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US strikes Houthi anti-ship missiles, shipping disruptions grow

By Trevor Hunnicutt, Steve Holland and Krishn Kaushik ABOARD AIR FORCE ONE/WASHINGTON/NEW DELHI (Reuters) -The U.S. launched new strikes against Houthi anti-ship missiles aimed at the Red Sea on Thursday, as growing tensions in the region’s sea lanes disrupted global trade and raised fears of supply bottlenecks that could reignite inflation. The two anti-ship missiles …

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Tackle what strengthens the far right, German finance minister says

By Victoria Waldersee DAVOS, Switzerland (Reuters) -The rise in popularity of the far-right in Germany is best fought by confronting the problems that boost their support, German finance minister Christian Lindner said in an interview with Reuters on Thursday. “The best way to make right-wing populists who have become big small again is to make …

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Spanish court rules Facebook moderator suffered work-related mental trauma

By Joan Faus and Catarina Demony BARCELONA/MADRID (Reuters) -A Spanish court has ruled a former Facebook moderator’s mental health was damaged by his work reviewing graphic content such as beheadings, in a case that could have implications for how social media firms work with moderators. The Barcelona court, upholding a decision by Spain’s social security …

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UniCredit CEO dismisses as ‘noise’ report of Pop Sondrio share buy

By Valentina Za and Andrea Mandala MILAN (Reuters) -UniCredit Chief Executive Andrea Orcel on Thursday said his bank was not buying shares in Popolare di Sondrio, dismissing as “noise” a newspaper report about UniCredit being the lender behind stake-building in the smaller rival. Asked in an interview with Bloomberg television in Davos if UniCredit was …

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Germany to stick to debt brake in $518 billion budget draft for 2024

By Holger Hansen BERLIN (Reuters) -Germany is able to stick to its self-imposed 2024 debt brake in a 476.8 billion euros ($517.8 billion) proposal drawn up by the parliamentary budget committee on Thursday, according to the draft seen by Reuters and people familiar with the matter. Under the proposal, which concludes months of tense negotiation …

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Michael Burke named LVMH Fashion Group chairman and CEO

By Mimosa Spencer PARIS (Reuters) -LVMH veteran executive Michael Burke has been appointed chairman and chief executive of LVMH Fashion Group, overseeing the luxury goods group’s fashion labels, it said on Thursday. Burke – chairman and CEO Bernard Arnault’s longest-serving lieutenant – replaces long-time Fashion Group head Sidney Toledano, who was named advisor to Arnault …

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French data watchdog imposes 10 million euro fine on Yahoo! over cookie policy

PARIS (Reuters) -French data watchdog CNIL said on Thursday it had imposed a 10 million euro ($10.86 million) fine on U.S. web services provider Yahoo! for failings linked to the company’s cookie policy. The watchdog accused the company of “failing to respect the choice of Internet users who refused cookies on its main website and …

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Seafarers’ safety must be enhanced in Red Sea, shipping industry says

By Jonathan Saul LONDON (Reuters) – Countries in the Red Sea region need to enhance security to protect seafarers at risk as attacks on merchant shipping worsen, industry officials said on Thursday. Attacks on ships by Yemen’s Iran-allied Houthi militia since November have slowed trade between Asia and Europe and alarmed major powers in an …

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UK equities rise on upbeat earnings, Watches of Switzerland slumps

By Khushi Singh (Reuters) -British equities rose on Thursday, supported by a string of upbeat earnings from companies such as Flutter and Ferrexpo, while shares of Watches of Switzerland slumped after a bleak forecast, adding to fears about a luxury sector slowdown. The exporter-heavy FTSE 100 ended 0.2% higher, recovering from a three-day slide. Meanwhile, …

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European shares advance as chipmakers rally, earnings a bright spot

By Shristi Achar A and Shashwat Chauhan (Reuters) -European shares bounced back on Thursday following three straight sessions of losses, buoyed by Richemont and Flutter’s upbeat results, while investors parsed the European Central Bank’s December policy meeting minutes. The pan-European STOXX 600 index ended 0.6% higher after falling to a six-week low in the previous …

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