AMSTERDAM (Reuters) -A Dutch court on Thursday ordered Meta Platforms to provide Facebook and Instagram users with simpler options for a timeline that does not rely on profiling. The court said elements of the design of both platforms were not in line with the European Union’s Digital Services Act. It gave Meta two weeks to …
Dutch court orders Meta to change Facebook and Instagram timeline settings Read More »
By Nqobile Dludla GQEBERHA, South Africa (Reuters) -South Africa and Europe should collaborate on building an alternative “value chain” for electric vehicle components such as batteries, to reduce dependence on China, the CEO of BMW South Africa said, calling for a national-level strategy. South Africa, which accounts for 51% of Africa’s vehicle output, is seeking …
BMW South Africa CEO calls for joint EV battery strategy with Europe Read More »
By Charlie Conchie LONDON -British bank Shawbrook could file for an initial public offering as early as the coming days, two people familiar with the matter said, in what would be one of London’s biggest debuts in years. The lender, owned by private equity firms BC Partners and Pollen Street, is preparing to announce its …
Shawbrook considers London IPO filing in coming days, sources say Read More »
By Anita Komuves BUDAPEST (Reuters) -Hungary on Thursday signed its biggest ever deal to buy liquefied natural gas from French firm Engie, a second agreement in as many months that will diversify its supply away from top energy provider Russia. U.S. President Donald Trump said last month he would urge Hungary to stop buying Russian …
Hungary buys gas from France’s Engie, diversifying supply from Russia Read More »
By James Davey LONDON (Reuters) -Changes to British consumers’ behaviour that emerged at the start of a cost-of-living crisis in 2022, such as more eating at home, have stuck, the boss of Tesco, the country’s biggest food retailer, said on Thursday. “When we had the first cost of living crisis three years ago there was …
Britons’ cost-of-living crisis habits have stuck, says Tesco boss Read More »
PARIS (Reuters) -Favourable weather has improved the quality of champagne grapes this year, producers said on Thursday, providing some good news at a time of fading demand for the French sparkling wine. In July, the industry decided to cut this year’s grape harvest by 10%, capping it at 9,000 kilograms per hectare, after a 12% …
Champagne makers hope pick up in quality will put fizz back in demand Read More »
LONDON (Reuters) -Britain’s biggest water supplier, Thames Water, has become a symbol of failure in the country’s water sector – blamed for sewage pollution, while its precarious finances have left it teetering on the brink of nationalisation since 2023. A group of creditors is leading a last-ditch rescue effort to invest new equity and turn …
UK’s Thames Water battles to avoid nationalisation Read More »
FRANKFURT (Reuters) -The European Union’s financial risk watchdog called on Thursday for urgent safeguards on stablecoins only partly issued in the bloc, echoing a warning from the European Central Bank, which is worried that their failure could induce a run on reserves. Stablecoins are a type of cryptocurrency designed to hold a steady value by …
EU risk watchdog calls for urgent safeguards on stablecoins Read More »
ROME (Reuters) -Italy’s unemployment rate rose slightly to 6.0% in August from a downwardly revised 5.9% in July, national statistics bureau ISTAT reported on Thursday, as a net 57,000 jobs were lost during the month. The number was in line with a Reuters survey of 9 analysts which had forecast an August jobless rate of …
Italy August jobless rate edges up to 6.0%, with 57,000 jobs lost Read More »
FRANKFURT (Reuters) -DeepL, a Germany-based developer of artificial intelligence-based translation, is considering an initial public offering in the United States, Bloomberg News reported on Thursday citing people familiar with the matter. The Cologne-based startup company did not immediately respond to a request for comment. DeepL has held preliminary discussions with potential advisers on a U.S. …
Germany’s DeepL is considering going public in US, Bloomberg reports Read More »
