MADRID (Reuters) – Spanish lawmakers on Thursday voted to eliminate a temporary tax on energy companies in a setback for the minority government that still plans to reimpose the levy by decree, according to the budget minister. The tax, of 1.2% for companies with a turnover of at least 1 billion euros, is one of …
Spain’s utilities tax suffers defeat in parliament Read More »
By Paul Arnold and Tristan Veyet ZURICH (Reuters) -Swiss technology firm SoftwareOne said on Thursday it had agreed to buy Crayon Group in a stock and cash deal which values its Norwegian competitor at $1.4 billion. Around 70% of the combined entity’s revenue would be related to business with Microsoft, Crayon CEO Melissa Mulholland said …
SoftwareOne to buy Norway’s Crayon in $1.4 billion Microsoft-focused takeover Read More »
MILAN (Reuters) – Italy’s Banco BPM has struck a deal with trade unions on 550 new hirings in exchange for 1,110 voluntary early retirements, the FABI banking sector union said on Thursday. (Reporting by Andrea Mandala, writing by Alvise Armellini, editing by Gavin Jones)
AMSTERDAM (Reuters) – Dutch regulators on Thursday threatened to close down one of Tata Steel’s main ovens at its massive plant in IJmuiden if it doesn’t limit pollution within a year. The regulators said Tata’s coke oven at the plant continued to operate in breach of environmental regulations and they would consider revoking the licence …
Tata Steel’s Dutch plant gets year to clean up coke oven Read More »
LONDON (Reuters) – Britain plans to simplify often complex and unclear documentation handed to investors to boost confidence and drive investments, in what one lawyer called the biggest shift to date from European Union retail regulation. The Financial Conduct Authority (FCA) said on Thursday it wanted to replace current investor information with a simpler and …
UK watchdog plans to simplify investment information, in shift from EU Read More »
LONDON (Reuters) -An Australian computer scientist who falsely claimed he invented bitcoin was sentenced for contempt of court on Thursday for bringing a 911 billion-pound ($1.2 trillion) lawsuit against Twitter founder Jack Dorsey’s payments company Block in Britain. Craig Wright had long claimed to have been the author of a 2008 white paper, the foundational …
Self-proclaimed bitcoin inventor in contempt of court over $1.2 trillion UK lawsuit Read More »
By Anousha Sakoui, Anirban Sen and Kane Wu LONDON/NEW YORK/HONG KONG (Reuters) – Bankers expect global deal volumes to surpass $4 trillion next year, the highest in four years, buoyed by U.S. President-elect Donald Trump’s promise of less regulation, lower corporate taxes and a broadly pro-business stance. The total value of mergers and acquisitions (M&A) …
Dealmakers eye $4 trillion-plus M&A haul in 2025 on Trump boost Read More »
PARIS (Reuters) – France’s antitrust agency has fined 12 household appliance makers and distributors, including Electrolux, Whirlpool and LG, a total of 611 million euros ($635 million) for price fixing between 2007 and 2014. “These practices reduced competition between distributors and kept prices artificially high for end consumers,” the competition authority said on Thursday. Ten …
France fines 12 household appliance firms $635 million for price fixing Read More »
(Reuters) -Activist investor Palliser Capital and over 100 other shareholders on Thursday sought a resolution over a review of Rio Tinto’s dual-listed model, in a bid to unify the miner’s corporate structure. Earlier this month, UK-based Palliser pushed Rio Tinto to abandon its primary London listing and unify its corporate structure in Australia, saying about …
Rio Tinto shareholders call for resolution on review of dual-listed structure Read More »
BUDAPEST (Reuters) – The United States granted an exemption for gas payments on Thursday from sanctions it had imposed on Russia’s Gazprombank, Hungarian Foreign Minister Peter Szijjarto said in a video posted to social media. The U.S. imposed sanctions on Gazprombank on Nov. 21, creating an obstacle for European buyers of Russian gas. Buyers had …
US exempting gas payments from Russia Gazprombank sanctions, Hungary says Read More »
