(Reuters) -Amazon Prime Video will next year join streaming rivals in rolling out ads and introducing a higher-priced ad-free tier, as the industry grapples with a slowdown in subscriber growth since the pandemic. The U.S. tech giant said on Friday ads will be introduced in the U.S., the UK, Germany and Canada in early 2024, …
By Siddarth S and Shubham Batra (Reuters) -Britain’s FTSE 100 edged higher on Friday, but logged weekly declines after the Bank of England joined other central banks this week in signalling interest rates will remain higher for longer. AstraZeneca gained after its breast cancer drug met its main trial goal. The multinational-heavy FTSE 100 edged …
FTSE 100 ends week lower on higher for longer rates outlook Read More »
By Andy Bruce and William Schomberg LONDON (Reuters) -Britain’s economy displayed clear recession signals on Friday, a day after the Bank of England called a halt to its long run of interest rate increases that have turned the tide on inflation but at the expense of a hit to businesses. A business survey, which the …
UK recession risk deepens but consumers stay unfazed Read More »
ZURICH (Reuters) – The war in Ukraine has reduced economic growth and “considerably” pushed up inflation across Europe, the Swiss National Bank said in a study published on Friday, with worse effects still to come. Since Russia invaded Ukraine in February 2022, Europe has seen a surge in energy prices, financial market turmoil and a …
Ukraine war expected to have bigger impact on European economies – Swiss study Read More »
PARIS (Reuters) -Global aerospace supply chains will remain under pressure throughout 2024, Safran CEO Olivier Andries said on Friday. “We remain in a difficult situation with the supply chain. (The) problems are not solved and will broadly last throughout 2024,” he told the AJPAE French aerospace media association. Safran co-produces with General Electric the widely …
Safran CEO sees supply chain pressure through 2024 Read More »
MADRID/LONDON (Reuters) -British telecom investment company Zegona said on Friday it was in talks with Vodafone about a potential acquisition of the British telecom giant’s Spanish business, confirming a media report. “(Zegona) confirms that it is in discussions with Vodafone Group in connection with the potential acquisition, and with banks in relation to its financing,” …
UK’s Zegona in talks to buy Vodafone’s Spain business Read More »
By Iain Withers LONDON (Reuters) -Sterling dipped against the dollar and euro on Friday, as weak business activity and retail data kept the currency on the back foot and traders tapered bets on future interest rate hikes after the Bank of England held rates the previous day. British companies endured a much tougher September than …
Sterling dips after weak UK business activity, retail data Read More »
By Helen Coster NEW YORK (Reuters) – When Lachlan Murdoch, the eldest son of media titan Rupert Murdoch, was named the sole chairman of News Corp Thursday, the announcement put to rest immediate questions about who will run News Corp and Fox Corp: a sprawling media empire that includes some of the most powerful brands …
Murdoch Family Trust: The real battle over succession has yet to begin Read More »
By Helen Coster, Aditya Soni and Dawn Chmielewski (Reuters) -Rupert Murdoch has stepped down as the chairman of Fox Corp and News Corp, ending a more than seven-decade career during which he created a media empire spanning from Australia to the United States. His son, Lachlan Murdoch, will become the sole chairman of News Corp …
Rupert Murdoch steps down as chairman of Fox, News Corp Read More »
LONDON (Reuters) – The euro zone economy will likely contract in the third quarter and won’t return to growth anytime soon, a survey showed, even though a downturn in the bloc’s business activity eased slightly in September. HCOB’s flash euro zone Composite Purchasing Managers’ Index (PMI), compiled by S&P Global and seen as a good …
Euro zone economy likely contracted this quarter-PMI Read More »
