Business

European Union governments are set to ask the European Commission to propose reforms to the bloc's carbon market by July, draft conclusions for a summit of EU leaders next week showed. At their summit on 19 March, EU leaders will...

Liquefied natural gas from the United States made up 33.8% of Spain's total gas imports in February, as the country's gas imports rose almost 20% from the same month last year, data showed on Tuesday. The U.S. has become Europe's...

The price of Russian Urals oil, shunned by many buyers amid Ukraine-related sanctions, has surged on the war in Iran, though costs are also rising, traders said on Tuesday. With tankers from top exporter Saudi Arabia effectively blocked by Iranian...

Renault plans to sell half of its Renault brand cars overseas by 2030 and grow volumes by over a fifth, it said on Tuesday, as it looks to tap growth outside Europe to remain competitive in a tough global market....

Jeep maker Stellantis is using technologies from automotive suppliers Blue Nexus, a Toyota-backed company, and Bosch to develop its new hybrid SUVs, CNBC reported on Tuesday. Stellantis is using Blue Nexus' two-motor electric continuously variable hybrid transmission system for its...

The European Union will update its merger rules to look beyond short-term price effects but without giving companies a blank cheque for consolidation, according to the European Commission's competition chief Teresa Ribera. Large players in sectors including telecoms and banking...

Lego is bracing for higher energy and raw material costs as oil and gas prices rise amid conflict in the Middle East, its chief executive said, as the Danish toymaker looks to spur growth with interactive "smart bricks" and Pokemon...

Deutsche Bank upgraded the U.S. and European technology sector to "neutral" from "underweight" on Tuesday and turned "overweight" on software, saying the months-long rout sparked by fears of AI-driven disruption has likely run its course. The shift comes after a...

Denmark's Vestas said on Tuesday it has received a firm order for German utility RWE's 1.38 gigawatt (GW) Vanguard East offshore wind project in Britain. The order supports Britain's advance towards its 2030 clean power targets and the wider energy...

Qualcomm and British self-driving startup Wayve said on Tuesday they are collaborating on an integrated artificial intelligence system to help automakers rapidly deploy advanced driver-assistance and automated driving features. The tie-up combines Wayve's "AI Driver" software with Qualcomm's Snapdragon Ride...