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PARIS (Reuters) – Cross-border mergers between banks in Europe should be as easy as mergers within a single European country, ECB policymaker Francois Villeroy de Galhau said on Wednesday. Though the European Union has centralised bank regulation and supervision, banking markets remain drawn largely along national lines. “It would be desirable, logic and normal that …

Cross-border bank mergers should be easier in Europe, says ECB’s Villeroy Read More »

By Kate Abnett BRUSSELS (Reuters) – Four central European countries have stepped up pressure on Brussels to act against Germany over a gas tariff they say undermines their energy security, a document seen by Reuters showed. The levy is a legacy of the energy crisis that peaked in 2022 after Moscow slashed gas flows to …

Central European countries amp up pressure on EU over German gas tariff Read More »

By Shubham Batra (Reuters) -European shares declined on Wednesday as rising bond yields globally spurred concerns of interest rates staying elevated for longer, even as investors awaited more economic data to firm up bets on rate cuts. The pan-European STOXX 600 index fell 0.3% to a three-week low, a day after logging its worst day …

European shares fall as rising bond yields renew rate jitters Read More »

By Isabel Demetz and Chiara Holzhaeuser (Reuters) – German perfume and cosmetics retailer Douglas reported a net loss in the second quarter, affected by expenses linked to its IPO, the company said on Wednesday. The company reported a net loss of 41.3 million euros ($44.84 million), still a 2% improvement from a year ago but …

Germany’s Douglas reports loss in quarter due to IPO costs Read More »

By Indradip Ghosh BENGALURU (Reuters) – A European Central Bank interest rate cut on June 6 appears certain, according to all 82 economists polled by Reuters, a majority of whom predicted two further reductions in September and December. But financial markets are pricing only two ECB rate cuts in total in 2024, a sharp pullback …

June ECB rate cut a done deal, majority expects cuts in Sept, Dec too : Reuters poll Read More »

MOSCOW/FRANKFURT (Reuters) – A Russian court ruled on Tuesday that a 239-million-euro ($259 million) claim by a venture of Kremlin-owned Gazprom against Deutsche Bank should be partially satisfied, according to the court’s document. Other details have not been revealed. Deutsche Bank said in emailed comments that the court decision is neither final nor enforceable as …

Russian court rules to partially satisfy 239 million euro claim against Deutsche Bank Read More »

By Foo Yun Chee BRUSSELS (Reuters) – EU tech regulators are in touch with messaging app Telegram as it nears a key usage criterion that could see it subject to more stringent requirements under a landmark EU online content legislation, the European Commission said on Tuesday. The Digital Services Act (DSA) which kicked in last …

EU in touch with Telegram as it nears criterion for EU tech rules Read More »

By Arsheeya Bajwa (Reuters) – OpenAI has formed a Safety and Security Committee that will be led by board members, including CEO Sam Altman, as it begins training its next artificial intelligence model, the AI startup said on Tuesday. Directors Bret Taylor, Adam D’Angelo and Nicole Seligman will also lead the committee, OpenAI said on …

OpenAI sets up safety committee as it starts training new model Read More »

BRUSSELS (Reuters) – The European Commission on Tuesday said Meta Platforms had taken measures to mitigate the spread of disinformation in the run-up to the EU elections. “Meta has now deployed new functionalities .. 27 new real-time visual dashboards, one for each member state, to allow third-party real-time civic discourse and election monitoring,” a spokesperson …

EU monitoring new measures by Meta to tackle election disinformation Read More »

(Reuters) – Verizon said on Tuesday that it added Comcast’s Peacock to its streaming subscription hub and plans to offer YouTube Premium at a discounted rate with myPlan subscriptions. The telecom firm said it will offer YouTube Premium for $10 per month, offering savings of 30% to myPlan customers, starting Thursday. Peacock streaming service, under …

Verizon adds Peacock to streaming hub, offers discounted YouTube premium plan to customers Read More »