WASHINGTON, Dec 8 (Reuters) – U.S. President Donald Trump on Monday called a fine imposed on Elon Musk’s social media company X by European Union tech regulators “a nasty one” and said he did not understand how they could justify the move. X was fined 120 million euros ($140 million) by EU tech regulators last …
Trump calls EU fine on X ‘nasty one’, says Europe going in ‘bad directions’ Read More »
MILAN, Dec 8 (Reuters) – The European Central Bank urged Rome on Monday to reconsider a proposed amendment that would say the Bank of Italy’s gold reserves belong to the Italian people, warning the move could jeopardise the central bank’s independence. In a document published on its website, the ECB reiterated its objections to the …
LONDON, Dec 8 (Reuters) – British inflation is likely to return to its 2% target “in the near term” as wage growth and inflation in the services sector look set to slow further, Bank of England policymaker Alan Taylor said on Monday. “We’ve got our foot on the brake a little bit still, but I …
Bank of England’s Taylor expects inflation to fall to target ‘in the near term’ Read More »
Dec 8 (Reuters) – Unilever announced on Monday it will consolidate its shares at a ratio of 8 new shares for 9 existing shares, after it completed the demerger of its ice cream business Magnum. The company completed the demerger of the ice cream unit – whose cold supply chain demands more complex operations than …
Unilever to consolidate shares on 8-for-9 ratio after Magnum demerger Read More »
By Kate Abnett BRUSSELS, Dec 8 (Reuters) – The European Union plans to step up efforts to develop cross-border energy infrastructure, aiming to ease costly bottlenecks and accelerate the construction of new power grids, according to draft documents seen by Reuters. EU countries have invested heavily in low-cost renewable energy, but grid upgrades and expansion …
EU will step in to unblock power grid bottlenecks, draft shows Read More »
By Philip Blenkinsop BRUSSELS, Dec 8 (Reuters) – Carmakers BMW and Toyota and auto rental and leasing firms from across Europe urged the European Commission on Monday not to set mandatory targets for electric vehicle purchases for corporate fleets, arguing it would be cripplingly expensive and counter-productive. The EU executive is set to unveil a …
Carmakers, rental and leasing firms urge EU to avoid mandatory EV fleet targets Read More »
By Alexander Ratz BEIJING, Dec 8 (Reuters) – German Foreign Minister Johann Wadephul appealed on Monday for an end to the uncertainty that has hit vital deliveries of Chinese semiconductors and rare earths to European manufacturers. Wadephul’s first visit to China came at a turbulent time for European industry, whose dependence on Chinese suppliers of …
German foreign minister in China urges end to supply chain uncertainty Read More »
Dec 8 (Reuters) – The main UK stock indexes slipped on Monday as investors geared up for interest rate decisions from the U.S. Federal Reserve and the Bank of England. The blue-chip FTSE 100 closed the session down 0.2%, having traded in a tight range over the past few days. The FTSE 250 index dipped …
By Mathieu Rosemain and Inti Landauro BRUSSELS/PARIS, Dec 8 (Reuters) – BNP Paribas plans to increase its stake in Belgium’s largest insurer Ageas to 22.5% from 14.9%, cementing its position as top anchor investor in a two-leg transaction worth 3 billion euros ($3.5 billion), the companies said on Monday. The deal involves France’s biggest bank …
BNP Paribas increases stake in Belgium’s largest insurer in $3.5 billion deal Read More »
Dec 8 (Reuters) – TotalEnergies said on Monday it would merge its oil and gas assets in the British North Sea with a partnership between Spain’s Repsol and HitecVision. The deal follows a consolidation trend in Britain’s North Sea, after Shell and Equinor’s merger and Ithaca Energy’s purchase of Eni’s assets in the ageing basin where …
In latest UK oil and gas tie-up, Total merges North Sea assets with Repsol’s NEO NEXT Read More »
