LONDON (Reuters) – British shoppers spent 3.45 billion pounds ($4.35 billion) online between Nov. 24-27, according to data from Adobe Analytics on Tuesday, up 5.6% year-on-year. Adobe said British shoppers spent 1.04 billion pounds on Black Friday and an additional 2.41 billion pounds over the following three days, a period known as Cyber weekend. Adobe said …
UK online spend rises 5.6% over Cyber weekend -Adobe Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms’ paid no-ads subscription service launched in Europe this month faced one of its biggest tests as advocacy group NOYB on Tuesday filed a complaint with an Austrian regulator, saying that it amounted to paying a fee to ensure privacy. Meta announced the service for Facebook and …
Meta Platforms’ paid ad-free service targeted in Austrian privacy complaint Read More »
(Reuters) – IT service provider Atos said on Tuesday it was considering the sale of additional assets to address the group’s capital raising plan and upcoming debt maturities in 2025. “Atos is assessing the feasibility to access the debt and equity capital markets, and/or is considering the sale of additional assets, to address its capital …
(Reuters) -Telefonica on Monday officially told labour union representatives that it intends to cut jobs in Spain, the UGT union said. The telecoms company did not indicate how many jobs it intends to cut, the union said on its website. Spanish newspaper Expansion said the company wants to reduce its 21,000-worker payroll by 2,500, while …
Telefonica tells labour unions of plan to cut jobs in Spain Read More »
(Reuters) – European shares slipped for a second session on Tuesday after strong November gains, as luxury stocks weighed and European Central Bank policymakers pushed back market expectations of interest rate cuts next year. The pan-European STOXX 600 index was down 0.4% by 0824 GMT. Shares of luxury firms LVMH, Richemont, and Kering fell about …
European stocks slip as traders weigh ECB officials’ comments Read More »
(Reuters) -Higher oil prices amid turmoil in the Middle East are increasing prices of jet fuel, which accounts for a big portion of airlines’ costs. Brent crude oil almost hit $94 per barrel shortly after the Hamas attack in Israel on Oct. 7. It has since eased to around $80. Spot Northwest European jet fuel …
Factbox-How European airlines have hedged against fuel price increases Read More »
By Giuseppe Fonte and Francesca Landini ROME (Reuters) – Italy on Monday approved a decree to boost its energy security and renewable power production, with the minister for ecological transition saying the package was expected to trigger 27.4 billion euros ($29.89 billion) in investments. The scheme was originally supposed to be announced in October, but …
Italy approves measures to boost energy security, renewable power Read More »
OSLO (Reuters) – Danish shipping firm Maersk has sold 20,000,000 shares in Norway’s Hoegh Autoliners, cutting its holding to zero, according to a stock exchange filing. The sale at a price of 90.00 Norwegian crowns ($8.34) per share represented approximately 10.48% of the share capital and votes in Hoegh Autoliners, the Norwegian firm said. ($1 …
Denmark’s Maersk sells remaining share holding in Norway’s Hoegh Autoliners Read More »
By Alistair Smout HAMPTON COURT, England (Reuters) -Prime Minister Rishi Sunak announced 29.5 billion pounds ($36.8 billion) of private sector investment in Britain at a gathering of global executives on Monday aimed at catapulting the country back to Europe’s top spot as a destination for foreign money. After the government last week offered permanent tax …
UK hails $37 billion of foreign investment in vote of confidence Read More »
By Christian Kraemer BERLIN (Reuters) – Germany’s ruling coalition unveiled a supplementary budget on Monday that will temporarily lift a self-imposed cap on borrowing after a constitutional court ruling tore up the government’s spending plans. The budget, which parliament must approve, will see Germany suspend its constitutionally enshrined debt brake for a fourth year in …
German government unveils budget fixes as way out of crisis Read More »
