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(Refiles to fix punctuation in paragraph 1) FRANKFURT (Reuters) -Germany’s BASF said on Friday that it was lowering its full-year outlook, citing weaker-than-expected global economic growth and reduced demand for its chemicals due to U.S. tariffs. The Ludwigshafen-based chemical giant had already warned that it was facing high levels of uncertainty from U.S. tariffs and …

BASF cuts 2025 outlook as tariffs weigh on global economy Read More »

By Sukriti Gupta, Sanchayaita Roy and Shashwat Chauhan (Reuters) -European shares closed lower on Friday, as losses in banks and healthcare stocks weighed at the end of a week marred by U.S. President Donald Trump’s tariff announcements, with the European Union also awaiting a letter on levies from Trump. The pan-European STOXX 600 index closed …

European stocks down with bank and healthcare drag, US-EU tariffs in focus Read More »

(Reuters) -The UK’s FTSE 100 eased off record highs on Friday, as investors grew cautious heading into the weekend on concerns about slowing domestic growth and U.S. tariff policies. The exporter-heavy FTSE 100 and the domestically focused FTSE 250 index both dipped 0.4%.  Still, the FTSE 100 logged its biggest weekly percentage gain in two …

FTSE 100 retreats from peak as growth concerns weigh Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Meta Platforms is very unlikely to offer more changes to its pay-or-consent model, meaning it is almost certain to be hit by fresh EU antitrust charges and hefty daily fines, people with direct knowledge of the matter said on Friday. The European Commission last month warned Meta of possible …

Exclusive-Meta won’t tweak pay-or-consent model further despite risk of EU fines, sources say Read More »

By Elizabeth Howcroft PARIS (Reuters) -Europe’s securities regulator warned crypto companies on Friday not to mislead customers about the extent to which their products are regulated – the latest sign of European authorities trying to limit crypto-related risks. The European Union’s crypto regulation, MiCA, includes various measures to protect investors, such as rules around how …

European securities regulator warns about crypto firms misleading customers Read More »

PARIS (Reuters) -European wines may not benefit from preferential treatment in any trade agreement between the EU and the administration of U.S. President Donald Trump, the industry’s main lobby group said on Friday.  “We are deeply concerned about the potential exclusion of wine from the list of sensitive goods included in the deal package,” said …

European wine may be left out of trade deal with U.S., lobby group says  Read More »

By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy’s Economy Minister Giancarlo Giorgetti on Friday criticised the country’s banks for their focus on wealth management amid worrying signs of a contraction in lending to firms, and their poor investments in digital technologies. Addressing bankers gathered in Milan for the annual meeting of industry lobby ABI, …

Italy Finance Minister urges banks to do more on lending, IT investment Read More »