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ZURICH (Reuters) – Nestle will pay a former manager 2 million Swiss francs ($2.2 million) compensation after a Swiss court upheld her claim of bullying while working at the company, newspaper Tages-Anzeiger reported. Yasmine Motarjemi was awarded the compensation by a court in Vaud, southern Switzerland, the paper said on Saturday, after a 12-year legal …

Nestle to pay ex manager $2.2 million over bullying case – Tages-Anzeiger Read More »

By Jarrett Renshaw and Hyunjoo Jin (Reuters) -Tesla CEO Elon Musk has often talked about opening his Supercharging network to competitors, but has never actually done so in the United States, where the company dominates the electric vehicle market. Now, the brash CEO may have 7.5 billion reasons to accelerate those plans. The Department of …

Exclusive-To tap U.S. government billions, Tesla must unlock EV chargers Read More »

(Reuters) – Global ratings agency Moody’s downgraded Ukraine’s sovereign rating to ‘Ca’ from ‘Caa3’ on Friday, as it expects the war with Russia to create long-lasting challenges for the country. The Moody’s downgrade comes amid a new Russian offensive ahead of the first anniversary of the war that started on Feb. 24, with Russia hitting …

Moody’s downgrades Ukraine rating on prolonged effects of Russia war Read More »

By Amanda Ferguson and Conor Humphries BELFAST (Reuters) – Northern Ireland’s largest unionist party faces a historic dilemma if EU and British negotiators clinch a post-Brexit trade deal: redraw their red lines or risk signing a death warrant for decades of power-sharing with Irish nationalists. The Democratic Unionist Party (DUP) could take a chance and endorse a …

N.Ireland unionists face historic choice as EU, UK near protocol deal Read More »

BRUSSELS (Reuters) – Deutsche Telekom, Orange, Telefonica and Vodafone on Friday secured unconditional EU antitrust approval for their advertising joint venture to take on Big Tech. “The transaction, as notified, would not significantly reduce competition in French, German, Italian and Spanish markets,” the European Commission said in a statement. Reuters exclusively reported on the imminent …

European telecoms’ advertising venture against Big Tech wins EU antitrust nod Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Apple Inc will seek to convince EU antitrust regulators that it does not block rivals’ access to its technology used for mobile wallets at a closed hearing on Tuesday, people familiar with the matter said, the last chance for it to do so before possible hefty fines. The …

Apple to defend mobile payment system at Feb. 14 EU hearing, sources say Read More »

ROME (Reuters) – Unions at Italian airline ITA Airways on Friday threatened to call a strike after the company delayed signing off on a deal over salaries at the state-owned company, and urged the government to intervene on the issue. ITA, the successor of former flagship airline Alitalia, employs around 3,600 workers. Its unions were …

ITA Airways unions threaten strike after salary talks break down Read More »

By Balazs Koranyi ZAGREB (Reuters) – The European Central Bank needs to keep raising rates beyond March and must hold them at high levels for a while even as inflation falls and this “sacrifice” becomes more difficult to explain to the public, the ECB’s newest policymaker said. Having raised rates by 3 percentage points since …

ECB must keep raising rate despite public sacrifice, Vujcic says Read More »

MILAN (Reuters) – Jayne-Anne Gadhia, founder of money managing application Snoop and former Virgin Money chief executive, has stepped down from the board of UniCredit with immediate effect, the Italian bank said on Friday. Gadhia last month took on the chairmanship of digital wealth manager Moneyfarm, replacing co-founder Paolo Galvani to work alongside CEO and …

Snoop founder Gadhia quits UniCredit board after Moneyfarm chairmanship Read More »

By Hannah Lang and Elizabeth Howcroft (Reuters) – Crypto companies offering their customers eye-popping yields through so-called “staking” products are earning the ire of the U.S. securities regulator who says such services should be registered. Crypto exchange Kraken on Feb. 9 agreed to shutter its staking service for U.S. customers and pay $30 million in …

Explainer-What is ‘staking,’ the cryptocurrency practice in regulators’ crosshairs? Read More »