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BERLIN (Reuters) – Two of Europe’s largest airlines have revived a spat over the environmental impact of Europe’s take-off slot rules, with Ryanair accusing Germany’s Lufthansa of exploiting climate concerns to stifle competition. The easing of the “use-it-or-lose-it” rule has allowed major carriers to preserve airport access during the coronavirus crisis despite a sharp drop …

Ryanair and Lufthansa clash over EU’s airport slot rules Read More »

FRANKFURT (Reuters) – The European Central Bank won’t demand “disproportionate efforts” from banks seeking to meet new global capital requirements but these should not be watered down either, the ECB’s chief supervisor Andrea Enria said on Wednesday. “Key areas such as residential lending are easily prone to the build-up of risks and should by no …

ECB won’t demand the impossible from banks but rules must stand, Enria says Read More »

By Kirstin Ridley LONDON (Reuters) – Corporate leaders are prepared to pay lip service to integrity standards, overlook internal vetting processes and rationalise unethical behaviour in a battle for survival as the COVID-19 pandemic enters its third year, a global EY report says. In a warning to corporate legal and compliance departments, EY said 18% …

Corporate bosses “pay lip service” to integrity standards – EY survey Read More »

WASHINGTON (Reuters) – The new U.S.-European Union Trade and Technology Council, a body formed to help patch up strained transatlantic trade relations and help the allied democracies better compete with China, will hold a second meeting in Europe later this year, U.S. Trade Representative Katherine Tai said on Wednesday. In remarks to an online U.S.-European …

U.S.-EU trade, technology body to meet in Europe in 2022-Tai Read More »

By Giuseppe Fonte and Stephen Jewkes ROME (Reuters) -Italy is likely to increase corporate taxes on energy companies that have benefited from surging power prices, the Italian industry minister said on Wednesday. Europe is facing power price spikes due in part to strong demand plus fears over gas supplies from Russia and low gas storage …

Italy likely to raise taxes on energy companies benefiting from price surge Read More »

BRUSSELS (Reuters) – Moscow’s behaviour towards Ukraine will play a crucial role in the fate of the Nord Stream 2 pipeline, meant to transport natural gas from Russia to Germany in the future, the United States said on Wednesday. “From our perspective, it’s very hard to see gas flowing through the pipeline or for it …

Russian invasion of Ukraine may kill off Nord Stream 2, U.S. says Read More »

WARSAW (Reuters) – Poland’s parliament moved closer on Wednesday to appointing candidates to the central bank’s Monetary Policy Council to replace several rate setters whose terms expire early this year. Ruling Law and Justice (PiS) party lawmaker Wieslaw Janczyk and economics professor Elzbieta Ostrowska are candidates to be members of the MPC after being proposed …

Poland moves closer to appointing new central bank rate-setters Read More »