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BRUSSELS (Reuters) – The European Commission said on Friday it had requesting Amazon provide more information on the measures the U.S. e-commerce giant has taken to comply with its Digital Services Act (DSA) obligations. “In particular, Amazon is asked to provide detailed information on its compliance with the provisions concerning transparency of the recommender systems …

EU asks Amazon for more info on Digital Services Act compliance Read More »

By Andreas Rinke and Maria Martinez BERLIN (Reuters) -Germany’s coalition government clinched a 2025 budget deal on Friday that will stick to the country’s tight borrowing rules while offering a package to rev up stuttering growth and support businesses in Europe’s largest economy. The deal was reached after months of negotiations in Chancellor Olaf Scholz’s …

Germany clinches budget deal to keep debt brake but boost growth Read More »

LONDON (Reuters) – Lufthansa executives on Friday sought to reassure investors about ITA Airways’ financial health after it received EU approval this week to buy 41% stake of the Italian airline. Chief Executive Carsten Spohr said he expected ITA’s business costs to improve further, given Fiumicino airport’s efficiency, adding that he was optimistic that a …

Lufthansa CEO reassures investors of ITA Airways’ financial health Read More »

By Jesús Aguado MADRID (Reuters) -BBVA’s Chair Carlos Torres on Friday told its shareholders that he was fully confident of the success of its 12-billion-euro takeover for smaller rival Sabadell. The bid, which is opposed by the Spanish government, was rejected by Sabadell’s board, prompting BBVA to launch in May a hostile offer directly to …

BBVA’s Chairman tells shareholders bid for Sabadell will be successful Read More »

By Aby Jose Koilparambil and Yadarisa Shabong (Reuters) -British housebuilding companies were the top gainers on the FTSE 100 on Friday as investors welcomed the election victory by the Labour Party, which said it wanted 1.5 million new homes to be built over the next five years. Housing was a key part of the Labour …

UK housebuilding stocks lifted by Labour election win Read More »

ROME (Reuters) – Companies controlled by Italian fashion influencer Chiara Ferragni have agreed to pay at least 1.2 million euros ($1.30 million) to a children’s charity over sales practices that may have misled consumers, Italy’s competition authority (AGCM) said on Friday. The watchdog said that mention of the I Bambini delle Fate children’s charity on …

Ferragni companies to pay charity 1.2 million euros to settle antitrust case Read More »

ROME (Reuters) – UniCredit is willing to consider M&A opportunities if financial conditions are right, but they are not a must, Chief Executive Andrea Orcel said in an interview published on Friday. “M&A is a possibility, not an compulsory choice,” Orcel told Italian regional newspaper La Sicilia. Italy’s second-largest bank has been linked to a …

UniCredit CEO says M&A is a possibility, not a must Read More »

(Reuters) – Shares in Aixtron soared 16% on Friday after a strong second-quarter order intake soothed concerns over weak demand from the key electric vehicles end-market, even as the German chip systems manufacturer cut its sales forecast for the year. The company, which supplies deposition equipment for chipmakers, lowered its outlook late on Thursday citing …

Strong Q2 orders boost Aixtron shares despite lowered outlook Read More »