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(Reuters) -President Donald Trump’s administration plans to revoke federal approval of Avangrid’s planned New England Wind project off the coast of Massachusetts, according to a court filing on Wednesday. The legal maneuver is the latest move by U.S. authorities to stymie development of offshore wind energy, which Trump has called ugly, expensive, and unreliable. Last …

US plans to revoke approval of another Massachusetts offshore wind farm Read More »

By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators are set to pause their investigation into Abu Dhabi state oil giant ADNOC’s 14.7-billion-euro ($17 billion) bid for German chemicals company Covestro, a person with direct knowledge of the matter said on Wednesday. The temporary halt will give the European Commission more time to gather information …

EU regulators set to pause subsidy probe into ADNOC’s Covestro deal, source says Read More »

By John Revill ZURICH (Reuters) -Nestle staff complained in May about improper favouritism by former CEO Laurent Freixe towards an employee with whom they alleged he was romantically involved, a senior executive said on Wednesday, two days after Freixe was sacked. Freixe was fired due to an undisclosed relationship with a subordinate, exactly a year …

Nestle CEO axed after probe into complaints of favouritism, CFO says Read More »

By Harshita Mary Varghese and Marie Mannes STOCKHOLM (Reuters) -Swedish electric vehicle maker Polestar reported a wider loss for the second quarter on Wednesday, after tariffs and intensifying price pressure led to an impairment charge of its Polestar 3, sending its U.S.-listed shares down 11%. U.S. trade tariffs on global trading partners have hit the …

EV maker Polestar takes tariff hit, reports wider quarterly loss Read More »

By Patricia Weiss, Christoph Steitz and Oliver Denzer FRANKFURT/HAMBURG (Reuters) -Europe’s chemical producers are facing fresh turmoil as U.S. import tariffs disrupt global trade, prompting customers to delay orders and hitting demand in a sector struggling to recover from the region’s 2022 energy crisis. The European Union’s fourth-biggest exporting sector after machinery, automotive and pharmaceuticals, …

Analysis-Trump’s tariffs threaten to choke European chemicals recovery Read More »

By Johann M Cherian and Nikhil Sharma (Reuters) -European shares ended higher on Wednesday, stabilising as investors assessed fiscal challenges after a selloff in longer-dated bonds had sparked risk-off sentiment in the previous session. The continent-wide STOXX 600 index closed 0.65% higher at 546.72 points, boosted by healthcare stocks such as Roche Holdings and AstraZeneca. …

European shares close higher as bond selloff cools Read More »

By Manya Saini and Ananya Palyekar (Reuters) -Aon agreed on Wednesday to sell a majority of NFP’s wealth business to private equity firm Madison Dearborn Partners for $2.7 billion, as it looks to sharpen focus on core insurance brokerage operations. Aon had acquired privately held NFP in April 2024 from Madison Dearborn in a $13 …

Aon signs $2.7 billion deal to divest majority of NFP’s wealth business Read More »