Dec 6 (Reuters) – Germany’s Deutsche Bank has opted to take about 250,000 square feet of London’s Canary Wharf office space in a building that carries the logo of British fintech Revolut, the Financial Times reported on Saturday. The German bank will take about twice as much space in the YY building on South Colonnade …
Deutsche Bank to move into Revolut’s Canary Wharf headquarters, FT reports Read More »
FRANKFURT, Dec 6 (Reuters) – Volkswagen Group plans to invest 160 billion euros ($186 billion) through 2030, its CEO Oliver Blume said, reflecting belt-tightening as Europe’s top automaker faces a major crisis in its two key markets, China and the United States. Total spending, updated annually as part of Volkswagen’s rolling five-year investment plan, compares …
Volkswagen to invest $186 billion through 2030, CEO says Read More »
ROME, Dec 6 (Reuters) – Italy’s market regulator has found no evidence of a secret agreement involving Monte dei Paschi di Siena and some of its shareholders to gain control of Mediobanca and insurer Generali, Il Sole-24 Ore reported on Saturday. MPS, Italy’s oldest bank, completed a hostile takeover of Mediobanca in September, securing a …
Italy’s market watchdog rules out secret pact in Mediobanca-Generali case, paper reports Read More »
By Gergely Szakacs and Krisha Bhatt Dec 5 (Reuters) – Fitch Ratings cut Hungary’s credit rating outlook to ‘negative’ on Friday, citing a worse trajectory for public finances amid fiscal loosening in the run-up to a 2026 national election and the risk of more measures to come. The move was widely anticipated amid a lack …
Fitch cuts Hungary’s outlook on worsening finances ahead of election Read More »
By Jason Hovet PRAGUE, Dec 3 (Reuters) – Central Europe’s main currencies may be close to a ceiling after hitting fresh multi-month highs in the past month, a Reuters poll of economic analysts showed on Wednesday. In the poll, the Hungarian forint – the region’s top performer in 2025 with an 8% gain since January …
Central Europe’s currencies to back off highs in 2026: Reuters Poll Read More »
By Leo Marchandon and Danilo Masoni MILAN, Dec 4 (Reuters) – Shares of Philips fell over 6% on Thursday, making it the worst performer on Amsterdam’s AEX index, after an analyst note raised concerns about its growth trajectory. The sharp decline, Philips’ largest one-day drop since February, followed remarks made by CEO Roy Jakobs at …
Philips shares slump over 6% after Citi flags weaker growth Read More »
Dec 5 (Reuters) – Meta has struck several commercial AI data agreements with news publishers including USA Today, People Inc, CNN, Fox News, The Daily Caller, Washington Examiner and Le Monde, the company said on Friday. The tie-ups will allow the Facebook-parent to provide “real-time” news and updates through its artificial intelligence chatbot by linking …
Meta strikes multiple AI deals with news publishers Read More »
By Marie Mannes STOCKHOLM, Dec 5 (Reuters) – Tesla launched the new, lower-priced version of its Model 3 car in Europe on Friday, two months after its U.S. debut, aiming to boost sales as competition intensifies and demand slows. Tesla is grappling with softening demand across Europe, where new registrations have fallen sharply this year …
Tesla launches low-cost Model 3 variant in Europe Read More »
By Valentina Za and Giuseppe Fonte MILAN, Dec 5 (Reuters) – Italy’s Council of State, the country’s top administrative court, has declared void a 2023 government decision that set terms for a loan issued by Cedacri, a banking software firm owned by fintech group ION, a document showed on Friday. The court decision deals a …
Exclusive-Italy court deals fresh blow to Rome’s ‘golden power’ rules in ION case Read More »
By Julia Payne, Jonathan Saul and Maria Cheng BRUSSELS/LONDON/OTTAWA, Dec 5 (Reuters) – The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid to reduce the oil revenue that helps finance Russia’s war in Ukraine, …
