Reuters UK Business

LONDON (Reuters) -Britain has reversed a decision to grant permission for an oil drilling operation and dropped its defence to a legal challenge over a disputed new coal mine, campaigners said on Thursday, after a landmark ruling on fossil fuel projects. The move comes in response to a major judgment last month from Britain’s highest …

UK reverses oil drilling permission, drops coal mine defence after court ruling Read More »

MILAN (Reuters) -Fiat will sell the fully electric (EV) version of its new Panda model for less than 25,000 euros ($27,000) the head of the Stellantis brand said on Thursday. The new Fiat Panda, produced in Serbia, joins a group of Stellantis budget EV models, including the Citroen e-C3, aimed at making electric mobility more …

Fiat launches new Panda with EV version priced under 25,000 euros Read More »

FRANKFURT (Reuters) – German arms maker Rheinmetall expects its order backlog to grow to 60 billion to 70 billion euros ($65-$76 billion) by the end of the year, its Chief Executive Armin Papperger told Frankfurter Allgemeine Zeitung in an interview. Papperger, whom Russia tried to assassinate according to an earlier CNN report, also said the …

Rheinmetall CEO expects order backlog of 60-70 billion euros at end-2024 Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Apple will open its tap-and-go mobile payments system to rivals, EU antitrust regulators said on Thursday, ending a four-year long investigation that could have resulted in a hefty fine for the iPhone maker. Apple’s decision to settle the EU antitrust probe marks a rare move by the company …

Apple to let rivals use tap-and-go payment, staves off EU antitrust fine Read More »

By Huw Jones LONDON (Reuters) -Britain’s markets watchdog on Thursday paved the way for the biggest shake-up in three decades of rules for companies listing on the London Stock Exchange as it seeks to catch up with New York and the European Union post-Brexit. The regime, which aims to attract a wider range of listings …

Britain fast-tracks biggest company listings shake-up in decades Read More »

By James Davey LONDON (Reuters) – Britain’s grocery regulator on Thursday threatened Amazon with a formal investigation if it does not improve its compliance with an industry code designed to protect suppliers. The Groceries Code Adjudicator (GCA) said its 2024 annual survey found that less than half of respondents directly supplying Amazon believed the U.S. …

Amazon could face probe over treatment of UK grocery suppliers, watchdog says Read More »

FRANKFURT (Reuters) – German energy company E.ON and Volkswagen subsidiary MAN Truck & Bus on Thursday unveiled plans to set up an electric charging network for trucks in Germany and Europe, to help cut emissions and achieve environmentally sustainable logistics. While electromobility has already reached the mass market in passenger cars, zero-emission trucks with electric …

VW’s MAN and E.ON cooperate on electric truck charging Read More »