By Anne Kauranen HELSINKI (Reuters) – Finland, Sweden, Norway, Denmark and Estonia are rolling out offline card payment systems to provide a back-up if internet connections are lost, including due to sabotage, Bank of Finland board member Tuomas Valimaki said on Wednesday. The plans come after the Baltic Sea region has suffered several instances of …
By Kate Abnett BRUSSELS (Reuters) -The European Commission warned Romania on Wednesday to remove its cap on gas prices or potentially face legal action over the policy, which the EU executive branch said violates the bloc’s energy market rules. Gas and power bills for Romanian households, small businesses and public institutions have been capped up …
EU warns Romania to remove gas price cap or face legal action Read More »
MILAN (Reuters) -Telecom Italia posted on Wednesday a 5.4% rise in first-quarter core earnings, slightly below expectations, as debt edged higher and cash flow was negative. Earnings before interest, taxes, depreciation and amortisation after lease costs at Italy’s biggest telecoms group rose to 815 million euros ($926 million), against analysts’ consensus forecast of 821 million …
Telecom Italia first-quarter core profit up 5.4%, debt rises Read More »
By Robert Harvey LONDON (Reuters) -Oil and gas producer Harbour Energy is set to cut 250 jobs, approximately a quarter of the workforce at its UK unit based in Aberdeen, the company said in a statement on Wednesday. Harbour, the largest British North Sea oil and gas producer, said the cuts were necessary because of …
Harbour Energy to cut its UK workforce by a quarter, company says Read More »
By Sinead Cruise LONDON (Reuters) -Britain’s Financial Conduct Authority is seeking feedback on a potential overhaul of mortgage issuance and advice rules, with a view to simplifying responsible lending guidance and stimulating demand in the 235 billion pound ($315 billion) market. “We want to make it easier, faster and cheaper for borrowers to make changes …
UK financial watchdog consults on steps to simplify mortgage rules Read More »
By Luiza Ilie, Libby George and Gergely Szakacs BUCHAREST/LONDON (Reuters) – Romanian debt managers curbed local debt sale plans on Wednesday amid a slide in the leu currency since hard-right presidential candidate George Simion took the lead in the first round vote and ruled out tax hikes to fix the country’s ailing finances. The leu …
Romania curbs debt sale plan as presidential favourite rules out tax hikes Read More »
By Supantha Mukherjee STOCKHOLM (Reuters) -Mistral AI on Wednesday launched its Le Chat chatbot for corporate use, and its CEO said the French startup has tripled its revenue in the last 100 days, with demand coming particularly from outside the United States. Paris-based Mistral AI, founded two years ago, launched the open source version of …
French startup Mistral launches chatbot for companies, triples revenue in 100 days Read More »
By Jacob Gronholt-Pedersen and Maggie Fick COPENHAGEN/LONDON (Reuters) – Obesity drugmaker Novo Nordisk said on Wednesday it would drop gender representation requirements for senior leadership positions in its U.S. business following executive orders by President Donald Trump to stop diversity, equity and inclusion initiatives. “While Novo Nordisk maintains our global aspiration of a minimum 45% …
Novo Nordisk latest drugmaker to drop gender goals in US Read More »
(Reuters) – Moldova has secured a quarter of its annual gas supply needs in a deal with the Romanian oil and gas group OMV Petrom, a top Moldovan energy official said on Wednesday, with first deliveries expected in 2027. The agreement is crucial for Moldova, which has been dependent on Russian gas for decades but …
Romania’s OMV Petrom signs deal covering quarter of Moldova’s gas demand Read More »
SINGAPORE (Reuters) – The European Commission will announce on Thursday details of its next countermeasures against U.S. tariffs should negotiations with Washington fail, European Trade Commissioner Maros Sefcovic said on Wednesday. “Tomorrow we will announce next preparatory steps, both in the area of possible rebalancing measures, and also in the areas important for the further …
EU to set out next countermeasures against US tariffs on Thursday Read More »
