By Anne Kauranen HELSINKI (Reuters) -Finland on Friday was tightening access to parts of its Inkoo port, which imports liquefied natural gas (LNG), as part of efforts in the wider region to intensify security at energy installations. The move follows sudden damage on Sunday to a gas pipeline and telecoms cable connecting Finland and Estonia, …
Finland to restrict access to LNG port after gas pipeline damage Read More »
LONDON (Reuters) -Britain’s financial watchdog said on Friday it had fined consumer credit rater Equifax Ltd 11 million pounds ($13.4 million) for its role in “one of the largest” cyber-security breaches in history. The Financial Conduct Authority (FCA) said that in 2017 Equifax’s parent company, Equifax Inc in the United States, was subject to one …
UK watchdog fines Equifax $13.4 million for role in cyber breach Read More »
NEW YORK (Reuters) -Major U.S. banks said on Friday higher interest rates boosted profits even though the economy was slowing and consumers showed signs of more cautious behavior. JPMorgan, Wells Fargo and Citigroup’s earnings indicated higher U.S. Federal Reserve interest rates had allowed them to charge more on loans while raising rates on deposits more …
Major US banks show profit boost, but some caution from consumers Read More »
(Reuters) -Illumina said on Friday it would divest cancer test maker Grail in 12 months, according to the terms of the European Commission’s order, if the life sciences company does not win its challenge in court. Under the terms of the order, Illumina might extend the timeframe by three months and would be permitted to …
Illumina to divest Grail within a year if it does not win challenge in EU court Read More »
(Reuters) – Several global companies have temporarily shut some operations in Israel and asked their employees to work from home after the country came under a surprise attack by Palestinian Islamist group Hamas over the weekend, prompting a swift response. Following are the steps taken by the companies ranging from airlines to banks: TRAVEL Several …
Factbox-What are global firms with presence in Israel doing after Hamas attack Read More »
By David Shepardson and Joseph White DETROIT (Reuters) -United Auto Workers President Shawn Fain said on Friday that the union will not expand its strike against the Detroit Three automakers at the moment, but said its members would now walk out of additional facilities without warning rather than wait until Fridays to announce new plans. …
UAW says new strikes at Detroit Three will come without notice Read More »
(Reuters) -Britain’s BBC is set to reveal cost-cutting and reinvestment plans as part of an overhaul of its news services, the Financial Times reported on Friday. The announcement on cost-cutting and reinvestment, which is due next week, is expected to include cutbacks to flagship shows such as Newsnight as the broadcaster shifts more broadly to …
UK’s BBC set to reveal cost-cutting plans as part of news services overhaul-FT Read More »
By Khushi Singh and Bansari Mayur Kamdar (Reuters) -UK’s FTSE 100 fell on Friday with St. James’s Place leading losses on reports of regulator pressure over fees, but ended the week higher supported by a rally in heavyweight energy stocks. The commodity-focussed FTSE 100 closed 0.6% lower on Friday but ended the week 1.4% higher, …
UK’s FTSE 100 eases as St. James’s Place tumbles Read More »
By Gaelle Sheehan and Nathan Vifflin (Reuters) -Digital mapping specialist TomTom reported lower than expected revenue at its main location technology business on Friday, sending its shares down 7%. The company, which competes with Google Maps and the world’s biggest mapping platform HERE, said third quarter sales at the location technology unit, home to TomTom’s …
Map maker TomTom shares slide as its biggest unit misses sales forecast Read More »
LONDON (Reuters) -The number of companies declared insolvent in England and Wales last month was 17% higher than a year before, but insolvencies over the third quarter look on track to be down slightly from the second quarter’s 14-year high. The Insolvency Service, a government agency, said 1,967 companies were registered insolvent, according to the …
England and Wales insolvencies rise 17% on year in September Read More »
