By Julia Payne BRUSSELS (Reuters) – The woman tipped to become the European Union’s next antitrust chief has pledged to intensify the bloc’s crackdown on Big Tech and foreign companies receiving unfair state subsidies to buy EU peers or take part in EU tenders. The EU passed the landmark Digital Markets Act in 2022, which …
EU antitrust chief nominee vows to intensify Big Tech crackdown Read More »
(Reuters) -British sportswear and apparel retailer Frasers Group walked away from its attempts to buy Mulberry on Wednesday, citing a lack of engagement from the British luxury brand’s board after two proposals were rejected. Frasers did not get the backing of Mulberry’s top investor Challice – controlled by billionaires Christina Ong and Ong Beng Seng – …
Mike Ashley’s Frasers drops plan to buy luxury brand Mulberry Read More »
By Jan Strupczewski BRUSSELS (Reuters) – The European Union’s next long-term budget should focus on fewer programmes and link reforms to investment to help channel EU cash into areas that the EU prioritises, the bloc’s Budget Commissioner-designate Piotr Serafin said. His remarks came as written answers to questions from the European Parliament, which will have …
EU budget must be more focused, link reforms and investment, commissioner-designate says Read More »
(Reuters) -German shipbuilder Luerssen and defence group Rheinmetall could emerge as potential suitors for the warship division of conglomerate Thyssenkrupp, two people familiar with the matter said. It comes a day after news that private equity firm Carlyle had dropped out of the process for Thyssenkrupp Marine Systems (TKMS), in what was a blow to …
Luerssen, Rheinmetall among potential suitors for Thyssenkrupp marine unit, sources say Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union’s spending watchdog on Wednesday criticised the European Commission for not fully assessing the need for public subsidies to support the green transition or determining whether they would distort the EU’s single market. The European Court of Auditors (ECA) issued four main recommendations in an embarrassing rebuke …
EU spending watchdog rebukes Commission over subsidy strategy Read More »
By Ron Bousso LONDON (Reuters) – Top British North Sea producer Harbour Energy wants to sell stakes in North Sea oilfields and is reviving plans for a U.S. listing, sources said, as more firms scale back investments ahead of new tax increases on the sector. The Labour government, which was elected in July, wants to …
Exclusive-Harbour Energy joins North Sea producers’ retreat ahead of tax hikes Read More »
WASHINGTON (Reuters) -The recent flow of relatively weak data on the euro zone economy has raised questions about the bloc’s prospects but the European Central Bank still expects the recovery to take hold, ECB chief economist Philip Lane said on Wednesday. Growth has been weak for most of the past two years on feeble consumption, …
Weak euro zone growth data raises some questions about recovery, Lane says Read More »
WARSAW (Reuters) – Poland’s largest fashion retailer LPP said its revenue could increase by more than 20% year-on-year in the third quarter, in an upbeat outlook that coincided with unexpectedly weak official data on the country’s retail sales. Polish retail sales fell 3.0% year on year in September, statistics office data showed on Tuesday, which …
Polish fashion retailer LPP optimistic on third-quarter sales Read More »
By Amina Niasse NEW YORK (Reuters) – Most U.S. states do not currently cover highly sought after weight-loss drugs from Novo Nordisk and Eli Lilly in their Medicaid health programs for low income people, citing cost as a key factor, according to a survey conducted by health research firm KFF. The survey of the 50 …
US Medicaid programs say cost a key factor for weight-loss drug coverage, survey finds Read More »
MOSCOW (Reuters) – Russian investment holding company Rasperia is demanding that a Russian court force the sale of its frozen stake in Vienna-based construction group Strabag to the Russian unit of Raiffeisen Bank International, Russia’s Vedomosti daily reported. The Russian court’s freezing of RBI’s shares in local arm Raiffeisenbank has blocked the biggest Western bank …
