Reuters UK Business

LONDON (Reuters) -Britain’s grocery regulator on Friday launched an investigation into Amazon, probing whether the U.S. retail giant breached rules on timely supplier payments over a three-year period. The Groceries Code Adjudicator (GCA) said it suspected Amazon of violating paragraph 5 of the Groceries Supply Code of Practice, which mandates prompt payment to suppliers. “The …

UK grocery watchdog probes Amazon over alleged supplier payment delays Read More »

(Reuters) -Britain’s Unite union on Friday said that offshore platform workers employed by TotalEnergies had overwhelmingly backed a new pay deal, after workers had earlier balloted for possible strike action. “Around 50 Unite members based on the Elgin Franklin and North Alwyn platforms agreed to an enhanced offer which amounts to a 2.25 per cent …

UK’s Unite says TotalEnergies offshore workers win boost to pay Read More »

BERLIN (Reuters) -ArcelorMittal, the world’s second-largest steelmaker, said on Thursday it had dropped plans to convert two plants in Germany to carbon-neutral production because the country’s energy costs were too high. The decision to turn down 1.3 billion euros ($1.5 billion) of public subsidies is the latest blow to a German industrial sector that is …

ArcelorMittal drops plans for green steel in Germany due to high energy costs Read More »

By Raechel Thankam Job (Reuters) -British homebuilder Berkeley on Friday proposed the appointment of CEO Rob Perrins as executive chair to succeed Michael Dobson and lead its 10-year strategy to invest 5 billion pounds ($6.73 billion) in building new homes. Shares in the high-end home builder dropped 8% and were headed for their worst day …

UK’s Berkeley proposes Perrins as chair to lead growth strategy​ Read More »

BERLIN (Reuters) -Volkswagen’s premium brand Audi could build a plant at a new location in the United States under scenarios being considered to placate President Donald Trump in the tariff conflict, the Spiegel news magazine reported on Friday. Audi is considering building a plant in the southern U.S., which would be the more expensive option …

Audi could build plant in US to placate Trump, Spiegel reports Read More »

By Gilles Guillaume PARIS (Reuters) -With Chinese automakers pushing into Europe, Stellantis and Renault are lobbying for a new, less-regulated category of small cars with fewer safety features, making them cheaper to build. Over the last two months, Stellantis Chairman John Elkann and Renault CEO Luca de Meo have engaged in a rare public campaign …

Analysis-Fearing China’s small car rivals, Stellantis, Renault lobby EU for fewer rules Read More »