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EU lawmakers back ban on goods linked to deforestation
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Testing waters, Hungary’s central bank flags cut in top end of rate corridor
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Euro zone services booming but sentiment recovery may have stalled -ECB’s Lane
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UK’s Heathrow, airlines appeal regulator’s landing fee cut
TIM shares slide as reported grid bids disappoint
Date: April 19, 2023
TIM shares slide as reported grid bids disappoint ROME/MILAN (Reuters) – Shares in Telecom Italia (TIM) tumbled more than 5% on Wednesday on disappointment at the reported valuation of new offers for its landline grid and submarine cable unit Sparkle. Analysts voiced concern that the bids fell well short of what leading TIM shareholder Vivendi...
Heineken sees Europe resilience offseting Asia slowdown risk
Date: April 19, 2023
Heineken sees Europe resilience offseting Asia slowdown risk By Philip Blenkinsop BRUSSELS (Reuters) -Heineken maintained its forecast for 2023 profit growth with the risk of slower economic expansion in the Asia-Pacific region offset by greater resilience among beer drinkers in Europe. The world’s second-largest brewer expects its operating profit this year to increase by a...
Oil dips as potential Fed rate hike overshadows falling stocks
Date: April 19, 2023
Oil dips as potential Fed rate hike overshadows falling stocks By Laila Kearney and Muyu Xu (Reuters) -Oil dropped on Wednesday as the market weighed potential interest rate hikes from the U.S. Federal Reserve that could slow growth and dampen oil consumption, offsetting falling U.S. inventories and strong Chinese economic data. Brent crude futures shed...
Just Eat Takeaway raises 2023 guidance, launches buyback
Date: April 19, 2023
Just Eat Takeaway raises 2023 guidance, launches buyback By Tristan Veyet and Laura Lenkiewicz (Reuters) -Just Eat Takeaway.com NV raised its 2023 adjusted core profit outlook on Wednesday, saying it continues to make good progress on delivery-led operational improvements and is now ahead of plan. Europe’s biggest meal delivery company expects adjusted earnings before interest,...
Allianz puts N26 stake up for sale at $3 billion valuation – FT
Date: April 19, 2023
Allianz puts N26 stake up for sale at $3 billion valuation – FT (Reuters) – A unit of Allianz SE has put about 5% of its stake in German online bank N26 up for sale at a steep discount, valuing it at $3 billion, the Financial Times reported on Wednesday. The venture capital arm of...
US FTC leaders will target AI that violates civil rights or is deceptive
Date: April 19, 2023
US FTC leaders will target AI that violates civil rights or is deceptive WASHINGTON (Reuters) – Leaders of the U.S. Federal Trade Commission said on Tuesday the agency would pursue companies who misuse artificial intelligence to violate laws against discrimination or be deceptive. The sudden popularity of Microsoft-backed OpenAI’s ChatGPT this year has prompted calls...