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ZURICH (Reuters) -A New York court has dismissed a civil lawsuit brought by holders of Credit Suisse Additional Tier 1 (AT1) debt who were seeking damages of $370 million from Switzerland, the Swiss Finance Ministry said on Wednesday. The lawsuit was filed in June last year in connection with the writedown of Credit Suisse’s AT1 …

U.S. court rejects $370 million AT1 suit against Switzerland, Swiss government says Read More »

By Julia Payne BRUSSELS (Reuters) -The European Commission will propose cutting steel import quotas by nearly half and hiking duties on volumes above those levels to 50% in line with tariffs imposed by the U.S. and Canada, two sources briefed on details told Reuters on Wednesday. The measures will be part of a new package …

EU to cut steel import quotas, hike tariffs to 50% Read More »

By Miranda Murray BERLIN (Reuters) -German Chancellor Friedrich Merz vowed on Wednesday to make Europe’s biggest economy competitive again after the cabinet approved measures aimed at reducing bureaucracy and making it quicker and easier to do business through AI and digitisation. “We are of course aware of the problems facing the German economy at the …

German government looks to AI and cutting red tape to revive economy Read More »

By Forrest Crellin PARIS (Reuters) -Dunkirk LNG terminal operator Fluxys on Wednesday declared force majeure at the site until the early hours of October 3, as delivery capacity is expected to be affected for two days by a national trade union strike in France. The Dunkirk LNG terminal is the second largest in continental Europe …

Fluxys declares force majeure at Dunkirk LNG hub due to strike by French workers Read More »

By Juveria Tabassum and Nicholas P. Brown (Reuters) -Nike on Tuesday reported a surprise rise in first-quarter revenue and beat profit expectations as the storied sportswear brand’s turnaround effort gained traction despite weakness in China and tariffs pressuring margins. Shares rose 3.4% in choppy extended trading as the company also managed to clear some of …

Nike turnaround takes root, CEO warns of more work ahead as China lags  Read More »

By Alban Kacher PARIS (Reuters) -TotalEnergies on Wednesday said it agreed to sell its interests in several mature oil fields off Norway, the latest step in a broader divestment strategy aimed at cutting debt. The transaction is expected to close in the fourth quarter of this year, the French oil major said. The company is …

TotalEnergies to sell Norwegian oil assets to Vaar Energi in push to cut debt Read More »