Reuters UK Business Archives - Page 16 of 3179

New Czech government signals tough stance on migration, EU emissions rules

16 Dec 2025 16 Dec 2025

PRAGUE, Dec 16 (Reuters) – The new Czech government, in its first full meeting on Tuesday, rejected the European Union’s approved migration pact and an emissions trading plan, potentially setting up a clash with Brussels. Following through on campaign promises, billionaire Prime Minister Andrej Babis’ populist ANO party and its right-wing ruling coalition partners took …

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Global insured catastrophe losses set to hit $107 billion in 2025, report shows

16 Dec 2025 16 Dec 2025

Dec 16 (Reuters) – Annual global insured losses from natural catastrophes are expected to hit $107 billion in 2025, driven by the Los Angeles wildfires and severe convective storms in parts of the United States, a Swiss Re Institute study showed on Tuesday. The U.S. stood as the most affected market in 2025, accounting for …

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Britain may change BBC funding to allow adverts or subscriptions

16 Dec 2025 16 Dec 2025

By Sarah Young and Paul Sandle LONDON, Dec 16 (Reuters) – Britain’s century-old BBC broadcaster could break with tradition to carry some advertising or be available on subscription under proposals being considered by the government to alter the current funding model of a universal licence fee. The BBC’s funding has long been a source of …

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Russian bank VTB to create agriculture giant from nationalised assets, CEO says

16 Dec 2025 16 Dec 2025

MOSCOW, Dec 1 (Reuters) – Russia’s second-largest bank VTB plans to create a large agricultural holding from nationalised assets it had bought in the southern regions in December 2024, VTB’s CEO Andrei Kostin told Reuters. He said the new holding will focus on domestic processing of grains and other agricultural products and suggested that the …

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EU tries to salvage Mercosur trade pact as parliament toughens farm protections

16 Dec 2025 16 Dec 2025

By Philip Blenkinsop STRASBOURG, Dec 16 (Reuters) – EU lawmakers backed tighter controls on imports of agricultural products under a potential trade agreement with the South American trade bloc Mercosur, as Brussels tries to get sceptics on board to sign the EU’s largest-ever trade accord. European Commission President Ursula von der Leyen had been expected …

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Europe’s leaders and laggards in electric vehicle sales

16 Dec 2025 16 Dec 2025

By Nick Carey and Marie Mannes LONDON/STOCKHOLM, Dec 16 (Reuters) – As the European Union has looked to push carmakers towards electric vehicles, sales of EVs across the continent have been uneven, skewed more to northern and western countries, while nations further south and east have tended to lag. The EU is now easing emissions …

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Greece to present plan to settle Swiss franc mortgage dispute, sources say

16 Dec 2025 16 Dec 2025

ATHENS, Dec 16 (Reuters) – Greece will present an out-of-court settlement soon for billions of euros in Swiss franc-denominated mortgages to try to end a long-running dispute over soaring repayment costs caused by currency fluctuations, two sources told Reuters on Tuesday. More than 50,000 Greeks took out mortgages in Swiss francs in the mid-2000s, attracted …

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Shell greenlights US Gulf waterflood project to boost oil recovery

16 Dec 2025 16 Dec 2025

LONDON, Dec 16 (Reuters) – Oil major Shell has taken a final investment decision on a waterflood project at its Kaikias field in the U.S. Gulf of Mexico, aiming to boost oil recovery and extend the life of its Ursa platform. The project is expected to add 60 million barrels of oil equivalent to recoverable …

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Italy plans 2.4 billion euros investment in frigates, document shows

16 Dec 2025 16 Dec 2025

ROME, Dec 16 (Reuters) – Italy’s government has asked parliament to approve a 2.4-billion-euro ($2.82 billion) investment over 15 years for the maintenance and modernisation of its frigate fleet, a parliamentary document seen by Reuters showed. The plan comes as Italy moves to gradually increase its defence spending to comply with higher NATO targets, after …

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Swedish greenhouse gas emissions on rise again after government relaxes fuels policy, data shows

16 Dec 2025 16 Dec 2025

STOCKHOLM, Dec 16 (Reuters) – Sweden’s greenhouse gas emissions rose 7% in 2024, reversing a downtrend in recent years, after the government eased rules on mixing biofuels in petrol and diesel, data showed on Tuesday. The upturn in emissions will make it harder for Sweden to meet its EU-mandated climate goals harder, the Swedish Environmental …

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