By Philip Blenkinsop and Charlotte Van Campenhout BRUSSELS (Reuters) -The European Union will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials said, ratcheting up tensions with Beijing in Brussels’ largest trade case yet. There is however a four-month window during which the tariffs are provisional …
China-built EVs hit with duties in biggest EU trade case yet Read More »
BERLIN (Reuters) – Environmental authorities in the German state of Brandenburg, where Tesla has its gigafactory, have approved the U.S. electric vehicle maker’s application to expand its Gruenheide plant, another hurdle cleared in the carmaker’s growth plans. The approval initially allows Tesla to set up an asphalted logistics area for new vehicles, as well as …
German environmental authorities approve Tesla site expansion Read More »
By Riham Alkousaa BERLIN (Reuters) – Germany could cover up to 100 terawatt-hours (TWh) of its annual energy needs with imports of green hydrogen via pipelines from neighbouring countries by the mid-2030s, covering a significant share of its projected demand, a study showed on Thursday. Berlin is seeking to expand the use of hydrogen as …
Germany could import up to 100 TWh of green hydrogen via pipelines by 2035, study shows Read More »
ZURICH (Reuters) – Switzerland’s pricing supervisor has put UBS under observation following its takeover of Credit Suisse, the regulator said on Thursday. The supervisor meet with financial market regulator FINMA, competition authority WEKO and the Swiss National Bank to discuss consequences of the takeover, it said. UBS on Monday said it has completed the merger …
Swiss price regulator puts UBS under observation Read More »
(Reuters) -New car sales in Britain touched the “million motors” mark in the first six months for the first time since 2019 as strong commercial demand continued to outweigh weak retail purchases, data from an industry body showed on Thursday. New car registrations rose a modest 1.1% year-over-year to 179,263 units in June, taking the …
UK new car sales top 1 million in H1 despite commercial-private divide, data shows Read More »
By Yadarisa Shabong (Reuters) – Shares in Smith & Nephew rose 6% on Thursday after activist investor Cevian Capital disclosed a 5% stake in the British medical equipment maker, a filing showed. Smith & Nephew, which makes orthopaedic implants and prosthetics, wound dressings and other surgical materials, has lost more than 50% of its stock …
Smith & Nephew shares soar as activist Cevian builds stake Read More »
LONDON (Reuters) – British employers expect the wages they pay will grow more slowly over the coming 12 months, according to a survey published by the Bank of England which the central bank will factor into its discussions about when to cut interest rates. The monthly Decision Makers’ Survey showed expected year-ahead wage growth – …
UK employers scale back expected wage growth, Bank of England says Read More »
LONDON (Reuters) – Growth in British construction activity slowed in June as house-building declined, according to a survey on Thursday that showed a slowdown in new orders as some firms took a wait-and-see approach to Britain’s July 4 election. The S&P Global UK Construction Purchasing Managers’ Index fell to 52.2 in June from 54.7 in …
UK construction growth cools ahead of election, PMI shows Read More »
COPENHAGEN (Reuters) – Volvo Cars’ sales in June rose 8% to 71,514 cars from a year earlier, underpinned by strong performances in Europe and Latin America as well as for its new fully electric model EX30, the Sweden-based automaker said on Thursday. Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement …
Volvo Cars’ June sales rise on fully electric model boost Read More »
By Francesco Canepa and Balazs Koranyi SINTRA, Portugal (Reuters) – The European Central Bank has faced questions about whether it would shore up France’s rattled bond market ever since President Emmanuel Macron called a snap parliamentary election last month, raising the prospect of a far-right government. Policymakers remain in no rush to act, also in …
Explainer-Can France count on an ECB rescue if vote upsets markets? Read More »
