By Emma Farge GENEVA (Reuters) -The U.N. rights council on Thursday voted down a Western-led motion to hold a debate about alleged human rights abuses by China against Uyghurs and other Muslims in Xinjiang in a victory for Beijing as it seeks to avoid …
European car market to contract 1% in 2022, ACEA forecasts
BERLIN (Reuters) – The European Union’s car market is on track to shrink this year, the European Automobile Manufacturers Association (ACEA) said on Friday, forecasting a 1% dip to 9.6 million units in a downward revision from an initial projection for…
Twitter lawsuit halted so Elon Musk can close deal by Oct. 28
By Tom Hals WILMINGTON, Del. (Reuters) – A Delaware judge ordered a halt to Twitter Inc’s lawsuits against Elon Musk on the eve of trial to give the billionaire time to finance his $44 billion takeover of the social media platform, according to a Thurs…
Moody’s says Credit Suisse could suffer $3 billion loss in 2022
By Saeed Azhar NEW YORK (Reuters) – Rating agency Moody’s Investors Service expects losses for Credit Suisse to swell to $3 billion by year-end, potentially bringing its core capital below the key 13% level, Moody’s lead analyst on the bank told Reuter…
EU wants to know if Microsoft will block rivals after Activision deal
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are asking games developers whether Microsoft will be incentivised to block rivals’ access to “Call of Duty” maker Activision Blizzard’s best-selling games, according to an EU document seen b…
LME launches discussion paper on the possibility of banning Russian metal
LONDON (Reuters) – The London Metal Exchange on Thursday launched a discussion paper on the possible courses of action regarding Russian metal such as aluminium and whether it should continue to be traded and stored in its system. The discussion paper …
Twitter slips as investors await funding details on Musk’s $44 billion deal
(Reuters) – Twitter Inc’s shares retreated further from Elon Musk’s offer price on Thursday as investors fretted over financing for the proposed $44-billion buyout of the social media firm against the backdrop of growing economic uncertainty. Apollo Gl…
EU takes step to ease proposed curbs on foreign banks, document shows
By Huw Jones LONDON (Reuters) – Foreign bank branches in the European Union would not automatically become a costlier subsidiary if their business reached a certain “systemic” size, the Czech EU presidency proposed on Thursday. The EU’s executive Europ…
EU sees more work ahead to implement Russian oil price cap
By Gabriela Baczynska BRUSSELS (Reuters) -The European Union on Thursday gave a final approval to its eighth batch of sanctions against Russia for its invasion of Ukraine, but said implementing a price cap on Russian seaborne oil included in the packag…
Adidas puts partnership with Kanye West under review
FRANKFURT (Reuters) – German sporting goods maker Adidas on Thursday said it has put under review its business partnership with rapper and fashion designer Kanye West. “After repeated efforts to privately resolve the situation, we have taken the decisi…