Reuters UK Business

By Robert Harvey and Enes Tunagur LONDON (Reuters) -European oil refineries are having to invest in energy transition projects as modern and more complex competitors in Asia, the Middle East and Africa have prompted plant closures in Europe, refining industry executives said on Wednesday. “I suppose we’re all in a last man standing game to …

European oil refineries bet on green projects to secure long-term future Read More »

By Francesca Landini and Giancarlo Navach MILAN (Reuters) -Italy awarded all 10 gigawatt hours of the capacity it tendered in its first battery storage auction, recording an average price well below the cap set by the regulator, the CEO of grid operator Terna said on Wednesday. The auction is a milestone in the country’s push …

Italy awards all battery storage in first auction, Enel wins half Read More »

(Reuters) -Swedish self-driving truck startup Einride has raised around $100 million in the latest funding round from investors, including asset management firm EQT Ventures and quantum computing company IonQ, at an undisclosed valuation. The company on Wednesday said the capital will allow it to scale the deployment of its autonomous freight trucks, further technology development …

Self-driving truck company Einride raises $100 million Read More »

ROME (Reuters) -Sales of new cars in Italy rose in September after four months of decline, increasing by 4.07% year-on-year, Italian transport ministry data showed on Wednesday. Total sales for the month stood at 126,679 vehicles. In the first nine months of the year, however, new car sales were down 2.9% year-on-year to 1.17 million …

Italy’s new car sales up by 4.1% y/y in September Read More »

ROME (Reuters) -Tesla’s new car registrations in Italy fell for a fifth month in a row in September, posting a 25.6% year-on-year drop, data from the Italian transport ministry showed on Wednesday. The U.S. electric vehicles maker sold 1,450 cars in Italy last month, accounting for a market share of around 1.1%. In the January-September …

Tesla’s new car sales in Italy down 25.6% in September Read More »

FRANKFURT (Reuters) -Continental AG expects a “high double-digit million-euro” hit from U.S. tariffs in the second half of 2025, it said on Wednesday, adding this already factored in a retroactive cut to 15% as of August. The German automotive supplier, in a summary of a regular call with analysts and investors ahead of quarterly results, …

Continental AG expects ‘high double-digit million euro’ tariff hit in second half Read More »