Reuters UK Business

By Leo Marchandon, Inti Landauro and Gleb Bryanski PARIS/MOSCOW, Dec 12 – The administrator of Google’s defunct Russian business has obtained a temporary freeze on some 110 million euros ($129 million) of the Alphabet-owned company’s assets in France, official orders seen by Reuters show. The move represents a rare attempt by Russian authorities to use …

Google faces $129 million French asset freeze after Russian ruling, documents show Read More »

Dec 12 (Reuters) – London’s FTSE 100 fell on Friday, as a sell-off on Wall Street fuelled by AI angst spoiled the mood across European markets. The blue-chip FTSE 100 dipped 0.6%, retreating from gains of as much as 0.6%. The mid-cap FTSE 250 index edged up 0.1%, also pulling back from early highs. Both …

FTSE 100 closes lower as Wall St mood sours Read More »

By Tilman Blasshofer and Timm Reichert HEIDELBERG, Germany, Dec 12 (Reuters) – The European Commission will move to scrap plans for an effective ban on new combustion engine cars from 2035, a senior EU lawmaker said on Friday, in what would be a major victory for Germany which has been pressing to protect its automakers. …

EU to scrap planned ban on combustion engines, EPP’s Weber says Read More »

By Marie Mannes STOCKHOLM, Dec 12 (Reuters) – A Volvo Cars executive said on Friday he hoped the European Commission would resist pressure to scrap an effective ban on combustion engine car sales, saying the Swedish automaker was “ready to go” with electric alternatives. Germany, Italy and their manufacturers have been lobbying Brussels to at …

Volvo Cars urges EU to resist pressure to scrap fossil-fuel autos ban Read More »

By Joan Faus MARTORELL, Spain, Dec 12 (Reuters) – The European Commission’s expected decision to reverse its ban on selling new cars with combustion engines from 2035 could help Spanish automaker SEAT, a unit of Volkswagen, transition to electric vehicles, its CEO told Reuters on Friday. Markus Haupt said that while the company was convinced …

SEAT says EU’s rethink on 2035 combustion-engine ban could help EV transition Read More »

ZURICH, Dec 12 (Reuters) – Swiss lawmakers have floated a compromise on new capital rules for UBS to try to ensure it remains internationally competitive, sending the bank’s shares to their highest since 2008. The Swiss government has proposed that UBS, Switzerland’s sole remaining global bank since it bought ailing Credit Suisse in 2023, should …

UBS shares hit 17 year-high as Swiss lawmakers pitch capital compromise Read More »