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UBS signals dividend and buyback plans on track despite regulatory push

(Reuters) -UBS plans to continue increasing cash dividends and making share buybacks even as the bank faces tougher capital requirements from Swiss regulators, Chief Executive Sergio Ermotti said in an interview published on Thursday. Speaking to Italian newspaper Il Sole 24 Ore, Ermotti said the bank’s dividend and buyback strategy was intact. “This will continue, …

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Germany’s Merz opposes EU’s hard cut-off for combustion cars from 2035

By Andreas Rinke and Christian Kraemer BERLIN (Reuters) -Chancellor Friedrich Merz vowed to do everything possible to ensure there is no hard cut-off for carbon dioxide-emitting cars from 2035 in the European Union after meeting with executives from top German automakers on Thursday. “If I have my way, and I will do everything I can …

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Abu Dhabi’s ADQ among potential suitors for Italy’s Catania airport, sources say

By Federico Maccioni and Elvira Pollina DUBAI/MILAN (Reuters) -Abu Dhabi’s sovereign wealth fund ADQ has emerged as a potential suitor in a sale of Catania airport’s operator in Sicily, two sources familiar with the matter said, adding that the fund has expressed preliminary interest in the asset. The sale process has not formally begun, but …

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EA locks and loads ‘Battlefield 6’ to take on ‘Call of Duty’ before going private

By Zaheer Kachwala (Reuters) -Electronic Arts is betting on the latest “Battlefield” title to do what the last one could not – restore the franchise’s reputation and loosen the dominance of “Call of Duty” on the first-person shooter genre. Releasing on Friday, “Battlefield 6” will test the ability of EA’s intellectual property to draw gamers, …

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US sanctions hit Serbia’s Russian-owned oil firm NIS

By Aleksandar Vasovic and Ivana Sekularac BELGRADE (Reuters) -The United States imposed sanctions on Serbia’s Russian-owned oil company NIS on Thursday, prompting neighbouring Croatia to cut crude supplies and raising concerns that the country’s sole refinery may halt operations within weeks.  Without deliveries, the NIS refinery, which supplies most of Serbia’s oil products, including gasoline …

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UK regulator finds no competition issues with Openreach’s fiber offer

(Reuters) -Britain’s telecom and media regulator Ofcom on Thursday said it found no immediate competition concerns with Openreach’s special offer, which allows internet service providers to upgrade customers to high-speed fiber connections at discounted rates. “We do not at this point in time have prima facie concerns that would lead us to decide to investigate …

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Portugal sees stronger growth in budget bill, trims taxes for families, companies

By Sergio Goncalves LISBON (Reuters) -Portugal’s centre-right minority government unveiled its 2026 budget bill on Thursday, forecasting slightly stronger economic growth and a small surplus for the fourth straight year despite new tax cuts for companies and lower-income households. In the last year of the implementation of programmes funded by the European Union pandemic recovery …

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Norwegian state fund invests $20 million in India’s IPO-bound SAEL, document shows

By Sethuraman N R NEW DELHI (Reuters) -Norwegian state-owned fund Norfund has pumped $20 million into India’s SAEL Industries Ltd, taking its total investment to $130 million ahead of the renewable energy firm’s planned initial public offering, according to a document. Norfund has invested the amount through compulsorily convertible preference shares, like the previous transactions, …

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