By Bansari Mayur Kamdar (Reuters) -European shares slipped on Friday and were on track to close a week, packed with central banks’ decisions, sharply lower as investors assessed the prospects that borrowing costs will remain high for some time. The pan-European STOXX 600 index inched 0.3% down by 0745 GMT, after ending the previous session …
European shares set for weekly drop as higher-for-longer rates loom Read More »
AMSTERDAM (Reuters) – Dutch lawmakers have backed the introduction of a tax on share buybacks by listed companies and a higher tax on banks to cover an increase of the minimum wage and larger childcare support in 2024. A majority of lawmakers on Thursday voted in favour of the proposals, although outgoing Prime Minister Mark …
Dutch lawmakers back tax on share buybacks to cover higher minimum wage Read More »
ROME (Reuters) -ROME, Sept 22 (Reuters) – Italy’s debt as a proportion of national output was lower last year than previously estimated, national statistics institute ISTAT reported, while making no change to the economic growth rate and the budget deficit. The debt came in at 141.6% of gross domestic product, compared with a previous estimate …
Italy confirms 2022 GDP growth and deficit figures, lowers debt Read More »
By Curtis Williams (Reuters) – A BP Plc and Shell Plc consortium has reached an agreement with Trinidad and Tobago to explore three deepwater blocks for hydrocarbon production in the Caribbean country, Minister of Energy Stuart Young said on Thursday. The deal would help Trinidad speed up offshore exploration and production to secure more natural …
BP, Shell reach agreement with Trinidad to explore deepwater blocks Read More »
By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) – European Union lawmaker Brando Benifei, who is leading negotiations on artificial intelligence rules, on Thursday urged EU countries to compromise in key areas in order to reach agreement with the bloc’s executive by the end of the year. Benifei’s call comes ahead of two more …
EU lawmaker Benifei urges the bloc’s countries to compromise on AI rules Read More »
WARSAW (Reuters) – A Polish watchdog is investigating Microsoft-backed OpenAI over a complaint that its ChatGPT chatbot breaks European Union data protection laws known as the GDPR, it said. OpenAI has already faced at least its second class action lawsuit in San Francisco federal court for allegedly breaking privacy laws. It did not respond to …
Poland investigates OpenAI over privacy concerns Read More »
By Luc Cohen NEW YORK (Reuters) -A U.S. appeals court on Thursday upheld a judge’s decision to jail former cryptocurrency billionaire Sam Bankman-Fried ahead of his Oct. 3 trial on fraud charges stemming from the November 2022 collapse of his now-bankrupt FTX exchange. In a written decision, a three-judge panel of the 2nd U.S. Circuit …
Sam Bankman-Fried to stay in jail, appeals court rules Read More »
MOSCOW (Reuters) -Russia has temporarily banned exports of gasoline and diesel to all countries outside a circle of four ex-Soviet states with immediate effect in order to stabilise the domestic market, the government said on Thursday. It said the ban did not apply to fuel supplied under inter-governmental agreements to members of the Moscow-led Eurasian …
Russia temporarily bans fuel exports to most countries in response to shortages Read More »
COPENHAGEN (Reuters) – Novo Holdings, the controlling shareholder in drugmaker Novo Nordisk, on Thursday said it had closed its acquisition of biopharmaceutical company Paratek Pharmaceuticals in a deal valued at $462 million. The acquisition of Paratek Pharmaceuticals, which was announced in early June, is Novo Holdings’ largest individual investment in antimicrobial resistance therapies to date, …
Novo Holdings closes $462 million acquisition of Paratek Pharmaceuticals Read More »
By Siddarth S and Shubham Batra (Reuters) -London stocks ended lower on Thursday but trimmed losses earlier in the day after the Bank of England held interest rates steady, indicating an end to its rate-hike cycle but signalled that rates will remain higher for longer. The blue-chip FTSE 100 index was down 0.7% and the …
UK stocks fall as BoE joins hold and higher for longer chorus Read More »
