FRANKFURT (Reuters) – Underlying inflation in the euro zone will stay high in the near term so a 50 basis point European Central Bank interest rate increase later this month is increasingly certain, ECB President Christine Lagarde told Spanish media group Vocento. The ECB has already raised rates by 3 percentage points since July and …
ECB facing high core inflation in the near term, Lagarde says Read More »
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -Italian state investor CDP has called a board meeting on Sunday which is expected to approve a long-delayed non-binding offer for the fixed network of former phone monopoly Telecom Italia, three sources close to the matter said. CDP has teamed up with Australian infrastructure fund Macquarie in …
Board of Italy’s CDP meets Sunday over bid for Telecom Italia grid Read More »
FRANKFURT (Reuters) – Mercedes-Benz laid the foundation stone for a sustainable battery recycling factory in Kuppenheim, southern Germany on Friday. The pilot plant will have an annual capacity of 2500 tonnes and will contribute to the production of more than 50,000 battery modules for new electric Mercedes-Benz vehicles. Recycled batteries will come from test vehicles …
Mercedes-Benz begins building battery recycling factory in southern Germany Read More »
By Hannah Lang and Akriti Sharma (Reuters) – Silvergate Capital Corp said on Friday it made a “risk-based decision” to discontinue the Silvergate Exchange Network, its crypto payments network, two days after the digital asset-focused bank raised doubts about its viability. “Effective immediately Silvergate Bank has made a risk-based decision to discontinue the Silvergate Exchange …
Silvergate suspends crypto payments network; shares fall after-hours Read More »
FRANKFURT (Reuters) – German defence contractor Rheinmetall is in negotiations about building a tank factory in Ukraine, the newspaper Rheinische Post reported on Saturday, citing an interview with CEO Armin Papperger. Rheinmetall makes ammunition, other military equipment and also the Leopard tanks that Germany decided to send to Ukraine, which the company produces jointly with …
Rheinmetall in talks on building tank factory in Ukraine – report Read More »
(Reuters) – Italy is close to granting preliminary approval to a multibillion-euro offer by state lender CDP and Macquarie Group for Telecom Italia’s landline network, Bloomberg News reported on Saturday citing people familiar with the matter. Acceptance of the bid by CDP and Australia’s Macquarie could be announced this month, the report said, adding that …
Italy close to approve CDP, Macquarie bid for TIM’s grid- Bloomberg News Read More »
(Reuters) – Bitcoin dropped 5.2% to $22,253 at 2204 GMT on Friday, losing $1,213 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 11.9% from the year’s high of $25,270 on Feb. 16. Ether, the coin linked to the ethereum blockchain network, dropped 5.3% to $1,560.9 on Friday, losing $87.1 from …
By Andrea Shalal and David Shepardson WASHINGTON (Reuters) -The United States and European Union are working toward agreement in principle on a deal to make European minerals eligible for tax credits, a senior EU official said Friday. The $430 billion U.S. Inflation Reduction Act passed in August requires rising percentages of battery minerals to come …
EU, US working on deal to make EV minerals eligible for tax credits -EU official Read More »
By Jeffrey Dastin (Reuters) – LinkedIn co-founder Reid Hoffman is leaving OpenAI’s board to avoid conflicts of interest as he backs more artificial intelligence companies, he said in an online post. Hoffman, who has invested in and advised the startup since its 2015 founding, said his venture capital firm Greylock is funding companies such as …
OpenAI’s long-time backer Reid Hoffman leaves board Read More »
WARSAW (Reuters) – An opposition-linked Polish mayor had his phone hacked using Pegasus spyware, Gazeta Wyborcza daily reported on Friday, amid allegations that the country’s special services have used the technology against government opponents. Reports in 2021 by the Associated Press that the software, developed by Israel-based NSO Group was used to hack the phones …
