Reuters UK Business

By Balazs Koranyi FRANKFURT (Reuters) -Euro zone inflation eased below the European Central Bank’s target last month on surprisingly benign services costs, underpinning expectations for further policy easing even as global trade tensions fuel longer-term price pressures. Consumer price inflation in the 20 countries sharing the euro slowed to 1.9% in May from 2.2% a …

Euro zone inflation eases below ECB target, supporting rate cut bets Read More »

By Supantha Mukherjee STOCKHOLM (Reuters) -Swedish fintech Klarna on Tuesday said on Monday it is doing a pilot launch of a new debit card in the United States as the buy now, pay later pioneer seeks to compete more directly with traditional banks. With a partnership with Visa, Klarna will allow consumers to pay immediately …

Klarna trials debit card in US, plans Europe launch later this year Read More »

By Bhanvi Satija NEW YORK (Reuters) -Telehealth platform Hims & Hers said on Tuesday it will acquire London-based startup Zava for an undisclosed amount, allowing it to launch its offerings in Germany, France and Ireland and reach more international patients. The move comes as Hims is adjusting to a regulatory ban in the United States …

Hims to acquire UK-based startup Zava as it expands international presence Read More »

By Leigh Thomas PARIS (Reuters) -Global economic growth is slowing more than expected only a few months ago as the fallout from the Trump administration’s trade war takes a bigger toll on the U.S. economy, the OECD said on Tuesday, revising down its outlook. The global economy is on course to slow from 3.3% last …

OECD lowers global outlook as Trump trade war hits US growth Read More »

MADRID (Reuters) -Spain’s Telefonica said on Tuesday it was looking into a potential cyberattack after data allegedly belonging to one million customers in Peru was released on an internet forum. “We are investigating an alleged security breach. The sample released by the actor, which comprises 1 million records, seems to correspond to customers in Peru,” …

Telefonica investigates potential cyberattack after release of data from Peru Read More »

By Sachin Ravikumar and Andrew MacAskill LONDON (Reuters) -The British government has said it is fully prepared to take Russian businessman Roman Abramovich to court to help release frozen funds from his sale of Chelsea soccer club that were intended to help victims of Russia’s war in Ukraine. Britain sanctioned Abramovich in a crackdown on …

UK threatens to sue Abramovich to release frozen money from Chelsea sale Read More »