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Accor to sell 10.8% stake in Ennismore to Qatari consortium for 185 million euros

PARIS (Reuters) -French hotels group Accor is to sell a 10.8% stake in Ennismore to a Qatari consortium for 185 million euros ($195 million), the French hotels group said Tuesday. Accor said the deal valued Ennismore, known for Hoxton hotels in London and New York and Mama Shelter rooftop bars in Paris, at more than …

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Britain’s FTSE rises on resource-linked boost; Ocado drops

By Anisha Sircar and Boleslaw Lasocki (Reuters) – London’s FTSE 100 index climbed on Tuesday as mining and energy stocks tracked gains in commodities, while Ocado fell after the online supermarket announced plans to raise more than 550 million pounds through a share placement. The blue-chip index firmed 0.4%, led by gains in energy stocks …

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Linde quits Russia’s Amur gas and chemicals project, Sibur says

MOSCOW (Reuters) – Linde, the world’s largest industrial gases company, has ended its participation in Russia’s Amur gas and chemicals complex (Amur GCC), Russian company Sibur said on Tuesday. Sibur is working on the project in Russia’s far east jointly with China’s Sinopec. It said it is now working with Sinopec on how to “adapt” …

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EU leaders to keep sanction pressure on Russia, gold flagged as new target

By Francesco Guarascio BRUSSELS (Reuters) – European Union leaders are set to keep pressure high on Russia at a summit this week when they will underline that work continues on sanctions, according to a draft document, with gold being considered for a possible next round. The EU has adopted six packages of sanctions against Russia …

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Spain’s easyJet cabin staff to go on strike 9 days in July, union says

MADRID (Reuters) – Spain-based easyJet’s cabin staff will go on strike nine days in July, local USO union said on Tuesday. The workers will walk out July 1, 2, 3, 15, 16, 17, 29, 30 and 31 to protest against low wages, Miguel Galan, the general secretary of USO’s easyJet section, told reporters on Tuesday. …

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French anti-trust body accepts Google pledges over remunerating news publishers

PARIS (Reuters) – The French antitrust authority said on Tuesday it had accepted a series of commitments made by Alphabet’s Google over a copyright law aimed at remunerating news publishers for the use of content online. The authority also said a 500-million euro fine it had imposed on Google last year was now definitive, as …

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Chemical, commodity shares drive gains in European stocks

By Sruthi Shankar (Reuters) -European equities extended gains on Tuesday, helped by chemical and commodity-linked sectors, as last week’s brutal selloff on recession fears attracted investors looking for bargains. The pan-European STOXX 600 index rose 1%, stretching gains to a third session after hitting a more than one-year low last week. Miners rebounded 2.1% after …

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Use of airline passenger data must be limited, top EU court says

By Foo Yun Chee BRUSSELS (Reuters) -EU states may only gather the airline passenger data strictly necessary to combat serious crime and terrorism, Europe’s top court said on Tuesday, and banned the use of machine learning to harvest the data. The Passenger Name Record Directive (PNR), adopted in 2016, allows police and justice officials to …

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