SINGAPORE (Reuters) – Bitcoin surged to a two-week high on Monday after the attempted assassination of U.S. presidential candidate Donald Trump raised the odds of the former president, who has presented himself as a champion of cryptocurrency, winning the upcoming election. Trump said he was shot in the ear during the attack at a rally …
Bitcoin soars to two-week high after Trump attack Read More »
By Marc Jones LONDON (Reuters) -The financial future of Britain’s biggest water firm, Thames Water, looks increasingly uncertain in the wake of new pricing and spending limits laid out by regulator Ofwat, according to investment bank JPMorgan. Britain’s regulator told water companies last week they needed to fix leaks and cut sewage spills without raising …
Rising risk of UK’s Thames Water being broken up, JPMorgan warns Read More »
By Shristi Achar A and Shashwat Chauhan (Reuters) -European shares drifted lower on Monday after dour updates from luxury companies weighed on the sector, while sentiment remained fragile following the assassination attempt on U.S. presidential candidate Donald Trump over the weekend. The continent-wide STOXX 600 closed 1% lower, snapping a three-session winning streak. Leading losses …
European shares fall, led by luxury sector, utilities Read More »
WARSAW (Reuters) – Poland’s antitrust and consumer protection watchdog imposed a fine of 106.6 million zlotys ($27.3 million) on PayPal Europe for failing to spell out to consumers in its contractual clauses activities for which they may be fined, UOKiK said on Monday. UOKiK said that prohibited activities which could incur penalties were described in …
PayPal fined $27.3 million by Polish watchdog for ambiguous clauses Read More »
By Jan Strupczewski BRUSSELS (Reuters) – Any new French government will have to abide by the European Union’s rules on debt and deficit reduction, top European Commission and German officials said on Monday as EU finance ministers met to approve a tighter fiscal policy for 2025. Euro zone ministers endorsed an earlier agreement to slightly …
France will have to abide by EU budget rules, say Germany and Commission Read More »
By Tim Hepher, Giulia Segreti and Tassilo Hummel PARIS (Reuters) – European aerospace groups Airbus and Thales are exploring a tie-up of some space activities as new competition disrupts the sector, two industry sources said. The sources said preliminary talks were focusing on their overlapping satellite activities. Both companies declined to comment on the discussions, …
Airbus and Thales explore tie-up of space activities, sources say Read More »
By Tommy Reggiori Wilkes and Yadarisa Shabong LONDON (Reuters) – British regulators said on Monday they were looking into the soaring use of digital wallets offered by Big Tech firms, including whether there are any competition, consumer protection or market integrity concerns. The Financial Conduct Authority and Payments Systems Regulator is seeking views on the …
British regulators to examine Big Tech’s digital wallets Read More »
By Sarah Young LONDON (Reuters) – British luxury group Burberry on Monday sacked its CEO and named former Coach boss Joshua Schulman to replace him, as it promises a “more familiar” look and presses on with efforts to revive the brand by moving upmarket. It also warned on profit and scrapped its dividend, sending its …
UK luxury brand Burberry gets new boss to revive revamp Read More »
By Tom Sims FRANKFURT (Reuters) -Deutsche Bank is expected to post a loss for the second quarter, according to a new analyst consensus forecast published on the bank’s website on Monday. Any loss at Germany’s largest lender would break a streak of 15 consecutive quarters in the black in a setback for the bank’s turnaround …
Deutsche Bank forecast to post quarterly loss, breaking profit streak Read More »
(Reuters) – Dutch company Yandex NV on Monday said it had finalised the divestment of its Russia-based technology assets to a consortium of Russian investors in a cash and shares deal worth around $5.4 billion. The split marks the end of foreign ownership in Yandex, often dubbed “Russia’s Google”, potentially tightening the Kremlin’s control of …
Yandex NV finalises $5.4 billion deal to sell Russian businesses Read More »
