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Eni and five other oil companies fined by Italian competition watchdog

26 Sep 2025

By Gavin Jones ROME (Reuters) -Italy’s antitrust regulator has fined energy group Eni and five other oil companies operating in the country for practices restricting fair competition in the sale of motor fuel, the watchdog said on Friday. The regulator said that fines totalling more than 936 million euros ($1.1 billion) had been levied against …

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Russia plans partial diesel export ban till year-end, little impact seen, traders say

26 Sep 2025

MOSCOW (Reuters) -Russia is set to introduce a partial ban on diesel exports until the end of the year to tackle shortages following a spate of Ukrainian drone attacks on Russian refineries but traders said they expected the measure to have little impact on fuel flows. Russia’s restrictions will only be applied to exporters who …

Russia plans partial diesel export ban till year-end, little impact seen, traders say Read More »

Daimler Truck, Traton shares fall on Trump’s truck tariffs

26 Sep 2025

FRANKFURT/BERLIN/STOCKHOLM (Reuters) -Shares in Germany’s Daimler Truck and Traton fell on Friday after U.S. President Donald Trump announced tariffs on heavy-duty trucks, adding to trade tensions that have hit the automotive sector hard. Together with a barrage of tariffs in other sectors, including on pharmaceuticals, Trump said on Thursday the U.S. would impose duties of …

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Germany’s Merz criticises US’ fundamental shift from following rules

26 Sep 2025

BERLIN (Reuters) -German Chancellor Friedrich Merz criticised the United States on Friday for no longer following the rules, part of what he called a fundamental shift in Europe’s transatlantic partner. “Rules are no longer being observed, parliamentary democracy is under pressure, freedom of expression is being questioned, and the independence of the judiciary is being …

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French billionaire Sterin part of group buying right-wing magazine Valeurs Actuelles

26 Sep 2025

By Sudip Kar-Gupta PARIS (Reuters) -Pierre-Edouard Sterin, a conservative French billionaire looking to build up a media presence, is part of a consortium that has agreed to buy right-wing magazine Valeurs Actuelles, the parties involved in the deal said on Friday. The move highlights the jostling for influence in French politics ahead of the 2027 …

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Shares in ‘Cashmere King’ Brunello Cucinelli fall for second day after short-seller report

26 Sep 2025

By Elisa Anzolin and Tassilo Hummel MILAN (Reuters) -Shares in luxury cashmere brand Brunello Cucinelli fell for a second day after a short-seller accused the company of misleading investors about its Russian business, an allegation the company denies. The report raised questions about the Italian brand’s continued operations in Russia despite EU sanctions on luxury …

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Poland to cut EU Recovery plan loans by $5.9 billion, minister says

26 Sep 2025

WARSAW (Reuters) -Poland will cut the amount of money it takes in cheap loans from the European Union’s post COVID-19 Recovery and Resilience Facility by 21.5 billion zlotys ($5.87 billion), the Funds and Regional Policy Minister said on Friday. Warsaw is grappling to bring its finances in check after two ratings agencies lowered Poland’s outlook to …

Poland to cut EU Recovery plan loans by $5.9 billion, minister says Read More »

Lockheed Martin targets European market for Thaad missile defence

26 Sep 2025

BERLIN (Reuters) -U.S. defence contractor Lockheed Martin is seeking to market its Thaad missile defence system to European buyers, the company told German newspaper Handelsblatt, as governments across the continent accelerate military spending in response to Russian threats. In an interview published on Friday, the president of Lockheed Martin International, Michael Williamson, said the group …

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Orlen agrees for Poczta Polska to take stake in courier unit

26 Sep 2025

GDANSK (Reuters) -Polish state-controlled refiner Orlen on Friday signed an agreement to enable state-owned postal service Poczta Polska to invest in its courier arm and potentially take over the unit in the future. Under the preliminary agreement, Poczta Polska will initially acquire a minority stake in Orlen Paczka and will have an option to eventually …

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