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By Jan Strupczewski BRUSSELS (Reuters) -The euro zone economy is likely to expand faster than expected this year and grow at or above potential in 2026 and 2027, but debt and deficit will be on the rise too because of defence spending, the European Commission said on Monday. The EU executive arm forecast that gross …

Euro zone to grow faster than expected, but defence spending boosts debt, EU Commission says Read More »

LONDON (Reuters) -London-headquartered law firm Ashurst and U.S.-based Perkins Coie on Monday announced they have agreed a merger which would create a combined firm of 3,000 lawyers with $2.7 billion in revenue, putting it in the top 20 worldwide. The announcement, first reported by the Financial Times, marks the latest major transatlantic merger of law …

Law firms Ashurst, Perkins Coie agree merger to create global top-20 outfit Read More »

ZURICH (Reuters) -UBS said on Monday it wants to continue operating from Switzerland in response to a report that UBS chair Colm Kelleher and U.S. Treasury Secretary Scott Bessent had privately discussed moving the bank’s headquarters to the U.S. The Financial Times reported Kelleher and Bessent discussed the matter as the Zurich-based lender continued to …

UBS reaffirms Swiss base after report of talks on possible U.S. move Read More »

DUBAI (Reuters) -Iraqi Prime Minister Mohammed Shia al-Sudani met with the former CEO of Russia’s Lukoil to discuss ways of resolving disruptions to the oil company’s operations in the wake of U.S. sanctions, the prime minister’s office said on Monday. Lukoil has declared force majeure at its West Qurna-2 field in southern Iraq, sources told …

Iraqi PM, former Lukoil CEO discuss solutions after US sanctions Read More »

ASTANA (Reuters) -Kazakhstan’s government is not holding talks with Russian oil major Lukoil about buying the company’s Kazakh assets, Energy Minister Yerlan Akkenzhenov said on Monday. Earlier, Russian state media had cited the head of Kazakhstan’s state-owned oil and gas company KazMunayGas as saying the company was in talks about Lukoil’s assets in Kazakhstan. The …

Kazakh energy minister says government not talking with Lukoil about buying local assets Read More »

By Patrick Wingrove (Reuters) -Novo Nordisk said on Monday it has begun selling its popular weight-loss drug Wegovy for $349 a month to cash payers, months ahead of the timeline set out with the Trump administration. The same cash price will apply to most doses of Novo’s diabetes drug Ozempic, the company said, except the …

Novo Nordisk rolls out $349 Wegovy cash price ahead of plan Read More »

MILAN (Reuters) -Stellantis Chairman John Elkann urged the European Commission on Monday to give carmakers more flexibility on emissions targets, saying interim goals fixed for 2030 should be averaged over several years. Elkann said in an interview with Politico that the industry should be allowed to meet targets over a five-year period from 2028 to …

Stellantis’ Elkann urges EU to allow averaging of 2030 car emissions targets over 5 years Read More »

(Reuters) -Alstom agreed to supply Ukrainian Railways with 55 locomotives in a contract valued at roughly 470 million euros ($545 million), the French rail transport manufacturer said on Monday. The delivery of Traxx locomotives, scheduled to begin in 2027, will be financed mainly by the European Bank for Reconstruction and Development, and the World Bank, …

Alstom to supply Ukrainian Railways with 55 locomotives for 470 million euros Read More »