …

EU to impose counter tariffs on $28 billion of US goods Read More »

PARIS (Reuters) -France’s European Affairs Minister, Benjamin Haddad, said on Wednesday the European Union could go further in its response to U.S. tariffs, though a trade war was in no-one’s interest. President Donald Trump’s increased tariffs on all U.S. steel and aluminium imports took effect on Wednesday, stepping up a campaign to reorder global trade …

French minister says EU can go further in response to US tariffs Read More »