ROME (Reuters) – Thousands of Telecom Italia (TIM) customers across Italy complained of internet outages and glitches on Sunday which the company blamed on problems with an international link. Users from the northern city of Milan to the Sicilian capital Palermo reported problems, with the issue mainly focused on fixed-line internet services. Some soccer fans …
Italy’s TIM suffers internet connection problems Read More »
HELSINKI (Reuters) – Wage disputes in the Finnish technology and chemicals industries have been resolved, ending the risk of labour strikes that were due to begin next week, employers and a workers’ union said on Sunday. Last week, more than 7,000 workers of industries that included stainless steelmaker Outokumpu went on a three-day strike which …
LONDON (Reuters) – Former British prime minister Liz Truss blamed on Sunday the economic “orthodoxy” in the country’s finance ministry, other nations and in parts of the governing Conservative Party for derailing her premiership and “plan for growth”. Truss’s tenure was cut short last year after her largely unfunded mini budget and tax cuts pushed …
UK’s shortest-serving PM Liz Truss blames economic ‘orthodoxy’ for downfall Read More »
FRANKFURT (Reuters) – Lufthansa and Air France-KLM are circling collapsed UK regional airline Flybe to try to obtain its take-off and landing slots at London’s Heathrow Airport, Britain’s Telegraph newspaper reported on Saturday. Lufthansa and Air France-KLM declined to comment. The Telegraph said the two airlines were in talks with the administrators of Flybe, which …
Lufthansa, Air France-KLM eye Flybe landing slots – report Read More »
LONDON (Reuters) -The Bank of England (BoE) and Britain’s finance ministry think the UK is likely to need to create a central bank digital currency (CBDC) later this decade, the Telegraph newspaper reported on Saturday, citing an unreleased government report. “On the basis of our work to date, the Bank of England and HM Treasury …
BoE and Treasury think UK is ‘likely’ to need digital currency – Telegraph Read More »
PARIS (Reuters) – France and Germany’s economy ministers will tell senior U.S. officials not to try to actively poach green investments from Europe when they visit Washington next week to raise concerns about U.S. green tech subsidies, two French officials said. France’s Bruno Le Maire and Germany’s Robert Habeck are due to press concerns in …
French, German ministers to tell U.S. don’t poach EU investments -sources Read More »
(Reuters) – U.S.-based advisory firm Innisfree M&A Incorporated sued Twitter on Friday in New York State Supreme Court, seeking about $1.9 million for what it says are unpaid bills after it advised the social media company on its acquisition by Elon Musk last year. “As of December 23, 2022, Twitter remains in default of its …
Advisory firm Innisfree sues Musk’s Twitter for $1.9 million in unpaid bills Read More »
By Valentina Za and Andrea Mandala MILAN (Reuters) -The European Central Bank (ECB) can take a cautious approach to raising interest rates given that short-term inflation expectations have dropped sharply and longer-term ones remain under control, a top Italian policymaker said on Saturday. ECB Governing Council member Ignazio Visco, who is also the Bank of …
ECB’s Visco says caution warranted in policy tightening Read More »
MILAN (Reuters) – Italy’s third-largest bank Banco BPM is keen to generate greater value longer-term from its retailers’ payment business as it explores strategic options for the unit, its chief executive said on Saturday. Speaking to reporters on the sidelines of the Assiom-Forex conference in Milan, Chief Executive Giuseppe Castagna said Banco BPM was considering …
Banco BPM wants to squeeze more long-term value from retailers’ payment business Read More »
MILAN (Reuters) – Banco BPM Chief Executive Giuseppe Castagna on Saturday ruled out a potential acquisition of Monte dei Paschi di Siena saying the state-owned bank is too big to swallow. Monte dei Paschi is 64% owned by the Italian state, which needs to eventually cut its stake to meet re-privatisation commitments given to the …
Monte dei Paschi too big a deal for Banco BPM, says BPM boss Read More »
