By Victoria Klesty HAMAR, Norway (Reuters) – TikTok has taken possession of a facility in Norway built by data centre group Green Mountain AS which will become the social media company’s largest in Europe as it seeks to store data generated in the region locally. The company, owned by China-headquartered Bytedance, has been trying to …
TikTok takes first steps in turning on Norwegian data centre Read More »
MILAN (Reuters) – Italy’s biggest bank Intesa Sanpaolo said on Thursday the European Central Bank had set a minimum threshold for its best-quality Common Equity Tier 1 (CET1) capital of 9.32% for 2024, above the previous year’s level. The ECB had set the same threshold at 8.88% for the current year. The new requirement kicks …
Intesa’s CET1 requirement under SREP process rises to 9.32% Read More »
By Ilona Wissenbach, Angelo Amante and Giuseppe Fonte FRANKFURT/ROME (Reuters) -Lufthansa AG and Italy sought EU antitrust approval on Thursday for the German airline to buy a controlling minority stake in Italy’s ITA Airways, with sources saying that Lufthansa is prepared to cede slots at Milan airport to address competition concerns. Lufthansa will acquire a …
Lufthansa seeks EU antitrust approval for ITA Airways stake purchase Read More »
By Huw Jones LONDON (Reuters) – The European Union will not introduce a retail labelling system anytime soon for cracking down on misleading sustainability claims made by investment funds to attract cash, an Irish central banker said on Thursday. Earlier this week Britain, no longer a member of the EU, set out a new system …
EU labelling for sustainable investment funds on back burner for now Read More »
By Sam Tobin LONDON (Reuters) – A former Goldman Sachs analyst used confidential information to make more than 140,000 pounds ($176,800) from shares in listed companies, prosecutors told a London court on Thursday. Mohammed Zina, 35, who was employed by Goldman Sachs International in its conflicts resolution group in London, is accused of six offences …
Goldman Sachs analyst used inside information for profit, London court told Read More »
PARIS (Reuters) – Ailing French retailer Casino on Thursday confirmed it has received ‘preliminary indicative offers from several purchasers’ for an unspecified number of its hypermarket and supermarkets it had put up for sale to raise cash. “The group will not give any details on content of offers currently being examined”, Casino added in a …
Casino confirms it has received “several” bids for hypermarkets Read More »
FRANKFURT (Reuters) – Euro zone inflation is going in the right direction but risks are skewed towards more negative outcomes, so a further rate hike cannot be taken off the table and cuts should not even be discussed, Bundesbank President Joachim Nagel said on Thursday. Euro zone inflation tumbled to 2.4% this month, coming well …
ECB’s Nagel: inflation trends encouraging but rate cut talk too early Read More »
By Sinead Cruise LONDON (Reuters) -Trading app operator Robinhood Markets Inc. said on Thursday it would roll out brokerage services in Britain, as part of an international expansion plan to “democratise finance” and increase access to markets. Robinhood grabbed the attention of millions during a 2021 retail trading surge in the United States, when mom-and-pop …
Robinhood opens in UK with low-cost US trading to woo clients Read More »
By Shashwat Chauhan and Shubham Batra (Reuters) -Britain’s FTSE 100 hit a one-week high on Thursday, led by aerospace and defence stocks, while a softer inflation reading in the U.S. and rise in oil prices after OPEC+ countries agreed to output cuts boosted sentiment. The blue-chip FTSE 100 rose 0.4%, while the midcap index fell …
UK stocks end November on upbeat note, midcap index logs best month in 2023 Read More »
HONG KONG (Reuters) – Singapore and Zurich tied for the world’s most expensive city this year, followed by Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as it cautioned that the global cost-of-living crisis was not yet over. On average, prices have risen by 7.4% year on year in …
Singapore, Zurich world’s most expensive cities – EIU Read More »
