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MADRID/MEXICO CITY (Reuters) – Mexico’s government has agreed to buy 13 power generation plants from Spain’s Iberdrola in a deal worth $6 billion, which Mexican President Andres Manuel Lopez Obrador on Tuesday called a “new nationalization” of the energy sector. Lopez Obrador has frequently lambasted Iberdrola, openly criticizing the leading Spanish power utility of benefiting …

Mexico to buy 13 power plants from Spain’s Iberdrola for $6 billion Read More »

By Stefania Spezzati and Oliver Hirt LONDON (Reuters) – The Bank of England has approved UBS Group AG’s takeover of Credit Suisse Group AG in the United Kingdom, people familiar with the process told Reuters, a key market for the Swiss lenders racing to close the rescue deal. Reuters could not establish if any conditions …

Exclusive-Bank of England approves UBS’s Credit Suisse takeover in UK -sources Read More »

By Foo Yun Chee BRUSSELS (Reuters) – UBS has secured a temporary green light from EU antitrust regulators to complete its acquisition of Credit Suisse but will still have to request clearance under EU merger rules, the European Commission said on Tuesday. UBS came to Credit Suisse’s rescue last month with a merger engineered and …

UBS gets temporary EU green light for Credit Suisse deal, pending review Read More »

By Anirban Sen NEW YORK (Reuters) – Goldman Sachs Group Inc and JPMorgan Chase & Co each won the accolade of top mergers and acquisitions (M&A) financial advisor in the first quarter of 2023 in separate deal league tables, highlighting discrepancies in how these are compiled. JPMorgan edged out Goldman to claim the top spot …

Goldman Sachs, JPMorgan stake competing claims to No. 1 deal advisory spot Read More »

LONDON (Reuters) – Britain’s data watchdog said on Tuesday it had fined TikTok 12.7 million pounds ($15.9 million) for breaching data protection law including by using the personal data of children aged under 13 without parental consent. The Information Commissioner’s Office (ICO) estimated that TikTok allowed as many as 1.4 million UK children under 13 …

UK watchdog fines TikTok $16 million for ‘misusing children’s data’ Read More »

By Scott Murdoch and Mimosa Spencer SAO PAULO/PARIS (Reuters) -France’s L’Oreal has agreed to buy Australian luxury brand Aesop from Natura & Co for an enterprise value of $2.53 billion, growing its presence in high-end cosmetics with an eye to international expansion, including in China. For L’Oreal, which owns labels ranging from Maybelline to Lancome, …

L’Oreal buys luxury brand Aesop with eye on China Read More »

By Victoria Waldersee BERLIN (Reuters) – Tesla will warn that its ‘sentry mode’, which records a car’s surroundings, risks infringing data privacy laws in Germany after consumer group vzbv sued the manufacturer for failing to mention this in advertising. The case is the latest in a series of disputes in countries from China to the …

Tesla to warn of data privacy risk from car security cameras in Germany Read More »

By Ahmed Rasheed and Maha El Dahan BAGHDAD (Reuters) – Iraq said on Tuesday it has agreed to a smaller 30% stake in TotalEnergies long-delayed $27 billion project, reviving a deal that Baghdad hopes could lure back foreign investment into the battered country which craves stability. The deal was signed in 2021 for TotalEnergies to …

Iraq agrees to 30% stake in TotalEnergies $27 billion energy project Read More »

By Noele Illien and John O’Donnell ZURICH (Reuters) -Credit Suisse’s chairman apologised for taking the Swiss bank to the brink of bankruptcy, as he faced shareholder fury over the demise of the once proud flagship. The hastily arranged takeover by Zurich-based UBS, for which Switzerland invoked emergency legislation, bypassed Credit Suisse shareholders, who would otherwise …

Credit Suisse chairman: ‘truly sorry’ as fury grows Read More »