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BERLIN (Reuters) – German retail sales fell more-than-expected in October, data showed on Thursday, as inflation had consumers holding back on non-essential purchases at the start of the fourth quarter. Retail sales were down 2.8% on the month in October, a further drop than the 0.6% dip in price-adjusted terms expected by analysts polled by …

German retail sales fall in October as inflation takes hold Read More »

(Reuters) – Silicon Valley leaders welcomed Elon Musk’s management of Twitter, with Netflix co-founder Reed Hastings going so far as to call the billionaire “the bravest, most creative person on the planet.” Meta Platforms CEO Mark Zuckerberg on Wednesday said he was keen to see how Elon Musk’s management of content moderation on Twitter would …

Silicon Valley leaders welcome Elon Musk’s management of Twitter Read More »

By Leigh Thomas PARIS (Reuters) – French President Emmanuel Macron will use a state visit to Washington this week to press European Union concerns about the United States’ huge new green energy subsidy package. While EU countries welcome the new commitment to energy transition, they fear the $430 billion Inflation Reduction Act will put their …

Explainer-Why the U.S. Inflation Reduction Act has Europe up in arms Read More »

PARIS (Reuters) – Twitter faces “huge work ahead” in order to comply with European regulations, EU Commissioner Thierry Breton told the company’s Chief Executive Elon Musk, according to a readout of the conversation provided by Breton. “There is still huge work ahead, as Twitter will have to implement transparent user policies, significantly reinforce content moderation …

Twitter has ‘huge work ahead’, EU’s Breton tells Musk Read More »

MILAN (Reuters) -Telecom Italia’s (TIM) directors have picked Giulio Gallazzi to fill a vacant seat on the former phone monopoly’s board, the company said on Wednesday, confirming what sources had told Reuters. TIM said Gallazzi, 58, will join the board as an independent director to replace Renault boss Luca de Meo, who stepped down in …

Telecom Italia board picks director to fill vacant seat Read More »

By Andreas Rinke and Matthias Williams BERLIN (Reuters) -The leaders of Germany and Norway said on Wednesday they would jointly ask NATO to coordinate the protection of Europe’s subsea infrastructure in light of the suspected attacks on the Nord Stream gas pipeline network. European countries have stepped up vigilance around critical installations after the Nord …

Germany and Norway want NATO to protect subsea infrastructure after Nord Stream attacks Read More »

LONDON (Reuters) – There has been a 33% increase in the number of people in England and Wales struggling to pay their water bills since May, according to a report by the industry regulator on Wednesday, as the rising cost of living continues to impact household budgets. Ofwat, which regulates water utilities in England and …

Number of English and Welsh struggling to pay water bill up 33% – regulator Read More »

By Giuseppe Fonte and Elvira Pollina ROME/MILAN (Reuters) -Shares in Telecom Italia (TIM) fell 5% on Wednesday after a government aide said the state had no plans to launch a full takeover bid for the former phone monopoly. Italy’s government said this week it would seek to find by the end of this year “the …

TIM shares tumble as govt aide dismisses full takeover ‘fantasy’ Read More »

(Reuters) – The European Union has threatened Elon Musk’s Twitter with a ban unless the billionaire abides by its strict rules on content moderation, setting up a regulatory battle over the future of the social media platform, the Financial Times reported on Wednesday. EU industry chief Thierry Breton made the threat during a video meeting …

EU warns Musk that Twitter faces ban over content moderation -FT Read More »