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By Aditya Soni (Reuters) -Tesla shares jumped over 9% on Monday after the electric-vehicle maker started testing its long-awaited robotaxi service, a key step toward proving the technology that CEO Elon Musk has for years touted as a crucial driver of its lofty valuation. The automaker deployed a small fleet of self-driving taxis in Austin, …

Tesla shares soar after first robotaxi test rides hit the road in Austin, Texas Read More »

By Alistair Smout LONDON (Reuters) -Britain’s industrial strategy made public on Monday will reduce green levies, lowering energy bills for thousands of companies to try to make steel companies and other manufacturers more competitive. Under the strategy for the decade 2025-2035, the government plans to cut the bills of electricity-intensive industry by up to 25% …

Britain’s industrial strategy cuts green levy to lower energy bills Read More »

By Kate Abnett BRUSSELS (Reuters) -The European Union halted negotiations on Monday on a planned law requiring companies to back up their climate-friendly claims with evidence, after the European Commission said the policy would overburden small companies and threatened to shelve it. The dispute is the latest move by Brussels to weaken or simplify its …

EU halts talks on law tackling companies’ fake ‘green’ claims Read More »

By Pietro Lombardi MADRID (Reuters) -Spanish power utilities lobby Aelec on Monday blamed the grid operator REE’s poor planning for the massive blackout that hit Spain and Portugal on April 28, rejecting the earlier REE claim that power plants were responsible. This third analysis of the outage was delivered in a report by independent experts …

Spanish power utilities blame grid operator for April blackout Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Prosus is “very confident” of securing early EU antitrust approval for its 4.1-billion-euro ($4.72 billion) acquisition of Just Eat Takeaway.com, the Dutch technology investor said on Monday. Prosus sought approval for the deal from the European Commission on Friday, the company told journalists, as it seeks to create what …

Prosus ‘very confident’ of early EU approval for $4.7-billion Just Eat deal Read More »

By Giuseppe Fonte ROME (Reuters) -Italy will comply with a new NATO spending target of 5% of gross domestic product on defence and security, Prime Minister Giorgia Meloni said on Monday, but it will take 10 years to do so and wants changes to EU budget rules in order to make it possible. A NATO …

Italy to gradually meet new NATO spending target, seeks new EU budget rules Read More »

(Corrects name in sign-off, no change to text) By Ahmed Rasheed BAGHDAD (Reuters) -BP, Eni and TotalEnergies have begun evacuating foreign personnel from Iraqi oilfields where they operate, state-run Basra Oil Company said on Monday. Output from Iraq’s southern oilfields for the time being remains unchanged with exports averaging 3.32 million barrels per day, two …

BP and others pulling staff from Iraq oilfields, output steady Read More »

LONDON (Reuters) -Britain’s populist Reform UK party presented plans on Monday to allow wealthy migrants to buy a 10-year residency permit for 250,000 pounds ($338,000) which would exempt them from UK tax on their overseas income, assets and capital gains. The policy draws a new battle line before the next national election with Britain’s governing …

Britain’s Reform party unveils ‘Britannia Card’ to lure back wealthy migrants Read More »