By Christoph Steitz and Tom Käckenhoff ESSEN, Germany, Dec 9 (Reuters) – Thyssenkrupp expects to swing to a net loss of up to 800 million euros ($931 million) in 2026, blaming restructuring provisions at its steel unit, which the German conglomerate is trying to sell to India’s Jindal Steel International. Shares fell as much as …
Thyssenkrupp warns of deep net loss in 2026 on steel restructuring costs Read More »
MANCHESTER, England, Dec 9 (Reuters) – Fraudulent claims for taxpayer funds during the COVID-19 pandemic cost Britain’s public finances 10.9 billion pounds ($14.5 billion), the government said on Tuesday, citing the findings of a new independent report. The report from the COVID Counter Fraud Commissioner showed many schemes like Bounce Back Loans and Eat Out …
COVID fraud inflicts 11 billion pound hit to UK public finances, report shows Read More »
By Mathieu Rosemain PARIS, Dec 9 (Reuters) – Facebook-owner Meta holds at least a 3% stake in EssilorLuxottica, a board director at the European firm behind Ray-Ban glasses said on Tuesday. The Meta stake has previously been reported from sources but not confirmed by either firm. The pair are working closely together on Ray-Ban Meta …
EssilorLuxottica director says Meta’s stake in Ray-Ban maker ‘at least 3%’ Read More »
Dec 9 (Reuters) – BMW said on Tuesday that long-time company insider Milan Nedeljković would become its CEO from May 14, 2026. Nedeljković takes the reins at a time when the German carmaker struggles against a difficult market environment, with high U.S. tariffs and Chinese competition complicating the shift to new, electric models. Here are …
By Nerijus Adomaitis OSLO, Dec 9 (Reuters) – Russia’s Lukoil has until December 13 to negotiate the sale of the bulk of its international assets after the U.S. imposed sanctions on the company and rejected its initial buyer, Swiss commodity trader Gunvor. Lukoil’s international assets, spanning upstream oil and gas projects, refining, and more than …
Factbox-Lukoil’s international assets and potential buyers Read More »
By Foo Yun Chee and Louise Rasmussen BRUSSELS, Dec 9 (Reuters) – Alphabet’s Google faces an EU antitrust investigation into its use of publishers’ online content and YouTube videos to train its artificial intelligence models. The European Commission’s second investigation into Google in less than a month underscores growing unease over Big Tech’s dominance in …
Google faces EU antitrust investigation over AI Overviews, YouTube Read More »
By Rene Wagner and Maria Martinez BERLIN, Dec 9 (Reuters) – Germany’s economy is set for a calendar-related boost in 2026, as a slight increase in the number of working days is projected to boost growth by about a third, in a welcome development after two years of contraction. Germans face a longer working year …
Germany’s 2026 economic growth to get boost from extra working days Read More »
PARIS, Dec 9 (Reuters) – France has entered a period of electricity overcapacity due to flagging industrial use and growing renewable and nuclear output, grid operator RTE said on Tuesday, calling for Europe-level action to boost electrification. Power prices in France have fallen to their lowest since mid 2018 after rocketing during the 2022 energy …
French power supply outpacing demand as electrification lags, grid operator says Read More »
Dec 9 (Reuters) – Ryanair said on Tuesday it would cut 1 million seats and 20 routes from its Brussels 2026/27 winter schedule over Belgium’s decision to raise tax on air passenger tickets to 10 euros ($11.64) from 2027. Belgium’s tax increase comes as Germany reversed course on its own aviation levies after carriers, including …
Ryanair to cut Brussels winter schedule over Belgium ticket tax hike Read More »
By Mrinmay Dey and Kate Abnett Dec 9 (Reuters) – The European Union reached a deal on Tuesday to scale back its corporate sustainability laws, after months of pressure from companies and governments including the United States and Qatar. The changes agreed by EU governments and the European Parliament would weaken such rules for a …
EU strikes deal to weaken corporate sustainability laws Read More »
