(Reuters) – The EU will present an action plan to make Europe’s ailing steel sector more competitive and to shield it from looming U.S. trade tariffs on March 19, EU Commission President Ursula von der Leyen said on Tuesday. The action plan follows a ‘strategic dialogue’ with key representatives of the sector which was chaired …
EU to present action plan for steel sector on March 19 Read More »
By Gianluca Lo Nostro and Michal Aleksandrowicz (Reuters) -Eutelsat is in talks with the European Union to supply additional internet access to Ukraine, it said on Tuesday, amid a two-day surge in its shares on the prospect that OneWeb satellites could replace Elon Musk’s Starlink there. Shares of the Franco-British satellite group have more than …
Eutelsat in talks with EU to ramp up satellite internet to Ukraine, as shares soar Read More »
By Victoria Waldersee and Andrey Sychev BERLIN (Reuters) -German automotive parts supplier Continental expects a weak year for the market in 2025, and has yet to assess the potential impact of new U.S. tariffs on its North American operations, it said on Tuesday, sending shares sharply lower. Shares in Continental had slumped around 9% by …
Continental shares tumble on bleak 2025 autos outlook Read More »
(Reuters) – Italy’s Piaggio, the maker of the iconic Vespa scooter, reported what it said was its highest ever annual core profit margin of 16.9% on Tuesday, citing tight productivity management. That was despite a 12% fall in its 2024 earnings before interest, taxes, depreciation and amortisation (EBITDA) in absolute terms to 286.7 million euros …
Vespa maker Piaggio posts record margin despite ‘anomalous’ economy Read More »
LONDON (Reuters) – All British workers, including nearly a million agency workers, will be entitled to a contract which reflects the hours they regularly work, according to amendments tabled by the government to its flagship employment legislation. The Employment Rights Bill, which the government says is the biggest upgrade to UK workers’ rights in a …
UK employment rights plan extends guaranteed hours to agency workers Read More »
ROME (Reuters) – U.S. tariffs on European Union food products would cause “billion of dollars of damage” for Italy’s prized agricultural exports including Parma ham and Prosecco wine, an Italian farmers’ lobby said on Tuesday. President Donald Trump has vowed to hit the EU and other countries with tariffs in response to their trade surpluses …
Italy farm lobby worried about U.S. tariffs’ impact on Prosecco and Parma ham Read More »
By Jan Strupczewski BRUSSELS (Reuters) – The European Investment Bank, the bank of EU governments, said it would lift existing limits on financing for defence projects and broaden the scope of what is eligible, although a ban on financing weapons and ammunition would remain. In a letter to European Union leaders ahead of a defence …
EIB to lift limits on defence financing, broaden scope of eligible projects Read More »
By Yadarisa Shabong (Reuters) – The British pound edged higher against the U.S. dollar on Tuesday as traders weighed the implication of U.S. President Donald Trump’s tariffs on Canada, Mexico and China following recent data suggesting a slowdown in the American economy. Sterling rose to $1.2741, a near three-month high, and was last up 0.18%. …
Sterling edges higher against dollar, tariffs in focus Read More »
FRANKFURT (Reuters) – Germany’s natural gas usage could fall some 3% to 7% by 2030 from current levels while it remains central to the country’s energy supply, consultants McKinsey said on Tuesday. McKinsey researchers said they had lowered their forecast, but less than those in economy ministry long-term scenarios, because McKinsey anticipates a slower-than-expected transition …
German gas use could fall 3%-7% by 2030, McKinsey says Read More »
By Paolo Laudani (Reuters) -Switzerland’s Lindt & Spruengli reported a slightly better than expected full-year operating profit on Tuesday, demonstrating its pricing power in the face of historically high cocoa prices. “Tight cost control, efficiency gains, process optimization and price increases offsetting higher cocoa costs contributed to the increased profitability,” the chocolate maker said in …
Chocolate price hikes sweeten Lindt’s operating profit Read More »
