BRUSSELS, Dec 18 (Reuters) – The European Union on Thursday imposed sanctions on 41 more ships in Russia’s shadow fleet, taking the total of designated vessels to almost 600. The ships are now banned from entering EU ports and can no longer receive a broad range of services related to maritime transport, the EU Council …
EU targets 41 additional vessels in Russia’s shadow fleet Read More »
By Jan Lopatka and Jason Hovet PRAGUE, Dec 18 (Reuters) – The European Union must rethink its climate aims or risk losing out to China and the United States, new Czech Industry Minister Karel Havlicek said as he called on allies to halt the bloc’s next-generation emissions trading scheme. The Czech Republic’s new government took …
EU risks losing out to China and US with climate aims, new Czech minister says Read More »
(Corrects typo in paragraph 2) Dec 18 (Reuters) – German footwear brand Birkenstock beat Wall Street expectations for fourth-quarter revenue on Thursday, fueled by strong demand for its sandals and clogs among affluent shoppers ahead of the crucial holiday season. The company posted quarterly revenue of 526.3 million euros ($616.88 million), compared with analysts’ average …
Birkenstock beats quarterly revenue expectations Read More »
By Kate Abnett and Susanna Twidale BRUSSELS, Dec 18 (Reuters) – The European Union will not exempt Britain from its CO2 emissions fee on imported goods, including steel and cement, until the two sides link their carbon markets, the bloc’s climate chief said. British industries had hoped to get a temporary exemption from the EU’s …
EU rules out UK exemption from carbon border levy until markets link Read More »
By Emilio Parodi MILAN, Dec 18 (Reuters) – The European Public Prosecutor’s Office (EPPO) has requested the dropping of a case against Webuild CEO Pietro Salini and three other people over alleged misappropriation of public funds, judicial documents showed on Thursday. The investigation centred on a contract, estimated to be worth 1.3 billion euros ($1.5 …
EU prosecutors request dropping of Genoa dam case against Italian Webuild CEO Read More »
Dec 18 (Reuters) – BP has named Meg O’Neill, chief executive of Australia’s Woodside Energy, as its next CEO, signalling a renewed push to boost returns and double down on oil and gas after retreating from an ambitious renewables strategy. O’Neill, who will take over in April following the abrupt exit of Murray Auchincloss, becomes …
BP names Meg O’Neill CEO after sudden Auchincloss exit Read More »
BRUSSELS, Dec 18 (Reuters) – France is not ready to sign a EU trade deal with the Mercosur group of Latin American countries, French President Emmanuel Macron reiterated ahead of a EU summit in Brussels on Thursday, adding more work needed to be done on reciprocity and controls on products. “We believe that the figures …
France not ready to sign Mercosur deal, Macron reaffirms Read More »
ZURICH, Dec 18 (Reuters) – Swiss pharma giants Novartis and Roche on Thursday backed U.S. efforts to lower the cost of drugs and are working with the Trump administration towards that goal following a report they are close to a pricing deal. U.S. President Donald Trump in July sent letters to 17 drugmakers urging them …
Novartis, Roche back US efforts to lower drug costs amid talk of pricing deal Read More »
BERLIN, Dec 18 (Reuters) – Mercedes-Benz said on Thursday it is on target to reduce costs by 5 billion euros ($5.9 billion) by the end of 2027, denying a media report that the goal for its efficiency programme had been brought forward by a year. “The programme is going according to plan,” a spokesperson told …
Mercedes savings drive proceeding as planned by end 2027, spokesperson says Read More »
LONDON, Dec 18 (Reuters) – British consumer confidence and spending is muted heading into Christmas and the government’s budget last month did little to help, the boss of electricals retailer Currys said on Thursday. “What we’re concerned about is consumers’ already high tax burden has increased further (in the budget) and that will weigh down …
UK consumer spending and confidence is muted, says Currys boss Read More »
