(Reuters) – Russia’s services sector activity expanded slightly faster in October than in the previous month as output and new orders rose again, a business survey showed on Wednesday. The S&P Global Purchasing Managers’ Index for Russian services rose to 51.6 in October from 50.5 in September, moving further above the 50 mark that separates …
Russian services sector growth accelerates in October, PMI shows Read More »
A look at the day ahead in European and global markets from Wayne Cole. It’s been a wild ride in markets with the dollar and Wall Street futures surging while Treasuries took a beating as early results in the presidential election favoured Republican Donald Trump. Several key battleground states were still to be called, but …
By Foo Yun Chee (Reuters) -Apple is set to be fined by the European Union’s antitrust regulators under the bloc’s landmark rules aimed at reining in the power of Big Tech, making it the first company to be sanctioned, sources with direct knowledge of the matter said on Tuesday. The regulators charged in June that …
Apple set to face fine under EU’s landmark Digital Markets Act, sources say Read More »
By Lisandra Paraguassu BRASILIA (Reuters) – The European Union expects to close the trade agreement with South American bloc Mercosur by the end of the year, the EU commissioner for crisis management told Reuters late last week, although noting there were still differences to be solved. Janez Lenarcic, who is not directly participating in the …
WARSAW (Reuters) – Decarbonising Poland by 2050 would require investments worth about $450 billion, but could boost gross domestic product by an extra 4%, according to a World Bank report on Wednesday. Poland has agreed to stop mining coal for energy production by 2049 and is now working on a new version of the national …
Decarbonising by 2050 could boost Poland’s economy by 4%, World Bank says Read More »
(Reuters) -Prudential PLC on Wednesday posted a 11% rise in new business profit for the first nine months of fiscal 2024, as the Asia-focused insurer benefited from strong performance from all its segments. The company uses various channels to distribute its products, which has led to broad-based growth in new business profit across regions like …
Insurer Prudential’s nine-month profit rises on strong performance by segments Read More »
(Reuters) -Novavax said on Tuesday that it has entered into a termination and settlement agreement with the UK Health Security Agency (UKHSA) related to its COVID-19 vaccine supply agreement. Under terms of the deal, the company and the UKHSA agreed to settle the outstanding amount under dispute related to upfront payments received by Novavax from …
CAIRO (Reuters) -Carrefour’s Middle East franchisee Majid Al Futtaim has suspended Carrefour Jordan and is replacing it with a new brand, Hypermax, it announced on Tuesday, without giving a reason for the decision. Carrefour Jordan had announced late on Monday in a Facebook post that it would no longer operate in the country. Jordanian activists …
Majid Al Futtaim replaces Carrefour in Jordan with what it calls new Arab grocery chain Read More »
By David Milliken LONDON (Reuters) -Britain’s Office for Budget Responsibility has shifted from an approach of trust towards the finance ministry to one of “trust but verify” after inaccurate spending forecasts provided before March’s budget statement under the last Conservative government. Last week, the OBR said the Treasury had failed to share information about large …
UK budget watchdog adopts ‘trust but verify’ approach to finance ministry Read More »
MILAN (Reuters) -Italy’s data protection authority said on Tuesday Intesa Sanpaolo had underestimated the seriousness of a data breach incident involving thousands of customers, widely reported to include Prime Minister Giorgia Meloni. Last month, the authority asked the bank to provide clarification over the case involving an Intesa employee who allegedly accessed the data of …
Italy’s privacy watchdog raps Intesa over data breach incident Read More »
