By Philip Blenkinsop BRUSSELS (Reuters) – European Union leaders will set multiple deadlines for a deeper single market, more capital for investments and a unified energy market, according to draft conclusions for a summit in November focused on the bloc’s push to boost its competitiveness. The leaders, who meet in Budapest on Nov. 8, are …
EU leaders to set deadlines on bloc’s competitiveness push Read More »
By Martin Coulter (Reuters) – Britain’s antitrust watchdog launched a probe on Thursday into Google parent Alphabet’s partnership with artificial intelligence startup Anthropic over competition concerns. Almost two years after Microsoft-backed OpenAI triggered an AI boom with the release of ChatGPT, regulators around the world have been increasingly concerned by deals struck between big tech …
UK watchdog probes Alphabet’s deal with Anthropic Read More »
By Jonathan Cable LONDON (Reuters) -Euro zone business activity stalled again this month, remaining in contractionary territory as demand from both home and abroad fell despite firms barely increasing their prices, a survey showed on Thursday. HCOB’s preliminary composite euro zone Purchasing Managers’ Index, compiled by S&P Global, nudged up to 49.7 in October from …
Euro zone business activity stuck in a rut, survey shows Read More »
MOSCOW (Reuters) – Russia’s crude oil exports from its three main western ports will drop by 13% in November from the previous month to 1.95 million barrels per day (or some 8 million metric tons) as refinery maintenance season is over, two trade sources said on Thursday. Exports from Russia’s western ports of Primorsk, Ust-Luga …
By Valentina Za MILAN (Reuters) -Italy’s largest bank Intesa Sanpaolo said it would save 500 million euros ($539 million) in staff costs starting from 2028 after reaching an agreement with unions to fund an early retirement scheme for 4,000 employees. The deal Intesa signed late on Wednesday comes days after rival UniCredit negotiated with unions …
Italian bank Intesa strikes deal with unions to cut staff costs Read More »
By Ananya Mariam Rajesh (Reuters) -Keurig Dr Pepper is buying a 60% stake in energy-drink maker Ghost for $990 million, with a plan to purchase the rest in 2028, as it looks to spruce up its refreshment beverages portfolio, they said on Thursday. Energy drinks have garnered popularity mainly among the younger population in the …
Keurig Dr Pepper raises its bets on energy drinks with $990 million deal for Ghost Read More »
By Amy-Jo Crowley LONDON (Reuters) – Swedish gaming operator Cherry is exploring options for its online casino and sports betting subsidiary ComeOn including a sale, two people familiar with the matter said. Cherry would be the latest European gambling group looking to divest its consumer-focused brands in order to focus on its business providing software …
Swedish gaming group Cherry weighs sale of ComeOn, sources say Read More »
By Olga Popova and Gleb Bryanski MOSCOW (Reuters) – Russia’s proposal for a new international grain exchange could take years to get off the ground even though the plan was welcomed by members of the BRICS group of countries at a summit this week in Kazan in Russia. Russia has been pushing to establish the …
Russia’s proposed grain exchange for BRICS countries may take years to launch Read More »
By Savyata Mishra (Reuters) -Hasbro surpassed Wall Street estimates for third-quarter profit as the Monopoly owner benefited from cost controls and strong digital gaming demand, even as weak consumer spending on toys hurt third-quarter sales. Its revenue declined for a ninth straight quarter and fell short of Wall Street expectations, sending shares down about 4% …
Hasbro’s cost-saving efforts drive profit beat even as toy sales drag Read More »
PARIS (Reuters) – Europe’s electricity demand could be significantly lower than government expectations by the end of the decade as faltering economic growth slows the switch to cleaner technologies, a report by McKinsey showed on Thursday. WHY IT’S IMPORTANT Electricity demand growth is a strong indicator of Europe’s industrial competitiveness with other regions, and is …
European power demand set to lag 2030 expectations, McKinsey says Read More »
