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EU should reject automakers’ biofuel plea, says campaign group

By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission should resist automakers' calls to allow cars to run on biofuels beyond 2035 because they are in short supply and not truly carbon-neutral, campaign group T&E said on Thursday. New vehicles in the European ...
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Dutch chipmaker Nexperia urges Chinese units to help restore supply chain

By Kanjyik Ghosh (Reuters) -Dutch chipmaker Nexperia, whose supply chain was broken up when the Dutch government took over the company in September, urged its Chinese units in an open letter on Thursday to help restore normal production. Nexperia's Dutch unit said in an open ...
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Central bank body BIS warns of hedge fund leverage in government bond markets

By Marc Jones LONDON (Reuters) -The new head of the Bank for International Settlements has said reining in hedge funds' ability to make highly leveraged bets in government bond markets should be a key priority for policymakers given rapidly increasing public debt levels. Pablo Hernández de ...
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Exclusive-US defense firm Anduril faces setbacks from drone crashes

By David Jeans, Cassell Bryan-Low and Supantha Mukherjee NEW YORK (Reuters) -A U.S. military plane soared over Florida's Eglin Air Force Base earlier this month and released a drone made by the defense tech giant Anduril Industries to test whether it could take flight and ...
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Exclusive-MSC, BlackRock bid for Hutchison’s Barcelona terminal faces EU probe, source says

By Foo Yun Chee BRUSSELS (Reuters) -BlackRock and MSC's bid for most of CK Hutchison's global port operations faces a hurdle in Europe with EU antitrust regulators set to investigate the Spanish portion of the deal, a person with direct knowledge of the matter said ...
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US SEC probing Jefferies for bankrupt First Brands dealings, FT reports

(Reuters) -The U.S. Securities and Exchange Commission is probing investment bank Jefferies over its relationship with bankrupt auto parts supplier First Brands Group, the Financial Times reported on Thursday, citing people familiar with the matter. The SEC is seeking information from Jefferies about whether it ...
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Dutch prosecutor fines Morgan Stanley 101 million euros for tax evasion

AMSTERDAM (Reuters) -The Dutch Public Prosecutor (OM) has imposed a total fine of 101 million euros ($117.10 million) on two Morgan Stanley entities in London and Amsterdam for dividend tax evasion, it said on Thursday. The penalty is separate from the tax liability Morgan Stanley ...
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Brazil seeks US cooperation as money laundering probe flags Delaware firms

BRASILIA (Reuters) -Brazil's government will seek a cooperation agreement with the U.S. to fight money laundering and the illegal export of weapons, Finance Minister Fernando Haddad told reporters on Thursday. Haddad said U.S.-based funds are being used for money laundering and to disguise foreign investments ...
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How trading wild turkeys for other animals became a conservation success story

CONCORD, N.H. (AP) - No one wants a weasel on their Thanksgiving table, but swapping turkeys for other animals was once surprisingly common. Trading turkeys - for wildlife management, not dinner - was a key part of one of North America's biggest conservation success stories. ...
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Bulgaria withdraws 2026 budget proposal following street protests

SOFIA, Bulgaria (AP) - Bulgaria's government announced Thursday that it is withdrawing its 2026 draft budget, following street protests at home over steep tax increases included in the budget, and warnings from abroad. The surprise move was announced by the leader of the ruling center-right ...
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Hong Kong fire may speed up moves to end use of iconic bamboo scaffolding

BANGKOK (AP) - While the cause of the deadly inferno that swept across a Hong Kong apartment complex remains unknown, questions have been raised about the role of the bamboo scaffolding that enveloped the buildings at the time of the fire. The blaze, which has ...
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Bolivia’s bread shortage highlights subsidy reform challenge

LA PAZ (Reuters) -Shortages of Bolivia's state-subsidized marraqueta bread roll are creating an early test for newly elected President Rodrigo Paz, as dwindling wheat supplies and rising costs squeeze bakers and frustrate consumers. The frustration from bakers and buyers highlights the political risks for Paz, ...
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