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UK government, pharma industry still far away from life sciences plan agreement

LONDON (Reuters) -The British government and the pharmaceutical industry remain far apart in a dispute over drug pricing that has delayed publication of a long-pending plan for the UK life sciences sector. WHY IT’S IMPORTANT The review is intended to outline how the UK can cut red tape and boost a sector the government identifies …

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TotalEnergies sells renewable assets in Portugal, buys them in Dominican Republic

(Reuters) -TotalEnergies has sold 50% of its portfolio of renewable assets in Portugal and bought a half of AES’s renewable energy portfolio in the Dominican Republic, it said on Wednesday. The Portuguese assets were sold to a consortium composed of MM Capital Partners 2, Daiwa Energy & Infrastructure and Mizuho Leasing for 178.5 million euros …

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Analysis-Emerging market debt sale surge defies global turmoil amid signs of de-dollarisation

By Libby George and Federico Maccioni LONDON/DUBAI (Reuters) -Emerging market debt sales boomed in the first half of the year, defying tariff tantrums, missile attacks and gyrating oil prices, on track for another year of records – and with nascent signs of a shift away from the dollar, bankers told Reuters.  Cash-rich investors keen for …

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Worldline hires new auditor to assess high-risk clients

PARIS (Reuters) -French payments company Worldline has hired auditing firm Accuracy to assess its remaining portfolio of merchants engaged in risky activities, it said on Wednesday. Last month, a group of 21 European media outlets alleged that Worldline covered up client fraud to protect revenue. Belgian prosecutors said last week they had opened an investigation …

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Volvo Cars sales fall 12% in June, fully electric tumble 26%

By Jagoda Darlak STOCKHOLM (Reuters) -Sweden-based Volvo Cars reported on Wednesday a fourth straight month of falling sales volumes, pressured by trade tariffs and weaker electric vehicle demand. Volvo Cars, which is majority-owned by China’s Geely, said in a statement it sold 62,858 cars in June, a 12% drop from a year earlier. The group, …

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UK markets see 2022-style selloff as worries build over finance minister

LONDON (Reuters) -British government bond prices fell by the most since October 2022 and the pound tumbled on Wednesday, after finance minister Rachel Reeves appeared visibly distressed in parliament, a day after the government sharply scaled back plans to cut benefits. The yield on the 10-year government bond, or gilt, rose as much as 22 …

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Exclusive-Google makes new proposal to stave off EU antitrust fine, document shows

By Foo Yun Chee BRUSSELS (Reuters) -Google has proposed fresh changes to its search results in an attempt to fend off growing criticism from rivals, a week before a key meeting that could lead to yet another EU antitrust fine, according to a document seen by Reuters. The U.S. tech giant has been under pressure …

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UK watchdog to go after bullying and discrimination beyond banks

By Nell Mackenzie and Tommy Reggiori Wilkes LONDON (Reuters) -Britain’s Financial Conduct Authority is to extend rules covering non-financial misconduct such as bullying and discrimination beyond the banking industry in a bid to clamp down on bad behaviour, it said on Wednesday. Concerns about poor practices at financial firms have shot up the regulatory agenda …

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EU to compensate exporting industries for carbon levy

By Kate Abnett BRUSSELS (Reuters) -European industries that sell their goods abroad will receive compensation for the CO2 emissions costs they pay in Europe, the European Commission said on Wednesday, in a bid to avoid firms relocating to dodge Europe’s ambitious climate policies. The Commission confirmed the plans alongside proposing a new EU 2040 climate …

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German government still in talks with Thyssenkrupp over naval spin-off

By Miranda Murray and Anneli Palmen DUESSELDORF (Reuters) -The German government is still in talks with Thyssenkrupp over a spin-off of its naval ship building division TKMS, officials said on Wednesday, after a report said Berlin had no plans to take a stake. The business daily Handelsblatt, citing government sources, had reported that the chancellery …

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