Reuters UK Business

By Elizabeth Howcroft LONDON (Reuters) -Bitcoin, the world’s largest cryptocurrency, on Friday completed its “halving,” a phenomenon that happens roughly every four years, according to according to CoinGecko, a cryptocurrency data and analysis company. Bitcoin was fairly stable immediately afterward, falling 0.47% to $63,747. Bitcoin enthusiasts had eagerly waited for the “halving”- a change to …

Bitcoin ‘halving’ has taken place, CoinGecko says Read More »

By Karin Strohecker WASHINGTON (Reuters) – Ukraine and its international partners have discussed bundling future proceeds from frozen Russian assets to back bond sales by the war-ravaged nation, Ukrainian central bank chief Andriy Pyshnyi said on Friday. Ukrainian Prime Minister Denys Shmyhal and Finance Minister Serhiy Marchenko met with U.S. Treasury Secretary Janet Yellen, leaders …

Proceeds from Russian assets could fund bond sales, Ukraine’s central bank says Read More »

(Reuters) – Nike will lay off about 740 employees at its world headquarters in Oregon, a letter showed on Friday, as the top sportswear maker looks to rein in costs after warning of a revenue dip in the first half of fiscal 2025. The “second phase of impacts” would begin by June 28 at its …

Nike to lay off 740 employees at Oregon headquarters Read More »

(Reuters) -Credit ratings agency S&P on Friday revised its outlook on Greece to “positive” from “stable”, saying the tight fiscal regime will continue to spur a reduction in the government debt ratio. Greece expects economic output to rise 2.9% in 2024, following a 2.0% expansion last year, more than three times the eurozone average. It …

S&P revises Greece’s outlook to ‘positive’ on debt reduction Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Adult content companies Pornhub, Stripchat and XVideos will have to do risk assessment reports and take measures to address systemic risks linked to their services to comply with new EU online content rules, the European Commission said on Friday. The three companies were designated as very large online …

Pornhub, XVideos, Stripchat face strict EU rules, Commission says Read More »

FRANKFURT (Reuters) – Euro zone inflation is likely to decline further and the European Central Bank may cut interest rates if its long-standing price growth criteria are met, ECB President Christine Lagarde said on Friday. “At the same time, the Governing Council is not pre-committing to a particular rate path,” Lagarde said, repeating the bank’s …

ECB’s Lagarde says inflation more likely to ease but risks both ways Read More »

By Elvira Pollina MILAN (Reuters) -U.S. investment company KKR’s proposed buyout of Telecom Italia’s (TIM) fixed-line access network will be decided by EU antitrust regulators by May 30, according to a European Commission filing on Friday. The former phone monopoly said earlier on Friday that KKR had sought approval from the EU competition enforcer for …

Telecom Italia’s grid sale to KKR faces May 30 EU antitrust deadline Read More »