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France’s Le Maire starts talks on green subsidies for EU products under IRA law

BY Reuters  • December 5, 2022December 5, 2022
PARIS (Reuters) -French Finance Minister Bruno Le Maire said on Monday he has started talks with his counterparts to see if EU-made “green products” sold in the United States would benefit[...]
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Italy’s Meloni may water down cash payments plan after EU talks

BY Reuters  • December 4, 2022December 4, 2022
ROME (Reuters) – Italy’s Prime Minister Giorgia Meloni said on Sunday that she may water down plans to make it easier to settle small payments with cash rather than cards, following talks[...]
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EU to adapt state aid schemes in response to U.S. subsidy package

BY Reuters  • December 4, 2022December 4, 2022
BRUSSELS (Reuters) -The EU will adapt its state aid rules to prevent an exodus of investment triggered by a new U.S. green energy subsidy package, the bloc’s chief executive said on Sunday.[...]
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Archegos’ Bill Hwang says prosecutor misconduct justifies indictment’s dismissal

BY Reuters  • December 3, 2022December 3, 2022
By Jonathan Stempel NEW YORK (Reuters) – Bill Hwang is seeking the dismissal of his U.S. fraud indictment over the collapse of his once-$36 billion Archegos Capital Management LP, saying prosecu[...]
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Renault and Nissan forgo Wednesday announcement of alliance deal – sources

BY Reuters  • December 3, 2022December 3, 2022
By Maki Shiraki and Norihiko Shirouzu TOKYO (Reuters) -Renault SA and Nissan Motor Co are set to forgo a Wednesday announcement of a deal to restructure their automotive alliance as they struggle to b[...]
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Delta offers pilots hefty pay raises as unions flex bargaining power

BY Reuters  • December 3, 2022December 3, 2022
By Rajesh Kumar Singh and David Shepardson CHICAGO (Reuters) -Delta Air Lines has offered a 34% cumulative pay increase to its pilots over three years in a new contract, demonstrating the bargaining p[...]
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Business Top News Updated

G7 coalition agrees $60 per barrel price cap for Russian oil

BY Reuters  • December 3, 2022December 3, 2022
By Jan Strupczewski, Kate Abnett, David Lawder and Andrea Shalal WASHINGTON/BRUSSELS (Reuters) -The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap[...]
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S&P 500 ends slightly lower after jobs report

BY Reuters  • December 3, 2022December 3, 2022
By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 closed slightly lower on Friday, although major indexes rallied off their worst levels of the day, as the November payrolls report fuele[...]
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U.S. judge dismisses indictment against Huawei CFO that strained U.S.-China relations

BY Reuters  • December 2, 2022December 2, 2022
By Karen Freifeld and Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Friday dismissed an indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies Co, formally e[...]
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