Reuters UK Business

By Kate Abnett and Philip Blenkinsop BRUSSELS (Reuters) – The European Union is planning tougher restrictions on imported crops treated with pesticides banned in Europe, a draft European Commission document showed, a move that would impact suppliers including the U.S. U.S. President Donald Trump on Sunday shrugged off an earlier report of the EU plans …

EU plans to restrict imported crops treated with banned pesticides, draft shows Read More »

By George Hay and Foo Yun Chee LONDON (Reuters) – The EU’s competition chief says U.S. President Donald Trump has upended the “trustful relationship” between the United States and Europe, and that Brussels should focus on providing the predictability and stability that is lacking in Washington. Teresa Ribera, the second most powerful official at the …

Exclusive-EU antitrust chief says Trump has upended Europe-US relations Read More »

(Reuters) -The UK’s FTSE 100 closed flat on Tuesday, with banking stocks helping keep overall losses in check, while midcap shares slipped as investors trimmed bets on interest rate cuts after data showed a pick-up in wage growth. The FTSE 100 was little changed at the close, while the mid-cap FTSE 250 slipped 0.3%. Bank …

British stocks subdued as UK wage growth dulls rate cut hopes Read More »

LONDON (Reuters) – Turkey’s largest oil refiner Tupras has stopped buying Russian crude because of U.S. sanctions announced on January 10 against Russian energy companies and tankers carrying Russian oil, the company said on a call following an earnings report. “With the latest sanctions imposed, we have stopped buying Urals and we will receive the …

Turkey’s top refiner Tupras stops Russian crude purchases after sanctions Read More »

(Reuters) -Continental’s automotive branch plans to cut 3,000 jobs in its research and development segment by the end of 2026, the company said on Tuesday. The move comes on top of 7,000 job cuts already announced by the company in a restructuring programme that has been in the works for over a year. Continental also …

Continental to cut further 3,000 jobs in R&D in automotive branch Read More »

FRANKFURT (Reuters) – Germany’s Merck KGaA said on Tuesday its lab equipment division and its pharmaceuticals division would be under new leadership from June but it added that its strategy remains unchanged. Jean-Charles Wirth is to become the CEO of the Life Science unit, a maker of gear and supplies for biotech labs, succeeding Matthias …

Merck KGaA to replace two executives with company veterans Read More »

By Giulio Piovaccari and Elvira Pollina MILAN (Reuters) – Cryptocurrency firm Tether is open to all future options with regards to increasing its investment in Juventus, the Italian Serie A soccer club where it has built a 5% stake, and has the financial capacity to do so, its CEO Paolo Ardoino said on Tuesday. Tether, …

Soccer-New investor Tether open to deeper involvement with Juventus Read More »

By Marie Mannes STOCKHOLM (Reuters) – Sweden’s Northvolt has agreed to sell a business that makes electric battery packs for heavy industry, one of its few profitable units, to its customer and partner Scania, the two companies said on Tuesday, as the battery maker’s restructuring inches forward. While Northvolt did not name Scania in its …

Northvolt sells heavy industry battery business to truckmaker Scania Read More »