(Reuters) -Meta Platforms said on Friday it would offer an ad-free subscription option to Facebook and Instagram users in the United Kingdom in the coming weeks. The move will give users a choice between paying a monthly fee or continuing to use the services for free with targeted advertising, a model that has faced increasing …
Meta to launch ad-free Facebook and Instagram subscriptions in UK Read More »
VIENNA (Reuters) -Signa Holding, the insolvent entity at the top of Austrian ex-billionaire Rene Benko’s fallen property empire Signa, faces 8.35 billion euros ($9.8 billion) in claims by creditors, of which it disputes 5.6 billion, its administrator said on Friday. Signa became the biggest casualty of Europe’s property downturn when parts of the group’s elaborate …
Benko’s insolvent Signa Holding faces creditor claims of 8.4 billion euros Read More »
(Reuters) -Europe’s top carmaker Volkswagen is curbing volumes and introducing temporary shutdowns at two of its electric-vehicle plants in Germany, Bloomberg News reported on Thursday. The German automaker’s Zwickau factory will stop production for a week from October 6 due to weak demand for the Audi Q4 e-tron, the report said, citing a company spokesperson. …
Volkswagen cuts output, pauses production at German EV plants, Bloomberg News says Read More »
BERLIN (Reuters) -German Economy Minister Katherina Reiche said on Friday that a round of tenders for new carbon contracts for difference (CFDs) worth 6 billion euros ($7.01 billion) are to begin next week. Carbon CFDs, also known as climate protection agreements, grant subsidies to companies for initially expensive alternative fuels, which they apply for through …
German minister says tenders for new carbon CFDs worth 6 billion eur begin next week Read More »
By Phoebe Seers LONDON (Reuters) -Britain’s biggest lenders are pushing ahead with plans to launch tokenised versions of customer deposits next year, a move that follows Bank of England Governor Andrew Bailey’s plea to prioritise the technology over stablecoins. Tokenisation typically refers to creating digital representations of assets such as deposits, stocks and bonds that …
UK banks press on with tokenised deposits after BoE stablecoin warning Read More »
FRANKFURT (Reuters) -The European Commission plans to impose tariffs of 25% to 50% on Chinese steel and related products in the next few weeks, German business daily Handelsblatt reported, citing senior officials in Brussels. The European Commission had no immediate comment on the Handelsblatt report, which was published late on Thursday. China’s ministry of commerce …
EU plans 25% to 50% tariffs on Chinese steel, related products, Handelsblatt reports Read More »
By Amanda Cooper and Jaspreet Kalra LONDON (Reuters) -The pound headed for its biggest weekly decline in a month on Friday, under pressure from mounting concerns about the outlook for Britain’s long-term finances and from a resurgent dollar, which got a lift from surprisingly strong U.S. growth data the previous day. A shock increase in …
Pound sees biggest weekly fall since July; UK fiscal and macro worries collide Read More »
OSLO (Reuters) -Norway’s $2 trillion sovereign wealth fund, the world’s largest, said on Friday it has committed $1.5 billion to invest in a Brookfield Asset Management (BAM) energy transition fund. The agreement enables the Norwegian fund to invest in projects that develop renewable energy infrastructure while also supporting the broader transition to low-carbon solutions, it …
Norway wealth fund to invest $1.5 billion in Brookfield energy transition fund Read More »
ROME (Reuters) -Italian businesses sentiment was broadly stable for a fourth month running in September but consumer morale improved, data showed on Friday, in mixed signs for the prospects of the euro zone’s third largest economy. National statistics institute ISTAT’s composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, edged …
Italy business sentiment stable in September, consumer morale rises Read More »
MADRID (Reuters) -Spain’s turbo-charged economy outpaced its euro zone peers in the second quarter even more than originally estimated. The country’s gross domestic product expanded 0.8% in the April-June period against the previous three months, the National Statistics Institute (INE) said on Friday, a faster pace than the preliminary 0.7% estimate released in July. On …
Spain’s economy grew faster in second quarter than initially estimated Read More »
