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By Blake Brittain (Reuters) – A Manhattan federal judge on Friday granted Hermes’ request to permanently block artist Mason Rothschild’s sales of “MetaBirkin” non-fungible tokens following a jury’s verdict that they violated the French luxury house’s trademark rights in its famed Birkin handbags. U.S. District Judge Jed Rakoff said the permanent injunction was justified because …

Hermes wins permanent ban on ‘MetaBirkin’ NFT sales in US lawsuit Read More »

LONDON (Reuters) – Exchanges are in an uncomfortable wait for the outcome of a lawsuit by two financial firms against the London Metal Exchange for voiding nickel contracts, worried about possible curbs on their ability to react in crisis situations if the LME loses. Whichever side wins, in the case that wrapped up three days …

LME’s nickel crisis: major developments since trading halt Read More »

BRUSSELS (Reuters) – The European Union formally adopted on Friday its 11th package of sanctions against Russia over its invasion of Ukraine, focusing on preventing the circumvention of existing measures. The formal adoption follows an agreement reached by EU governments on Wednesday. Below are the main features of the latest package: TRADE MEASURES – The …

Factbox-EU targets sanctions circumvention with 11th package against Russia Read More »

By Brendan Pierson (Reuters) – A federal judge has ruled in favor of Volkswagen in lawsuits brought against the automaker by two U.S. counties over its diesel emissions cheating scandal. U.S. District Judge Charles Breyer in San Francisco ruled Thursday that Utah’s Salt Lake County and Florida’s Hillsborough County could not prove that Volkswagen violated …

Volkswagen prevails against US counties’ diesel emissions claims Read More »

By Sudip Kar-Gupta BRUSSELS (Reuters) – Belgium’s FSMA regulator on Friday ordered Binance to cease offering any virtual currency services in the country, adding to pressure on the world’s biggest cryptocurrency exchange. Binance, which was founded by Changpeng Zhao in Shanghai in 2017, has grown to dominate the crypto industry but also faces scrutiny from …

Binance ordered to stop all digital currency services in Belgium Read More »

By Foo Yun Chee BRUSSELS (Reuters) – European Union industry chief Thierry Breton on Thursday defended draft rules aimed at preventing non-EU governments from gaining illegal access to EU data, saying they were not protectionist. The draft Data Act, which Breton proposed early last year, is in the final stage of negotiations between the European …

EU’s industry chief defends data rules criticised by Big Tech Read More »

BERLIN (Reuters) – Germany aims to purchase 60 Chinook helicopters from Boeing in a package that would cost up to 8 billion euros ($8.71 billion), including necessary infrastructure for the aircraft, a parliamentary source told Reuters on Friday. The sum includes the procurement of the CH-47 heavy-lift helicopters for 6.27 billion euros, 700 million euros …

Berlin plans to spend 8 billion euros in package for 60 Boeing Chinook helicopters -source Read More »

MILAN (Reuters) – Italian yacht maker Ferretti priced its offer for a dual listing in Milan at 3 euros per share, giving the company a valuation of around 1 billion euros ($1.1 billion). Czech billionaire Karel Komarek and Italian media entrepreneur Danilo Iervolino have both invested in the company, buying a total 10% of Ferretti’s …

Yacht maker Ferretti sails into Milan with 1 billion euro valuation Read More »