BERLIN, Dec 3 (Reuters) – The European Commission may delay the announcement of its support package for the EU car industry, which carmakers are hoping could include a revision of a 2035 ban on the sale of combustion engines, industry sources said on Wednesday. The Commission, the EU’s executive arm, is scheduled to announce the …
By America Hernandez, Dmitry Zhdannikov and Timothy Gardner LONDON/PARIS, Dec 3 (Reuters) – Austrian businessman Bernd Bergmair, former majority owner of an adult entertainment group including website Pornhub, has approached the U.S. Treasury about buying international assets of sanctioned Russian oil major Lukoil, two sources familiar with the matter said. The U.S. imposed sanctions on …
Exclusive-Former Pornhub owner interested in Lukoil assets, sources say Read More »
Dec 3 (Reuters) – Memory chipmaker Micron Technology said on Wednesday it will exit its consumer business, as it doubles down on advanced memory chips used in artificial intelligence data centers amid a global supply shortage of the essential semiconductors. Shares of the company were down 2.6% in afternoon trading. Micron’s move to dissolve its …
Micron to exit consumer memory business amid global supply shortage Read More »
By Stephen Nellis SAN FRANCISCO, Dec 3 (Reuters) – Shares of Aeva Technologies, a Silicon Valley-based maker of lidar units that help autonomous vehicles sense their surroundings, rose more than 18% in midday trading on Wednesday after the company announced an exclusive deal to supply a European maker of passenger vehicles. Aeva did not name the …
Aeva shares soar after deal with European automaker Read More »
By Caroline Stauffer TORONTO, Dec 3 (Reuters) – The Spanish government will seek to keep a Spaniard on the executive board at the European Central Bank where the race for top jobs will kick off next year, Economy Minister Carlos Cuerpo told Reuters on Wednesday. Four of the six jobs on the ECB’s executive board …
Spain keen to keep ECB board seat once De Guindos leaves, economy minister says Read More »
Dec 3 (Reuters) – The UK’s FTSE 100 ended slightly lower on Wednesday, weighed down by losses in financials stocks, while mining and energy shares advanced ahead of the U.S. Federal Reserve’s decision on interest rates next week. The blue-chip FTSE 100 closed down 0.1%, while the midcap FTSE 250 edged up 0.1%. Industrial metal …
UK’s FTSE 100 ends lower as financials stocks drag Read More »
LONDON, Dec 3 (Reuters) – Britain said on Wednesday it would allow pork imports from parts of Spain unaffected by African swine fever (ASF), reversing a blanket ban imposed last week after the country reported its first cases of the disease in more than three decades. The move aligns Britain with the European Union’s regionalisation …
Britain lifts blanket ban on Spanish pork imports, adopts regional controls Read More »
By Angelo Amante ROME, Dec 3 (Reuters) – Minutes after Italy’s powerful Court of Auditors rejected plans to build a bridge from the mainland to the island of Sicily, Prime Minister Giorgia Meloni issued an angry statement accusing the judges of exceeding their authority. Yet, the outcome was not entirely unexpected. Infrastructure Minister Matteo Salvini …
A bridge too far? Sicily project tests limits of Italy’s ambitions Read More »
By Julia Payne BRUSSELS, Dec 3 (Reuters) – The European Commission plans to restrict exports of rare earth waste and battery scrap that can be recycled from early 2026 as part of its push to secure critical raw materials used in electric cars, wind turbines and semiconductors. The proposal is among the first measures in …
EU to curb exports of recyclable battery, rare earth waste to cut China reliance Read More »
By Jagoda Darlak Dec 3 (Reuters) – Sweden-based Volvo Cars on Wednesday reported a slump in November sales, continuing a decline this year amid pressure from trade tariffs and subdued demand in the United States. Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement it sold 60,244 cars in November, a …
Volvo Cars sales fall 10% in November, says US market subdued Read More »
