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Beset by uncertainties, Spanish borrowers lock in home loan rates
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UK food price inflation of 15% is coming, industry researcher warns
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Cricket-England skipper Morgan will know when time is right to step aside: Mott
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Lawmakers strike deal ahead of EU carbon market vote
Qualcomm wins fight against $1 billion EU antitrust fine
Date: June 15, 2022
By Foo Yun Chee LUXEMBOURG (Reuters) -U.S. chipmaker Qualcomm on Wednesday won its fight against a 997 million euro ($1.05 billion) fine imposed by EU antitrust regulators four years ago, dealing a major setback to EU antitrust chief Margrethe Vestager’s crackdown on Big Tech. The European Commission in its 2018 decision said Qualcomm paid billions...
U.N. campaign toughens standards for company net-zero plans
Date: June 15, 2022
By Simon Jessop and Tommy Wilkes LONDON (Reuters) – A U.N.-backed campaign to drive faster climate action is toughening the minimum standards for companies pledging to cut greenhouse gas emissions, including a requirement for businesses and banks to curb new fossil fuel projects. The updated criteria issued on Wednesday by the ‘Race to Zero’ campaign...
Exclusive-BP beefs up hydrogen team in bet on fuel’s future
Date: June 15, 2022
By Ron Bousso LONDON (Reuters) – BP is beefing up its hydrogen management team as the energy company prepares to accelerate investments in the low-carbon fuel which it believes will play a key role in the world’s shift away from fossil fuels. The revamp of the hydrogen team is the first clear sign of changes...
ECB to devise new tool to help indebted euro zone members
Date: June 15, 2022
FRANKFURT (Reuters) – The European Central Bank will skew reinvestments of maturing debt to help more indebted members and will devise a new instrument to stop fragmentation, it said on Wednesday, seeking to temper a market rout that has fanned fears a new debt crisis. Government bond yields have soared on the 19-country currency bloc’s...
EU sues UK after plan to override deal on Northern Ireland
Date: June 15, 2022
BRUSSELS (Reuters) -The European Commission launched two new legal proceedings against Britain on Wednesday after London published plans to override some post-Brexit rules governing Northern Irish trade, and resumed another challenge it had previously paused. The proceedings could result in the European Court of Justice (ECJ) imposing fines, although these would likely be more than...
IKEA puts Russian factories up for sale, plans job cuts
Date: June 15, 2022
By Anna Ringstrom STOCKHOLM (Reuters) -IKEA said on Wednesday it would sell factories, close offices and reduce its nearly 28,000-strong workforce in Russia, the latest move by the world’s biggest furniture brand to cut its operations there following Moscow’s invasion of Ukraine. The move comes after IKEA temporarily closed stores and paused sourcing in Russia,...