LONDON (Reuters) – Telegram Messenger said it does not know why fines against it and other major technology companies were dropped in Russia, but said it has no assets, offices or employees there. Fines imposed by Russian courts on Alphabet’s Google and YouTube, Meta, TikTok and Telegram appear to have been settled as the companies …
Telegram Messenger in the dark as to why fines in Russia were dropped Read More »
MILAN (Reuters) -Stellantis produced many fewer fully-electric 500e cars in Italy than planned last year, the FIM CISL union said on Friday, as buyers waited for the government to roll-out purchasing incentives for electric vehicle (EVs). The automaker, home to brands including Fiat, Peugeot and Chrysler, made 751,384 vehicles in Italy last year, up 9.6% …
Stellantis EV output in Italy falls short as buyers wait for incentives – union Read More »
By Shubham Batra and Sruthi Shankar (Reuters) -Britain’s main stock indexes snapped a string of weekly gains on Friday, marking a grim start to 2024, as investors scaled back bets of aggressive monetary policy easing following better-than-expected economic data. The exporter-heavy FTSE 100 fell 0.4%, under pressure from a stronger pound that tends to hurt …
UK stocks log weekly losses, kicking off 2024 on grim note Read More »
LONDON (Reuters) – The chairman of France’s biggest supermarket chain E. Leclerc called on all big consumer goods firms to lower their prices as he weighed in on competitor Carrefour’s decision to drop Pepsico products amid fraught price negotiations. Grocery retailers in several countries including Germany and Belgium have stopped orders of some products over …
France’s Leclerc backs Carrefour in pressuring food producers Read More »
By Shashwat Chauhan and Ankika Biswas (Reuters) -European shares logged their first weekly loss in eight on Friday, as investors grappled with a plethora of mixed global economic data, marking a bumpy start to the New Year following 2023’s stellar rally. The pan-European STOXX 600 ended 0.3% lower, recouping some losses after falling over 1% …
European shares log first weekly loss in eight, marking rough start to year Read More »
LONDON (Reuters) -Asda, Britain’s third largest supermarket group, said it would match the prices of discounters Aldi and Lidl on hundreds of comparable grocery products, adopting a similar tactic to bigger rivals Tesco and Sainsbury’s. Asda, owned by brothers Zuber and Mohsin Issa and private equity group TDR Capital, said on Friday it has cut …
UK’s Asda to match some discounter prices in push for market share Read More »
MADRID (Reuters) – Ground staff at IAG-owned Iberia airlines will stage a four-day strike at Spanish airports from Friday, forcing the cancellation of hundreds of flights, after talks between unions and the company failed at a last-ditch meeting, the airline said. Ground staff including baggage handlers are protesting against contracts signed with new providers at …
Ground staff at IAG-owned Iberia to strike from midnight Read More »
By Sinead Cruise and Lawrence White LONDON (Reuters) -Cuts to British mortgage rates this week are putting forecasts for bank profit margins under a spotlight, adding to pressure on a sector that has struggled to meet shareholder expectations. Prices for many home loan products have fallen since July, amid speculation the Bank of England (BoE) …
Analysis-UK mortgage price war set to cheer borrowers, pinch bank profits Read More »
BERLIN (Reuters) – Germany’s agriculture minister on Friday criticized a mob that tried to intimidate the economy minister over subsidy cuts for farmers and vowed that the government would make no more concessions on the issue despite plans for nationwide rallies next week. Chancellor Olaf Scholz’s coalition watered down plans to cut agriculture subsidies as …
German agriculture minister vows no more concessions to farmers’ demands Read More »
HELSINKI (Reuters) – Volvo Cars’ sales grew 4.6% to 76,015 cars in December from a year earlier, the Sweden-based group said on Friday. Fully electric and hybrid cars in December made up 55% of all cars sold in Europe, the company’s biggest market, the automaker said in a statement. December sales rose by 4% in …
