By Foo Yun Chee BRUSSELS (Reuters) -Apple on Tuesday lost its fight against an order by EU competition regulators to pay 13 billion euros ($14.4 billion) in back taxes to Ireland as part of an EU crackdown against sweetheart deals between EU countries and multinationals. The European Commission issued the order in 2016, saying that …
Apple loses fight against $14.4 billion EU tax order to Ireland Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google on Tuesday lost its fight against a 2.42 billion euro ($2.7 billion) fine levied by EU antitrust regulators seven years ago, one of a trio of hefty fines meted out to the company for various anti-competitive practices. The European Commission fined the world’s most popular internet search …
Google loses fight against $2.7 billion EU antitrust fine Read More »
By Max A. Cherney, Kenrick Cai CUPERTINO, California (Reuters) -Apple on Monday unveiled its artificial intelligence-boosted iPhone 16, showing off the long-awaited device hours after Chinese rival Huawei’s tri-fold phone began racking up orders. “The next generation of iPhone has been designed for Apple Intelligence from the ground up. It marks the beginning of an …
Apple debuts iPhone 16 with AI software in American English coming next month Read More »
BELO HORIZONTE, Brazil (Reuters) – Anglo American hired financial advisers to sell two nickel mines in Brazil, the miner’s country head, Ana Sanches, told journalists on Monday. At an event in Belo Horizonte, Sanches said the company has already mapped firms with potential interest in buying the mines, which are located in the cities of …
Anglo American hired advisers to sell two nickel mines in Brazil, says country head Read More »
By Divya Rajagopal TORONTO (Reuters) – Electric vehicle battery maker Northvolt is moving ahead with plans to open a C$7 billion battery plant in Canada but at a slower pace in light of its announcement on Monday it would review spending plans and mull job cuts. Construction work at the Swedish company’s Montreal plant site …
Battery maker Northvolt moves ahead in Canada but at slower pace Read More »
By Amy-Jo Crowley LONDON (Reuters) – British payments technology company Pockit is in talks to take control of UK challenger bank Monese’s consumer arm, two people familiar with the matter told Reuters. Under the proposed deal Pockit will buy Monese for a nominal sum and inject capital into its direct-to-consumer arm to boost regulatory capital …
UK payments firm Pockit in talks to buy Monese consumer arm, sources say Read More »
By Siddharth Cavale NEW YORK (Reuters) -The U.S. Federal Trade Commission urged a federal judge in New York to block Tapestry’s $8.5 billion merger with rival handbag maker Capri Holdings at a trial on Monday, arguing it will eliminate fierce competition in the market for “accessible luxury.” The FTC argues the merger announced in August …
Competitive dynamics in focus as US tries to stop Tapestry-Capri merger Read More »
MILAN (Reuters) – Gefran, an Italian company specialised in sensors, is looking to take over peers in Germany and North America that have revenues of 10-20 million euros ($11.04 million-$22.09 million), its Chief Executive Marcello Perini said. The company has “sufficient liquidity to go ahead with buying another company” and does not need to propose …
Sensor maker Gefran eyes M&A opportunities in Germany and North America, CEO says Read More »
By Pranav Kashyap and Lisa Pauline Mattackal (Reuters) -European bourses rose on Monday, recovering from steep declines the previous week as focus shifted to an anticipated interest rate cut from the European Central Bank on Thursday. The pan-European STOXX 600 index closed 0.8% higher after falling 3.5% the week prior, its worst week since March …
European shares rebound from dour week with central banks in focus Read More »
By Khushi Singh and Purvi Agarwal (Reuters) -London’s benchmark FTSE 100 climbed over 1% amid broader gains led by travel and leisure stocks after an upbeat forecast from gambling group Entain, while investors awaited labour market data later in the week. The blue-chip FTSE 100 ended up 1.1%, registering biggest one-day gains in a month. …
FTSE 100 jumps over 1% on Entain boost; Burberry and Hostmore tumble Read More »
