By Andrey Sychev and Kate Abnett BRUSSELS (Reuters) -The leaders of auto manufacturing hubs Germany, Italy and the Czech Republic pressured Brussels on Thursday to waive financial penalties on carmakers that miss EU emissions targets from next year. German Chancellor Olaf Scholz said after a summit of EU leaders that it did not make sense …
Auto producer countries press EU to waive CO2 fines Read More »
By Tom Hals (Reuters) -A license dispute between Arm Holdings and Qualcomm went before a jury on Thursday after attorneys from both sides completed closing arguments. The jury in a U.S. federal court in Delaware is considering whether Qualcomm or Nuvia, a startup Qualcomm purchased for $1.4 billion in 2021, breached a license agreement with …
Jury deliberates in Arm, Qualcomm trial after closing arguments wrap Read More »
PARIS (Reuters) – France’s new prime minister, Francois Bayrou, said on Thursday he hoped to have a budget ready by mid-February, as he battles to avoid the fate of his predecessor Michel Barnier, whose government collapsed amid opposition to his budget measures. “I hope to have a budget by mid-February,” Bayrou said on France 2 …
French PM hopes to have budget ready by mid-February Read More »
BRUSSELS (Reuters) -The European Commission said on Thursday it had opened an in-depth investigation into the proposed 3.5 billion euro ($3.62 billion) acquisition of Dorna Sports by Liberty Media <FWONA.O>. Liberty Media said in April that it would acquire about 86% of Dorna Sports, the parent company of FIM World Championship Grand Prix, also known …
EU opens probe into Liberty Media’s proposed Dorna Sports acquisition Read More »
MADRID (Reuters) – Sam Altman’s company Worldcoin must delete all iris scanning data collected since the start of the project that has sparked privacy concerns in several countries, Spanish data protection watchdog AEPD said on Thursday. AEPD cited a decision earlier on Thursday by its Bavarian counterpart BayLDA, with whom the agency has cooperated on …
Worldcoin must delete all iris scan data, watchdog says Read More »
(Reuters) – Darden Restaurants raised its annual sales forecast on Thursday, banking on higher menu prices and more people dining at its chains including LongHorn Steakhouse and Olive Garden in the holiday season, sending its shares up about 9% premarket. Restaurants chains such as Cava, Shake Shack and Chipotle Mexican have grown in popularity as …
Olive Garden parent Darden Restaurants raises annual sales forecast Read More »
By Yousef Saba DUBAI (Reuters) -XRG, the international investments arm of Abu Dhabi National Oil Company (ADNOC) will become the majority owner of Covestro, it said on Thursday, after shareholders in the German chemicals maker approved a takeover offer. The deal is the largest recorded foreign acquisition by a Gulf company, as the hydrocarbon-rich region …
Covestro shareholders accept ADNOC’s XRG $15 billion takeover offer Read More »
By Alexander Tanas CHISINAU (Reuters) – President Maia Sandu on Thursday accused Gazprom of provoking an energy crisis in Moldova, saying the Russian energy giant was refusing to supply gas through an alternative route if the fuel stops flowing through Ukraine at the end of this year. Moldova’s population of 2.5 million has been preparing …
Moldova’s president blames Russia’s Gazprom for energy crisis Read More »
BERLIN (Reuters) – German lawmakers passed a taxation reform on Thursday to combat the burden on households caused by higher inflation, with approval secured by the votes of the former coalition partners and the opposition conservatives. The legislation, set to come into effect at the start of the year, has been pushed through parliament at …
German parliament passes tax relief to offset inflation Read More »
(Reuters) -Britain’s FTSE 100 dropped to a four-week low on Thursday after the U.S. Federal Reserve projected fewer interest rate cuts than expected in 2025, while the Bank of England kept borrowing costs on hold. The FTSE 100 fell 1.1%, hitting its lowest since Nov. 21, while the mid-cap FTSE 250 lost 0.9%, its lowest …
UK’s FTSE 100 slides after Fed’s cautious stance, BoE holds rates Read More »
