EU antitrust chief calls for global approach towards tech giants
Europe’s antitrust chief Margrethe Vestager, the architect of landmark rules to curb the power of US tech giants, called on Thursday for a global approach towards Big Tech to ...
PC and tablet market exceeded 100 million sales in Q1
The global PC market, which includes tablet shipments, showed signs of resilience during the first quarter of 2022, despite a slight contraction, according to a report released this week by technology ...
Gas in rubles not euros: what is Putin aiming at?
By Maria Demertzis and Francesco Papadia
When Europeans imposed sanctions on Russian firms and authorities, they did not sanction Gazprombank. This was necessary or European companies would not have been ...
ECB rate should be back in positive territory by year end: Villeroy
The European Central Bank should raise its deposit rate back into positive territory this year, French central bank chief Francois Villeroy de Galhau said on Friday, comments that point to ...
Heat pumps, renovations could slash Europe’s Russian gas use
Extensive building renovations and the use of heat pumps could nearly halve Europe’s Russian gas use, researchers said on Friday, although industry groups said this would require a substantial ...
Disconnecting Russia’s banks: Sberbank faces SWIFT removal
The European Union aims to cut off Sberbank (SBER.MM), Russia’s largest lender, from the SWIFT international payment system as Western allies seek to further isolate Moscow from financial ...
British Airways-owner IAG trims capacity plans to avoid disruptions
British Airways owner IAG (ICAG.L) has scaled back plans to ramp up short-haul capacity at Heathrow airport, saying a cut of around 5 per cent to its summer schedule would ...
Stellantis revenues rise 12 per cent despite chip crunch, shares up
Revenue for carmaker Stellantis (STLA.MI) rose 12 per cent in the first three months of the year, supported by strong pricing and the type of vehicles sold, offsetting the impact ...
Why NOPEC, the US bill to crush the OPEC cartel, matters
A US Senate committee is expected to pass a bill on Thursday that could open members of the Organization of the Petroleum Exporting Countries and its partners to antitrust lawsuits ...
BMW profit boosted by Chinese joint venture, strong prices
BMW (BMWG.DE) posted a rise in first-quarter profit on Thursday, boosted by a reevaluation of the German car maker’s stake in its Chinese joint venture and strong pricing, ...
Hungary, Slovakia to get end-2023 exception to Russian oil embargo
Hungary and Slovakia will be able to continue buying Russian crude oil until the end of 2023 under existing contracts, an EU source told Reuters on Wednesday, benefitting from exemptions from ...
What would be the impact of Russian oil sanctions in Europe?
The European Union has proposed a phased embargo of Russian oil, tightening its sanctions on Moscow for its invasion of Ukraine. What would the impact be of banning Russian barrels ...
Turkey’s inflation surges to 20-year high of 70 per cent in April
Turkey’s annual inflation jumped to 69.97 per cent in April, above forecast and at a two-decade high, according to data on Thursday, fuelled by the Russia-Ukraine conflict and rising energy ...
Rouble jumps to around 2-year high vs dollar, euro as EU ups sanctions
The Russian rouble jumped on Wednesday to around a two-year high against both the dollar and the euro, retaining the support of hefty capital controls as the European Union proposed ...
Consumer boom nearly over as Central Europe heads into “decade of peril”
War may be raging on their doorstep but Central Europe’s economies are outpacing their euro zone peers as consumer spending booms. A reversal could come as soon as this ...
Rocky ride ahead for Norway’s $1.2 trillion wealth fund
Norway’s $1.2 trillion sovereign wealth fund is prepared for a rocky ride as it confronts the biggest geopolitical changes in three decades, its chief executive said on Tuesday.
“We probably ...
Stellantis buys car-sharing business as BMW, Mercedes take different route
Stellantis (STLA.MI) has agreed to buy the Share Now car-sharing business from BMW (BMWG.DE) and Mercedes-Benz (MBGn.DE) as the two German groups focus more on the software ...
Oil bounces higher ahead of Fed moves, EU sanctions on Russian oil
Oil prices bounced on Wednesday ahead of an announcement by the US Federal Reserve and further sanctions on Russia by the European Union, offsetting demand worries in top importer China.
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Startups apply artificial intelligence to supply chain disruptions
Over the last two years a series of unexpected events has scrambled global supply chains. Coronavirus, war in Ukraine, Brexit and a container ship wedged in the Suez Canal have ...
European green, social, sustainable bond sales could reach 1.6 trln euros in 2026 -study
Sales of Green, Social and Sustainability (GSS) bonds in Europe could total 1.6 trillion euros ($1.68 trillion) by 2026, making up almost half of all new bond issuance in the region, according to ...
Musk seeks to put in less money in new Twitter deal financing
Elon Musk is in talks with large investment firms and high net-worth individuals about taking on more financing for his $44 billion acquisition of Twitter Inc (TWTR.N) and tying up ...
BP boosts buybacks as profit soars to highest in over decade
BP (BP.L) boosted its share buyback programme after net profit soared to its highest in more than a decade on strong oil and gas trading results, as the energy ...
Oil slips on China demand worries while EU weighs Russia oil ban
Oil prices slipped on Tuesday in a second day of thin trading in Asia, pulled in opposite directions by China’s COVID-19 lockdowns, which could weigh on fuel demand, and ...
Google makes $100,000 worth of tech training free to every US business
Alphabet Inc’s (GOOGL.O) Google will provide any US business with over $100,000 worth of online courses in data analytics, design and other tech skills for their workers free of ...