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EU, Japan express confidence in capped US tariffs on drugs
Reuters· 2025-09-26 09:48
The European Union and Japan expressed confidence on Friday that they had secured limits on U.S. tariffs on pharmaceuticals, which President Donald Trump said he would impose next week at a rate of 100%. ...
Swiss government proposes seven-year phase-in for key UBS capital rule
Reuters· 2025-09-26 09:10
UBS should have seven years to fully capitalise its foreign units, the Swiss government said on Friday, as it opened a formal consultation on the key proposal of a larger banking regulation overhaul. ...
India proposes relaxing fuel efficiency norms for small cars boosting Suzuki shares
Reuters· 2025-09-26 08:15
India has proposed relaxing stringent fuel efficiency norms for small cars, according to a draft of the new rules made public late on Thursday, sending shares of small carmaker Maruti Suzuki to a reco... ...
Germany's Hensoldt to invest $1.2 billion to meet large uptick in defence orders
Reuters· 2025-09-26 08:11
German defence electronics group Hensoldt will invest around 1 billion euros ($1.17 billion) within the next two years to help meet the massive uptick in orders coming from the German government, CEO ... ...
BMW to recall over 196,000 US vehicles due to engine starter defect
Reuters· 2025-09-26 07:18
BMW is recalling over 196,000 vehicles in the U.S. as the engine starter relay may corrode, leading to overheat and short circuit, increasing the risk of a fire, the U.S. National Highway Traffic Safe... ...
Roche points to U.S. plans after Trump pharma tariff announcement
Reuters· 2025-09-26 06:42
Switzerland's Roche on Friday pointed to the fact that one of its U.S. units broke ground on a new facility in August and that the pharma company had pledged major U.S. investments after President Donald Trump's latest tariff announcement. ...
Norwegian Air to buy an additional 30 Boeing 737 aircraft
Reuters· 2025-09-26 06:28
Norwegian Air Shuttle said on Friday it had exercised an option to buy an additional 30 Boeing 737 MAX 8, bringing its total firm order to 80 aircraft. ...
Italy's antitrust fines Eni and other oil firms for unfair competition
Reuters· 2025-09-26 06:18
Italy's antitrust regulator said on Friday it had fined Italian energy major Eni and five other oil companies operating in the country for practices restricting fair competition in the sale of fuel fo... ...
OPEC+ is poised to slip further below oil output target
Reuters· 2025-09-26 06:02
OPEC+ has delivered about three quarters of the extra oil output it targeted since the group started production hikes in April, and the level may fall closer to half later in the year as producers hit capacity limits, sources and analysts said and data showed. ...
European pharma shares drop after Trump threatens more tariffs
Reuters· 2025-09-26 06:01
Shares in Europe's biggest pharma companies fell in early trading on Friday, after U.S. President Donald Trump unveiled a new round of punishing tariffs, including 100% duties on branded drugs. ...