BRUSSELS, Dec 5 (Reuters) – Six European Union countries have on Friday asked the European Commission to water down an effective ban on the sale of internal combustion engine cars slated for 2035 ahead of the release of a new auto package next week. The countries have asked the EU Commission to allow the sale …
Six member states push EU to water down 2035 ban on internal combustion engine cars Read More »
By Libby George LONDON, Dec 5 (Reuters) – Ukraine’s latest bid to swap its GDP warrants for new bonds is “significantly more appealing” than previous proposals and is likely to lure many of the holders, Citi said in a note on Friday. Kyiv launched its offer on Monday to swap $2.6 billion in GDP-linked warrants …
Ukraine GDP warrant proposal likely enticing to many holders, Citi says Read More »
By Foo Yun Chee BRUSSELS, Dec 5 (Reuters) – Elon Musk’s social media company X was fined 120 million euros ($140 million) by EU tech regulators on Friday for breaching online content rules, the first sanction under landmark legislation that once again drew criticism from the U.S. government. While X did not respond to an …
X gets $140 million EU fine for breaching content rules but TikTok settles Read More »
LONDON, Dec 5 (Reuters) – A key group of Ukraine’s creditors said on Friday more time was needed to decide whether to back Kyiv’s plan to replace $2.6 billion of its GDP-linked debt for new bonds and up to $180 million in cash. In a statement, the Ad Hoc Group of warrantholders said “there still …
By Harshita Mary Varghese, Aditya Soni and Dawn Chmielewski Dec 5 (Reuters) – Netflix on Friday agreed to buy Warner Bros Discovery’s TV, film studios and streaming division for $72 billion, a deal that would hand control of one of Hollywood’s most prized and oldest assets to the streaming pioneer. The deal represents a dramatic …
Netflix to buy Warner Bros Discovery’s studios, streaming unit for $72 billion Read More »
Dec 5 (Reuters) – The Magnum Ice Cream Company’s reference price was set at 12.80 euros ($14.89) per share for its stock market debut on Monday, Euronext said in a notice on Friday. Magnum’s long-awaited spinoff from consumer goods conglomerate Unilever was delayed by a month by the U.S. government shutdown and will see the …
Magnum Ice Cream’s reference price for market debut set at 12.80 euros, Euronext says Read More »
Dec 5 (Reuters) – Global review platform Trustpilot said on Friday it rejected allegations made by short-seller Grizzly Research in a report, and that it is considering all appropriate options in response to what it called “demonstrably false” statements. The UK-based company’s shares plunged more than 30% on Thursday after Grizzly Research disclosed a short …
UK’s Trustpilot rejects allegations in short-seller report Read More »
Dec 5 (Reuters) – UK’s FTSE 100 edged lower on Friday, logging a sharp weekly decline, dragged down by energy and financial shares, even as investor expectations for a U.S. Federal Reserve rate cut next week grew after key U.S. inflation data. The blue-chip FTSE 100 closed 0.5% lower, while the midcap FTSE 250 was …
UK stocks post weekly declines as energy and financials lag Read More »
By Helen Clark PERTH Dec 5 (Reuters) – The Australian unit of U.S. oil giant Chevron said on Friday that the partners of the Gorgon Joint Venture have approved the A$3 billion ($1.98 billion) Gorgon Stage 3 development off Western Australia’s northwest coast. The development will be used as backfill for the existing LNG export …
Chevron’s Gorgon LNG project secures $2 billion investment nod Read More »
PARIS, Dec 5 (Reuters) – The European Central Bank needs to keep its policy options open at upcoming rate-setting meetings as downside inflation risks are as significant as upside ones, ECB policymaker Francois Villeroy de Galhau said on Friday. Although inflation in the 20 nations sharing the euro accelerated slightly to 2.2% last month, it …
ECB’s Villeroy: inflation risks warrant keeping policy options open Read More »
