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Tennis-Djokovic did not break rules with Kosovo message, says world tennis body

By Shrivathsa Sridhar PARIS (Reuters) – Novak Djokovic’s statement at the French Open that “Kosovo is the heart of Serbia” did not violate any rules because the Grand Slam rulebook does not ban political statements, the International Tennis Federation (ITF) said on Wednesday. The world number three wrote the message on a camera lens after …

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EU seeks compromise over PFOF ban in share trading

LONDON (Reuters) – The European Union’s executive body has proposed a five-year delay on plans for a bloc-wide ban on brokers earning fees in return for directing stock trades to specific trading platforms, a practice known as payment for order flow (PFOF). PFOF drew regulatory scrutiny in 2021 when an army of retail investors flocked …

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Jaguar Land Rover recalling I-PACE vehicles in US over fire risks

By David Shepardson WASHINGTON (Reuters) -Jaguar Land Rover (JLR) said it was recalling nearly 6,400 I-PACE vehicles in the United States due to fire risks because the high-voltage electric vehicle battery may overheat. JLR, which is owned by India’s Tata Motors, on Wednesday said the battery energy control module software will be updated and battery …

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Centre-right lawmakers quit EU talks on nature law

By Kate Abnett BRUSSELS (Reuters) – The biggest lawmaker group in the European Parliament on Wednesday walked out of negotiations on a landmark EU law to protect nature, dealing another blow to the contested proposal. The European Commission is attempting to salvage the planned law, which would set binding targets to restore damaged natural environments …

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Galp eyes final decision on green hydrogen plant this year

By Sergio Goncalves LISBON (Reuters) – Portugal’s oil company Galp hopes to take the final investment decision on its first 100-megawatt (MW) green hydrogen unit by year-end, but still needs to clarify some regulatory and tax issues, a company official said on Wednesday. The Sines refinery, located south of Lisbon, is Portugal’s biggest consumer of …

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Tennis-Kosovo Olympic Committee seeks IOC disciplinary action against Djokovic

PARIS (Reuters) – Kosovo Olympic authorities have asked the International Olympic Committee (IOC) to open disciplinary proceedings against Novak Djokovic, accusing the Serbian of stirring up political tension by saying “Kosovo is the heart of Serbia” at the French Open. Djokovic wrote the message on a camera lens following his first-round win on Monday, the …

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Hungary frees 777 foreigners convicted of people smuggling -statement

BUDAPEST (Reuters) – Hungary has in recent weeks freed 777 foreigners, mostly Serbian, Ukrainian and Romanian nationals, convicted of human-trafficking, the directorate of prisons said on Wednesday in a reply to Reuters questions. Citing overcrowded prisons, Prime Minister Viktor Orban’s government issued a decree in April allowing the release of foreign nationals convicted of people …

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Italy to approve bill to set up funds for strategic firms

By Giuseppe Fonte and Angelo Amante ROME (Reuters) – Italy’s cabinet will on Wednesday approve a bill to create a fund to support domestic strategic firms, government officials said. The new vehicle is expected to invest in firms operating in national “strategic supply chains including the procurement of raw materials”, Industry Minister Adolfo Urso told …

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EU tech chief sees draft voluntary AI code within weeks

By Philip Blenkinsop LULEA, Sweden (Reuters) -EU tech chief Margrethe Vestager said on Wednesday she believed a draft code of conduct on artificial intelligence (AI) could be drawn up within weeks, allowing industry to commit to a final proposal “very, very soon”. Policymakers and many in industry have expressed concern about AI, and particularly content-creating …

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German family-owned Schmid Group aims for SPAC listing on NYSE

By Emma-Victoria Farr FRANKFURT (Reuters) – Germany’s Schmid Group said on Wednesday it plans to list in New York via a special purpose acquisition company (SPAC), in a deal estimated to give the technology firm a valuation of $640 million. The fifth generation family-owned business, which specialises in electronics, would become a publicly-listed company on …

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