By Nicoco Chan and Sarah Wu SHANGHAI/BEIJING, July 3 (Reuters) - With the clock ticking for the European Commission to impose provisional tariffs on electric vehicles made in China, automakers are bracing for billions of dollars in new costs that analysts expect will slow their European expansion. The bloc is set to confirm on Thursday extra duties of up to...

BRUSSELS/FRANKFURT (Reuters) - Lufthansa on Wednesday won EU antitrust approval to buy 41% of Italy's ITA Airways for 325 million euros ($350 million) after ceding routes and slots in a deal that will boost its presence in the lucrative southern European market. The deal is one of three high-profile airline transactions in Europe, underscoring airlines' bid to boost scale to...

05:05 AM EDT, 07/03/2024 (MT Newswires) -- National Amusements reached a preliminary deal to sell its controlling interest in Paramount Global ( PARAA ) to Skydance Media, media outlets reported, citing unnamed sources familiar with the matter. Under the proposed terms of the agreement, Skydance Media will pay $1.75 billion for National Amusements, which owns 77% of Paramount's voting shares,...

NEW DELHI (Reuters) - India has asked power companies to order equipment worth $33 billion this year to fast track capacity additions of coal-fired power in the years ahead, as the South Asian nation struggles to meet booming electricity demand, two government officials said. The unprecedented move by the government, which would result in record tendering in a year for...