By Jody Godoy (Reuters) -The U.S. Department of Justice plans to issue an outline by December on what Alphabet’s Google must do to restore competition after a judge earlier found the company illegally monopolized the market for online search, prosecutors said at a court hearing in Washington on Friday. Prosecutors did not detail what remedy …
Google search monopoly US case remedies to come by December Read More »
By Anthony Boadle BRASILIA (Reuters) -European Union and South American negotiators ended two days of trade negotiations on Friday with “significant progress” on contentious issues that have been holding up the long-overdue EU-Mercosur agreement, two sources close to the talks said. The sources said the negotiations seem to be on course for a positive conclusion …
EU-Mercosur trade talks progress on divisive issues, sources say Read More »
By Emma-Victoria Farr, John O’Donnell and Alexandra Schwarz-Goerlich FRANKFURT/VIENNA (Reuters) -A Russian court froze the shares in Raiffeisen Bank International’s local arm, the biggest Western bank in Russia said on Thursday, blocking the sale of the unit and escalating a standoff between Moscow and the West. Austria-based RBI had vowed to spin off its Russian …
Russian court freezes Raiffeisen shares in local bank, blocking sale Read More »
By Kate Abnett BRUSSELS (Reuters) – European Union countries are considering delaying the introduction of EU-wide taxes on polluting aviation fuels for 20 years, as they seek a breakthrough on tax reforms that have been negotiated for years with little progress, a draft document seen by Reuters showed. The European Commission proposed an overhaul of …
EU countries mull 20-year tax holiday for jet fuel, document shows Read More »
NEW YORK (Reuters) – Proxy advisory firm Institutional Shareholder Services on Friday recommended Squarespace investors vote against a proposed take-private transaction by private equity company Permira later this month. ISS cited concerns the sales process did not maximize value for shareholders and the company’s strong operational results and outlook as reasons for its recommendation. “Despite …
ISS recommends Squarespace investors vote against proposed Permira transaction Read More »
(Reuters) -Ukraine’s foreign currency reserves were up to $42.3 billion as of Sept. 1, the central bank said on Friday. The reserves grew by 13.7% over the past month, the bank said in a statement. The reserves stood at $37.2 billion as of Aug. 1. “Such dynamics were driven by large inflows from international partners, …
Ukraine forex reserves rise to $42.3 billion as of Sept 1 Read More »
By Darya Korsunskaya (Reuters) – Russia’s economy ministry has revised up its 2024 forecasts for export sales of oil and gas, key sources of budget revenues, by $17.4 billion from the previous estimate to $239.7 billion thanks to a more positive price outlook, a document seen by Reuters showed. The improved expectations for Russia’s oil …
LONDON (Reuters) – The owners of London’s ExCel conference centre on Friday won an appeal brought by insurers, including Allianz, over pandemic-related losses, which its lawyers said could help thousands of other policyholders. London International Exhibition Centre Plc took legal action at London’s High Court in 2022 over business interruption losses caused by the COVID-19 …
London’s ExCel Centre wins insurance appeal over COVID-19 losses Read More »
By Shubham Batra and Lisa Pauline Mattackal (Reuters) -European shares fell for a fifth straight session on Friday in their worst day since early August, after a widely anticipated U.S. jobs report offered mixed signals on the size of a potential Federal Reserve rate cut later this month. The pan-European STOXX 600 index fell 1%. …
European shares have worst day in a month as investors digest mixed US data Read More »
LONDON (Reuters) -Britain is proposing to delay checks on fruit and vegetables imported from the European Union by a further six months to next July, according to an industry body. Eight years after it voted to leave the European Union, Britain is still in the process of bringing in all the physical checks required on …
UK proposes delay to EU fruit and vegetable checks, says industry body Read More »
