By Jan Strupczewski BRUSSELS (Reuters) – The European Commission wants to revamp the next EU budget to help firms be more competitive, give more clout to EU foreign policy and influence the reforms and investments that each country pays for with EU cash, a document showed on Tuesday. This would be a major change to …
EU executive wants next EU budget to aid competitiveness, foreign policy Read More »
By Kirstin Ridley LONDON (Reuters) -British lawmakers demanded more answers after being told on Tuesday that the head of Britain’s Financial Ombudsman Service (FOS) left by mutual consent and her departure had nothing to do with the handling of motor finance mis-selling cases. In a tetchy grilling by the cross-party Treasury Committee to discuss the …
UK lawmakers want answers on departure of financial ombudsman chief Read More »
MADRID (Reuters) – The total value of Spanish steel and aluminium exports to the United States could fall by 10.4% due to U.S. President Donald Trump’s new tariffs on the metals, the Spanish Chamber of Commerce estimated on Tuesday. “The change in the current trade scheme for aluminium and steel would be detrimental to the …
Value of Spain’s steel, aluminium exports to US seen taking 10% hit from Trump tariffs Read More »
By Tassilo Hummel and Mathieu Rosemain PARIS -LVMH-owned newspaper group Les Echos-Le Parisien is not party to a lawsuit involving French media against Elon Musk’s X that it previously said it would join, according to a court official, and four media industry sources said the LVMH papers no longer planned to sue the platform. Les …
Exclusive-LVMH media unit refrains from lawsuit against Musk-owned X, sources say Read More »
(Reuters) -Britain’s FTSE 100 inched to a record closing high on Tuesday as gains in energy giant Shell overshadowed declines in heavyweight copper miners after U.S. President Donald Trump’s tariff hikes sparked demand concerns. The FTSE 100 edged up 0.1%, helped by a 2.4% gain in Shell shares, with Nigerian oil producers in talks with …
London’s FTSE 100 closes at record high on Shell boost Read More »
(Reuters) -BP will cut performance-related bonuses for its senior leaders to 45% after the company missed some of its financial goals in 2024, the oil major confirmed on Tuesday. The company had earlier reported 2024 core profit of $38 billion, missing its target of $40.9 billion, according to a document seen by Reuters. Sources close …
BP cuts senior leadership bonuses after missing 2024 targets Read More »
By Jeffrey Dastin and Ingrid Melander PARIS (Reuters) -U.S. Vice President JD Vance told Europeans on Tuesday their “massive” regulations on artificial intelligence could strangle the technology, and rejected content moderation as “authoritarian censorship”. In another sign of divergence on AI governance, the United States and Britain did not sign up to the final statement …
Vance tells Europeans that heavy regulation could kill AI Read More »
By Forrest Crellin and Elizabeth Howcroft PARIS (Reuters) – The time needed to connect power-hungry data centres to the electricity grid could blunt France’s advantage using its abundant nuclear power to lure billions of dollars of investment into artificial intelligence, investors and experts said. Hosting a global summit on AI this week, French President Emmanuel …
Connection challenge could hamper nuclear powered France’s bid as AI hub Read More »
ZURICH (Reuters) – Siemens Mobility, the train transportation arm of Siemens, said on Tuesday it has won a share of a 2.8 billion euro ($2.90 billion) contract to provide control and safety equipment to German train operator Deutsche Bahn. Siemens Mobility has won the contract with its construction partner Leonhard Weiss to supply new digital …
Siemens Mobility wins share of 2.8 billion euro contract with Deutsche Bahn Read More »
By Krisztina Than and Gergely Szakacs BUDAPEST (Reuters) – Wizz Air aims to restart flights to Ukraine shortly after the announcement of any ceasefire with Russia, reinstating about 30 inbound routes within six weeks, Chief Executive Jozsef Varadi told Reuters on Tuesday. “We have a firm plan for the restart of Ukraine, because I think …
Wizz Air aims for restart of Ukraine flights within six weeks of any ceasefire Read More »
