By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are drawing up charges against Facebook parent Meta over its use of customer data and the tying of its classified advertisements service to its social network, people familiar with the matter…
France formally investigates Vinci unit over Qatar labour conditions- rights group
PARIS (Reuters) – A French judge has put Vinci Construction Grands Projets, a unit of French construction group Vinci, under formal investigation on Wednesday over accusations it had violated the rights of migrant workers in Qatar, Paris-based human ri…
Iran tells Saudis its ‘strategy of patience’ not guaranteed to continue -Fars
DUBAI (Reuters) – Iran’s intelligence minister told its arch regional rival Saudi Arabia on Wednesday that there is no guarantee of Tehran continuing its “strategy of patience”, according to semi-official Fars news agency. “Until now, Iran has adopted …
G20 will struggle to agree on communique at summit – German official
BERLIN (Reuters) – The G20 will struggle this year to reach an agreement on a final communique at its leaders’ summit in Bali and is still wrangling over lots of points, a German government official said on Wednesday. Work in the G20 has proven tricky …
Brembo lifts 2022 guidance after strong quarter
MILAN (Reuters) -Brembo sees 2023 as another complicated year but manufacturers are getting used to navigating tricky times, its executive chairman said on Wednesday, as the Italian brakes maker hiked its forecasts for this year’s revenues and earnings…
Chart to buy industrial tool maker Howden for $4.4 billion in clean energy bet
(Reuters) -U.S. manufacturer Chart Industries Inc said on Wednesday it would buy UK-based industrial equipment maker Howden for $4.4 billion, in a bet on growing demand for clean energy technology. Chart makes engineering equipment used in liquefied na…
Microsoft faces new EU antitrust complaint on cloud computing practices
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft faces a new antitrust complaint over its cloud computing practices as trade group CISPE, whose members include Amazon, took its grievance to European Union antitrust regulators on Wednesday. CISPE has alle…
Euro zone bond yields fall ahead of US inflation data
By Harry Robertson LONDON (Reuters) -Euro zone bond yields posted their largest one-day fall so far this month on Wednesday ahead of U.S. inflation data due out Thursday, and the results of the U.S. midterm elections. Yields, which move inversely to pr…
Oil producer Ithaca shares sink in UK’s largest IPO of 2022
By Emma-Victoria Farr, Shadia Nasralla and Lucy Raitano LONDON (Reuters) – Ithaca Energy made a lacklustre debut in London on Wednesday as the North Sea oil and gas producer defied volatile markets with Britain’s largest initial public offering of 2022…
Thousands march as Greeks strike over ‘suffocating’ inflation
By Vassilis Triandafyllou and Alkis Konstantinidis ATHENS (Reuters) -Greek workers went on a day-long strike on Wednesday, demanding higher wages to cope with surging inflation, as Europe’s soaring energy prices and living costs trigger industrial acti…