(Reuters) – Britain’s competition regulator on Thursday launched its second probe into Google’s advertising practices, saying the tech giant’s practices could be distorting competition and that Google may have “illegally” favoured its own services over others. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Aditya Soni)
By Susan Mathew (Reuters) -European markets were modestly higher on Thursday, bolstered by energy shares and the U.S. Federal Reserve sticking to script about monetary tightening, with sentiment fragile on lingering worries about slowing economic growth. The pan-European STOXX 600 index rose 0.2% by 0840 GMT, extending gains to a second day. Gains were largely …
Oil stocks lift European shares as growth worries persist Read More »
LONDON (Reuters) – British consumers spent less on credit and debit cards and made fewer restaurant bookings than the week before, while job adverts showed a big increase, weekly figures collated by the Office for National Statistics showed on Thursday. Spending on credit and debit cards – which is not adjusted for inflation or the …
UK sees dip in weekly card spending and restaurant bookings – ONS Read More »
(Reuters) -FirstGroup Plc on Thursday became the latest British transport group to attract buyout interest from an investment firm, saying it was assessing a fresh takeover approach by private equity firm I Squared. The bus and rail operator said it had rejected previous approaches from I Squared and was now evaluating a proposal of 118 …
FirstGroup becomes latest UK transport takeover target Read More »
GDANSK (Reuters) – Poland’s Allegro on Thursday trimmed its 2022 expectations, with higher inflation seen hitting discretionary consumer spending, but said it was better positioned than others to face the headwinds. The company, which runs Poland’s most popular shopping platform, now expects year-on-year revenue growth from its core market at 25%-30%, compared with its earlier …
(Reuters) – The British government said it will use new powers to examine the national security implications of Patrick Drahi, BT Group’s biggest shareholder, increasing his stake to 18%. Business minister Kwasi Kwarteng said on Thursday he was exercising his “call-in power” under the National Security and Investment Act 2021 after Drahi’s Altice UK raised …
British government to review of Drahi’s BT stake Read More »
ROME, May 26 (Reuters) – Morale amongst Italian businesses and consumers rose in May, data showed on Thursday, with service industries regaining confidence despite the ongoing war in Ukraine while manufacturers remained downbeat. National statistics institute ISTAT’s manufacturing confidence index fell to 109.3 in May from 109.9 in April, but still came in slightly above a median …
Italy business and consumer morale rise in May but manufacturing still downbeat Read More »
WASHINGTON (Reuters) -World Bank President David Malpass on Wednesday suggested that Russia’s war in Ukraine and its impact on food and energy prices, as well as the availability of fertilizer, could trigger a global recession. Malpass told an event hosted by the U.S. Chamber of Commerce that Germany’s economy, the world’s fourth largest, has already …
World Bank’s Malpass says war in Ukraine may trigger global recession Read More »
By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – Years of under-investment in mining of metals essential to energy transition, supply shocks and high energy prices will continue to drive commodity prices higher, Eurasian Resources Group (ERG) Chief Executive Benedikt Sobotka said on Wednesday. Combined with COVID-related logistical issues and demand for transparency on …
Commodities in ‘perfect storm’ says ERG, as crisis starts super cycle Read More »
MODENA, Italy (Reuters) – Maserati’s turnaround plan aims to liberate the Stellantis luxury brand from being a “slave to volumes” which has weighed on quality, its CEO Davide Grasso said on Wednesday, unveiling a convertible version of its MC20 sportscar. Maserati, which returned to operating profit last year, delivered 24,200 cars in 2021 – 7,300 …
Maserati launches MC20 Cielo amid focus on quality not quantity Read More »
