Reuters UK Business

By Sheila Dang, Katie Paul and Dawn Chmielewski (Reuters) – Since 2013, Twitter has downplayed the spread of fake accounts on its platform, holding that “false or spam” accounts make up less than 5% of its user base even as independent researchers said the number could be three times higher. That discrepancy could now affect …

Do spam bots really comprise under 5% of Twitter users? Elon Musk wants to know Read More »

BERLIN (Reuters) – The European Commission wants to waive EU competition rules to allow governments to cap prices for consumers in the event of a complete outage of Russian gas supplies, German newspaper Welt am Sonntag reported on Saturday, citing a commission document on “short-term energy market interventions”. According to the document, European Union member …

EU eyes gas price cap in case of Russian supply cut – Welt am Sonntag Read More »

By Carolina Mandl SAO PAULO (Reuters) – Credit Suisse Group AG said on Friday in a statement its chairman Axel Lehmann “clearly endorsed” the bank’s Chief Executive Officer Thomas Gottstein and that nothing had changed in this regard, following a Bloomberg story that it was considering a replacement. (Reporting by Carolina Mandl, Editing by Rosalba …

Credit Suisse says its chairman ‘clearly endorsed’ CEO Gottstein Read More »

BRUSSELS (Reuters) – The European Commission stands by its previous guidance on how EU companies can pay for Russian gas without breaking sanctions on Russia and is in contact with EU governments to provide more explanations if needed, a Commission spokesman said on Friday. The Commission said at the start of May that it would …

EU Commission stands by its guidance on payments for Russian gas Read More »

(Reuters) -Spain’s Santander SA has begun the process to find a replacement for Chief Executive Officer Jose Antonio Alvarez, according to a source familiar with the matter, gearing up for a change at the bank’s helm after seven years. The bank’s board, however, has not provided a time-frame for the search, the source added. A …

Santander’s board begins search for CEO Alvarez’s replacement Read More »

LONDON (Reuters) – Analysts at Barclays have warned of a 5 percentage point hit to euro zone GDP and dive below dollar parity for the euro if Russia closes its gas taps as part the escalating war in Ukraine. “If Russia closes its gas taps (to Europe), we expect EURUSD to fall below parity,” Barclays …

Barclays warns of sub-parity euro, 5 ppt GDP hit if Russia turns off gas taps Read More »

By Lucy Raitano LONDON (Reuters) – Britain’s pound edged up against the dollar on Friday, offering some respite from a week of selling that pushed the currency to two-year lows. By 0835 GMT, the pound was up 0.21% at $1.2216, a day after falling to a fresh two-year low of $1.2165 as a slew of …

Battered sterling gets respite but set for weekly fall vs dollar Read More »

MADRID (Reuters) – A normalization of the European Central Bank monetary policy is “necessary and desirable”, ECB Governing Council member Mario Centeno said on Friday. Centeno said however that any adjustment should not be an “over-reaction”. (Reporting by Aislinn Laing)