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Sizes of European government debt trades halve in 2023-ICMA
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Meta’s new Quest headset to start shipping on Oct 10 -Zuckerberg
UK EV supplier Bedeo launches electric van conversions in France
Date: September 27, 2023
UK EV supplier Bedeo launches electric van conversions in France By Nick Carey LONDON (Reuters) – British electric vehicle supplier Bedeo said on Wednesday that it has launched a service to convert thousands of diesel vans to electric hybrids, starting in France to take advantage of government subsidies for retrofitting fossil-fuel models. France provides a...
Shopify invests in wholesale platform Faire
Date: September 27, 2023
Shopify invests in wholesale platform Faire LONDON (Reuters) – E-commerce giant Shopify is investing in wholesale platform Faire, the companies said on Wednesday, in a global deal that would see the start-up adopt Shopify technology for its clients. Faire, founded in 2017 and valued at $12.59 billion, would become the recommended wholesale marketplace for Shopify...
Bank of England delays final Basel bank capital rules to July 2025
Date: September 27, 2023
Bank of England delays final Basel bank capital rules to July 2025 LONDON (Reuters) – The Bank of England on Wednesday said it would delay by six months to July 2025 its roll out of the final leg of international bank capital rules that began after the global financial crisis over a decade ago. The...
Germany halts e-cars solar subsidy programme amid high demand
Date: September 27, 2023
Germany halts e-cars solar subsidy programme amid high demand BERLIN (Reuters) – Germany’s state-owned KfW bank on Wednesday said it had halted a new subsidy programme for charging electric vehicles with solar power at home a day after its launch as the funds were exhausted immediately due to high demand. With a budget of 300...
UK’s Hiscox to sell Singapore and Thailand insurance business
Date: September 27, 2023
UK’s Hiscox to sell Singapore and Thailand insurance business (Reuters) – British insurer Hiscox said on Wednesday it has agreed to sell DirectAsia, its motor insurance business in Singapore and Thailand, to Ignite Thailand Holdings following a strategic review. The company expects the deal to be completed by the end of 2023. (Reporting by...
Germany bans neo-Nazi group, raids members’ homes
Date: September 27, 2023
Germany bans neo-Nazi group, raids members’ homes BERLIN (Reuters) – German authorities raided dozens of locations nationwide on Wednesday after interior minister Nancy Faeser banned a right-wing extremist group accused of spreading Nazi ideology. The headquarters of the group, dubbed “Artgemeinschaft”, as well as 26 homes belonging to 39 members were searched in the early...