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EU yields to pressure from automakers as it rethinks 2035 combustion car ban

EU yields to pressure from automakers as it rethinks 2035 combustion car ban

BRUSSELS/LONDON/STOCKHOLM, Dec 15 (Reuters) - The European Commission is expected on Tuesday to reverse the EU's effective ban on sales of new combustion-engine cars from 2035, bowing to intense pressure from Germany, Italy and European automakers struggling against Chinese and U.S. rivals.

Volkswagen's $3.5B gamble: Can it win back share in the competitive Chinese market

Volkswagen's $3.5B gamble: Can it win back share in the competitive Chinese market

Volkswagen is making a big move in China by investing $3.5 billion in a research and development center in the low-key central China city of Hefei, west of Shanghai

Anti-immigrant rhetoric and policies intensify across Europe

Anti-immigrant rhetoric and policies intensify across Europe

In the past year, tens of thousands hostile to immigrants marched through London chanting “send them home!”

Farmers and politics threaten to put EU's free-trade deal with South America on ice

Farmers and politics threaten to put EU's free-trade deal with South America on ice

France is creating a last-minute hurdle for a major trade deal between the European Union and the Mercosur bloc

European Commission to Reconsider Combustion-Engine Car Ban Amid Industry Pressure

European Commission to Reconsider Combustion-Engine Car Ban Amid Industry Pressure

The European Commission is expected to reverse its decision to ban the sale of new combustion-engine cars from 2035. This anticipated policy shift comes in response to significant pressure from Germany, Italy, and European automakers who are facing competitive challenges from Chinese and U.S. rivals. The reversal is part of a broader strategy to support the automotive industry in Europe, which is grappling with the transition to electric vehicles. Additionally, French pharmaceutical company Sanofi has announced that the FDA is likely to delay its decision on Tolebrutinib, a drug for treating primary progressive multiple sclerosis, with guidance expected by the end of the first quarter of 2026.

US envoys travel to Berlin for another round of Ukraine peace talks

US envoys travel to Berlin for another round of Ukraine peace talks

U.S. envoys are due in Berlin for another round of talks intended to secure a deal to end the war

Stocks rise at the start of a week chock full of reports on the economy

Stocks rise at the start of a week chock full of reports on the economy

Wall Street is rising at the start of a week full of economic reports that could drive where interest rates, and thus stock prices, go

China's Changan Automobile adds Italy and Spain to its European markets

China's Changan Automobile adds Italy and Spain to its European markets

RIVOLI, Italy, Dec 12 (Reuters) - Chinese automaker Changan Automobile is expanding into Italy and Spain with the launch of two fully electric models, followed next year by their plug-in hybrid versions.

EU vote on Mercosur trade deal set for next week, Denmark says

EU vote on Mercosur trade deal set for next week, Denmark says

BRUSSELS, Dec 12 (Reuters) - European Union countries are set to vote early next week to determine whether the bloc should sign a contentious trade agreement with South American bloc Mercosur by the end of the year, Denmark, which holds the rotating presidency of the EU, said on Friday.

SEAT says EU's reversal of combustion-engine ban would help EV transition

SEAT says EU's reversal of combustion-engine ban would help EV transition

By Joan Faus MARTORELL, Spain, Dec 12 (Reuters) - The European Commission's expected decision to reverse its ban on selling new cars with combustion engines from 2035 will help Spanish automaker SEAT, a unit of Volkswagen, transition to electric vehicles, its CEO told Reuters on Friday.

Soccer-High demand for 2026 World Cup tickets despite fans slamming prices

Soccer-High demand for 2026 World Cup tickets despite fans slamming prices

By Rory Carroll LOS ANGELES, Dec 12 (Reuters) - FIFA received five million requests for World Cup 2026 tickets in the first 24 hours of the latest sales phase, soccer's world governing body said on Friday, despite an outcry from fan groups this week about high prices for the tournament.

AI stocks are falling with Broadcom, but the rest of Wall Street is picking up the slack

AI stocks are falling with Broadcom, but the rest of Wall Street is picking up the slack

Artificial-intelligence stocks are falling again, but smaller U.S. stocks and other areas of the market that used to get left behind by Big Tech are picking up the slack