(Reuters) -Barclays is selling its German consumer finance business to Austrian bank BAWAG Group AG for a small premium to net assets, it said on Thursday, as the British lender aims to simplify its business. The sale of the Hamburg-based Barclays unit to BAWAG will give the Austrian bank the ability to expand its loan …
UK’s Barclays to sell German consumer finance business Read More »
(Reuters) -Mobile telecoms equipment maker Ericsson said on Wednesday it will record a noncash impairment charge of 11.4 billion Swedish crowns ($1.09 billion) in the second quarter of 2024, the second writedown on its acquisition of Vonage. The impairment charge reflects lower anticipated market growth in some of Vonage’s current portfolio, the company said in …
Ericsson to book $1.1 billion impairment on weaker outlook for Vonage Read More »
By Georgina McCartney and Robert Harvey HOUSTON/LONDON (Reuters) – U.S. crude shipments bound for Europe fell to a two-year low in June as European buyers bought cheaper regional and West African oil, traders and analysts told Reuters. Exports of U.S. crude to Europe slowed to 1.45 million barrels per day (bpd) last month, the lowest …
US crude exports to Europe hit two-year low in June Read More »
(Reuters) -British drugmaker GSK on Wednesday bought partner CureVac out of their alliance on influenza and COVID-19 vaccine development, boosting its messenger RNA credentials and extending the German biotech company’s financial lifeline. GSK, one of the world’s largest vaccine manufacturers, will take control of CureVac’s leading experimental vaccines to fight infections, including seasonal flu and …
GSK buys COVID, influenza vaccines from retrenching CureVac Read More »
By Riham Alkousaa BERLIN (Reuters) -The German government on Wednesday launched a project to build a nationwide fast-charging network for heavy-duty vehicles as Berlin aims to decarbonize the transport sector by 2045. Greenhouse emissions in Europe’s biggest economy fell to the lowest level in 70 years in 2023, but the transport sector has consistently failed …
Germany launches electric truck charging network Read More »
By Yuvraj Malik and Jaspreet Singh (Reuters) – Meta Platforms’ newest social media offering Threads has over 175 million monthly active users, CEO Mark Zuckerberg revealed on Wednesday, ahead of its first anniversary. A challenger to X, formerly known as Twitter, Threads hit app stores on July 5 last year, timed to win users from …
Meta’s Threads hits 175 million users ahead of one-year anniversary Read More »
By Purvi Agarwal and Roshan Abraham (Reuters) -British stocks closed higher on Wednesday, boosted by metal miners ahead of the UK parliamentary election on Thursday that the Labour Party looks poised to win. The blue-chip FTSE 100 gained 0.6% and saw the best day in nearly two weeks after closing at a more than two-month …
London stocks rebound on metal miner rally ahead of UK election Read More »
By Nicoco Chan and Sarah Wu SHANGHAI/BEIJING (Reuters) – With the clock ticking for the European Commission to impose provisional tariffs on electric vehicles made in China, automakers are bracing for billions of dollars in new costs that analysts expect will slow their European expansion. The bloc is set to confirm on Thursday extra duties …
China EV makers brace for tariffs as Beijing, EU engage in talks Read More »
SINTRA, Portugal (Reuters) – Disinflation in the euro zone remains on track and the latest figures out this week confirm that the European Central Bank has room to cut interest rates further, International Monetary Fund European Department Director Alfred Kammer said. The ECB lowered rates in early June to acknowledge a quick fall in inflation …
Fresh inflation fall gives ECB room to cut rates, IMF says Read More »
By Sruthi Shankar and Jesus Calero (Reuters) -European shares rose on Wednesday as investors welcomed dovish comments from Federal Reserve Chair Jerome Powell and looked ahead to the second round of the French vote and national elections in the UK. The pan-European STOXX 600 index was up 0.6% as of 0845 GMT, rising for a …
European shares rise after Powell’s dovish comments; focus on elections Read More »
