By Kate Abnett and Julia Payne STRASBOURG (Reuters) – The European Union is considering a faster phase-out of Russian fossil fuels as part of new sanctions against Moscow, European Commission chief Ursula von der Leyen said on Wednesday after U.S. pressure on Europe to stop buying Russian oil. A ban on seaborne Russian crude oil …
EU considers faster Russian oil and gas exit after US pressure Read More »
MILAN (Reuters) -U.S. Energy Secretary Chris Wright said President Donald Trump’s priority is to bring the Russia-Ukraine war to an end, without larger disruptions, when asked how the U.S. would react to Chinese purchases of sanctioned Russian LNG cargoes. “President Trump’s single greatest goal is prosperity in America and peace abroad,” Wright said in a …
By Maria Martinez and Christian Kraemer BERLIN (Reuters) – Germany’s cabinet on Wednesday agreed a draft law to improve financial conditions for small businesses and startups, as well as a tax break for commuters and restaurants. More capital was also to be directed into infrastructure projects and renewable energy, the draft law seen by Reuters …
German cabinet agrees draft law to boost startups Read More »
By Jan Strupczewski STRASBOURG, France (Reuters) – The European Union should find a new way to finance Ukraine’s defence against Russia using the cash balances associated with Russian assets frozen in Europe, the head of the European Commission Ursula von der Leyen said on Wednesday. She said the capital of the assets themselves would not …
EU executive floats idea of reparations loan for Ukraine, based on frozen Russian assets Read More »
By Rachel More MUNICH (Reuters) -Introducing a minimum requirement for European content in cars sold in the EU is vital for keeping the region’s auto sector competitive, Christophe Perillat, chief executive of French car parts supplier Valeo, said on Wednesday. The European Commission is in talks with carmakers and their suppliers on ways to secure …
Valeo CEO backs minimum EU content in cars to aid region’s competitiveness Read More »
WASHINGTON (Reuters) -Wall Street’s top regulator on Wednesday criticized two recent European laws on companies’ disclosures of their environmental, social and governance impacts, underscoring the shift in U.S. financial regulation since President Donald Trump took office. In an address to an event held in Paris by the Organization for Economic Cooperation and Development, Paul Atkins, …
Wall Street regulator says it has concerns over European ESG rules Read More »
By Alexander Marrow and Lisa Jucca LONDON (Reuters) – Magnum dismissed talk of selling Ben & Jerry’s on Wednesday and said its focus was on reclaiming market share and growing sales as Unilever’s spin-off of the Magnum Ice Cream Company approaches. Unilever expects the ice cream business, which includes brands such as Magnum, Ben & …
Magnum CEO dismisses Ben & Jerry’s sale talk as listing nears Read More »
DUBLIN (Reuters) -Ireland will bring forward proposals to set a higher bar for people to challenge planning decisions in the courts, particularly for major infrastructure projects, Prime Minister Micheal Martin said on Wednesday. WHY IT’S IMPORTANT The government pledged in July to channel a multinational-driven corporate tax boom into boosting public infrastructure spending by 30% …
Ireland to set a higher bar for legal challenges to infrastructure projects Read More »
By Anshuman Tripathy (Reuters) – Joby Aviation said on Wednesday that it planned to bring Blade’s helicopter and seaplane services to the Uber app as soon as next year. Shares of the Santa Cruz, California-based air taxi maker rose more than 8.5% in premarket trade. Joby acquired Blade Air Mobility’s passenger business in August for …
Joby to bring helicopter and seaplane rides to Uber app as soon as 2026 Read More »
(Reuters) – Britain’s Starling Bank is preparing a secondary share sale that could value the digital lender at up to 4 billion pounds ($5.42 billion), the Financial Times reported on Wednesday, citing people familiar with the matter. The company is said to have approached investment banks, including Morgan Stanley and Rothschild, to run the sale …
UK’s Starling Bank eyes $5.4 billion valuation in secondary share sale, FT reports Read More »
