NICOSIA (Reuters) – Euro zone inflation will carry on declining in the months ahead but at a slower pace, Bundesbank President Joachim Nagel was quoted as telling Cypriot newspaper Kathimerini on Sunday. Euro zone inflation eased to 2.4% in November from 2.9% in October, well below expectations for a third straight month and fuelling market …
‘Way too early’ to declare victory over inflation, says ECB’s Nagel Read More »
By Simon Jessop DUBAI (Reuters) – Ten of the world’s top development banks pledged to step up their climate efforts at the COP28 summit, yet failed to say anything about halting financing for fossil fuel projects, a document seen by Reuters showed. In a statement to be announced at the event in Dubai, the group, …
By Huw Jones LONDON (Reuters) -A digital pound should not be available in large sums initially to avoid the risk of bank runs, British lawmakers said in a report on Saturday that also highlighted the need to safeguard cash and user privacy. The Bank of England and finance ministry have said an electronic form of …
Britain yet to make the case for a digital pound, lawmakers say Read More »
BERLIN (Reuters) – Germany needs to cut social spending, international spending and some subsidies to fill the 17 billion euro ($18.50 billion) gap in its 2024 budget, its finance minister said in an interview with the Funke media group published on Saturday. On social spending, Lindner said the unemployed needed to be brought into the …
German finance minister names target areas for cuts amid budget crisis – Funke media Read More »
LONDON (Reuters) – Britain’s government on Friday blocked an Abu Dhabi-backed group from taking ownership of the media group that owns the Telegraph newspaper while its takeover bid is scrutinised by regulators over freedom of expression concerns. The government intervened in the planned deal on Thursday when it asked regulators to examine the deal. On …
UK bars Abu Dhabi-backed group from acquiring Telegraph, pending review Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Chinese conglomerate ByteDance’s TikTok has asked Europe’s second highest court to suspend its designation as a gatekeeper under onerous new EU tech rules until judges rule on its challenge against the label. The Digital Markets Act (DMA) requires TikTok and other designated gatekeepers Alphabet’s Google, Meta Platforms, Apple, …
TikTok asks EU court to suspend EU gatekeeper label until its ruling Read More »
LONDON (Reuters) – Britain’s communications regulator Ofcom on Friday published an invitation to comment on the proposed acquisition of the Telegraph Media Group by Abu Dhabi-backed RedBird IMI, following a government intervention in the deal. The regulator said it was inviting written submissions to be sent by Dec. 13. Britain intervened in the planned deal …
UK regulator seeks comments on Telegraph deal after government intervention Read More »
(Reuters) -ChatGPT maker OpenAI has delayed the launch of its custom GPT store until early 2024, according to an internal memo seen by Reuters on Friday. During its first developer conference in November, OpenAI introduced the custom GPTs and store, which were set to be launched later that month. The company is continuing to “make …
OpenAI delays launch of custom GPT store to early 2024 Read More »
BERLIN (Reuters) – German arms manufacturer Rheinmetall AG wants to build its first armored vehicles in Ukraine next year, Chief Executive Armin Papperger was cited as saying by German magazine WirtschaftsWoche. Papperger said he expected a deal with Ukraine on the construction of Fuchs armored transport vehicles – named after the German word for fox …
Rheinmetall to produce first armored vehicles in Ukraine in 2024 -report Read More »
BERLIN (Reuters) – A German court has called upon the lawyer of former Wirecard board member Jan Marsalek, who has been on the run since the implosion of the German payments company, to testify next Wednesday in Germany’s biggest post-war fraud trial. Wirecard became the first-ever DAX member to file for insolvency in 2020, owing …
Lawyer of fugitive Wirecard executive called to testify in court Read More »
