PARIS (Reuters) – The French economy is on course to finish the year with slightly positive growth in the fourth quarter, the central bank said on Thursday in its monthly outlook. The euro zone’s second biggest economy is set to grow 0.1% in the final quarter of 2022 from the previous three months, after posting …
French central bank sees fourth quarter growth of 0.1% Read More »
ZURICH (Reuters) – Credit Suisse on Thursday announced the final result of its 4 billion Swiss franc ($4.25 billion) capital raise, saying 98.2% of shareholder rights to buy stock at a discount had been taken up in the second part of the fundraising. Switzerland’s second biggest bank said subscription rights for 872.9 million new shares …
Credit Suisse raises 2.24 billion Swiss francs in second part of capital hike Read More »
By Johann M Cherian and Shristi Achar A (Reuters) -Britain’s FTSE 100 fell for a third straight session on Thursday after some downbeat company updates and as investors await key central bank meetings next week. Frasers Group slumped 9% to the bottom of FTSE 100 after the sportswear and clothing firm warned of a challenging …
FTSE 100 falls for third day as Frasers, LSEG weigh Read More »
ZURICH (Reuters) – Cabin crew at airline SWISS will get pay rises of 4% to 18% under a new five-year contract agreed at the unit of Deutsche Lufthansa, the two sides said on Thursday. Rank-and-file members of the kapers union still need to sign off on the terms agreed in negotiations on a collective labour …
SWISS airline cabin crew to get pay rises of up to 18% Read More »
By Foo Yun Chee LUXEMBOURG (Reuters) -Alphabet unit Google must remove data from online search results if users can prove it is inaccurate, Europe’s top court said on Thursday. Free speech advocates and supporters of privacy rights have clashed in recent years over people’s ‘right to be forgotten’ online, meaning that they should be able …
Google must remove ‘manifestly inaccurate’ data, EU top court says Read More »
(Reuters) – European shares fell on Thursday, with utilities and telecom firms leading declines amid growing fears of an impending recession. The region-wide STOXX 600 was down 0.1% at 0815 a.m. GMT. The index dropped for a fourth straight session on Wednesday on rising concerns over a slowdown in economic growth ahead of a slew …
European shares fall as telecom, utilities drag amid recession worries Read More »
PARIS (Reuters) – France’s CNIL privacy watchdog on Thursday said it had fined 300,000 euros ($315,570.00) against Iliad’s telecoms business ‘Free’ for failings over protecting their customers’ personal data. “Checks have revealed several breaches, in particular with regard to privacy rights of concerned persons (…) and data security”, said the watchdog in a statement. ($1 …
France’s CNIL watchdog fines Iliad’s Free unit 300,000 euros for privacy failings Read More »
LONDON (Reuters) – British sportswear and clothing retailer Frasers kept financial guidance for its full 2022-23 year after reporting a 38.8% rise in first-half profit, defying a downturn across the wider retail sector. FTSE-100 listed Frasers, formerly called Sports Direct, said on Thursday it still expected full-year adjusted profit before tax of 450-500 million pounds …
Britain’s Frasers defies retail downturn with profit rise Read More »
(Reuters) – Holiday package provider On The Beach said on Thursday its founder, Simon Cooper, will step down as chief executive officer within a year and finance chief Shaun Morton will take over the top job. Travel firms such as OTB have been pressured by the deepening cost-of-living crisis in the UK as people increasingly …
UK’s On The Beach says founder Cooper to step down as CEO Read More »
(Reuters) -Twitter owner and Tesla boss Elon Musk briefly lost his title as the world’s richest person on Wednesday, according to Forbes, following a steep drop in the value of his stake in the electric-car maker and a $44 billion bet on the social media firm. Bernard Arnault, the chief executive of luxury brand Louis …
Elon Musk briefly loses title as world’s richest person to LVMH’s Arnault – Forbes Read More »
