Reuters UK Business

(Refiles to remove extraneous word in final paragraph) By Julia Payne and John Irish BRUSSELS/PARIS (Reuters) -The European Commission is expected to propose a floating Russian oil price cap this week as part of a new draft sanctions package in an attempt to overcome opposition from some member states, four EU diplomats said. The Commission …

European Commission to propose floating Russian oil price cap Read More »

By Foo Yun Chee BRUSSELS (Reuters) -The European Commission on Thursday unveiled a draft code of practice aimed at helping firms comply with the European Union’s artificial intelligence rules and focused on copyright-protected content safeguards and measures to mitigate systemic risks. Signing up to the code, which was drawn up by 13 independent experts, is …

EU’s AI code of practice for companies to focus on copyright, safety Read More »

MADRID (Reuters) -Spain’s tourism industry expects growth in summer sales to slow sharply as uncertainty over U.S. tariff negotiations threatens to curb global consumer spending, industry group Exceltur said on Thursday, though it still forecast record visitor numbers. The group expects revenues of hotels, airlines, restaurants, and other tourism-related businesses to grow 2.7% year-on-year in …

Spain’s tourism sector expects slowdown in summer sales Read More »

By Karolina Tagaris THESSALY, Greece (Reuters) -As the cost of spraying crops with pesticides becomes increasingly expensive, farmers in Greece’s agricultural heartland have turned to a cheaper alternative: liquids in unlabeled plastic bottles smuggled over land and sea. The products are more effective, a dozen farmers across the Thessaly plain said. They are also potentially …

Europe’s illegal pesticide trade surges as farmers cut costs Read More »

By Nina Chestney LONDON (Reuters) -The European electricity transmission system operator’s (TSO) investment plans to upgrade and expand power grids over the next five years face a 250 billion euro ($293 billion) shortfall, a report by Boston Consulting Group (BCG) said on Thursday. WHY IT IS IMPORTANT At the end of April, Spain and Portugal …

European grid investment plans face 250 billion euro shortfall Read More »

ROME (Reuters) -Revenues at Brunello Cucinelli rose 10.7% at constant exchange rates in the first half of the year, the Italian luxury group said on Thursday, slightly beating analysts forecasts. Revenues totalled 684 million euros ($799 million) in the period, which compares with a consensus of 682 million euros compiled by Invisible Alpha. Sales rose …

Italy’s Cucinelli posts 10.7% increase in first half revenues Read More »

By Olga Popova MOSCOW (Reuters) -The Russian government on Thursday ordered measures to boost agriculture exports after international sales of wheat fell to their lowest since 2008, while traders are saying the new crop has been slow to come to the Black Sea terminals. The Sovecon consultancy estimates July wheat exports at 2.0 million-2.5 million …

Russia orders measures to boost agriculture exports after wheat sales fall in July Read More »

(Reuters) -U.S. private equity firm Blackstone on Thursday raised its offer for Warehouse REIT to about 489 million pounds ($666 million), topping an agreed deal for the London-listed company from industry peer Tritax Big Box REIT. U.S.-based companies have been snapping up British assets recently, taking advantage of weaker UK valuations. UK-listed real estate investment …

Blackstone ups offer to $666 million in battle for UK’s Warehouse REIT Read More »