By John Revill ZURICH (Reuters) -Swiss companies and consumers are now able to make instant electronic payments, catching up with other European financial centres where the ultra-fast transfers are increasingly popular. Instant payments allow credit transfers within 10 seconds of a payment being made rather than waiting for days for the transaction to clear. They …
Swiss launch instant payments to catch up with Europe Read More »
(Reuters) -British transport company Mobico reported on Wednesday a 28.1% jump in first-half profit, and said it has initiated the sale process for its North American school bus business in an attempt to cut debt, sending its shares up more than 19%. The Birmingham-based company, which changed its name from National Express to Mobico last …
UK’s Mobico launches sale of N.America bus business to cut debt Read More »
OSLO (Reuters) – Norwegian oil and gas companies should boost investments in exploration and production to slow down an expected decline in output in the coming years, the country’s petroleum industry regulator said in a resource report on Wednesday. Norway is Europe’s largest gas supplier and a major producer of oil, pumping some four million …
Norway regulator calls on oil firms to boost exploration, investment Read More »
ZURICH (Reuters) – SoftwareOne is committed to resolving the takeover approaches for the Swiss company “in a timely manner” Chief Executive Brian Duffy said on Wednesday. “In May, we established a transaction committee made up of the independent board members,” Duffy told analysts after the software services provider reported its half year results. “The board …
SoftwareOne committed to resolving takeover approaches in ‘timely manner’, CEO says Read More »
LONDON (Reuters) – British upmarket supermarket group Waitrose plans to invest 1 billion pounds ($1.30 billion) in new and existing shops over the next three years, it said on Wednesday. The chain, part of the employee-owned John Lewis Partnership, said it would open up to 100 convenience shops across the UK over the next five …
Britain’s Waitrose to invest $1.3 billion in stores over three years Read More »
BERLIN (Reuters) – German authorities have seized almost 25 million euros ($28 million) in cash in a nationwide operation targeting cryptocurrency ATMs, the country’s financial regulator BaFin said in a statement on Tuesday. Authorities seized 13 machines that had been operating without the necessary permits, posing a risk of money-laundering, according to the regulator. The …
Germany seizes almost $28 million in cash in crypto ATM sting Read More »
By Dawn Chmielewski (Reuters) -Veteran media executive Edgar Bronfman Jr. on Monday submitted a $4.3 billion bid to take over Paramount Global through the acquisition of National Amusements, which owns a controlling stake in Paramount, people familiar with the matter said. The competing offer for the home of Paramount Pictures, the CBS broadcast network and …
Edgar Bronfman and investor group submit $4.3 billion rival bid for Paramount Global Read More »
By David Shepardson and Abhijith Ganapavaram (Reuters) – Stellantis said on Tuesday its planned investments at Belvidere, Illinois, will be delayed but insisted it is committed to moving forward and is not in violation of its union contract. On Monday, the United Auto Workers union said some of its local units representing tens of thousands …
PARIS (Reuters) – France’s caretaker government has set 2025 state spending at current levels, saving about 10 billion euros ($11.08 billion) after taking inflation into account and keeping the deficit reduction target on track, the prime minister’s office said. President Emmanuel Macron has yet to name a new government since a snap legislative election in …
France’s caretaker government freezes 2025 spending at current levels Read More »
(Reuters) -Britain’s competition watchdog said on Tuesday it has accepted Meta’s proposed changes to the way it uses the data of customers advertising on the global social media platform. In May, Meta had pledged to limit how it uses advertising customers’ data to prevent it from gaining an unfair advantage. Under the original commitments, advertisers …
UK competition watchdog accepts Meta’s changes to ad data rules Read More »
