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Twitter offers free ads to brands that advertise on its platform – WSJ

14 Jan 2023

(Reuters) – Twitter Inc is offering free advertisements to brands that advertise on its platform, an attempt to woo brands back to the social-media platform, which has seen its ad business deteriorate following Elon Musk’s takeover, the Wall Street Journal reported on Friday. Twitter is dangling free ad space by offering to match advertisers’ ad …

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Airbus withdraws from U.S. FAA Boeing safety culture panel

14 Jan 2023

By David Shepardson WASHINGTON (Reuters) – European planemaker Airbus said it had withdrawn from a U.S. government-named panel reviewing Boeing’s safety processes and how they influence Boeing safety culture after two fatal 737 MAX crashes in recent years killed 346 people. The Federal Aviation Administration’s (FAA) panel named last week includes MIT lecturer and aerospace …

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Four Bulgarians charged in probe of crypto lender Nexo

13 Jan 2023

By Tsvetelia Tsolova SOFIA (Reuters) – Four Bulgarians have been charged with participating in an organised crime group set up to launder money and commit tax and computer fraud, investigators and prosecutors probing crypto lender Nexo said on Friday. Prosecutors on Thursday said they launched an investigation into alleged illegal activities conducted by Nexo, carrying …

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United Internet’s Ionos to launch IPO process this month – sources

14 Jan 2023

By Emma-Victoria Farr and Alexander Hübner BERLIN/FRANKFURT (Reuters) -United Internet’s web hosting subsidiary Ionos wants to begin the process for an initial public offering (IPO) this month, two sources close to the matter told Reuters on Friday. An intention to float (ITF) document could come as soon as next week, the sources said. Bloomberg first …

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EU asks member states for proposals on how to ease state aid rules

13 Jan 2023

BRUSSELS (Reuters) – The European Commission on Friday asked member states for input by Jan. 25 on proposals to ease state aid rules, as the bloc considers measures to prevent the United States from luring away investment with its green energy subsidy package. “We need a strong European response,” the Commission’s Vice-President Margrethe Vestager said …

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EU plans law forcing companies to prove green claims are real – draft

13 Jan 2023

By Kate Abnett BRUSSELS (Reuters) – The European Union has drafted plans to require companies to back up green claims about their products with evidence, in a bid to fight greenwashing and misleading advertisements, according to a document seen by Reuters. The draft legal proposal by the European Commission aims to clamp down on companies …

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Capricorn sets merger vote for Feb. 1, rejigs board of new firm

13 Jan 2023

By Shadia Nasralla LONDON (Reuters) -Capricorn Energy said on Friday the shareholder vote on its planned merger with Israel’s NewMed Energy LP would be on Feb. 1, the same day as a vote triggered by activist shareholder Palliser wanting to oust Capricorn’s leadership. The British oil and gas producer added in a letter from its …

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Italian watchdog fines online retailer YNAP more than $5 million

13 Jan 2023

ROME (Reuters) -Italy’s antitrust agency has fined online fashion retailer YOOX Net-A-Porter (YNAP) 5.25 million euros ($5.69 million) over misleading pricing and its returns policy, the regulator said on Friday. The retailer advertised reductions on products on which the final sale price was “substantially the same” as the pre-discount price and blocked orders from customers …

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European stocks clock second straight weekly gain

13 Jan 2023

By Bansari Mayur Kamdar and Shreyashi Sanyal (Reuters) – European shares closed near a nine-month high on Friday, supported by healthcare and banking stocks and upbeat economic data from Britain. The pan-regional STOXX 600 gained 0.5%, outperforming their U.S. peers after reporting season kicked off with mixed bank earnings. The European index closed its second …

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