By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google has been hit by an EU antitrust complaint over its AI Overviews from a group of independent publishers, which has also asked for an interim measure to prevent allegedly irreparable harm to them, according to a document seen by Reuters. Google’s AI Overviews are AI-generated summaries that …
BERLIN (Reuters) -Germany’s economy ministry presented a draft law on Friday that would accelerate the expansion of geothermal energy projects, as Berlin aims to phase out the use of fossil fuels in heating systems by 2045. Germany possesses some of Europe’s largest geothermal reserves, which could cover more than a quarter of its annual heating …
Germany proposes law to speed up geothermal and clean heat expansion Read More »
By Stefania Spezzati and Olivia Le Poidevin LONDON/GENEVA (Reuters) -UBS declined a request by the Gaza Humanitarian Foundation (GHF) to open a bank account in Switzerland while Goldman Sachs did not set up a Swiss account for GHF after initial talks, two people with knowledge of the discussions told Reuters. GHF is a U.S.- and …
By Julia Payne and Gus Trompiz BRUSSELS/PARIS (Reuters) -The European Union will cut imports of Ukrainian wheat and sugar by up to 80% to address the concerns of its farmers, according to quotas announced on Friday, that are likely to drive Ukraine growers to sell more to markets in Asia and Africa. In a show …
EU to cut Ukrainian wheat, sugar imports by 70-80% under new quotas Read More »
(Reuters) -Shares of French spirits makers regained some ground on Friday after falling in early trading, as China spared major cognac producers from new duties on EU brandy, provided they sell at a minimum price. Pernod Ricard’s shares were down 0.5% while Remy Cointreau was 0.3% lower by 1130 GMT, after falling as much as …
French spirits makers’ shares ease as China spares major producers from duties Read More »
By Tom Sims and Matthias Inverardi FRANKFURT (Reuters) -UniCredit’s recent push for a tie-up with Commerzbank has prompted calls by a top official of the German bank for the Italian lender’s CEO, Andrea Orcel, to abandon the pursuit. With UniCredit continuing to face fierce resistance in Germany, Orcel last month sent a flurry of letters …
Commerzbank official tells UniCredit CEO to sell and go home Read More »
By Bart H. Meijer and Dominique Patton PARIS (Reuters) -Air France-KLM plans to increase its stake in Scandinavian airline SAS to 60.5%, the latest step towards consolidating Europe’s fragmented airline sector as carriers seek to strengthen their position against rivals. The Franco-Dutch airline group said on Friday it intended to increase its stake from 19.9% …
Air France-KLM to take majority stake in Scandinavian airline SAS Read More »
By Anna Peverieri (Reuters) -France’s Alstom has received a 2 billion euro ($2.4 billion) order from the New York Metropolitan Transportation Authority (MTA) to supply M-9A railcars for the Long Island Rail Road and Metro-North Railroad, the train maker said on Friday. The contract, which was announced by MTA in June, will be booked in …
Alstom wins 2 billion euro railcar deal in New York Read More »
BERLIN (Reuters) -Nearly one in three startups in Germany would have second thoughts about accepting financing from U.S. investors, according to a survey released on Friday, in a sign of growing scepticism about the business environment under U.S. President Donald Trump. Germany’s startup scene has long considered the United States a key partner, but sentiment …
One in three German startups sceptical on US investor financing, survey finds Read More »
By Federico Maccioni and Yousef Saba DUBAI (Reuters) -Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate tens of billions of dollars. The potential sale of four or five …
Exclusive-Saudi Aramco considers power assets sale to raise billions, sources say Read More »
