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By Philip Blenkinsop BRUSSELS (Reuters) – Mercedes-Benz CEO Ola Kaellenius urged the European Commission on Thursday to recognise that subdued electric vehicle sales in the European Union were due to weak demand not lack of supply and to scrap potential fines for the auto sector. The bloc’s carmakers, who are struggling to compete against Chinese …

EU auto sector urges relief from emission fines ahead of formal dialogue Read More »

MOSCOW (Reuters) – Sibur, Russia’s largest liquefied petroleum gas (LPG) producer, cut exports through the Baltic Sea port of Ust-Luga, its main exporting gateway, by 37% to 570,000 metric tons last year, according to traders and LSEG ship-tracking data. Data for 2024 has not yet been made available on Russia’s total exports of LPG, which …

LPG exports by Russia’s Sibur via Ust-Luga fell 37% in 2024, data shows Read More »

By Libby George VIENNA (Reuters) – Eastern European nations confronting a plethora of economic threats fuelled by war on their doorstep may face fresh pressure if peace is reached in Ukraine – from tight labour markets that fuel inflation thanks to an exodus of Ukrainian workers. Central and eastern European countries are home to a …

Analysis-Ukrainian migrant exit could squeeze Eastern Europe’s economies Read More »

LONDON/PARIS (Reuters) – Societe Generale, France’s third-biggest listed bank, is planning a partial comeback to gold trading after quitting the bullion market in 2019, two sources with knowledge of the matter told Reuters. Societe Generale resigned as a market maker for gold at the London Bullion Market Association (LBMA) in 2019 as it downsized over-the-counter …

Societe Generale plans partial return to gold trading, sources say Read More »

MILAN (Reuters) – Rothschild & Co Italia, the Italian branch of the international financial adviser, said on Thursday that global partner Irving Bellotti is the new chief executive for the country, while global partner and long-standing CEO Alessandro Daffina has taken up the role of chairman. Chairman Federico Ghizzoni will become deputy chairman. Irving Bellotti …

Rothschild &Co Italia names Irving Bellotti as new CEO Read More »

MILAN (Reuters) – Investments into Italy’s data centres will double to 10 billion euros ($10.3 billion) in the 2025-2026 period compared with the previous two years as technology heavyweights roll out spending plans, a research hub of Milan Polytechnic University said on Thursday. The country however has to tackle potential power grid bottlenecks and high …

Italy’s data centres to add 10 billion euros investments in 2025-26, report says Read More »