17 December

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EU court backs broader definition of tools to rig vehicle emissions tests

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BRUSSELS (Reuters) -Technologies used by Volkswagen (DE:VOWG_p) to rig vehicle emissions tests should be considered illegal, the European Union's highest court ruled on Thursday, even if they contribute to preventing ageing or clogging up of the engine. The Court of Justice of the European Union was asked to rule in a French prosecution against the carmaker for allegedly deceiving purchasers of diesel...

17 December

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EU to order more Pfizer vaccine after declining earlier offer

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By Francesco Guarascio BRUSSELS (Reuters) - The European Union will take up its option to buy up to 100 million more doses of Pfizer (NYSE:PFE) and BioNTech's COVID-19 vaccine after turning down an opportunity in July for a much bigger deal, according to EU officials and an internal document. The plan comes after some of the vaccine candidates ordered by...

17 December

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Britain’s top court gives go-ahead to Heathrow expansion

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By Sarah Young LONDON (Reuters) - Britain's top court gave the go-ahead to the expansion of Heathrow Airport on Wednesday, allowing the 14 billion pound ($19 billion) plan to proceed after decades of legal battles and political wrangling. The Supreme Court ruling overturned a previous court decision that had blocked the plan on...

17 December

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Think hard about Christmas plans, PM Johnson tells UK

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LONDON (Reuters) - British Prime Minister Boris Johnson told the public on Wednesday to think hard about their Christmas plans but said the government would not change the decision to ease COVID restrictions for five days over the festive period. "We've decided that the overall situation is, alas worse, more challenging than we'd hoped when we first set the rules," Johnson told...

17 December

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UK must cut borrowing to avoid risks from new shock, higher rates – Sunak

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LONDON (Reuters) - British finance minister Rishi Sunak said he would tackle the country's coronavirus-inflated budget deficit because of the risks of a future shock to the economy and higher borrowing costs that could hammer the public finances. "Running a structural deficit years into the future, with debt rising? That's not building up the resilience you need to deal with the future...

17 December

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European shares up for fourth session on stimulus optimism

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(Reuters) - European shares remained at 10-month highs on Thursday, as hopes of more stimulus in the United States and potential COVID-19 vaccine rollouts in Europe strengthened the case for a global economic recovery. Germany's DAX climbed 1.1% to hit its highest since February, while the pan-European STOXX 600 index rose 0.6%, both extending gains to a fourth straight session. Germany...

17 December

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British mid-caps rise on Brexit deal hopes

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(Reuters) - London's mid-cap index rose on Thursday as investors awaited a post-Brexit trade deal to avoid a messy exit for the UK from the European Union, while higher oil prices helped lift the commodity-heavy FTSE 100. The domestically focussed FTSE 250 index, considered a barometer for Brexit sentiment, rose 0.3% and looked set to gain for a fourth straight session. The...

17 December

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Ad group WPP targets return to 2019 net sales by 2022

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LONDON (Reuters) -WPP, the world's biggest advertising company, expects to return to its 2019 level of net sales by 2022 after the pandemic accelerated its strategy switch to providing more digital services for clients. The British group set out its medium-term targets in a trading update that revealed its key measurement of underlying net sales had fallen by 6.7% in the...

17 December

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British royals select happy family snapshots for their Christmas cards

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LONDON (Reuters) - Britain's royals unveiled their 2020 Christmas cards on Wednesday, choosing traditional happy family snapshots for their festive messages. Heir-to-the-throne Prince Charles, 72, selected a photograph of him and his wife Camilla sitting on a bench in the garden of their home in Birkhall, Scotland, for their greetings card. His son...

17 December

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Exclusive – U.S. trade czar Lighthizer’s advice for Biden on China: ‘Hold their feet to the fire’

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By David Lawder and Andrea Shalal WASHINGTON (Reuters) - President-elect Joe Biden should keep pressing China to stick to the "Phase 1" trade deal and use tariffs as leverage, U.S. Trade Representative Robert Lighthizer told Reuters, adding that Beijing has done a "reasonably good job" implementing parts of the deal. In a rare interview late on Tuesday, Lighthizer defended the Trump administration's...

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EU court backs broader definition of tools to rig vehicle emissions tests

EU to order more Pfizer vaccine after declining earlier offer

Britain’s top court gives go-ahead to Heathrow expansion

Think hard about Christmas plans, PM Johnson tells UK

UK must cut borrowing to avoid risks from new shock, higher rates – Sunak

European shares up for fourth session on stimulus optimism

British mid-caps rise on Brexit deal hopes

Ad group WPP targets return to 2019 net sales by 2022

British royals select happy family snapshots for their Christmas cards

Exclusive – U.S. trade czar Lighthizer’s advice for Biden on China: ‘Hold their feet to the fire’

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