Reuters UK Business

ZURICH, Dec 10 (Reuters) – The lowering of U.S. tariffs on Switzerland to 15% from 39% will be effective retroactively from November 14, the Swiss government said on Wednesday, delivering relief to businesses that had been saddled with the highest U.S. duties in Europe. On November 14, the United States and Switzerland sealed a preliminary …

Switzerland says lower US tariffs to be applied retroactively from November 14 Read More »

By Simon Jessop and Kate Abnett LONDON, Dec 10 (Reuters) – A reduction in scope of the European Union’s sustainability disclosure rules may cut red tape for businesses but investors say less transparency will make it harder to identify which companies are genuinely moving toward low-carbon operations. After months of pressure from companies and governments, …

Analysis-EU sustainability cutbacks make low-carbon leaders harder to spot Read More »

By Francois Murphy INNSBRUCK, Austria, Dec 10 (Reuters) – Austrian ex-property tycoon Rene Benko was found guilty of insolvency fraud on Wednesday for hiding valuables from creditors, including two luxury watches and cuff links found in a safe, his second conviction on that charge. The case stems from a sweeping investigation into crimes that prosecutors …

Austrian ex-tycoon Benko found guilty of hiding luxury watches from creditors Read More »

By Stephanie Kelly, Marwa Rashad and Curtis Williams LONDON, Dec 10 (Reuters) – Venture Global submitted its response late on Tuesday to a legal challenge from Shell over the oil major’s defeat in an arbitration case concerning liquefied natural gas cargoes, rejecting allegations of fraud and accusing Shell of breaching arbitration confidentiality. The legal documents …

Venture Global hits back at Shell’s fraud claims in LNG arbitration battle Read More »

By Emilio Parodi MILAN, Dec 10 (Reuters) – Amazon has agreed with Italy’s tax collection agency to pay 510 million euros ($582 million) to settle a tax dispute, two sources close to the matter said on Wednesday, in one of a number of cases involving the company in Italy. However, in an unusual development, Milan’s …

Amazon to pay more than $580 million to settle tax probe in Italy Read More »

By Foo Yun Chee BRUSSELS, Dec 10 (Reuters) – BlackRock and MSC’s bid for CK Hutchison’s terminal at Barcelona port could lead to higher prices or reduce the quality of container terminal services, EU antitrust regulators warned on Wednesday, as they opened a full-scale investigation. The EU’s move could require the pair to offer concessions to …

MSC, BlackRock’s bid for Hutchison’s Barcelona terminal may push up prices, EU says Read More »