By Huw Jones LONDON (Reuters) – The European Union’s banking watchdog urged stablecoin issuers on Wednesday to voluntarily comply with ‘guiding principles’ on managing risks and protecting consumers ahead of mandatory rules due in a year’s time. The EU approved its Markets in Crypto Assets Regulation (MiCAR) in April, the world’s first comprehensive set of …
EU watchdog calls for early adoption of stablecoin standards Read More »
By Marwa Rashad and Curtis Williams LONDON (Reuters) – Top LNG traders Shell and BP have separately filed for arbitration against U.S. exporter Venture Global LNG for failing to supply contracted cargoes, even as it sold to non-contract customers as prices soared, four people familiar with the matter said. A Venture Global LNG spokesperson did …
Exclusive-Shell, BP pursue arbitration claims against Venture Global LNG Read More »
By Dominique Vidalon PARIS (Reuters) -Rival bidders for struggling French retailer Casino on Tuesday presented their respective plans to rescue the group, two sources close to the matter said, and Les Echos paper said the offers would be raised. Czech billionaire Daniel Kretinsky is vying against a consortium led by telecoms entrepreneur Xavier Niel, investment …
Rival billionaires pitch rescue plans, higher offers for retailer Casino Read More »
By Jesús Aguado and Chiara Elisei MADRID/LONDON (Reuters) – Shareholders and creditors of Spain’s largest private industrial group, Celsa, have clashed over the company’s valuation as part of a longstanding debt-restructuring dispute, legal representatives for the two camps said on Tuesday. The valuation of Celsa is key to the dispute as a low valuation could …
Shareholders, creditors clash on value of Spain’s Celsa in restructuring fight Read More »
By Diane Bartz WASHINGTON (Reuters) – Microsoft cleared major hurdles to its plan to buy videogame maker Activision Blizzard on Tuesday, after a U.S. judge gave a thumbs-up to the $69 billion deal and a British regulator suggested it could reconsider its opposition. Activision shares surged 10% on the day, as the U.S. and Britain …
Microsoft’s Activision deal gets US judge go-ahead, UK softens opposition Read More »
DUBLIN (Reuters) -Ryanair on Tuesday resigned from an industry group set up by the British government to help implement its aviation strategy, dismissing it as a “talking shop” which has delivered no benefits or reforms for passengers. The UK Aviation Council first met in February to advise on a ten-year plan set out by ministers …
Ryanair quits industry group advising on UK aviation strategy Read More »
By David Shepardson WASHINGTON (Reuters) -Chrysler-parent Stellantis has warned 29,000 owners of 2003 Dodge Ram pickups to immediately stop driving pending repairs after one person was killed when a Takata air-bag inflator exploded. The fatality in May is the first reported involving a Takata passenger-side bag, the National Highway Traffic Safety Administration (NHTSA) said in …
New air bag death prompts ‘Do Not Drive’ warning for 2003 Dodge Ram pickups Read More »
By Foo Yun Chee BRUSSELS (Reuters) – An American economist who was a senior antitrust official during former President Barack Obama’s tenure, Fiona Scott Morton, has been appointed chief competition economist at the European Commission, the EU executive body said on Tuesday. Scott Morton, 56, will take up her post on Sept. 1 when the …
US economist picked for senior EU antitrust job overseeing Big Tech Read More »
(Reuters) -Daimler Truck expects revenues to grow as much as 60% between 2025 and 2030, top management of the truck and bus maker told investors on Tuesday. The company’s optimistic outlook, presented at a capital markets day in Boston, comes a year after Daimler Truck became an independently listed company in a spinoff from Mercedes-Benz …
Daimler Truck sees revenue growing as it focuses on autonomous vehicles Read More »
By Foo Yun Chee BRUSSELS (Reuters) -U.S. genetic testing company Illumina will face a record EU antitrust fine on Wednesday for closing its takeover of Grail before it secured approval from EU regulators, a person familiar with the matter said on Tuesday. Reuters reported in January that the European Commission is set to hand out …
Illumina to face record EU antitrust fine for Grail deal, source says Read More »
