Reuters UK Business

By Dimitri Rhodes and Dagmarah Mackos (Reuters) -Belgian car distributor D’Ieteren on Wednesday reported 3.06 billion euros ($3.30 billion) in first-quarter sales and flagged lower volumes for its auto glass repair business in North America due to milder weather. The group, which distributes Volkswagen, Audi, SEAT, Škoda cars in Belgium, reported combined sales of 3.83 …

Volkswagen distributor D’Ieteren flags softer auto glass repair demand in N America Read More »

BRUSSELS (Reuters) – European Union countries agreed on Thursday to jointly quit an international energy treaty, over concerns that it protects fossil fuel investments and undermines efforts to fight climate change, the Belgian EU presidency said. The 1998 Energy Charter Treaty (ECT) allows energy companies to sue governments over policies that damage their investments. In …

EU agrees to quit energy investment treaty over climate concerns Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google, Amazon and Airbnb won the backing of Europe’s top court on Thursday in their fight against an Italian rule requiring them to provide information on themselves. The dispute between the companies and Italian authorities centered on provisions adopted in 2020 and 2021 mandating online service providers operating …

Google, Amazon win EU court backing in Italian rule dispute Read More »

(Reuters) – Birkenstock raised its annual revenue forecast on Thursday, as the German sandal maker bets on benefits from full-price selling and strong demand for its closed-toe silhouettes and cork-based sandals. Wholesale retailers are still stocking up on in-demand products like Birkenstock despite a wider effort to cut back on inventory due to waning demand …

Birkenstock raises annual revenue forecast on strong footwear demand Read More »

ROME (Reuters) – Italy’s unemployment rate declined to 6.9% in April from a downwardly revised 7.1% the month before, data showed on Thursday, as some 84,000 jobs were created in the month. The April rate was the lowest since December 2008, national statistics bureau ISTAT reported. A Reuters survey of 11 analysts had forecast a …

Italy April jobless rate falls to 6.9%, lowest since 2008 Read More »

By Shubham Batra (Reuters) -European shares recouped early losses to edge higher on Thursday, supported by healthcare stocks, as investors await more economic data from the euro zone that will provide insights in the European Central Bank’s interest rate path. The pan-European STOXX 600 index was up 0.2%, and healthcare led the gains with a …

Europe’s STOXX 600 edges higher with data, rate outlook in focus Read More »

By Curtis Williams (Reuters) -British oil major BP and Trinidad and Tobago’s state energy firm NGC have received a two-year license from the U.S. Treasury Department to negotiate and develop the Cocuina-Manakin gas fields with Venezuela, Trinidad’s energy minister said on Wednesday. Washington last month did not renew a broad license that had allowed Venezuela …

BP, Trinidad’s NGC receive US license for gas development with Venezuela Read More »

By Mike Scarcella (Reuters) – Visa and Mastercard have agreed to pay $197 million to resolve a class action by millions of consumers accusing the financial payment companies of keeping cash access fees artificially high. The plaintiffs’ lawyers revealed the proposed accord on Wednesday in a filing in Washington, D.C., federal court. The settlement involves …

Visa, Mastercard to pay $197 million to settle consumer ATM fee lawsuit Read More »