ROME (Reuters) – An Italian court has suspended a decision on a request by e-commerce giant Amazon to annul a record 1.13 billion euro ($1.12 billion) fine imposed by Italy’s antitrust watchdog for alleged abuse of market dominance, a court ruling showed on Friday. Italian administrative court TAR del Lazio said it had suspended judgment …
Italian court suspends decision on Amazon’s record fine appeal Read More »
By Johann M Cherian and Sruthi Shankar (Reuters) -UK’s FTSE 100 fell on Friday as widening COVID-19 curbs in China dragged down commodity-linked stocks, while British bank Natwest slumped after reporting a flat third-quarter profit. The exporter-heavy FTSE 100 closed 0.4% lower, with precious metal miners falling 3.3% as gold and silver prices tumbled against …
By Nora Buli (Reuters) – British Gas owner Centrica has reopened its Rough gas storage site off England’s east coast at about 20% of its previous capacity, enough to heat 1 million homes for 100 days this winter, the company said on Friday. Countries across Europe have been building gas stocks ahead of winter as …
Centrica reopens UK’s Rough gas storage site in time for winter Read More »
By Sheila Dang and Greg Roumeliotis (Reuters) -Elon Musk has taken ownership of Twitter Inc with brutal efficiency, firing top executives but providing little clarity over how he will achieve the ambitions he has outlined for the influential social media platform. “The bird is freed,” he tweeted after he completed his $44 billion acquisition on …
Musk begins his Twitter ownership with firings, declares the ‘bird is freed’ Read More »
(Corrects fund size to $1.15 trillion in 1st paragraph) OSLO (Reuters) -Norway’s $1.15 trillion fund, the world’s largest, posted a loss of 449 billion Norwegian crowns ($43.47 billion) in the third quarter of 2022, it said on Friday, hit by rising interest rates, high inflation and war in Europe affecting markets. The fund’s return on …
Norway’s wealth fund posts $43.5 billion Q3 loss Read More »
By Niklas Pollard STOCKHOLM (Reuters) – Sweden’s Saab, maker of the Gripen fighter, sees years of potential growth ahead in the defence sector as countries re-arm in the face of increased military threats, it said on Friday as it posted a 13.6% rise in quarterly earnings. Russia’s invasion of Ukraine has raised tensions between Moscow …
Defence group Saab sees years of growth ahead as military tensions rise Read More »
By Sruthi Shankar (Reuters) -European shares fell on Friday, knocked by weaker commodity prices and mixed earnings reports, as investors assessed the path for monetary policy tightening amid slowing economic growth. The pan-European STOXX 600 index fell 0.7%, with miners leading the losses as commodity prices dropped on worries about China’s expanding COVID-19 restrictions. [O/R] …
European shares fall on commodity weakness, mixed earnings Read More »
By Richard Lough PARIS (Reuters) – France’s economy eked out meagre growth in the third quarter as household spending stagnated and a sharp jump in inflation in October signalled headwinds looming in the final quarter of the year. France’s economy grew 0.2% in the July-September period, in line with market expectations, preliminary data from the …
French economy ekes out meagre growth in Q3, inflation hits record high Read More »
BRUSSELS (Reuters) – Euro zone sentiment fell to a two-year low in October, data showed on Friday, as confidence in industry and services declined, but there was slight comfort from some views of future improvements and from a decline in inflation expectations. The European Commission’s monthly economic sentiment index fell to 92.5 points in October …
Euro zone sentiment drops to two-year low in October Read More »
By John Revill ZURICH (Reuters) – Holcim gave a bullish outlook for the rest of 2022 and into 2023 after the world’s biggest cement maker reported stronger than expected third-quarter results and announced a 2 billion Swiss franc ($2.02 billion) share buyback. The Swiss company brushed off concerns about a global economic slowdown hitting the …
Holcim confident on 2023 after raising guidance, launching buyback Read More »
