NICOSIA (Reuters) – Food inflation is still intensifying in Europe and may be the key driver of price growth now, European Central Bank chief economist Philip Lane said on Wednesday. “I look at food, where inflation pressure is probably its most intense. And it’s still rising now,” Lane told a university lecture in Cyprus. “I …
Euro zone food inflation still intensifying: ECB’s Lane Read More »
MILAN (Reuters) – Italy’s antitrust authority said on Wednesday it would investigate Meta Platform over the possible abuse of its position in talks over the rights to music posted on Meta’s platforms and potentially hurting competition in the sector. The dispute involved the Italian society of authors and publishers, SIAE. According to the antitrust regulator, …
Italy probes Meta over abuse of position in music rights case Read More »
(Reuters) – A UK court on Wednesday ordered GSK’s Tesaro to pay rival AstraZeneca royalties on total sales of ovarian cancer drug Zejula, in a win for the Anglo-Swedish drugmaker. Tesaro had argued the royalty was payable only on sales that are for uses claimed or covered by the licensed patents, after AstraZeneca filed a …
UK court orders GSK to pay AstraZeneca royalties on total sales of Zejula Read More »
By Pietro Lombardi MADRID (Reuters) – Spanish power company Iberdrola will seek to expand in the United States and take advantage of its green subsidies after announcing the sale of gas assets worth $6 billion in Mexico, Chief Financial Officer Jose Sainz said on Wednesday. The sale significantly reduces the renewable energy giant’s exposure to …
Iberdrola aims for US subsidies after Mexican asset sale Read More »
By Huw Jones LONDON (Reuters) -Germany has told the European Union not to tamper with rules that allow banks which are part of a network offering financial help in a crisis to benefit from lower capital and liquidity requirements, a letter seen by Reuters showed. The EU’s executive European Commission is due on April 18 …
Germany warns EU over tampering with schemes for struggling banks Read More »
(Reuters) -Deutsche Lufthansa said on Wednesday that it would sell the remaining part of airline caterer LSG Group to private equity firm Aurelius, three years after it first put the business up for sale. The German flagship carrier hopes the move will allow it to focus more on its core airline business, with chief financial …
Lufthansa to sell rest of LSG Group to private equity firm Aurelius Read More »
By Pavel Polityuk KYIV (Reuters) – President Volodymyr Zelenskiy thanked Poland for its “historic” help in rallying Western support for Ukraine during a visit to Warsaw and said Ukrainian troops were still fighting for Bakhmut in the east but could withdraw if they risked being cut off. Poland has provided vital weaponry to Kyiv since …
Zelenskiy indicates Ukraine could pull out of Bakhmut if Russians close in Read More »
BERLIN (Reuters) -Germany’s antitrust authority will have more power to crack down on anti-competitive practices under plans agreed by the government on Wednesday, a move business associations could give the state body too big a role to intervene in the market. Under legislation drafted by the economy and justice ministries, the Federal Cartel Office will …
German antitrust authority set to gain more powers Read More »
By Simon Lewis and Humeyra Pamuk BRUSSELS/WASHINGTON (Reuters) – The United States is working through the process to determine whether Wall Street Journal reporter Evan Gershkovich’s detention by Russia is “wrongful”, U.S. Secretary of State Antony Blinken said on Wednesday, adding it would soon be completed. “It’s something that we’re working through very deliberately, but …
Blinken says U.S. working on ‘wrongful detention’ label for WSJ reporter Read More »
By Giuseppe Fonte ROME (Reuters) – Italy is struggling to broker a deal between payments firms, banks and retailers to cut fees on electronic transactions, two sources familiar with the matter told Reuters on Wednesday, raising the prospect of a windfall tax on the financial sectors. The cost of digital payments has taken centre stage …
Italy, digital payment firms and retailers at odds over deal to cut fees Read More »
