By Stefano Rebaudo (Reuters) – Sterling edged up versus the dollar and the euro on Tuesday after UK labour data supported the view that the British economy was on a solid footing. Pay growth cooled in the three months to July to a more than two-year low, and employment shot higher, according to data on …
Sterling edges up versus dollar and euro after UK data Read More »
By Pranav Kashyap (Reuters) – European shares climbed on Tuesday, boosted by the real-estate sector, while investors also awaited the widely expected rate cut by the European Central Bank later in the week. The pan-European STOXX 600 index rose 0.3% after gaining nearly 1% on Monday. Rate-sensitive real estate sector advanced 1% ahead of the …
By DhanushVignesh Babu (Reuters) -British semiconductor wafer maker IQE said on Tuesday it expects annual profit to be at the lower end of analysts’ estimates as some of its markets were slower to recover from a supply glut, sending its shares 13% lower. IQE, whose ‘epi-wafers’ are used in the iPhone’s facial recognition sensors, expects …
Apple supplier IQE expects annual profit at lower end of market view Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Apple on Tuesday lost its fight against an order by EU competition regulators to pay 13 billion euros ($14.4 billion) in back taxes to Ireland as part of an EU crackdown against sweetheart deals between EU countries and multinationals. The European Commission issued the order in 2016, saying that …
Apple loses fight against $14.4 billion EU tax order to Ireland Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google on Tuesday lost its fight against a 2.42 billion euro ($2.7 billion) fine levied by EU antitrust regulators seven years ago, one of a trio of hefty fines meted out to the company for various anti-competitive practices. The European Commission fined the world’s most popular internet search …
Google loses fight against $2.7 billion EU antitrust fine Read More »
By Max A. Cherney, Kenrick Cai CUPERTINO, California (Reuters) -Apple on Monday unveiled its artificial intelligence-boosted iPhone 16, showing off the long-awaited device hours after Chinese rival Huawei’s tri-fold phone began racking up orders. “The next generation of iPhone has been designed for Apple Intelligence from the ground up. It marks the beginning of an …
Apple debuts iPhone 16 with AI software in American English coming next month Read More »
BELO HORIZONTE, Brazil (Reuters) – Anglo American hired financial advisers to sell two nickel mines in Brazil, the miner’s country head, Ana Sanches, told journalists on Monday. At an event in Belo Horizonte, Sanches said the company has already mapped firms with potential interest in buying the mines, which are located in the cities of …
Anglo American hired advisers to sell two nickel mines in Brazil, says country head Read More »
By Divya Rajagopal TORONTO (Reuters) – Electric vehicle battery maker Northvolt is moving ahead with plans to open a C$7 billion battery plant in Canada but at a slower pace in light of its announcement on Monday it would review spending plans and mull job cuts. Construction work at the Swedish company’s Montreal plant site …
Battery maker Northvolt moves ahead in Canada but at slower pace Read More »
By Amy-Jo Crowley LONDON (Reuters) – British payments technology company Pockit is in talks to take control of UK challenger bank Monese’s consumer arm, two people familiar with the matter told Reuters. Under the proposed deal Pockit will buy Monese for a nominal sum and inject capital into its direct-to-consumer arm to boost regulatory capital …
UK payments firm Pockit in talks to buy Monese consumer arm, sources say Read More »
By Siddharth Cavale NEW YORK (Reuters) -The U.S. Federal Trade Commission urged a federal judge in New York to block Tapestry’s $8.5 billion merger with rival handbag maker Capri Holdings at a trial on Monday, arguing it will eliminate fierce competition in the market for “accessible luxury.” The FTC argues the merger announced in August …
Competitive dynamics in focus as US tries to stop Tapestry-Capri merger Read More »
