PARIS (Reuters) – France will spend 8.4 billion euros ($8.67 billion) to help companies pay their energy bills, in a bid to cushion the impact of rising electricity and gas prices and help them compete with German businesses, its finance minister said on Saturday. France will cut a special tax on electricity to the minimum …
France spends 8.4 billion euros to help companies with energy bills Read More »
BERLIN (Reuters) – Former Bundesbank chief Jens Weidmann is to be a candidate to become chairman of Commerzbank’s supervisory board after Helmut Gottschalk decided not to stand for a new term in the role, the German bank said on Saturday. It said shareholder representatives of the Presiding and Nomination Committee had responded positively to Gottschalk’s …
Ex-Bundesbank boss Weidmann to be nominated as Commerzbank supervisory board head Read More »
(Reuters) – Collapsed crypto exchange FTX said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some businesses. FTX, along with about 101 affiliated firms, also sought court relief to allow the operation of a new global cash management system and payment to …
FTX begins strategic review, seeks court relief to pay critical vendors Read More »
PRAGUE (Reuters) – European lottery group Allwyn Entertainment, set to run UK’s National Lottery, agreed to buy former operator Camelot’s UK operations, the company said on Saturday. Allwyn did not disclose the value of the acquisition, previously estimated at up to 100 million pounds ($118.84 million). It said the transaction was expected to close in …
UK’s next National Lottery operator Allwyn acquires Camelot UK Read More »
By Sabine Siebold and Michel Rose BERLIN/PARIS (Reuters) -France, Germany and Spain have reached agreement on starting the next phase of development of a new fighter jet dubbed FCAS, Europe’s largest defence project at an estimated cost of more than 100 billion euros($103.4 billion), the German government said on Friday. The Defence Ministry said in …
France, Germany, Spain agree on moving on with FCAS warplane development – Berlin Read More »
By Hyunjoo Jin and Sheila Dang (Reuters) -Elon Musk started a Twitter poll late on Friday asking followers to vote on whether to reinstate former U.S. President Donald Trump’s account on the platform, with early results showing roughly 60% voting yes. “Vox Populi, Vox Dei,” Musk tweeted, a Latin phrase that roughly means meaning “the …
Elon Musk starts Twitter poll on whether to bring back Trump Read More »
(Reuters) – BP has all but stopped fuels production after a serious incident at its Rotterdam refinery, Bloomberg News reported on Friday, adding that workers have also postponed the work-to-rule action started this week. The refinery suffered an uncontrolled steam outage, which workers are now trying to resolve, Bloomberg said, citing the Dutch union CNV. …
BP cuts fuels production at Rotterdam refinery after steam outage -Bloomberg Read More »
(Reuters) – Berkshire Hathaway Inc, run by billionaire Warren Buffett, on Friday warned investors it has no affiliation with a purported cryptocurrency brokerage website using the Berkshire Hathaway name. The website describes its operator as a Texas-based broker founded in 2020 to give investors “an opportunity to achieve a completely passive income from investment in …
Warren Buffett’s Berkshire warns about crypto website using its name Read More »
By Sheila Dang, Paresh Dave and Hyunjoo Jin (Reuters) -Hundreds of Twitter Inc employees are estimated to have decided to quit the beleaguered social media company following a Thursday deadline from new owner Elon Musk that staffers sign up for “long hours at high intensity,” or leave. The departures highlight the reluctance of some of …
After Elon Musk’s ultimatum, Twitter employees start exiting Read More »
By David Shepardson WASHINGTON (Reuters) -German automaker Mercedes Benz and auto supplier Robert Bosch LLC have agreed to pay a total of about $6 million to resolve a lawsuit over diesel advertising claims, the U.S. state of Arizona said on Friday. Under the proposed settlement, Mercedes Benz will pay $2.8 million in consumer restitution, and …
Mercedes Benz to pay $5.5 million to settle Arizona diesel ad case Read More »
