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French court penalizes TotalEnergies for deceptive greenwashing claims

23 Oct 2025

By America Hernandez PARIS (Reuters) -Oil major TotalEnergies misled consumers in a 2021 ad campaign claiming it could become carbon neutral by 2050, a French civil court found on Thursday, in the first decision applying France’s greenwashing law to an energy company. The court ordered TotalEnergies to remove from its website all statements regarding carbon …

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Oil futures return to structure signalling tight supply on Russia sanctions

23 Oct 2025

By Seher Dareen LONDON (Reuters) -The prompt Brent crude futures contract on Thursday returned to trading at a premium to the six-month contract after new U.S. sanctions on Russia revived concern of a tight market in the near term, erasing earlier signs of a fear of a glut.  The first-month Brent contract is now trading …

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Italy’s Fincantieri launches underwater drone for defending submarine infrastructure

23 Oct 2025

By Giulia Segreti ROME (Reuters) -Italian shipbuilder Fincantieri on Thursday unveiled its first underwater drone system, as the group changes its product mix to give more space to the increasingly profitable submarine business.  The underwater drone, for both military and civil needs, is designed for the protection and maintenance of critical underwater infrastructure – such …

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Accor lifts profit outlook, plans buyback after narrow Q3 miss

23 Oct 2025

By Mateusz Rabiega (Reuters) -Europe’s biggest hotel group Accor upgraded its core profit guidance on Thursday and said that it planned to buy back shares worth 100 million euros ($117 million) in the fourth quarter. However, the operator of brands including Ibis and Novotel reported quarterly revenues which narrowly missed market expectations after its results …

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Prada says ‘worst is over’ in China but heady growth unlikely to return

23 Oct 2025

By Elisa Anzolin MILAN (Reuters) -Italy’s fashion house Prada said on Thursday the worst of China’s downturn was over, easing pressure on the luxury sector, though it warned the glory days of the last decade were unlikely to return. Prada, which agreed to buy Versace earlier this year, reported a 9% increase in net revenue …

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Some UK bond market players look under-prepared for crisis, BoE policymaker warns

23 Oct 2025

By David Milliken LONDON (Reuters) -Some businesses that operate in the British government bond market have made only limited preparations for a future crisis, potentially increasing the need for a bailout, Bank of England policymaker Jonathan Hall warned on Thursday. Hall, an external member of the BoE’s Financial Policy Committee and former fund manager and …

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Italy’s film industry warns of damage from government funding cut

23 Oct 2025

By Francesca Piscioneri ROME (Reuters) -Italy’s film industry, renowned for past masters such as Federico Fellini and more recently for Paolo Sorrentino’s Oscar-winning “The Great Beauty”, says its future is under threat from planned government cuts.   Rome’s draft 2026 budget presented last week by Prime Minister Giorgia Meloni’s right-wing government slashes 150 million euros ($175 …

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