Reuters UK Business

Oaktree-backed firm unveils $1.2 billion Amsterdam ‘hyperscale’ data centre project

By Lucy Raitano LONDON, Dec 15 (Reuters) – Oaktree Capital‑backed Pure Data Centres said on Monday it plans to invest up to 1 billion euros ($1.17 billion) in a new Amsterdam campus, one of Europe’s largest hyperscale data‑centre commitments this year. The company said the site will be leased to a single hyperscale cloud provider. …

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Bridgewater warns Big Tech’s reliance on external capital to fund AI boom is ‘dangerous’

Dec 15 (Reuters) – The AI spending boom is entering a “dangerous” phase as Big Tech firms increasingly tap external investors to cover mounting costs, a top executive at hedge fund giant Bridgewater Associates said on Monday. The warning underscores the degree of unease rippling through markets as several investors have begun to question the …

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Poland’s JSW needs over $830 million to stay afloat, says minister

WARSAW, Dec 15 (Reuters) – Polish coking coal producer JSW needs 3 billion zlotys ($834 million) of liquidity to keep operating next year, the state assets minister said on Monday, adding the company was considering loans from commercial banks and a government fund. JSW, the European Union’s largest producer of coking coal used in steelmaking, …

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Italian judge orders prosecutors to seek tax fraud indictment for Exor CEO Elkann

MILAN, Dec 15 (Reuters) – An Italian judge ordered prosecutors on Monday to seek the indictment of John Elkann, the chairman of carmakers Stellantis and Ferrari, on two counts of tax fraud linked to a dispute over the inheritance of his grandmother. By issuing the order, the judge in the northern city of Turin rejected …

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Juventus shares jump after Agnelli family rejects crypto giant Tether’s bid

Dec 15 (Reuters) – Shares in Juventus surged nearly 14% on Monday, after Italy’s Agnelli family on Saturday rejected crypto group Tether’s surprise offer that valued the Serie A soccer club at just over 1 billion euros ($1.2 billion). With 36 Serie A titles to its name, Juventus is Italy’s most successful soccer club, but …

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Spain fines Airbnb $75 million for unlicensed rental listings

MADRID, Dec 15 (Reuters) – Spain has fined vacation rental firm Airbnb 64 million euros ($75 million) for advertising unlicensed tourist rental homes, the Consumer Rights Ministry said on Monday, as the government cracks down on excessive tourism that is driving up housing costs. Spain’s leftist government, along with some city councils and regional authorities, …

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ECB criticises Italy over budget measures affecting banks

By Giuseppe Fonte ROME, Dec 15 (Reuters) – Measures envisaged in Italy’s 2026 budget could have “negative implications” on banks’ liquidity because they might prompt lenders to cut interest paid on deposits to lower taxes, reducing liquidity buffers, the European Central Bank said. In an opinion dated December 12 but published on Monday, the ECB …

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Danske Bank completes US probation over Estonia case

COPENHAGEN, Dec 15 (Reuters) – Danske Bank said on Monday it had completed a three-year corporate probation with the United States’ Department of Justice, marking the end of all formal regulatory processes tied to its former Estonian branch. Denmark’s biggest lender came under investigation in multiple countries after saying in 2018 that an internal probe …

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Germany’s Mittelstand loses faith in government’s ability to revive economy

By Klaus Lauer and Maria Martinez BERLIN, Dec 15 (Reuters) – German small and medium-sized enterprises are rapidly losing confidence in the government’s ability to restore economic growth, with only 39% still expecting a turnaround compared to 62% in spring, a DZ Bank survey showed on Monday. The survey of more than 1,000 managing directors …

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