By Kate Abnett BRUSSELS (Reuters) – The European Commission may consider scaling back its carbon border levy to just 20% of the companies covered by the scheme, because they account for nearly all of the emissions involved, the EU’s head of climate policy said on Thursday. The move, part of attempts to lighten the regulatory …
EU considers exempting most companies from carbon border levy Read More »
MADRID (Reuters) – Hotelbeds owner HBX Group set the indicative share price for its initial public offering at 11.50 euros ($11.93) per share, the Spanish travel technology company said on Friday in a filing to market supervisor CNMV. HBX Group said last week it intended to raise 725 million euros from the IPO, which is …
Hotelbeds owner HBX Group sets indicative IPO share price at 11.5 euros Read More »
By Gavin Jones, Alberto Chiumento and Angelo Amante ROME (Reuters) – After three decades of wage stagnation, workers in Italy have plenty to protest about, yet strikes over pay are rare and seldom last more than a day, prompting growing questions about the role of the country’s trade unions. Italy is the only advanced country …
Analysis-Big but toothless – Italy’s unions blamed for wage stagnation Read More »
MILAN (Reuters) – CVC Capital Partners has sounded out Italian government officials over its plans to buy Vivendi’s stake in Telecom Italia (TIM), two sources familiar with the matter told Reuters. CVC needs to win Rome’s backing because the government has the powers to vet any investment handing the buyer a stake in TIM higher …
CVC sounds out Italy over plans to buy Telecom Italia stake, sources say Read More »
By Jan Strupczewski BRUSSELS (Reuters) – European Union governments are considering a wider definition of what is defence investment to allow for more government spending that would not trigger punitive EU action for excessive borrowing under the bloc’s fiscal rules, officials said. The push for more leeway on defence expenditures comes with Russia’s war in …
EU eyes tweak to fiscal rules to allow more defence spending Read More »
By Louise Rasmussen COPENHAGEN (Reuters) -Danske Bank beat forecasts for fourth-quarter profit on Friday, closing out a record year, and announced a share buyback plan and extraordinary dividends, sending its shares up 7%. Rising customer activity and low loan losses helped Denmark’s largest lender achieve an annual net profit of 23.63 billion Danish crowns ($3.29 …
Danske Bank shares up 7% on earnings beat, dividend Read More »
FRANKFURT (Reuters) – The European Central Bank may still be several interest rate cuts away from the level where it stops holding back economic growth, it said in a paper on Friday, though it downplayed the significance of the latest estimate. The neutral or natural level for the deposit rate, which neither stimulates nor restricts …
ECB still has several rate cuts to go before hitting ‘neutral’ level, paper finds Read More »
(Reuters) – Netflix is considering a bid for Formula One’s U.S. broadcasting rights from the 2026 season, according to media reports on Friday, at a time when the streaming giant is making significant investments to grow live sports content. A potential deal could enable Netflix to leverage the success of its hit docu-series “Drive to …
Netflix considers bid for F1’s US broadcast rights, media reports Read More »
By Alberto Chiumento (Reuters) -Swiss nylon maker EMS Chemie said on Friday it had taken steps to mitigate any impact of “punitive” U.S. tariffs on imports from Europe, as it posted higher net operating income. EMS Chemie, whose major markets are Germany and China, already has two sites in the United States, where it generated …
Nylon maker EMS Chemie says it has taken steps to avoid US tariff fallout Read More »
AMSTERDAM (Reuters) – Europe’s financial sector should start preparing now for quantum computers to be able to break some forms of encryption widely used to protect sensitive data, a Europol-led body set up to address the issue said on Friday. “For the financial industry, the advent of quantum computers poses a risk to customer confidentiality …
Europol body: Banks should prepare for quantum computer risk now Read More »
