By Kate Abnett BRUSSELS (Reuters) – European Union countries will consider on Friday a proposal for a gas price cap slightly lower than a Brussels proposal that some view as too high, with a handful of countries pushing for an even lower limit, documents seen by Reuters showed. European Union countries start negotiations on Friday …
EU countries to consider lower gas price cap – documents Read More »
(Reuters) – European shares looked set to notch their seventh straight week of gains amid easing worries of global monetary policy tightening despite a dip on Friday ahead of U.S jobs data. The pan-European STOXX 600 index fell 0.5% after two days of strong gains. Investors looked ahead to U.S. jobs data, which will feed …
European shares on course for seventh week of gains; U.S. jobs data eyed Read More »
By Foo Yun Chee BRUSSELS (Reuters) -The U.S. Chamber of Commerce and 12 other groups on Thursday warned the European Union against adopting rules that could exclude Amazon, Alphabet unit Google, Microsoft and other non-EU cloud services providers from the European market. The Chamber, the National Foreign Trade Council, the Japan Association of New Economy, …
By Jan Schwartz BERLIN (Reuters) -Volkswagen has begun searching for a site for the German carmaker’s first battery cell factory in North America, its CEO announced on Thursday. Confirming an earlier Reuters story, Volkswagen CEO Oliver Blume and Canadian industry minister Francois-Philippe Champagne signed an addendum to their existing memorandum of understanding from August, agreeing …
VW confirms looking in Canada to build first North America cell plant Read More »
By Michel Rose, Jeff Mason and Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Joe Biden said that new laws that give incentives for domestic production of computer chips and renewable energy parts were never intended to exclude European allies and could be tweaked. Speaking with French President Emmanuel Macron at a joint press conference at …
Biden says can ‘tweak’ inflation act to include European countries Read More »
NEW YORK (Reuters) – World Bank President David Malpass on Thursday said the expected cost for rebuilding Ukraine will go up “quite a bit” from the roughly $350 billion estimated earlier this year, given Russia’s targeting of Ukraine’s electricity grid and other infrastructure. He told the Reuters NEXT conference that he did not detect any …
World Bank’s Malpass: Bill for rebuilding Ukraine rising, not detecting donor fatigue Read More »
(Reuters) -Hedge fund Muddy Waters repeated its stance that Uruguayan payments firm dLocal’s <DLO.O> books showed numerous discrepancies, adding in a note Thursday it was “more convinced than before” that dLocal had used client funds to pay a special dividend to its shareholders from before its initial public offering (IPO). Since the allegations from Muddy …
Muddy Waters doubles down on allegations of dLocal balance sheet discrepancies Read More »
(Reuters) – LVMH’s Moët Hennessy and Italy’s Campari have taken full ownership of online wines and spirits company Tannico via their joint venture and plan to expand it further, the two companies said in a statement on Thursday. Italian drinks group Campari clinched an initial deal in 2020 to buy 49% of Tannico to give …
Campari, LVMH’s Moët Hennessy buy 100% of Tannico Read More »
By Joanna Plucinska and Caroline Pailliez LONDON (Reuters) – British airline easyJet is expected to respond to demands for higher pay from French unions by early next week at the latest, a union representative said on Thursday. The pay talks come as Europe braces for strikes affecting airlines ahead of its busiest Christmas travel seasons …
EasyJet in talks with French unions to avert strike action Read More »
By Jan Strupczewski and Kate Abnett BRUSSELS (Reuters) -European Union governments tentatively agreed on Thursday on a $60 a barrel price cap on Russian seaborne oil – an idea of the Group of Seven (G7) nations – with an adjustment mechanism to keep the cap at 5% below the market price, according to diplomats and …
EU tentatively agrees $60 price cap on Russian seaborne oil Read More »
