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(Reuters) -Clariant is one of four companies to receive a damages claim of around 1 billion euros ($1.14 billion) from Austrian energy company OMV for alleged competition law infringement on the ethylene purchasing market, it said on Tuesday. “Clariant firmly rejects the allegation and will adamantly defend its position in the proceedings,” the Swiss chemicals …

Clariant rejects $1 billion OMV claim alleging competition law infringement Read More »

By Giuseppe Fonte and Angelo Amante ROME (Reuters) -Italy’s main business lobby Confindustria called on Tuesday for billions of euros of state aid to help firms cope with high energy costs and the prospect of U.S. trade tariffs. Speaking at Confindustria’s annual assembly in the northern city of Bologna, chairman Emanuele Orsini said the European …

Italy business lobby seeks state help over energy costs, US tariffs Read More »

SEVILLE, Spain (Reuters) – A Spanish hatmaker warned that a 40-year tradition of supplying felt hats to Orthodox Jews in the U.S. risked becoming a casualty in President Donald Trump’s trade war. The community, which is mainly based in New York and New Jersey, buys around 30,000 hats annually from the 140-year-old Fernandez y Roche …

Trump’s trade war imperils Spanish hatmaker’s business with US Orthodox Jews Read More »

FRANKFURT (Reuters) -Deutsche Telekom has teamed up with SAP, web hosting firm Ionos and unlisted retailer Schwarz to seek European Union support to build a data processing centre for artificial intelligence in Germany, it said on Tuesday. The European Commission this year unveiled plans to provide $20 billion in funding to construct AI data centres …

German consortium in talks to build AI data centre, Telekom says Read More »

By Valentina Za MILAN (Reuters) -Italy’s UniCredit is ready to let its offer for Banco BPM lapse, CEO Andrea Orcel said on Tuesday, but added the situation was different for Commerzbank where his bank owns a 28% stake and is prepared to wait. UniCredit built the stake in late 2024 and wants to merge its …

UniCredit can let BPM bid lapse, but will hold onto Commerzbank, CEO says Read More »

By Niklas Pollard KARLSKOGA, Sweden (Reuters) -Defence group Saab’s CEO on Tuesday urged European governments to step up getting EU-backed projects off the ground and said a military spending boom was only just beginning. The Swedish defence company is riding the biggest boom in demand since the end of the Cold War as Europe scrambles …

Saab CEO urges EU countries to get defence projects off the ground Read More »