EU says US electric vehicle tax credit could break WTO rules

BRUSSELS (AP) — The European Union expressed concern Thursday that a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles would discriminate against European producers...

EU says U.S. plan for EV tax breaks discriminatory, may breach WTO rules

BRUSSELS - The European Union said on Thursday it was "deeply concerned" about proposed tax credits for purchases of electric vehicles in the United States because they would be biased against...

Poland to get recovery cash after meeting agreed milestones

BRUSSELS - Poland will get money from the European Union recovery fund only after it reaches the milestones and targets that the Polish government has jointly agreed with the EU in many months of...

NFTs to Be Regulated Similar to Crypto under MiCA Law, Says EU Official

Sanaa is a chemistry major and a Blockchain enthusiast. As a science student, her research skills enable her to understand the intricacies of Financial Markets. She believes that Blockchain...

US Justice Department is reportedly poised to sue Google over its digital ad dominance

Google could be sued by the US Department of Justice as soon as September. The Justice Department first filed an antitrust lawsuit against the company back in 2020. It accused it of having an...

EU to stand firm in clash with Poland over cash, officials say

By Jan Strupczewski BRUSSELS - Brussels is unlikely to back down on its demand that Poland respect the rule of law to receive post-pandemic recovery funds, officials said, despite threats from...

European Union warns of "very critical situation" as drought threatens 60% of EU and U.K

Drought conditions are affecting about 60% of the EU and the U.K., exacerbated by climate-change driven record heat across Europe this summer, according to new research from the European Drought...

US Justice Department is reportedly poised to sue Google over its digital ad dominance

Google could be sued by the US Department of Justice as soon as September. The Justice Department first filed an antitrust lawsuit against the company back in 2020. It accused it of having an...

Sour grapes: Italy takes Slovenia to court over balsamic vinegar

Government says Slovenian plans to ‘standardise’ use of name threaten traditional producers in Modena The Italian government is launching infringement proceedings against Slovenia in an attempt to...

The Sacrifice Zone': Myanmar bears cost of green energy

The birds no longer sing, and the herbs no longer grow. The fish no longer swim in rivers that have turned a murky brown. The animals do not roam, and the cows are sometimes found dead.The people...

Senate Passes Climate Bill. The Rush to Renewable Energy Is On

The climate and tax package passed by the Senate on Sunday will unlock around $400 billion in funding for clean energy. Wind turbines now produce more power in the U.S. than the entire country...

Zelensky Accuses EU Of Stalling €8 Billion In Aid: "Either A Crime Or Mistake"

Zelensky Accuses EU Of Stalling €8 Billion In Aid: "Either A Crime Or Mistake" Ukrainian President Volodymyr Zelensky in a Thursday night address lashed out at the European Union for...

Viktor Orbán laid out his dark worldview to the American right

Hungarian Prime Minister Viktor Orbán speaks at CPAC Dallas on August 4, 2022. | Getty Images The European Union’s only autocrat came to CPAC Dallas and sold American conservatives on a...

Pope meets Russian Orthodox number two ahead of meeting with Patriarch

By Philip Pullella - Pope Francis met Bishop Antonij, the second most powerful leader of the Russian Orthodox Church, on Friday ahead of an expected summit next month with its Patriarch Kirill,...

Berlin-based LiveEO, which offers analytics tools for geospatial data from satellites, raised €19M led by MMC...

When it comes to geospatial and mapping data and how they are leveraged by organizations, satellites continue to play a critical role when it comes to sourcing raw information. Getting that raw...

EU antitrust regulators quiz developers on Google app payments

By Foo Yun Chee BRUSSELS - EU antitrust regulators have asked app developers whether Alphabet (NASDAQ:GOOGL) unit Google's threat to remove apps from its Play Store if they use other payment...

Sources: Intel and Italy are close to clinching a deal initially worth $5B to build an advanced semiconductor...

Register now for FREE unlimited access to Reuters.com Summary Companies Initial investment in Italy is worth $5 billion Italy working to have deal in place...

Monte dei Paschi seals deal with unions over job cuts

By Valentina Za MILAN -Italian state-owned bank Monte dei Paschi di Siena said it had reached an accord with unions to shed thousands of jobs, as it works towards commitments to cut costs agreed...

Exclusive: Italy, Intel close to $5 billion deal for chip factory

By Giuseppe Fonte and Giulio Piovaccari ROME - Italy is close to clinching a deal initially worth $5 billion with Intel (NASDAQ:INTC) to build an advanced semiconductor packaging and assembly...

Sources: European Commission antitrust enforcers are investigating Google's Play Store rules; rivals received...

The European Commission’s antitrust enforcers are investigating Google’s app store rules, according to two people close to the matter. Google's rivals have received confidential questionnaires...

Cold showers, no lights: Europe saves as Russian gas wanes

PARIS (AP) — Fanning out like urban guerrillas through Paris' darkened streets well after midnight, the anti-waste activists shinny up walls and drain pipes, reaching for switches to turn off the...

Farfetch Limited Shares Downgraded at Cowen on 'Lack of Upside to Estimates'

By Sam Boughedda Shares of Farfetch Limited were downgraded to Market Perform from Outperform by a Cowen analyst on Tuesday, also lowering the price target to $9 per share from $11. He said that...

Work at Stellantis' Melfi plant halted as logistic contractors strike -union

ROME - Production at Stellantis' Melfi plant in southern Italy was halted on Tuesday due to a strike of the carmaker's logistics contractors, unions said in a joint statement. The workers went on...

Maersk lifts 2022 guidance as congested supply chain boosts rates

COPENHAGEN -Shipping group Maersk on Tuesday raised its 2022 profit guidance after beating second-quarter revenue expectations as congested global supply chains boosted freight rates. "Congestion...

A2 Milk jumps before halt on FDA nod news, denies report

- Shares of New Zealand's a2 Milk Co Ltd jumped more than 12% before trading in the stock was halted, after local media reported that the dairy company was close to winning an approval to sell...

BP reports Q2 profit of $8.45 billion, boosts dividend

By Ron Bousso and Shadia Nasralla LONDON - BP (NYSE:BP) on Tuesday reported a second quarter profit of $8.45 billion, its highest in 14 years, as strong refining margins and oil trading helped it...

Europe Has Lost The Energy War

Europe Has Lost The Energy War Authored by Thomas Fazi via UnHerd.com, After a decade of financial austerity, is Europe now on the brink of a new age of energy austerity? The city of...

Gold Fields CEO: Shareholder buy-in for Yamana takeover is still 'work in progress'

KALGOORLIE, Australia - Gold Fields (NYSE:GFI) Chief Executive Chris Griffith said on Tuesday that convincing the company's shareholders to back its takeover offer for Canada's Yamana Gold...

U.S. needs full access to Chinese company audit papers to resolve accounting dispute

By Katanga Johnson WASHINGTON - The U.S. public company accounting regulator will not accept any restrictions on its access to the audit papers of Chinese companies listed in New York, its chair...

Exclusive: France, Italy, Spain call for tech firms to pay for telecoms networks

By Elvira Pollina and Giuseppe Fonte MILAN -France, Italy and Spain are stepping up pressure on the European Commission to come up with legislation that ensures Big Tech firms partly finance...

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