By Maria Martinez BERLIN (Reuters) -Germany is set to gradually raise its hourly minimum wage to 14.60 euros ($17.11) by 2027 from the current 12.82 euros under proposals from a government-appointed commission, less than the ruling coalition had initially agreed to target. Raising the minimum wage can make it harder for companies to take on …
German commission recommends raising minimum wage to 14.60 euros Read More »
By Gianluca Lo Nostro (Reuters) -The Brussels Public Prosecutor’s office said on Friday it had opened an investigation into potential money laundering activities at the Belgian unit of French payments processor Worldline. The investigation follows articles published in Le Soir and De Standaard which said that the company had processed payments for companies involved in …
Belgian prosecutors launch money laundering probe into Worldline’s local unit Read More »
By Gianluca Semeraro MILAN (Reuters) -Italian merchant bank Mediobanca set out a plan to return 4.9 billion euros ($5.74 billion) to shareholders over the next three years, as it seeks to fend off a hostile bid from smaller rival Banca Monte dei Paschi di Siena (MPS). Mediobanca reiterated in a statement on Friday that MPS’ …
Mediobanca pledges to return $5.74 billion to investors to counter MPS bid Read More »
BRUSSELS (Reuters) -Meta Platforms on Friday criticised EU antitrust regulators for moving the goalpost as the U.S. company seeks to comply with an order targeting its pay-or-consent business model. The tech giant said the European Commission had discriminated against its business model and that it had nevertheless engaged constructively in discussions and introduced extensive changes. …
AMSTERDAM (Reuters) -The Dutch government pledged 70 million euros ($82 million) on Friday for the construction of an artificial intelligence plant in the northern city of Groningen. The plant, which will be managed by a consortium of Dutch organisations, is intended to become a European research hub for the development of AI technologies in applications …
Dutch government commits 70 million euros for AI plant Read More »
LONDON (Reuters) -The pound was set for its biggest weekly gain against the dollar in nearly four months on Friday and held close to its near four-year high hit the previous day, though that was more due to dollar weakness than sterling strength. The pound was last up 0.14% on the dollar at $1.13745, just …
OSLO (Reuters) -Energy major Shell and its partners have started up two subsea compression stations at Norway’s Ormen Lange gas field to help boost recovery of gas reserves, which are exported to European markets, the companies said on Friday. The new compressor stations will increase the amount of gas recovered from the field from 75% …
Shell and partners boost gas production from Norway’s Ormen Lange field Read More »
BELGRADE (Reuters) -The United States has postponed sanctions against the Russian-owned Serbian oil company NIS for a fourth time until July 29, the country’s mining and energy minister Dubravka Djedovic Handanovic said on Friday. NIS has so far secured three reprieves, the last of which was due to expire later on Friday. “Sanctions have been …
By Amina Niasse and Mariam Sunny (Reuters) -Novo Nordisk said on Thursday it will collaborate with WeightWatchers to sell its blockbuster weight-loss drug Wegovy, starting July 1. Under the deal, cash-paying patients can access a month’s supply of Wegovy through the Danish drugmaker’s Novocare pharmacy for $299. The one-time price will also be available through …
Novo Nordisk says WeightWatchers will sell Wegovy, announces $299 price Read More »
MADRID (Reuters) -The European Central Bank is on track to meet is 2% inflation target, the institution’s Vice President Luis de Guindos said on Friday. “We are confident we will meet the inflation target, which is why we lowered interest rates”, he told Spanish TV broadcasther Antena 3. The ECB cut interest rates this month …
ECB on path to meet its 2% inflation target, ECB’s De Guindos Says Read More »
