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BERLIN (Reuters) – The Federation of German Consumer Organisations (vzbv) has filed class action law suits against the suppliers E.ON and Hansewerk Natur over the prices they charged for district heating, Funke Mediengruppe newspapers reported on Sunday. Neither company was immediately available for comment. They have increased their prices by more than 100% in several …

German consumers sue E.ON, Hanswerk Natur over heating prices, report says Read More »

(Reuters) -A planned sale of OpenAI employee shares that would value the startup at about $86 billion on paper hangs in the balance after the sudden firing of CEO Sam Altman and a slew of top executive departures, the Information reported on Saturday. The tender offer, which Thrive Capital is leading, has not yet closed …

OpenAI’s $86 billion share sale in jeopardy after Altman firing- The Information Read More »

LONDON (Reuters) – British finance minister Jeremy Hunt is considering cutting income tax or national insurance for lower and middle earners in his budget update next week, the Sunday Times newspaper reported, citing sources. Hunt and Prime Minister Rishi Sunak might in addition delay a widely-expected reduction in inheritance tax, in light of criticism that …

UK’s Hunt weighs income tax, national insurance cuts: Sunday Times Read More »

By Sergio Goncalves LISBON (Reuters) – Moody’s upgraded Portugal’s long-term issuer rating two notches to A3 from Baa2, despite the political crisis triggered by the resignation of the country’s prime minister due to an investigation into alleged irregularities in his government. The rating agency said in a statement released late on Friday that the upgrade …

Moody’s upgrades Portugal’s rating two notches, despite political crisis Read More »

BERLIN (Reuters) – Germany’s lower house of parliament on Friday passed the Financing for the Future Act, to promote start-ups and improve access to capital markets. The objective of this law is to make Germany more attractive for entrepreneurs and to help drive the economy of Europe’s industrial powerhouse. In the future, companies will be …

Germany’s lower house of parliament approves Financing for the Future Act Read More »

LONDON (Reuters) – Britain announced a 4.5 billion-pound ($5.59 billion) investment programme for key manufacturing industries on Friday, with the automotive sector taking up a large chunk of the funds to support the move to zero emission vehicles. The finance ministry said the funds will be available from 2025 over the course of five years, …

UK’s Hunt commits 4.5 billion pounds to manufacturing investment Read More »

(Reuters) – Walt Disney Co said on Friday it has paused advertising on Elon Musk’s social media site X. (Reporting by Maria Ponnezhath in Bengaluru;editing by Diane Craft)