LONDON (Reuters) – British subprime lender Morses Club announced on Friday it had abandoned a planed overhaul of its business and rebrand as U Money. Morses said it was scrapping the plan following a review, after it became clear the work would not complete by a revised deadline of the end of the year. The …
Morses Club abandons restructure and rebrand as U Money Read More »
LONDON (Reuters) – The chairman of British Prime Minister Boris Johnson’s Conservative Party said on Friday the country had appropriate support in place for those businesses being hit by a wave of infections from the Omicron coronavirus variant. “We have already put support in place, of course we watch this hour by hour, day by …
UK has appropriate support in place for business, Conservative chairman says Read More »
BERLIN (Reuters) – The downward spiral of new car registrations in Europe since July is easing, industry data showed on Friday, with the number of new vehicles registered in November down 17.5% compared to a 30% fall the previous month. A global semiconductor shortage and other supply chain issues have dampened deliveries of cars globally, …
Downward spiral of new car registrations in Europe slows – ACEA Read More »
(Reuters) – The U.S. Federal Trade Commission has initiated an in-depth probe of Meta Platform Inc’s $400 million deal for the developer of Supernatural, a virtual reality (VR) based fitness app, a move that is expected to slow down its completion, news portal The Information reported on Thursday. Meta may not be able to finalize …
FTC initiates probe into Meta’s $400 million VR deal for Supernatural – The Information Read More »
By Kate Abnett BRUSSELS (Reuters) -Talks between European Union country leaders on energy policy ended with no agreement on Thursday, as states squabbled over how to respond to record-high carbon prices and upcoming green investment rules. EU country leaders met in Brussels for a summit to discuss several issues, including soaring energy prices, but some …
EU energy talks dissolve over carbon, green finance fights Read More »
(Reuters) – Eric Varvel, chairman of Credit Suisse’s investment bank, is in discussions to leave the company, the Financial Times reported on Thursday, citing people briefed on the matter. Varvel, who is also the head of its U.S. holding company, is likely to leave owing partly to his disagreement with Credit Suisse’s new chair Antonio …
Credit Suisse senior executive Eric Varvel likely to leave – FT Read More »
(Reuters) – Enterprise software maker Oracle is in talks to buy electronic medical records company Cerner in a deal that could be valued at $30 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The transaction could bring Oracle a raft of health data to train and improve its artificial …
LONDON (Reuters) – People in Britain turned a bit more pessimistic this month, after the emergence of the fast-spreading Omicron coronavirus variant and inflation worries hit spending plans, a survey showed on Friday. The GfK Consumer Confidence Index dipped to -15 having risen in November for the first time in four months to -14. Joe …
Omicron and inflation chip away at UK consumer confidence – GfK Read More »
By Jan Strupczewski BRUSSELS (Reuters) – European Union leaders reiterated on Thursday their political commitment to finishing the bloc’s banking union, but set no date for it, underlining the deep disagreements between governments on what needs to be done to get there. The EU’s banking union is now set up for the 19 countries sharing …
EU leaders set no date for banking union, ask for plan to get there Read More »
By Stefanie Eschenbacher and Erwin Seba MEXICO CITY/HOUSTON (Reuters) – Royal Dutch Shell on Thursday confirmed a Reuters report that the sale of its controlling interest in a Texas refinery to Mexican state oil company Petroleos Mexicanos has been delayed until next year. A review of the deal by the Committee on Foreign Investment in …
Royal Dutch Shell confirms delay in sale of Texas refinery to Mexico’s Pemex Read More »
