Dec 1 (Reuters) – British regulator Ofcom fined Virgin Media a penalty of 23.8 million pounds ($31.44 million) on Monday, after the company disconnected telecare customers during its programme to migrate them to digital landlines. ($1 = 0.7569 pounds) (Reporting by Yamini Kalia in Bengaluru; Editing by Rashmi Aich)
A look at the day ahead in European and global markets from Ankur Banerjee The year that started with a rate hike in Japan might just end with another after the clearest signal yet from Bank of Japan Governor Kazuo Ueda of a possible move soon, setting up the stage for a pivotal month for …
Morning Bid: Rate hike prospect arrests yen decline, for now Read More »
By Kumar Tanishk and Nikita Maria Jino Dec 1 (Reuters) – Australia’s AUB Group said on Monday its suitors EQT and CVC Asia Pacific had abandoned their pursuit that valued the insurance broker at A$5.25 billion ($3.44 billion), sending its shares more than 17% lower. Shares of the Sydney-based firm plunged 17.5% by 0011 GMT …
Australia’s AUB Group sinks as EQT, CVC drop $3.44 billion pursuit Read More »
LONDON, Dec 1 (Reuters) – Optimism in Britain’s services sector declined at the fastest pace in three years in the three months to November, hurt by ongoing cost pressures that have eroded profits, the Confederation of British Industry said on Monday. Finance minister Rachel Reeves’ annual budget on November 26 – which set out 26 …
UK services optimism falls at fastest pace in 3 years, CBI says Read More »
BERLIN, Nov 30 (Reuters) – Deutsche Telekom and the Schwarz Group are planning to jointly build a gigafactory for artificial intelligence, German newspaper Handelsblatt reported on Sunday. An “AI gigafactory” is a facility designed specifically to support the massive computing needs of AI. The Germany-based telecoms giant and unlisted retailer Schwarz are in talks to …
Deutsche Telekom and Schwarz Group to build AI data centre, German newspaper reports Read More »
ZURICH, Nov 30 (Reuters) – Switzerland on Sunday overwhelmingly rejected a proposed 50% tax on inherited fortunes of 50 million Swiss francs ($62 million) or more, with 78% of votes against the plan, an outcome that even exceeded the two‑thirds opposition indicated in polls. Bankers have watched the vote closely, casting it as a litmus …
MANCHESTER, England, Nov 30 (Reuters) – British finance minister Rachel Reeves on Sunday denied she misled the public over official forecasts ahead of this month’s budget, saying she had been honest about the need to build up a bigger fiscal buffer. In a speech on November 4, Reeves appeared to lay the groundwork to break …
UK’s Reeves says she did not mislead public on the budget Read More »
By Steven Scheer JERUSALEM, Nov 30 (Reuters) – Wizz Air plans to open a hub in Israel by April, Chief Executive Jozsef Varadi said, a move that the Israeli government hopes will lead to lower aviation costs. Varadi met with Transportation Minister Miri Regev in Israel last week and said in a statement on Sunday that …
By Gwladys Fouche and Nerijus Adomaitis OSLO, Nov 30 (Reuters) – Norway’s $2 trillion wealth fund said on Sunday it would vote for a shareholder proposal at Microsoft’s annual general meeting this week requiring a report on the risks of operating in countries with significant human rights concerns. Microsoft’s management has recommended shareholders vote against the …
Norway wealth fund to back call for Microsoft human rights report at AGM Read More »
MILAN, Nov 29 (Reuters) – Italy’s economy ministry on Saturday said it had acted properly in placing shares in bailed-out bank Monte dei Paschi di Siena (MPS) with two key investors who are now at the centre of an investigation by Milan prosecutors. “The ministry always acted in compliance with rules and standard practices,” a …
Italy’s Treasury defends its actions as bailed-out Monte dei Paschi faces judicial probe Read More »
