Reuters UK Business

LONDON (Reuters) -Russia’s central bank on Friday pledged to keep expanding the number of countries that accept its Mir bank cards after new U.S. sanctions targeting people and entities accused of helping Moscow skirt financial sanctions. The United States on Thursday sanctioned the chief executive of the Bank of Russia’s National Card Payment System (NSPK), …

Russia vows to continue Mir bankcard expansion after new U.S. sanctions Read More »

(Reuters) -Uber Technologies Inc said it was investigating a cybersecurity incident after a report of a network breach that forced the company to shut several internal communications and engineering systems. On Friday, Uber said it had no evidence that the incident involved access to sensitive user data such as trip histories and that internal software …

Uber investigating ‘cybersecurity incident’ after report of breach Read More »

By Geert De Clercq and Mathieu Rosemain PARIS (Reuters) -France’s two biggest private broadcasters, M6 Group and TF1, gave up their merger plan to fend off the rise of U.S. streaming platforms, saying antitrust requests made the deal irrelevant. If successful, the deal would have transformed the French TV landscape and redefined competition rules related …

French broadcasters give up anti-Netflix merger deal Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Amazon may have to tweak its proposals to end two investigations into its business practices, EU antitrust chief Margrethe Vestager said on Friday following feedback from third parties on the issue. In July the U.S. online retailer said it would set up a data silo, preventing its retail …

Amazon may have to tweak proposals for ending business practices probes, EU’s Vestager says Read More »

THE HAGUE (Reuters) – A small Dutch town took Twitter to court on Friday to demand the social media giant takes down all messages relating to a supposed ring of satan-worshipping paedophiles that were alleged to have been active in the town in the 1980s. Bodegraven-Reeuwijk, a town of around 35,000 inhabitants in the middle …

Dutch town takes Twitter to court to remove conspiracy theories Read More »

By Vera Eckert and Nora Buli FRANKFURT (Reuters) – Soaring power and gas prices have rocked energy companies across Europe, forcing utilities and traders to secure extra funds from governments and banks to cover margin call requirements. Below is an outline of how they got to this point: EMERGING RISK? Europe has thousands of energy …

Explainer-How margin calls came to threaten Europe’s energy firms Read More »

BERLIN (Reuters) – Russia’s economy is not likely to return to pre-war levels before the end of this decade as the Ukraine war and stricter sanctions worsen long-standing economic deficiencies, Scope Ratings said in a report seen by Reuters on Friday. By the end of 2023, gross domestic product (GDP) will be about 8% below …

Russian economy will not return to pre-war levels until 2030 – Scope Read More »

BRUSSELS (Reuters) – Euro zone inflation hit another record high of 9.1% in August, EU statistics office Eurostat confirmed on Friday, driven by sharply higher energy and food prices, and was likely headed towards double figures. Consumer price inflation in the 19 countries using the euro rose 0.6% month-on-month and by 9.1% year-on-year, the highest …

Euro zone inflation confirmed at 9.1% as energy, food prices surge Read More »

LONDON (Reuters) – The number of company insolvencies in England and Wales rose last month to stand 43% higher than a year earlier and 42% higher than in August 2019, before the COVID-19 pandemic, government figures showed on Friday. The increase in company insolvencies was driven by a rise in creditors’ voluntary liquidations, rather than …

England and Wales company insolvencies rise in August Read More »