By Paul Sandle LONDON (Reuters) – Britain’s antitrust regulator said on Friday it had provisionally found Alphabet’s Google had abused its dominant position in digital advertising to restrict competition. The Competition and Markets Authority (CMA) said it believed Google was using anti-competitive practices in open display ad tech through the preference of its own ad …
Google abusing power over website ads, UK regulator says Read More »
By Tommy Reggiori Wilkes and John O’Donnell LONDON/VIENNA (Reuters) – A Russian court has frozen Raiffeisen Bank International’s local arm, killing off any prospect of selling the business for now and deepening the standoff between Moscow and the West. Austrian bank RBI, active in Russia since the end of the Soviet Union, has increasingly frustrated …
MADRID (Reuters) -Fashion and fragrance company Puig reported lower-than-expected sales and a fall in its operating margin in the first half of 2024, sending its stock down by 9% in its first reported earnings as a listed company. The Barcelona-based company behind perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier said net profit fell …
Beauty company Puig falls on disappointing sales, operating margin Read More »
SINGAPORE (Reuters) -The United States has imposed sanctions on hundreds of entities and individuals for supporting Russia’s war effort in Ukraine, including companies supporting the development of Russia’s Arctic LNG 2 project and its shipment of liquefied natural gas (LNG), as well as other future energy projects. The Arctic LNG 2 project by Russia’s Novatek …
Factbox-LNG entities under US sanctions to curb Russia’s Arctic LNG 2 project Read More »
(Reuters) – Italian retail sales rose 0.5% in July from the month before, data showed on Friday, following a 0.2% fall in June. Sales rose 1.0% in unadjusted year-on-year terms in July, ISTAT said. The data are expressed in value terms and are not adjusted for consumer prices, which increased 1.6% in July from the …
BERLIN (Reuters) – Volkswagen’s PowerCo battery subsidiary will build just one of two planned production lines at its Salzgitter plant in Germany for now, its works council said, as the sector adjusts to slowing demand for electric vehicles. Group technology chief Thomas Schmall on Thursday showed a staff meeting a slide showing plans for just …
Volkswagen’s German battery plant to stay at half capacity amid cost pressures Read More »
By Anirban Sen and Milana Vinn (Reuters) -French workplace supplies provider Elis SA has approached Vestis, the former uniform rentals business of Aramark, with an acquisition offer, according to people familiar with the matter. Elis first approached Vestis, which has a market value of about $3.3 billion including debt, a few weeks ago, the sources …
Exclusive-France’s Elis has bid for US uniform supplier Vestis, sources say Read More »
(Reuters) – Europe’s aviation regulator ordered a one-off visual inspection of fuel hoses on some Rolls-Royce XWB-97 engines powering Airbus A350-1000 jetliners following an engine fire on a Cathay Pacific airplane earlier this week. In an emergency airworthiness directive on Thursday, the European Union Aviation Safety Agency (EASA) said the checks should be carried out …
Europe regulator orders visual checks on some Rolls-Royce A350-1000 engines Read More »
By Carolyn Cohn LONDON (Reuters) -Fitch has changed its outlook on global reinsurers to neutral from improving, adding on Thursday it expected the sector to remain strong but that prices had probably passed their peak. Reinsurers, which insure insurers, have raised their rates in recent years in response to losses from the COVID-19 pandemic, wars …
Fitch shifts outlook on global reinsurers to neutral Read More »
(Reuters) -Derivatives exchange operator CBOE is partnering with a London-based tech firm, Globacap, to create a U.S. trading platform for shares of closely held companies, Bloomberg News reported on Wednesday. CBOE Private Markets has already registered with the Financial Industry Regulatory Authority (FINRA) as a broker-dealer last month, the report said, adding that the platform …
