By Valentina Za and Giuseppe Fonte MILAN (Reuters) -UniCredit CEO Andrea Orcel has been drawing up plans to take over Banco BPM for years and was almost ready to pull the trigger, two sources close to the matter said. But instead of being able to choose the right moment, UniCredit had to rush out a …
UniCredit’s Orcel was plotting bid before Banco BPM forced hand, sources say Read More »
A look at the day ahead in European and global markets from Kevin Buckland A momentous couple weeks for global central banks brings policy decisions from two of the biggest on Thursday: the European Central Bank and the Swiss National Bank. Rate cuts by both are not in question, but how deep those cuts will …
Morning bid: ECB, Swiss set to cut, but by how much? Read More »
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court dismissed on Wednesday an appeal by artificial intelligence chipmaker Nvidia seeking to avoid a securities fraud lawsuit by shareholders who accused the company of misleading investors about how much of its sales depended on the volatile cryptocurrency market. The justices, who heard arguments in the case …
US Supreme Court dismisses Nvidia’s bid to avoid securities fraud suit Read More »
By Foo Yun Chee BRUSSELS (Reuters) – More than 20 price comparison websites across Europe on Wednesday criticised Google’s proposed changes to its search results, saying they still fail to comply with EU tech rules and urged regulators to impose charges against the Alphabet unit. Google has been discussing with the comparison sites, hotels, airlines, …
Rivals criticise Google’s search result changes, call for EU antitrust charges Read More »
By Susanna Twidale LONDON (Reuters) – Britain’s energy regulator Ofgem has proposed reforming how companies deal with customers who owe money and said they should offer tariffs free of some charges as household energy debts hit almost 4 billion pounds ($5.1 billion). The Labour government has promised to deliver higher living standards across every region of …
UK regulator proposes reforms as household energy debts hit $5 billion Read More »
(Reuters) – Britain’s housing market strengthened further in November although uncertainty over the economic outlook could curtail activity in the months ahead, according to a survey on Thursday from the Royal Institution of Chartered Surveyors. RICS’ monthly house price gauge jumped to +25 in November from +16 in October, its highest level since September 2022. …
UK housing market gathers pace despite cloudy outlook, RICS survey shows Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – Europe could recycle enough battery materials to supply two million electric vehicles (EVs) in 2030, but energy costs and a lack of financial support mean it is unlikely to do so, a report published on Thursday found. To boost resilience and competitiveness, the 27-nation European Union is trying to …
Europe set to miss potential for battery material recycling Read More »
By Kirstin Ridley LONDON (Reuters) – Britain’s Financial Conduct Authority is promising millions of people help with their pensions under new proposals that include offering access to free, targeted support to allow consumers to make more informed decisions about their retirement. Laying out the plans on Wednesday evening, the FCA said the proposals were part …
UK watchdog suggests free, targeted pension support Read More »
By Isla Binnie and Megan Davies NEW YORK (Reuters) – Artificial intelligence is expected to show big gains in productivity at banks, panelists said at the Reuters Next conference in New York, but it has so far been harder to make money from the technology. Major banks have been applying AI to virtual assistants for …
AI a productivity boost to banks but making money from it is a challenge Read More »
ROME (Reuters) – Italy will focus its domestic web tax on big tech companies while shunning small and medium-sized enterprises (SMEs) and publishing groups, policymakers said on Wednesday. The move comes despite recent renewed calls from the United States for the Italian government to scrap the scheme. In 2019, Rome introduced a 3% levy on …
Italy to focus impact of web tax on big tech, shielding small firms Read More »
