Notizia

Europe's carmakers should wean themselves off fossil fuels from 2040, chief executive of Volkswagen's Audi said on Friday, calling for quicker expansion of renewable energy capacity in Bavaria, where Audi is based, and elsewhere.

Investors have discounted Marine Le Pen winning the French presidency on Sunday, so an upset would cause a selloff in French government bonds and dent the euro, fund managers and economists told the Reuters Global Markets Forum.

The euro edged lower on Friday after European Central Bank officials made mixed comments, while expectations of a 50 basis points (bps) rate hike from the Federal Reserve supported the U.S. dollar.

European Central Bank President Christine Lagarde told policymakers to hold back on dissenting views on decisions for several days, a move critics say stymies their ability to present an honest view of the debate, sources said.

LONDON (Reuters) -Oil slipped on Friday, burdened by the prospect of weaker global growth, higher interest rate and COVID-19 lockdowns in China hurting demand even as the European Union considered a ban on Russian oil that would further tighten supply.

German business software group SAP on Friday flagged a 300 million euro ($325.3 million) hit to sales from its planned exit from Russia, after strength in its cloud business helped it beat first-quarter revenue estimates.

PARIS (Reuters) -French carmaker Renault said on Friday that "all options are on the table" for separating its electric vehicle (EV) business, including a possible public listing in the second half of 2023.

STOCKHOLM (Reuters) -Swedish truck maker AB Volvo reported a surprise rise in first-quarter core earnings on Friday, as it juggled strong market demand with a strained supply chain that has limited its capacity to keep up with orders.

European shares wilted as traders ramped up interest rate hike bets following hawkish comments from central bank officials, while German software giant SAP and French luxury goods company Kering fell after reporting first-quarter results.