MADRID (Reuters) – An amended windfall tax proposal for Spanish banks and large energy companies cleared its first hurdle in…
Ukraine’s finance minister says reconstruction costs are rising
By Marc Jones LONDON (Reuters) -Ukraine’s Finance Minister Serhiy Marchenko has said more Western support is needed to help it…
Twitter job cuts a concern as new EU rules kick in, EU justice head says
By Foo Yun Chee BRUSSELS (Reuters) – Twitter’s decision to shut down its Brussels office and the laying off of…
Oil muted as price cap proposal eases supply concerns
By Nia Williams (Reuters) -Benchmark Brent oil edged lower on Thursday while West Texas Intermediate (WTI) crude held steady, hovering…
EDF could lose 5 billion euros from France’s windfall tax -Les Echos
PARIS (Reuters) – A planned French windfall tax on energy companies’ profits during Europe’s current energy crisis would likely cost…
Credit Suisse offers 889 million shares to existing investors in $4 billion capital hike
ZURICH (Reuters) -Credit Suisse has made 889 million new shares available to existing investors at 2.52 Swiss francs ($2.67) per…
Zara workers in Spain start protests to demand higher pay
By Corina Pons MADRID (Reuters) – Dozens of Zara shop assistants protested in Madrid on Thursday outside the global fashion…
Stellantis to reorganise European dealer network from July 2023
MILAN (Reuters) – Franco-Italian carmaker Stellantis said on Thursday it would reorganise its European dealers’ network in July next year,…
Italy cash payments plan breaks spirit of EU accord, expert says
By Giuseppe Fonte and Gavin Jones ROME (Reuters) – A proposal in Italy’s draft budget is not in line with…
Stellantis looks to India for affordable EVs for Europe
By Aditi Shah NEW DELHI (Reuters) -Fiat parent Stellantis has concluded it can’t currently make affordable electric vehicles (EVs) in…