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PARIS (Reuters) – France’s privacy watchdog CNIL on Wednesday said it had imposed an 8 million euro ($8.49 million) fine linked to ad personalisation in the iPhone maker’s App Store, citing shortcomings with regard to user consent. “The advertising targeting settings available from the “Settings” icon of the iPhone were pre-checked by default”, the CNIL …

French privacy watchdog fines Apple over personalised ads Read More »

(Reuters) – McDonald’s Corp is set to abandon Kazakhstan as disruptions triggered by the Ukraine crisis have left the nation without a substitute for Russian meat supplies, Bloomberg News reported on Wednesday, citing people familiar with the matter. The fast-food giant, which exited Russia in May, banned its local franchisee from procuring meat patties from …

McDonald’s set to exit Kazakhstan on Russian war spillover – Bloomberg News Read More »

By Padraic Halpin DUBLIN (Reuters) -Meta must reassess the legal basis on how Facebook and Instagram use personal data to target advertising in the European Union, its lead privacy regulator in the bloc said on Wednesday when it fined the social media giant 390 million euros ($414 million) for the breaches. Meta said it intended …

Meta told to reassess legal basis for EU personalised ads Read More »

(Reuters) -Cineworld has shuttered 23 theatre sites since filing for bankruptcy protection last year and plans more closures, Bloomberg News reported, citing a legal adviser on Wednesday. The closures so far represent about 5% of the company’s theatre count in August, according to the report, which added the cinema chain now has 478 sites. Cineworld …

Cineworld shuts down 23 of its theatres, plans more closures – Bloomberg News Read More »

By Gilles Guillaume PARIS (Reuters) – Stellantis will ultimately cut about one in five retail outlets in France, the automaker said on Wednesday, as it seeks to restructure its distribution network to reduce costs and prepare for the era of electric cars. The Franco-Italian group, whose brands include Peugeot, Citroen and Fiat, is racing to …

Stellantis plans to cut one in five French outlets in dealership revamp Read More »

LONDON (Reuters) – Euro zone business activity contracted less than initially thought at the end of last year as price pressures eased, according to a survey which suggested the bloc’s recession may not be as deep as expected. S&P Global’s final composite Purchasing Managers’ Index (PMI) for the euro zone, seen as a good gauge …

Euro zone recession may not be as deep as expected -PMI Read More »

PARIS (Reuters) -Inflation in France unexpectedly edged lower in December from a record high a month earlier, helped by slowing energy price rises, official data showed on Wednesday, offering hope the worst of the inflation crisis may be over. The inflation rate fell to 6.7% in December, according to preliminary EU-harmonised data from the national …

French inflation slows unexpectedly in December Read More »

PARIS (Reuters) – French healthcare company Sanofi said on Wednesday that it expects its fourth-quarter results, due to be published early next month, to reflect a boost from foreign exchange movements and from flu vaccine sales. Sanofi conducts much of its business in the United States and since it reports results in terms of the …

Sanofi expects Q4 earnings boost from foreign exchange, flu vaccine sales Read More »

BERLIN (Reuters) – High inflation and economic uncertainty extended a downturn in the German services sector in December, though a slower pace of decline in activity adds to hopes of a milder-than-expected recession, a survey showed on Wednesday. S&P Global’s final services Purchasing Managers’ Index (PMI) rose to 49.2 from 46.1 in November. That marks …

Decline in German services sector eases, raising hopes for milder recession -PMI Read More »