By Jacob Gronholt-Pedersen Copenhagen (Reuters) – The European Commission wants all planned regulations requiring fashion companies to produce clothes in a more sustainable way to be in place by 2028, the EU environment commissioner said on Tuesday. The Commission is looking to tackle textile consumption in Europe, which has the fourth highest impact on the…
By Alan Charlish WARSAW (Reuters) – Ryanair expects passenger numbers in central and eastern Europe (CEE) to surge by at least 50% over the next decade, the airline’s manager for the region said, as it looks to dominate in a less-developed market also targeted by Wizz Air. Europe’s biggest low-cost carrier has ordered as many…
(Reuters) – Manchester United on Tuesday raised its forecasts for annual revenue and adjusted profit, betting on strong commercial and matchday income as the English football club returns to the UEFA Champions League. Manchester United, which is currently in talks to sell itself, said it was expecting revenue of between 630 million pounds ($801.6 million)…
By Jörn Poltz (Reuters) – Former Audi boss Rupert Stadler was handed a suspended sentence of one year and nine months by a Munich court on Tuesday for fraud in the 2015 diesel scandal, becoming the first former Volkswagen board member to receive such a sentence. The ex-boss was fined 1.1 million euros ($1.20 million),…
STOCKHOLM (Reuters) – Sweden’s central bank will hike its policy rate by a quarter percentage point this week in a bid to bring down inflation further, but that is likely to be the end of the rate-hiking cycle, a poll by Reuters showed on Tuesday. Central banks around the globe have jacked up interest rates…
MILAN (Reuters) – Stellantis launched a ‘Charging & Energy’ business unit on Tuesday to make it easier to keep electric vehicles on the road and cash in on an expanding range of services around greener mobility. The unit will offer a platform called Free2move Charge providing customer services including access to over 500,000 charging points…
By Elisa Anzolin MILAN (Reuters) – Shares in Italian yacht-maker Ferretti reversed course on Tuesday, as it began its listing on the Milan bourse, allowing its main Chinese investor to cut its stake and new European investors to buy in. Floated in Hong Kong last year, Ferretti priced its offer for the listing in Milan…
BERLIN (Reuters) – Volkswagen’s head of its business in China said on Tuesday that the carmaker needed clarity on cross-border data transfers in a meeting with the country’s Premier Li Qiang, asking how China would cooperate with Europe amid rising political tensions. “As a globalized industry, the transformation of the automotive sector highly depends on…
(This June 21 story has been refiled to remove the picture) LONDON (Reuters) – U.S.-based ACE Green Recycling, which has developed a lead battery recycling process with no greenhouse gas emissions, said it will deploy its technology to Israel’s Hakurnas Lead Works. The deal to set up the processing at Hakurnas’ facilities in Israel and…
A look at the day ahead in U.S. and global markets from Mike Dolan Flagging world markets got a lift on Tuesday as China moved to shore up the falling yuan from the year’s lows and nodded to more government stimulus to underpin its spluttering economic recovery instead. With falling Chinese interest rates diverging markedly…
