OSLO (Reuters) – Norway’s Equinor said it shut production at the Statfjord A oil and gas platform in the North Sea on Thursday due to a gas leakage. Equinor had detected a leakage of hydrogen sulfide gas in one of the platform shafts, a spokesperson told Reuters in a text message. “As a precautionary measure, …
Equinor shuts output at Statfjord A platform due to leakage Read More »
BERLIN (Reuters) -German authorities have serious indications of possible data protection violations by Tesla, Handelsblatt newspaper reported on Thursday, citing the data protection office in the state where the carmaker has its European gigafactory. Handelsblatt’s report said the U.S. electric car manufacturer has failed to adequately protect data from customers, employees and business partners, citing …
German authorities looking into possible data protection violations by Tesla -newspaper Read More »
(Reuters) – British ministers are considering sweeping reforms to the 39 billion pounds ($49.22 billion) Pension Protection Fund that protects savers in company pension plans, the Financial Times reported on Thursday. Proposals brought before ministers could see the government-backed fund being given an extended remit to take on struggling corporate “defined benefit” retirement schemes, the …
UK ministers consider reshaping Pension Protection Fund- FT Read More »
MILAN (Reuters) – Investment firm Permira has acquired the majority of Gruppo Florence, in a deal which a source close to the matter said valued the hub of Italian luxury clothing and leather goods manufacturers at more than 1 billion euros ($1.1 billion). The deal announced on Thursday highlights a trend among private equity funds, …
Permira takes control of Italian luxury suppliers hub Florence Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Online travel agency Booking Holdings Inc is expected to receive an EU antitrust warning about its 1.63 billion euro bid for Sweden-based Etraveli Group, three people familiar with the matter said. The European Commission, which acts as the competition enforcer for the European Union, is likely to send a …
Exclusive-Booking set to get EU antitrust warning on Etraveli deal, sources say Read More »
By David Milliken LONDON (Reuters) -The Bank of England needs to push back against the risk that high inflation proves unexpectedly sticky, and may need to raise interest rates further, Monetary Policy Committee (MPC) member Jonathan Haskel said on Thursday. Haskel – who in the past has sometimes voted for bigger interest rate rises than …
Bank of England’s Haskel says policy should lean against sticky inflation Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Twitter is likely to pull out from a voluntary EU code of practice to tackle disinformation, but the move does not mean it will quit Europe, an EU official said on Thursday. The European Commission beefed up the code last year, requiring companies to submit regular progress reports with …
Twitter likely to quit EU code against disinformation, EU official says Read More »
By Naomi Rovnick and David Milliken LONDON (Reuters) – Britain’s biggest asset manager, Legal & General Investment Management, said it was hard to take a long-term view on British government bonds given a lack of clear narrative on UK inflation and interest rates. The firm, which manages $1.4 trillion in assets, is looking tactically at …
LGIM’s CIO Laud says hard to take long-term view on UK gilts Read More »
By Johann M Cherian and Shashwat Chauhan (Reuters) – UK shares extended losses on Thursday, hit by concerns about further monetary tightening by the Bank of England (BoE), while lower oil prices pulled down energy stocks. The blue-chip FTSE 100 fell 0.7%, briefly touching a fresh eight-week low intraday. Both FTSE indices fell sharply on …
UK stocks decline for second day on BoE rate hike worries Read More »
FRANKFURT (Reuters) – Euro zone governments should roll back relief measures introduced in response to the energy crisis of last year if they don’t want to fuel inflation further, the ECB’s vice-president Luis de Guindos said on Thursday. “As the energy crisis fades, governments should roll back the related support measures promptly and in a …
ECB tells governments to roll back relief measures Read More »
