MADRID (Reuters) – Amazon reached an agreement with most of its workers in Spain on Monday, avoiding the full impact of a planned one-hour strike per shift on one of the busiest online shopping days of the year, according to local union group CCOO and the company. Around 20,000 warehouse and delivery workers at Amazon’s …
Amazon agrees deal with most Spanish workers over Cyber Monday walkout Read More »
By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators said on Monday Amazon’s $1.4 billion acquisition of robot vacuum maker iRobot may squeeze out rival robot cleaners on its online marketplace. Amazon announced the deal in August last year amid increased regulatory scrutiny around the world of Big Tech acquiring smaller rivals and accumulating troves …
EU antitrust regulators say Amazon’s iRobot deal may restrict competition Read More »
By Khushi Singh (Reuters) -UK’s FTSE 100 closed lower on Monday as losses in heavyweight industrial mining stocks weighed on the commodity-focused index, while luxury retailer Burberry slipped on a price target cut. The blue-chip FTSE 100 fell 0.4%, while the more domestically focussed FTSE 250 midcap index was down 0.1%. Industrial metal miners lost …
(Reuters) – The UK’s largest property portal Rightmove is expanding its mortgage business to offer broker advice to home buyers via its website and targets 25 million pounds ($31.2 million) from the segment by 2028, it said on Monday. Rightmove said it “took an important strategic step” by launching its first broker product last week. …
UK property portal Rightmove adds broker advice to its mortgage business Read More »
FRANKFURT (Reuters) – Further subsidiaries of Austrian property group Signa are expected to file for insolvency as soon as this week, a person with direct knowledge of the matter said on Monday, following such a filing by a subsidiary late last week. Signa did not immediately respond to a request for comment. On Friday, Signa …
Signa likely to make further insolvency filings – source Read More »
(Reuters) – Deutsche Bank said Monday it expects the S&P 500 to end next year 12% higher, as earnings growth should stay resilient even as the United States experiences a mild and short recession. Strategists at Deutsche Bank expect the index to end 2024 at 5,100 points. The S&P 500 is up close to 19% …
Deutsche Bank sees 12% upside to S&P 500 through 2024-end Read More »
LONDON (Reuters) – A research foundation originally set up by Philip Morris International (PMI) will no longer accept any funding from the nicotine industry as it seeks to win credibility with tobacco control advocates, its CEO said. The Foundation for a Smoke-Free World was set up in 2017 with support from PMI, which pledged to …
Formerly Philip Morris-backed foundation severs ties with nicotine industry Read More »
MOSCOW (Reuters) -SPB Exchange, Russia’s second-largest bourse that specialises in trading foreign shares, on Monday denied that it had filed for bankruptcy, a few weeks after the exchange was targeted with U.S. sanctions that caused a trading suspension. Arbitration court filings appeared to show that the exchange had filed for bankruptcy, sending its Moscow-listed shares …
Russia’s SPB Exchange denies that it has filed for bankruptcy Read More »
ZURICH (Reuters) -Julius Baer, which has been expected to write down some loans to troubled property group Signa, said on Monday it has nominal exposure totalling 606 million Swiss francs ($684.36 million) to a European conglomerate. The 606 million francs was extended over three loans to different entities within the conglomerate, the Swiss private bank …
Baer says exposure to single group tops 600 million francs, as Signa crisis deepens Read More »
(Reuters) – European shares were muted on Monday, with lower oil prices dragging down energy shares, ahead of comments from European Central Bank’s President Christine Lagarde on monetary policy before a committee of European Parliament. The pan-European STOXX 600 index was flat by 0820 GMT, while Britain’s FTSE 100 slid the most among European peers. …
European shares muted with energy shares biggest drag Read More »
