By Huw Jones LONDON (Reuters) – Innovation is finally weakening the market grip of Britain’s “Big Four” banks, but “challenger” lenders are finding it slow and expensive to build up market share, the Financial Conduct Authority said on Thursday. High street banking has long been dominated by HSBC, Barclays, Lloyds and NatWest, prompting Britain to …
Innovation is slowly prising open UK banking, regulator says Read More »
By Mathieu Rosemain PARIS (Reuters) -Twitter must disclose details on what it does to tackle hate speech online in France, the Paris appeals court ruled on Thursday, handing a win to advocacy groups that say the social network does not do enough. The decision provides ammunition to campaigners elsewhere in Europe who want tougher controls …
Twitter loses online hate speech court battle in France Read More »
By Lawrence White and Iain Withers LONDON (Reuters) – Banks including Standard Chartered and Citigroup have told staff in Britain to return to the office, taking advantage of the government’s lifting of work-from-home rules to combat the spread of COVID-19. Goldman Sachs also plans to resume office working in accordance with the changed guidelines, a …
BEIJING (Reuters) -Chinese forces followed and warned away a U.S. warship which entered waters near the Paracel Islands in the South China Sea, the country’s military said on Thursday, but the U.S. Navy denied the ship had been warned off. The Southern Theatre Command of the People’s Liberation Army said the USS Benfold “illegally” sailed …
China says it warned away U.S. warship in South China Sea, U.S. denies Read More »
By Paul Sandle LONDON (Reuters) -British food delivery company Deliveroo hit the top of its forecast for 60-70% growth in gross transaction value in 2021 after GTV rose by more than a third in the fourth quarter despite a tough yearly comparison when new lockdown restrictions were coming into force. Food delivery boomed during the …
Deliveroo meets top growth forecast as dining in trend stays intact Read More »
By Chandini Monnappa BENGALURU (Reuters) – Hindustan Unilever, India’s largest consumer goods maker, said sales in its segments that make ice creams and beauty products returned to pre-pandemic levels but warned high raw material costs and inflation could pressure margins in the near term. Consumer goods makers had expected buying to pick up as pandemic …
Hindustan Unilever warns of margin pressure; rural slowdown persists Read More »
LONDON (Reuters) – British Prime Minister Boris Johnson condemns all forms of bullying and harassment, his spokesman said on Thursday, after a senior lawmaker from his Conservative Party accused the government of intimidation. William Wragg, chair of the Public Administration and Constitutional Affairs Committee, said the government had attempted to “blackmail” those lawmakers it suspects …
UK PM Johnson condemns all forms of bullying and harassment -spokesman Read More »
By Mubasher Bukhari LAHORE, Pakistan (Reuters) – A bomb blast ripped through a crowded market in eastern Pakistan on Thursday, killing three people and wounding over 20, police said. “It was a bomb blast,” a police spokesman Arif Rana told Reuters, saying a time device rigged to a motorcycle exploded outside a shop in the …
Bomb blast kills 3 people in eastern Pakistan – police Read More »
(Corrects country in headline, paragraph 2) By Simon Jessop and Brenna Hughes Neghaiwi LONDON (Reuters) -Summa Equity said it has raised 2.3 billion euros ($2.6 billion) for Europe’s biggest-ever ‘impact’ fund, which is focused on helping meet the U.N.’s 17 Sustainable Development Goals. The Swedish private equity firm said the fund aims to improve health …
Sweden’s Summa raises $2.6 billion in latest ‘impact’ fund Read More »
BERLIN (Reuters) – Tesla’s Berlin factory will elect its first works council on Feb. 28, Germany’s largest union IG Metall said on Thursday, expressing concern that it was too soon for the election to result in a truly representative body. Only one in six of the roughly 12,000 workers expected at the plant have been …
Tesla Berlin factory to elect works council on Feb 28 Read More »
