BRUSSELS (Reuters) – The European Commission is investigating whether to tighten its current system of quotas on steel imports to protect EU producers from new tariffs U.S. President Donald Trump plans to impose on incoming steel and aluminium on March 12. The European Union has safeguards in the form of tariff-free quotas per quarter and …
EU considers tighter steel import curbs over Trump’s new tariffs Read More »
FRANKFURT (Reuters) – The European Central Bank’s top policymakers outlined the contours of a looming policy debate on Wednesday, taking opposing views on inflation risks and on how much the bank is still holding back the economy. The ECB has cut interest rates five times since last June and policymakers are increasingly vocal in their …
Top ECB policymakers outline opposing policy arguments Read More »
LONDON (Reuters) – Apple has told Britain’s competition regulator that some of the remedy options proposed by the watchdog to address concerns in the mobile browser market would impact the iPhone maker’s incentive to innovate. The responses from Apple and Google to the regulator’s investigation in the supply of mobile browsers and browser engines and …
Apple says UK regulator’s remedy options on mobile browsers will hit innovation Read More »
FRANKFURT (Reuters) – Germany’s Trading Hub Europe will be charged with enacting in its home market any changes to gas storage filling rules that national and European policymakers decide in response to claims rigid targets are inflating prices. According to a draft EU document due to be published next week, the European Commission plans to …
Factbox-German gas hub’s role in implementing European storage policy Read More »
By Jakob Van Calster and Mateusz Rabiega (Reuters) – Dutch insurer ASR Nederland could invest up to 100 million euros ($104.24 million) per investment case in the country’s defence industry, its CEO said on Wednesday, responding to government efforts to bolster European defence. The government has called for private capital to help build a stronger …
Global tensions drive Dutch insurer ASR Nederland to invest in defence Read More »
GDANSK (Reuters) – Polish utility Energa said on Wednesday it has signed a loan deal for up to 7.66 billion zlotys ($1.92 billion) with Poland’s development bank BGK to invest in the company’s power distribution network. Polish oil refiner Orlen, which owns Energa, plans to add 4.3 gigawatts (GW) of gas-fired power generation capacity and …
Energa gets up to $1.92 billion loan for power grid investments Read More »
By Robert Harvey LONDON (Reuters) – London-listed global commodity trader and miner Glencore traded more oil in 2024 than in the previous year, preliminary results showed on Wednesday, but its earnings from trading energy products fell. Glencore traded 3.7 million barrels per day (bpd) of crude oil, oil products and gas products last year, compared …
Glencore oil trading volumes rose in 2024, results show Read More »
MADRID (Reuters) – A group of U.S. companies present in Spain asked the administration of President Donald Trump to take into account the country’s trade deficit with the United States when setting new tariffs on its goods. The American Chamber of Commerce in Spain (AmChamSpain) said on Wednesday it had sent a letter to U.S. …
U.S. companies in Madrid ask Trump to treat Spain differently Read More »
By Alessandro Parodi (Reuters) -Philips forecast a mid-single-digit decline in first-quarter comparable sales on Wednesday partly due to weak China spending, after the Dutch healthcare technology company missed expectations for the final three months of last year. Shares of the group, which sells products ranging from toothbrushes to medical imaging systems, fell as much as …
Philips sees lower comparable sales in first quarter on weak China spending Read More »
LONDON (Reuters) -British house prices rose at their fastest pace in almost two years in the 12 months to December, according to official data published on Wednesday that added to signs of a recovery in the housing market. Average house prices rose by an annual 4.6% to 268,000 pounds ($337,760) in December 2024, the fastest …
UK house prices rise by most in nearly two years, ONS says Read More »
