STOCKHOLM (Reuters) – Electrolux said on Thursday it had been fined 44.5 million euros ($46.3 million) by the French Competition Authority in an antitrust case, and that the sum was covered by an accounting provision it made in 2023. The previously announced investigation was into alleged breaches of antitrust rules in France by the Swedish …
France fines Electrolux $46 million in 2009-2014 antitrust case Read More »
By John O’Donnell and Alexandra Schwarz-Goerlich VIENNA (Reuters) – Raiffeisen Bank International, the biggest Western bank in Russia, faces a Russian court ruling next week in a $2 billion case that has frozen its business in the country, escalating a dispute with Moscow. RBI has been under pressure from authorities in the U.S. and Europe …
Raiffeisen faces crunch court ruling in multi-billion dollar Russia dispute Read More »
(Reuters) – Czech billionaire Daniel Kretinsky’s energy holding company EPH has signed a deal to acquire Italian group Enel’s stake in Slovak electricity producer Slovenske Elektrarne, the companies said late on Wednesday. EPH will buy Enel’s 50% stake in their joint holding company, which owns 66% of Slovenske Elektrarne, Slovakia’s main energy utility, in which …
Czech billionaire Kretinsky’s EPH to buy Enel stake in Slovak utility Read More »
MILAN (Reuters) – Italy’s competition watchdog AGCM closed an investigation into Booking.com as it found commitments offered by the online travel platform sufficient to address the competition concerns it had raised, it said on Thursday. AGCM opened in March a probe into Booking.com to establish whether the travel website was abusing its dominant market position …
Italy regulator ends Booking.com probe as commitments ease competition concerns Read More »
COPENHAGEN (Reuters) – Finland’s Fortum said on Thursday it had agreed to buy a project development portfolio for renewable power from Finnish energy company Enersense for around 9 million euros ($9.37 million). The portfolio includes 2.6 gigawatt (GW) of early-stage onshore wind development projects in Finland, Fortum said in a statement. It said it expects …
Fortum to buy renewable power portfolio for $9.4 million Read More »
MILAN (Reuters) – Italy’s Prada and eyewear maker EssilorLuxottica said on Thursday they renewed the licensing agreement for the production and worldwide distribution of eyewear under the Prada, Prada Linea Rossa and Miu Miu brands. The existing deal, set to expire at the end of 2025, will be extended to end-2030, with the provision to …
EssilorLuxottica and Prada extend eyewear licensing agreement Read More »
(Reuters) -British regulator Ofwat said on Thursday it plans to fine Thames Water 18 million pounds ($22.67 million) for breaking dividend payment rules, the first time the watchdog is taking action against water firms that do not link payouts to performance. Debt-saddled Thames Water, which has 16 million customers, has become a poster child for …
Struggling Thames Water fined $23 million for breaking dividend rules Read More »
BERLIN (Reuters) – German consumer sentiment is expected to improve slightly at the start of next year but at a low level as high food and energy prices and job insecurity weigh on households, a survey showed on Thursday. The consumer sentiment index, published by GfK and the Nuremberg Institute for Market Decisions (NIM), rose …
German consumer sentiment outlook modest after slight pickup, GfK finds Read More »
BRUSSELS (Reuters) – Vaeridion, a German aviation firm developing an electric microliner as the aviation industry makes a push to cut emissions, said it had raised 14 million euros ($14.70 million). The company, founded in 2021 by former Airbus managers Ivor van Dartel and Sebastian Seemann, said the money raised would be used in its …
Aviation firm Vaeridion, founded by ex-Airbus execs, raises 14 million euros Read More »
By William Schomberg LONDON (Reuters) -British manufacturers reported the biggest fall in output since the COVID-19 pandemic in late 2024 and they are even more downbeat about the start of next year, according to a survey that adds to signs of a loss of momentum in the economy. The Confederation of British Industry said a …
UK factories report plunge in output, adding to economic slowdown signs Read More »
