Reuters UK Business

By Kate Abnett BRUSSELS (Reuters) -The European Union reached a deal in the early hours of Wednesday on a law to increase the price that airlines have to pay when they emit planet-heating carbon dioxide emissions, adding pressure to the sector to shift away from fossil fuels. Airlines running flights within Europe currently have to …

EU agrees law to make airlines pay more to pollute Read More »

PARIS (Reuters) -A French environmental campaign group filed a complaint against Apple Inc. over commercial practices restricting the use of spare parts for repairs, it said on Wednesday. “In many of the cases documented in the complaint, malfunctions are found in cases where the device is repaired with a part, even an identical and original …

French environmentalists file complaint against Apple for wasteful practices Read More »

LONDON (Reuters) -British trade union the RMT on Wednesday said planned strikes by tens of thousands of railway workers later this month and in early January would go ahead as scheduled after being informed that no new pay offer would be made. More than 40,000 railway workers are due to walk out on Dec. 13-14, …

UK rail strikes to go ahead as scheduled – trade union Read More »

LONDON/PARIS (Reuters) – Shares of GSK and Sanofi surged in early trading on Wednesday, following the dismissal of thousands of U.S. lawsuits claiming that the heartburn drug Zantac caused cancer. The ruling on Tuesday by U.S. District Judge Robin Rosenberg in West Palm Beach, Florida, knocked out about 50,000 claims in federal court, although it …

GSK, Sanofi shares brighten as thousands of Zantac lawsuits are dismissed Read More »

(Reuters) – UK’s export-oriented FTSE 100 rose on Wednesday, helped by the healthcare sector that was boosted by drugmaker GSK after it avoided U.S. lawsuits over its heartburn drug Zantac. The blue-chip FTSE 100 rose 0.3% by 0818 GMT, while the mid-cap FTSE 250 was flat. The pharmaceutical sector rose 4.2%, largely due to an …

UK’s FTSE edges higher boosted by healthcare sector Read More »

By Vladimir Soldatkin MOSCOW (Reuters) -Russian largest oil producer Rosneft said on Wednesday its nine-month profit was hit by the transfer of assets in Germany which took control of a major Russia-owned oil refinery. The company also said it boosted oil sales to Asia amid growing rift with Europe over what Moscow calls a “special …

Russia’s Rosneft says net income hit by assets transfer in Germany Read More »

(Reuters) – Madrid-based restaurant operator AmRest said on Tuesday it agreed to sell its KFC restaurant business in Russia for at least 100 million euros ($104.48 million) to Russian restaurant and entertainment company Almira. AmRest follows hundreds of Western companies which have either withdrawn, sold or closed down operations in Russia since the invasion of …

AmRest sells its KFC restaurant business in Russia for 100 million eur Read More »

By Howard Schneider, Balazs Koranyi and Mark John WASHINGTON (Reuters) – Thomas Barkin, Richmond Federal Reserve President, was poring over the latest inflation-related data one morning this June after breakfast with bank interns when he saw an alarming sign. Prices had surged in May, after a slight drop in April that had raised hopes that …

Inflation miss puts central bankers on back foot Read More »