Reuters UK Business

By Klaus Lauer and Miranda Murray BERLIN (Reuters) -German business morale fell for a third consecutive month in August, a survey showed on Monday, pushing back recovery hopes for Europe’s largest economy. The Ifo institute said its business climate index fell to 86.6 in August from 87.0 in July, though it came in above a …

German business sentiment falls in August, delaying recovery hopes Read More »

AMSTERDAM (Reuters) -Ride-hailing platform Uber has been fined 290 million euros ($324 million) in the Netherlands for sending the personal data of European taxi drivers to the United States in violation of EU rules, Dutch data protection watchdog DPA said on Monday. Uber has stopped the practice, the DPA added. “This flawed decision and extraordinary …

Uber fined in Netherlands for sending drivers’ data to the US Read More »

PARIS (Reuters) – Russia-born billionaire and Telegram owner Pavel Durov was still being detained for questioning by French police on Monday, local news channel franceinfo reported, after he was arrested and taken into custody at the weekend. “The police custody is continuing on Monday, …and may last up to four days”, the report said. The …

Telegram’s Durov still held by French police, franceinfo reports Read More »

ZURICH (Reuters) -Swiss solar panel maker Meyer Burger said on Monday it was suspending plans for a plant in Colorado as it announced restructuring measures and suggested profitability would be lower than previously expected. “Meyer Burger Technology AG announced today that the planned construction of a solar cell production facility in Colorado Springs, Colorado, USA, …

Meyer Burger halts solar plant in Colorado, plans restructuring Read More »

(Widens distribution.) ZURICH (Reuters) -Nestle intends to keep its Health Science unit, Chairman Paul Bulcke said in a newspaper interview published on Sunday, after the food giant announced it was replacing its CEO Mark Schneider with company veteran Laurent Freixe.  The health business is among the Nestle units which some analysts say could be sold …

Nestle to keep Health Science unit after CEO’s exit, chairman tells paper Read More »

By Ebru Tuncay ISTANBUL (Reuters) – Turkish banks will pay the price throughout next year as challenges linger from the country’s economic turnaround, the chief executive of lender Isbank said in an interview, adding he expects the central bank to begin cutting interest rates this November. CEO Hakan Aran told Reuters that Turkey’s largest private …

Turkey’s Isbank CEO sees challenges ahead, November rate cut Read More »

JACKSON HOLE, Wyoming (Reuters) -The European Central Bank is making “good progress” in cutting inflation back to its 2% target but success is not yet assured, so restrictive monetary policy is still needed, ECB chief economist Philip Lane said on Saturday. The ECB cut interest rates for the first time in June after a record …

ECB making good progress but job not done, Lane says Read More »