Reuters UK Business

France’s Macron signals electric car subsidy concern on agenda with Harris

18 Feb 2023

By Trevor Hunnicutt MUNICH (Reuters) – French President Emmanuel Macron signaled on Friday that he would discuss concerns about U.S. electrical vehicle subsidies with Vice President Kamala Harris as they met during the Munich Security Conference. “We are working hard,” on the issue, Macron said before their meeting. While EU countries welcome the U.S. commitment …

France’s Macron signals electric car subsidy concern on agenda with Harris Read More »

Allianz swings to quarterly profit in rebound from funds debacle

18 Feb 2023

By Tom Sims and Alexander Hübner FRANKFURT (Reuters) – Germany’s Allianz on Friday swung to a fourth-quarter net profit, rebounding after taking big charges a year earlier for a U.S. funds scandal and as a higher investment margin boosted its life and health insurance business. But its asset management division – which includes bond giant …

Allianz swings to quarterly profit in rebound from funds debacle Read More »

In comeback, Commerzbank to join Germany’s DAX blue-chip index

18 Feb 2023

FRANKFURT (Reuters) – Germany’s Commerzbank will rejoin the DAX index on Feb. 27, Deutsche Boerse announced late on Friday, marking a comeback for Germany’s No. 2 lender after it was removed from the club of blue-chip companies in 2018. The return to the index comes after Commerzbank launched a major overhaul two years ago that …

In comeback, Commerzbank to join Germany’s DAX blue-chip index Read More »

Airports see smoother summer travel than 2022 but brace for headaches

17 Feb 2023

By Allison Lampert and Joanna Plucinska (Reuters) -Global airports expect smoother travel this summer as staffing improves, but surging passenger demand during peak periods in Europe and North America could still bring long lines, baggage piles and delayed flights, an industry group said. Airports, airlines and government agencies have been staffing up to avoid crippling …

Airports see smoother summer travel than 2022 but brace for headaches Read More »

Mexico airport operator OMA to scale up with Vinci partnership

17 Feb 2023

MONTERREY, Mexico (Reuters) – Mexican airport operator OMA will scale up “to another level” thanks to a tie-up with France’s Vinci, OMA Chief Executive Ricardo Duenas said in a release Friday. In December, French construction and concessions firm Vinci bought an almost-30% stake in OMA for $820 million. The partnership adds OMA to Vinci’s network …

Mexico airport operator OMA to scale up with Vinci partnership Read More »

Exclusive-Microsoft’s Bing plans AI ads in early pitch to advertisers

17 Feb 2023

By Sheila Dang (Reuters) – Microsoft has started discussing with ad agencies how it plans to make money from its revamped Bing search engine powered by generative artificial intelligence as the tech company seeks to battle Google’s dominance. In a meeting with a major ad agency this week, Microsoft showed off a demo of the …

Exclusive-Microsoft’s Bing plans AI ads in early pitch to advertisers Read More »

EU countries poised to agree push on fossil fuel phase-out -document

17 Feb 2023

By Kate Abnett BRUSSELS (Reuters) – European Union countries are preparing to endorse a diplomatic stance on Monday calling for a global phase-out of fossil fuels, as they prepare for this year’s U.N. climate change talks, a draft document showed. The EU conclusions on climate diplomacy, which member countries’ foreign ministers aim to approve at …

EU countries poised to agree push on fossil fuel phase-out -document Read More »

Energy, tech stocks drag European shares as rate-hike worries resurface

17 Feb 2023

By Shreyashi Sanyal and Amruta Khandekar (Reuters) -European shares on Friday retreated further from one-year highs touched earlier in the week as energy and technology stocks spearheaded losses on mounting concerns that the Federal Reserve would stick to its monetary tightening trajectory for longer. The pan-European STOXX 600 index closed down 0.2%, after having touched …

Energy, tech stocks drag European shares as rate-hike worries resurface Read More »

Google, Twitter, Meta, Apple face tougher EU online content rules

17 Feb 2023

By Foo Yun Chee BRUSSELS (Reuters) -Alphabet Inc’s Google, Facebook parent Meta Platforms Inc, Twitter and Apple face stricter EU online content rules, based on monthly user numbers published by the companies, which exceeded an EU threshold for big online platforms. The new rules known as the Digital Services Act (DSA) label companies with more …

Google, Twitter, Meta, Apple face tougher EU online content rules Read More »

Close Bitnami banner
Bitnami