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PRAGUE (Reuters) -EP Infrastructure (EPIF), majority owned by Czech billionaire Daniel Kretinsky’s EPH energy group, reported a 27% year-on-year fall in first-half adjusted EBITDA, to 524 million euros, hit by a decline in transit through Slovakia after Russian gas flows via Ukraine were stopped at the start of the year. Adjusted earnings before interest, tax, …

Slovak gas pipeline operator’s owner posts H1 earnings drop after gas flows halted Read More »

BRUSSELS (Reuters) -U.S. tariffs of 15% on imports from the European Union still allow trade with the United States to flow and what is important is not the rate itself but the level compared with competitors, a senior European Commission trade official said on Wednesday. “There is a level … where a tariff becomes prohibitive …

At 15% US tariffs, EU says its trade still flows Read More »

FRANKFURT (Reuters) -Volkswagen on Wednesday said it would use the Polo brand name for its planned compact hatchback electric vehicle, previously dubbed ID.2, a key model in the carmaker’s efforts to stave off Chinese competition. The ID.Polo, expected to be priced below 25,000 euros ($29,267) in its no-frills version, will be presented at the IAA …

Volkswagen draws on Polo brand name for affordable hatchback EV Read More »

ROME (Reuters) -Italy’s Economy Minister Giancarlo Giorgetti met leaders of his co-ruling League party on Wednesday to discuss ways to garner money from banks to help fund expansionary measures in the government’s 2026 budget, a League statement said. The move piles pressure on the banking sector, which has been criticised by Prime Minister Giorgia Meloni’s …

Italy Finance Minister and his League party discuss how banks should help public finances Read More »

LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Wednesday he was “very concerned” about threats to the U.S. Federal Reserve’s independence, describing it as a “very serious” issue. Bailey was appearing before parliament’s Treasury Committee when he was asked for his views on the pressure being applied by U.S. President Donald Trump on …

BoE’s Bailey ‘very concerned’ about threats to US Fed independence Read More »

LONDON (Reuters) -Bank of England policymaker Alan Taylor said on Wednesday the British economy was getting closer to a “soft landing”, but that monetary policy would need to be carefully assessed in the coming months as it was at a “fragile” moment. “Despite being buffeted by new shocks, we are getting closer to that soft …

BoE’s Taylor says UK economy getting closer to ‘soft landing’ Read More »

By Gleb Stolyarov (Reuters) -New car sales in Russia fell by 17.6% year-on-year in August, accelerating from July’s 11.4% decline, data showed on Wednesday, as lower interest rates failed to revive the market. The Russian central bank cut its key interest rate by a total of 300 basis points in June and July to 18%, …

Russia’s car market struggles to recover as sales decline deepens in August Read More »