BERLIN (Reuters) -Google must pay the German price comparison platform Idealo approximately 465 million euros ($542 million) in damages for market abuse, a Berlin court has ruled. The court found that Google had abused its dominant market position in two case decisions and ordered the U.S. technology giant to pay damages, both rulings can be …
LONDON (Reuters) -The U.S. fund overseeing U.S. President Donald Trump’s critical minerals deal with Ukraine said on Friday it had appointed advisory firm Alvarez & Marsal to help it identify and size up potential opportunities. Ukraine and the U.S. in April signed a deal, heavily promoted by Trump, that gave the United States preferential access …
US-Ukraine critical minerals fund hires advisers A&M to identify projects Read More »
LONDON (Reuters) -Britain’s biggest mobile network providers including Vodafone and BT’s EE are facing a multi-billion-pound lawsuit for allegedly overcharging customers, after a London tribunal ruled on Friday that part of it could continue. The case – which is also brought against Telefonica’s O2 and Hutchison’s Three UK, whose $19 billion merger with Vodafone was …
UK mobile companies face mass lawsuit for allegedly overcharging customers Read More »
By Tom Sims FRANKFURT (Reuters) -The U.S. bank JPMorgan has expanded in Dubai as part of a broader push to grow and do more business with medium-sized companies, an executive told Reuters, as competition in the Middle East intensifies. The move, not previously reported, is a challenge to competitors such as Citigroup, and comes after …
JPMorgan expands in Dubai as Middle East competition heats up Read More »
By Andy Bruce MANCHESTER, England (Reuters) -Confusing messages about Britain’s budget this month are undermining the government’s credibility, investors, businesses and think tanks said on Friday as bond prices tumbled following the latest surprise change of tone from Westminster. Days after finance minister Rachel Reeves said the only way to stick to her fiscal plans …
Analysis-Investors and business decry British budget messaging ‘fiasco’ Read More »
BERLIN (Reuters) -Swiss gold refiners are interested in setting up shop in the United States in the future, said a senior Swiss economic affairs official on Friday at a press conference after a tariff agreement was reached with Washington. Switzerland exported nearly 53 billion Swiss francs’ ($66.83 billion) worth of gold to the United States …
Swiss gold refiners interested in setting up in US, says official Read More »
(Reuters) -UK stocks slipped on Friday as gilt yields jumped on reports the British government had scrapped plans to increase income tax in its upcoming budget, though markets still secured modest weekly gains. The blue-chip FTSE 100 fell 1.1%, marking its steepest one-day decline since April 9, when global markets reeled from U.S. President Donald …
UK stocks fall as gilt yields surge on reports of Reeves’ tax plan reversal Read More »
By Gus Trompiz PARIS (Reuters) -The container shipping industry is bracing for a challenging year as new vessels boost capacity while demand slows, French group CMA CGM said on Friday, citing early orders in 2025 driven by trade tensions. CMA CGM, the world’s third-largest container line, reported on Friday core EBITDA (earnings before interest, taxes, …
CMA CGM flags tough year ahead as shipping faces overcapacity, falling demand Read More »
By Andrew MacAskill, Alistair Smout and Kate Holton LONDON (Reuters) -British finance minister Rachel Reeves has no plans to raise income tax rates in this month’s budget due to improved fiscal forecasts, a source said, a policy U-turn that caused government borrowing costs to surge on Friday. Reeves is expected to need to raise tens …
UK’s Reeves abandons plans to raise income tax rates, roiling markets Read More »
(Reuters) -Chrysler-parent Stellantis is recalling 112,859 U.S. vehicles over possible engine failure or compartment fire, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. The NHTSA pointed to debris inside the engine as a cause but did not offer more details. The U.S. automaker was recalling some 2023-2025 Jeep Grand Cherokee 4XE and …
Stellantis to recall nearly 113,000 US vehicles, NHTSA says Read More »
