(Reuters) -Spotify Technology SA said on Wednesday it would roll out new features like smart shuffle and previews of podcasts and music playlists on its audio streaming platform, as it crossed 500 million in monthly active listeners. The Swedish company, which has invested heavily in building up its podcast and audiobooks business in recent years …
By Rajesh Kumar Singh CHICAGO (Reuters) – When General Electric Co’s investors gather on Thursday, the focus will be on the company’s loss-making renewable energy business as well as persistent supply-chain challenges at its aerospace unit. A $100 billion reduction in debt since 2018, coupled with a successful spin-off of its healthcare business and strong …
GE’s investors seek solutions to renewable energy, supply chain challenges Read More »
AMSTERDAM (Reuters) – ASML, the Dutch maker of equipment to produce semiconductors, on Wednesday said new export restrictions imposed by the Dutch government were not expected to have a material impact on its financial outlook. “Due to these upcoming regulations, ASML will need to apply for export licenses for shipment of the most advanced immersion …
ASML expects no material impact from new Dutch export restrictions Read More »
PARIS (Reuters) – The French government is looking at introducing tax incentives to spur investment in climate-friendly industrial projects as part of a planned green industry law, Finance Minister Bruno Le Maire said on Wednesday. Like many governments in Europe, Paris is concerned that its industrial sector could fall behind on green technologies due to …
France eyes tax incentives for green industry investment -minister Read More »
By Olivier Sorgho and Vittorio Maresca di Serracapriola (Reuters) – Belgian car distributor and vehicle glass repairer D’Ieteren Group on Wednesday said it expected further profit improvement in 2023, helped by growth in its businesses and the acquisition of Parts Holding Europe (PHE). The company expects a full-year adjusted profit before tax, group share of …
Car distributor D’Ieteren expects higher 2023 profit Read More »
LONDON (Reuters) – British investors on Wednesday fully priced in a 0.25 percentage point increase in Bank of England interest rates at its March meeting, after the U.S. Federal Reserve signalled that it could push its rates higher. A day earlier, the overnight index swap market had shown a roughly 90% chance that the BoE …
Taking Fed’s lead, UK investors fully price in BoE hike in March Read More »
BUDAPEST (Reuters) -Hungarian central bank Governor Gyorgy Matolcsy called on Prime Minister Viktor Orban’s government on Wednesday to aid efforts to curb inflation, saying the country faced risks from rising debt servicing costs and slower convergence. Hungarian inflation slowed for the first time since the middle of 2021 in February, although only by a touch …
Hungary cbank chief urges government to aid efforts to curb inflation Read More »
BERLIN (Reuters) -Germany auto parts maker Continental predicted rising sales would boost margins this year, as it moves beyond supply chain disruption and Russian asset impairments that in 2022 contributed to a fall in net income of nearly half. Announcing results on Wednesday, CEO Nikolai Setzer also said the company was selling its operations in …
Continental predicts higher margins, selling Russia operations Read More »
By John Stonestreet and Ludwig Burger (Reuters) -The Swiss antitrust agency on Wednesday named four companies it is investigating for forming an alleged fragrance cartel that is also the target of U.S. and other European watchdogs. They are Switzerland’s Givaudan, domestic rival Firmenich, which is merging with Dutch chemicals group DSM, U.S.-based International Flavors & …
Swiss antitrust agency names four firms in fragrance cartel probe Read More »
By Iain Withers LONDON (Reuters) -Britain’s auditing watchdog has imposed a 7.5 million pound ($8.9 million) penalty on PwC for “serious breaches” found in audits of engineer Babcock International, the regulator said on Wednesday. The Financial Reporting Council (FRC) said the penalties related to failings on audits of Babcock’s accounts up to the end of …
PwC hit with $8.9 million penalty for ‘serious breaches’ on Babcock audits Read More »
