((This July 12 story has been corrected to clarify that the forecast is for all car sales in Spain, not just EV sales, in paragraph 8)) (Reuters) – Spanish auto lobby ANFAC on Wednesday called on the government that will emerge from the July 23 general election to commit to decarbonisation fully, saying electric vehicle …
Auto lobby urges Spain’s next government to commit to decarbonisation Read More »
By Martin Coulter LONDON (Reuters) -Finland’s Nokia cut its annual outlook on Friday and Swedish rival Ericsson reported plunging quarterly profits, as a slowdown in consumer spending hit sales of telecommunications gear. Nokia’s shares were down 9.6% in morning trade to their lowest since April 2021, while Ericsson shares were down 8.7%. Fears of an …
Nokia, Ericsson shares slide as quarterly sales slow Read More »
By Sheila Dang (Reuters) – Twitter asked a U.S. court on Thursday to terminate a consent order with the Federal Trade Commission that governed the social media company’s data privacy protections, arguing that the regulatory agency has made “unceasing demands.” In a filing with U.S. District Court in San Francisco, Twitter accused the FTC of …
Twitter seeks termination of FTC order over data practices Read More »
(Reuters) – Twitter said on Thursday that select content creators on the social media platform will be eligible to get a part of the advertising revenue the company earns. The content creators will get a share of revenue from ads displayed in their replies, Twitter said, adding that to be eligible the creators should be …
Twitter to offer ad revenue share to select content creators Read More »
By Foo Yun Chee and Michel Rose BRUSSELS/PARIS (Reuters) – France’s foreign minister and government minister have called EU antitrust chief Margrethe Vestager to reconsider her appointment of a U.S. economist and former antitrust official to a senior job at the European Commission overseeing Big Tech. Vestager on Tuesday announced the hiring of Fiona Scott …
French ministers urge EU’s Vestager to reconsider US pick for antitrust post Read More »
By Shashwat Chauhan and Shristi Achar A (Reuters) – Britain’s FTSE 100 rose for the fourth straight session on Thursday buoyed by gains in base metal miners, with data showing the UK economy potentially dodging a recession further helping investor sentiment. The blue-chip FTSE 100 rose 0.3%, boosted by a 2.0% rise in industrial miners …
Miners push FTSE 100 higher; fading recession fears lift mood Read More »
(Reuters) -Britain’s antitrust regulator on Thursday announced an in-depth probe of Adobe’s $20 billion bid for cloud-based designer platform Figma, after the Photoshop owner said it would not offer any remedies to ease the regulator’s concerns. The Competition and Markets Authority (CMA) said late last month it had found the deal could lead to less …
UK announces in-depth probe of Adobe’s $20 billion Figma deal Read More »
By Giuseppe Fonte ROME (Reuters) – Italy is looking to boost the ability of listed companies to issue shares with enhanced voting rights, a Treasury official said on Thursday, as part of efforts to stop a steady flight of businesses from Milan to the Netherlands. Such an option, however, will be considered as long as …
Italy looking to boost loyalty shares scheme to help Milan bourse Read More »
LONDON (Reuters) – Britain’s financial watchdog said on Thursday it has fined Bastion Capital London Ltd, now in liquidation, 2.45 million pounds ($3.20 million) for “serious crime control failings” in relation to the ‘cum-ex’ trading scandal. “They failed to manage the risk of being used to facilitate fraudulent trading and money laundering,” the Financial Conduct …
UK watchdog fines Bastion Capital $3.2 million over ‘cum-ex’ trading Read More »
LONDON (Reuters) – Britain’s public debt could surge to more than 300% of annual economic output by the 2070s, up from about 100% now, due to challenges such as an ageing society, climate change and geopolitical tensions, the government’s budget forecasters said. The Office for Budget Responsibility said on Thursday those challenges already posed significant …
UK faces long-term risk of debt at 300% of GDP – budget office Read More »
