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Amazon loses court fight against record $812 million Luxembourg privacy fine

19 Mar 2025

By Foo Yun Chee BRUSSELS (Reuters) – Amazon lost its fight against a record 746 million euro ($812.4 million) fine handed out by Luxembourg’s privacy regulator four years ago as a court sided with the watchdog, according to a statement on the regulator’s website. The Luxembourg National Commission for Data Protection (CNPD) said the country’s …

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Burger King UK seeks refinancing, Sky News reports

19 Mar 2025

(Reuters) – Fast food chain Burger King UK is initiating discussions with lenders for a major refinancing to fund its business plan, Sky News reported on Wednesday. The company, supported by private equity firm Bridgepoint, is reportedly seeking an additional 40 million pound ($51.93 million) borrowing capacity to finance the implementation of its business plan. …

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UK finance minister to say fiscal buffer has been rebuilt, Bloomberg reports

19 Mar 2025

LONDON (Reuters) – British finance minister Rachel Reeves is expected to announce next week that she has rebuilt a 9.9 billion pound ($12.83 billion) fiscal buffer, Bloomberg reported on Wednesday citing an unnamed source. This so-called ‘headroom’ refers to the projected surplus of revenue over day-to-day non-investment spending by the 2029/30 tax year. Reeves has …

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Fed policymakers project two rate cuts this year, some see fewer

19 Mar 2025

WASHINGTON (Reuters) -U.S. central bankers on Wednesday signaled they are likely to deliver two quarter-point interest-rate cuts later this year, the same median forecast as three months ago, even as they forecast slower economic growth and higher inflation. But there was substantial disagreement among policymakers about the appropriate path of policy, reflecting uncertainty over how …

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Greece’s OPAP hits record revenue, boosted by online casino and sports betting

19 Mar 2025

(Reuters) -Greece’s biggest gaming firm OPAP reported its highest ever annual gross gaming revenue on Wednesday, driven by the strong performance of online casino games and sports betting. GGR for 2024 climbed 10% to 2.30 billion euros ($2.50 billion), up from 2.09 billion euros a year earlier, while recurring net profit grew 11.9% year-on-year to …

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Europe’s carmakers should steer clear of defence industry, Stellantis’ Elkann says

19 Mar 2025

By Giulio Piovaccari and Angelo Amante ROME (Reuters) – The chairman of Stellantis said on Wednesday that Europe’s automotive industry does not need to convert to defence production, while confirming the group is on course to appoint a new CEO in the first half of this year. As European counties discuss a big increase in …

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FTSE 100 closes little changed with Fed, BoE rate verdicts on horizon

19 Mar 2025

(Reuters) – UK’s FTSE 100 closed flat on Wednesday, as investors maintained caution ahead of the U.S. Federal Reserve’s interest-rate decision later in the day, while gains in energy stocks kept declines in check. The blue-chip FTSE 100 was little changed, while the domestically focused FTSE 250 index edged 0.1% higher. Energy stocks topped sectoral …

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European shares extend gains to fourth session; all eyes on US Fed decision

19 Mar 2025

By Nikhil Sharma and Purvi Agarwal (Reuters) – European shares closed slightly higher on Wednesday, after logging gains in the previous session when Germany inched closer to plans for a massive spending surge, while investors were focussed on the U.S. Federal Reserve’s interest-rate decision. The continent-wide STOXX 600 was up 0.2%, extending gains to a …

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JPMorgan says Russia unlikely to rejoin MSCI global indexes until after 2027

19 Mar 2025

NEW YORK (Reuters) – Russian stocks are likely to need more time to reenter the widely followed MSCI global equity indexes that the most optimistic scenario of two years from June, JPMorgan analysts wrote in a client note. Russia was removed from the MSCI equity indexes, including its emerging markets benchmark, in early March 2022, …

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