A look at the day ahead in European and global markets from Ankur Banerjee While stock markets shrugged off the dim start to 2025, the higher-for-longer U.S. rates theme has left the dollar’s dominance intact, leaving the euro and sterling near multi-month lows. Beyond the worries of the U.S. central bank’s measured rate cut path …
Morning Bid: As stocks waver, dollar remains the surest bet Read More »
By Jonathan Stempel (Reuters) – Apple agreed to pay $95 million in cash to settle a proposed class action lawsuit claiming that its voice-activated Siri assistant violated users’ privacy. A preliminary settlement was filed on Tuesday night in the Oakland, California federal court, and requires approval by U.S. District Judge Jeffrey White. Mobile device owners …
Apple to pay $95 million to settle Siri privacy lawsuit Read More »
By Akash Sriram and Abhirup Roy (Reuters) – Tesla reported its first fall in yearly deliveries on Thursday as lucrative year-end incentives for the Elon Musk-led electric vehicle maker’s aging lineup and the new Cybertruck pickup failed to lure customers wary of high borrowing costs. Musk had earlier predicted “slight growth” in 2024 deliveries and …
Tesla annual deliveries fall for first time as incentives fail to drum up demand Read More »
By David Milliken LONDON (Reuters) – The number of people visiting British shops last year fell by 2.2%, the biggest drop since 2021, industry data showed on Friday, adding to signs of a broader economic slowdown. The British Retail Consortium said footfall in the final quarter of the year – when Christmas spending is key …
UK shopper numbers fell last year by most since pandemic, BRC says Read More »
(Reuters) – British finance minister Rachel Reeves has warned ministers that they will have to consider cuts to frontline services if they want to fund above-inflation pay rises for public-sector workers, The Times reported on Thursday. The Treasury has taken a hardline stance and told ministers that there will be no additional funding and that …
(Reuters) – Swisscom said on Thursday that it has completed its acquisition of competitor Vodafone Italia, which it will now begin merging with its Italian business Fastweb. The Swiss telecoms group said costs in the amount of up to 200 million euros ($207.20 million) would be recognised in its 2024 financial results due to the …
Swisscom revises down earnings outlook after Vodafone Italia acquisition complete Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – A record number of activist shareholders mounted campaigns at global companies in 2024, a Barclays report showed on Thursday, as their pressure tactics produced strong returns, and further growth is likely this year. “Looking back to 2024, it feels almost as if there was a shareholder revolt,” said …
Record number of activist investors joined shareholder rebellion in 2024 Read More »
OSLO (Reuters) -Equinor’s Hammerfest LNG plant in Arctic northern Norway has suffered an unexpected outage due to a compressor failure, halting all output for one week, the company said on Thursday. The Hammerfest plant, also known as Melkoeya LNG, has the capacity to deliver about 6.5 billion cubic metres of gas per year, enough to …
Equinor’s Hammerfest LNG plant shut for one week by compressor failure Read More »
COPENHAGEN (Reuters) – Norway’s Equinor said on Thursday it had secured a financing package of more than $3 billion for its Empire Wind 1 offshore wind power project in the United States. The company expects the total capital investments, including fees for the use of the South Brooklyn Marine Terminal, to be around $5 billion, …
Equinor secures $3 billion financing for U.S. Empire Wind 1 project Read More »
(Reuters) -The UK’s FTSE 100 advanced higher on Thursday, the first trading session of the year, boosted by gains in commodity-linked stocks. The blue-chip FTSE 100 rose 1.1% to an over two-week high, logging its best day since Nov. 22. The mid-cap FTSE 250 was near flat after touching a two-week high earlier in the …
FTSE 100 hits a two-week high in kick-off to new year trade Read More »
