BUDAPEST, Dec 4 (Reuters) – Hungary’s Viktor Orban announced an 11% hike in the minimum wage for 2026 on Thursday after employers and employees reached a deal, despite an economic stagnation that has forced his government to slash growth forecasts for this year and next. Facing a strong opposition in elections likely to take place …
Hungary’s minimum wage to rise 11% in 2026 despite weak economy Read More »
By Mark Trevelyan and Gleb Stolyarov Dec 4 (Reuters) – Russia has blocked Apple’s video-calling app FaceTime, the state communications watchdog said on Thursday, as part of an accelerating clampdown on foreign tech platforms that authorities allege are being used for criminal activity. The move follows restrictions against Google’s YouTube, Meta’s WhatsApp and the Telegram …
Russia blocks Apple’s FaceTime in mounting push against foreign tech platforms Read More »
BRUSSELS, Dec 4 (Reuters) – EU antitrust regulators opened on Thursday an investigation into Meta Platforms’ new policy regarding AI providers’ access to its messaging service WhatsApp, saying this may prevent rivals from offering their services in Europe. The European Commission said the policy, which will apply from January next year, may block competing AI …
Meta’s WhatsApp AI policy in EU antitrust crosshairs Read More »
By Naomi Rovnick LONDON, Dec 4 (Reuters) – BlackRock, the world’s largest asset manager, expects AI to continue dominating markets in 2026 and anticipates a turbulent ride for investors as speculative trading and leverage raise the risks of a repeat of last month’s sharp selloff. Helen Jewell, BlackRock’s CIO of fundamental equities EMEA, said on Thursday …
BlackRock expects AI to continue dominating markets in 2026 despite risks Read More »
By Samuel Indyk LONDON, Dec 4 (Reuters) – The pound steadied against the dollar on Thursday after rising over 1% the day before, its biggest daily jump since April, as an upward revision of business activity data painted a brighter picture of the economy. The pound was last down less than 0.1% at $1.3348 after …
Sterling steady after biggest daily jump since April Read More »
Dec 3 (Reuters) – The number of newly registered cars from Chinese electric vehicle manufacturer BYD surpassed that from Tesla in November, the German road traffic agency KBA said on Wednesday. KBA said Tesla sold 1,763 cars in Germany in November, 20.2% less than a year ago. The number of Teslas sold in the January-November …
Tesla’s German car sales fall by a fifth in November Read More »
By James Davey LONDON, Dec 4 (Reuters) – Frasers, the British sportswear and fashion retailer, said market conditions were tough, consumer confidence very subdued and excess inventory was weighing on the industry as the company reported a 2.8% fall in first-half profit. The FTSE 100 group, majority owned by Mike Ashley, did, however, reaffirm its …
UK retailer Frasers sees tough market conditions but keeps profit outlook Read More »
Dec 4 (Reuters) – Britain’s SSP Group is targeting profit this year at the top end of its forecasts, the Uppercrust owner said on Thursday, as its North America business picks up momentum and it presses on with a turnaround plan to bolster margins. Shares jumped as much as 16.3% to 172.3 pence by 0952 …
Uppercrust Owner SSP soars on improved profit forecast amid turnaround push Read More »
By Vera Eckert FRANKFURT, Dec 4 (Reuters) – There is no specific timeline for when the shipping industry will resume sailing through the Suez Canal, but any return would be gradual, the chief executive of Hapag-Lloyd, the world’s fifth-largest container company, said on Thursday. Shipping companies have been sailing costly routes around Africa since November …
Shipping industry’s return to Suez will be gradual, Hapag-Lloyd CEO says Read More »
By Alessandro Parodi Dec 4 (Reuters) – Tesla’s UK car registrations dropped in November, industry data showed on Thursday, following steep declines in other European markets in the month amid intense competition particularly from Chinese rivals. November registrations, a proxy for sales, of Tesla cars in the UK fell 19% to 3,784 from 4,680 cars …
Tesla’s UK car sales fall in November, data shows Read More »
