CERNOBBIO, Italy (Reuters) – Italy plans to confirm a projected 1% economic growth estimate for this year in its medium-term structural budget plan to be presented to the European Commission by Sept. 20, a Treasury junior minister said on Saturday. “I believe 2024 estimates will be confirmed … with GDP growth of 1%,” Economy Ministry …
Italy budget plan to keep 1% GDP growth estimate, junior minister says Read More »
PARIS (Reuters) – Europe’s autos industry could face fines of 15 billion euros ($17.4 billion) for carbon emissions due to slowing demand for electric vehicles, Renault CEO Luca de Meo said on Saturday. Automakers face tougher EU CO2 targets in 2025 as the cap on average emissions from new vehicles sales falls to 94 grams/km …
Renault CEO says sector could face billions in fines as EV sales slow Read More »
(Reuters) -Apple’s latest iPhone with its A18 chip, which is set to be unveiled at an event on Monday, has been developed using SoftBank-owned Arm’s newest V9 chip design, the Financial Times newspaper reported on Saturday. Apple is set to host its fall event on Sept. 9 at its headquarters in Cupertino, California, where it …
New iPhone will use Arm’s chip technology for AI, FT reports Read More »
By Jody Godoy (Reuters) -The U.S. Department of Justice plans to issue an outline by December on what Alphabet’s Google must do to restore competition after a judge earlier found the company illegally monopolized the market for online search, prosecutors said at a court hearing in Washington on Friday. Prosecutors did not detail what remedy …
Google search monopoly US case remedies to come by December Read More »
By Anthony Boadle BRASILIA (Reuters) -European Union and South American negotiators ended two days of trade negotiations on Friday with “significant progress” on contentious issues that have been holding up the long-overdue EU-Mercosur agreement, two sources close to the talks said. The sources said the negotiations seem to be on course for a positive conclusion …
EU-Mercosur trade talks progress on divisive issues, sources say Read More »
By Emma-Victoria Farr, John O’Donnell and Alexandra Schwarz-Goerlich FRANKFURT/VIENNA (Reuters) -A Russian court froze the shares in Raiffeisen Bank International’s local arm, the biggest Western bank in Russia said on Thursday, blocking the sale of the unit and escalating a standoff between Moscow and the West. Austria-based RBI had vowed to spin off its Russian …
Russian court freezes Raiffeisen shares in local bank, blocking sale Read More »
By Kate Abnett BRUSSELS (Reuters) – European Union countries are considering delaying the introduction of EU-wide taxes on polluting aviation fuels for 20 years, as they seek a breakthrough on tax reforms that have been negotiated for years with little progress, a draft document seen by Reuters showed. The European Commission proposed an overhaul of …
EU countries mull 20-year tax holiday for jet fuel, document shows Read More »
NEW YORK (Reuters) – Proxy advisory firm Institutional Shareholder Services on Friday recommended Squarespace investors vote against a proposed take-private transaction by private equity company Permira later this month. ISS cited concerns the sales process did not maximize value for shareholders and the company’s strong operational results and outlook as reasons for its recommendation. “Despite …
ISS recommends Squarespace investors vote against proposed Permira transaction Read More »
(Reuters) -Ukraine’s foreign currency reserves were up to $42.3 billion as of Sept. 1, the central bank said on Friday. The reserves grew by 13.7% over the past month, the bank said in a statement. The reserves stood at $37.2 billion as of Aug. 1. “Such dynamics were driven by large inflows from international partners, …
Ukraine forex reserves rise to $42.3 billion as of Sept 1 Read More »
By Darya Korsunskaya (Reuters) – Russia’s economy ministry has revised up its 2024 forecasts for export sales of oil and gas, key sources of budget revenues, by $17.4 billion from the previous estimate to $239.7 billion thanks to a more positive price outlook, a document seen by Reuters showed. The improved expectations for Russia’s oil …
