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French PM hopes to have budget ready by mid-February
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Worldcoin must delete all iris scan data, watchdog says
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EU opens probe into Liberty Media’s proposed Dorna Sports acquisition
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German parliament passes tax relief to offset inflation
In weight loss battle, Novo and Lilly face growing offensive from licensed copies
Date: December 20, 2024
By Andrew Silver SHANGHAI (Reuters) – As Novo Nordisk and Eli Lilly expand sales of their popular diabetes and weight-loss drugs, cheaper copies of their patented remedies are winning approval from some regulators overseas, posing a threat to the pharma giants’ prices and market share. Since Novo’s blockbuster Ozempic diabetes treatment was approved in the...
Spain’s electricity demand edges up as renewables break records
Date: December 19, 2024
MADRID (Reuters) -The amount of electricity used in Spain has inched up this year after falling for two consecutive years, with a record 56% coming from renewable sources such as wind and solar, according to estimates on Thursday from grid operator Red Electrica. Flagging electricity demand has been a key concern for Spain’s renewables industry,...
Spain’s utilities tax suffers defeat in parliament
Date: December 19, 2024
MADRID (Reuters) – Spanish lawmakers on Thursday voted to eliminate a temporary tax on energy companies in a setback for the minority government that still plans to reimpose the levy by decree, according to the budget minister. The tax, of 1.2% for companies with a turnover of at least 1 billion euros, is one of...
UK’s FTSE slides to 1-mo low as Fed dampens mood ahead of BoE
Date: December 19, 2024
(Reuters) – UK’s main FTSE 100 stock index dropped 1% and revisited its near one-month low on Thursday, as the U.S. Federal Reserve’s overnight projection of a slower path of interest-rate cuts knocked down investors’ risk appetite globally. The FTSE 100 was down 1% as of 0900 GMT, hitting its lowest since Nov. 21, levels...
Britain seeks to beef up Ofgem energy regulator’s powers
Date: December 19, 2024
LONDON (Reuters) – Britain set out plans on Thursday to strengthen its energy regulator Ofgem to help facilitate the country’s shift towards a decarbonised energy system by 2030 and better protect consumers against bad treatment by suppliers. The Labour government, elected in July, has set out plans to radically overhaul how electricity is generated in...
France says bird flu-free after month without outbreaks
Date: December 19, 2024
PARIS (Reuters) – France has declared itself to be free of highly pathogenic avian influenza in the absence of new outbreaks for more than a month, though the country remains on high alert for the virus that has been spreading rapidly in Europe, the agriculture ministry said. France had recorded 12 farm outbreaks of the...