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EU seeks to break impasse over gas price caps, ‘no regret’ plan floated
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Analysis-Weak forint rains on Hungary’s ‘no more hikes’ parade
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UK economy on brink of recession as it shrinks in August
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Austria plans to bring budget deficit within 3% of GDP next year
Swedish energy minister: need to decouple gas from electricity price
Date: October 12, 2022
PRAGUE (Reuters) – The European Union needs to find a way to decouple gas and electricity prices, Swedish energy minister Khashayar Farmanbar said on Wednesday, ahead of a meeting of the bloc’s energy ministers. “That can be done through various suggestions,” Farmanbar said. “But one thing is important: What we do now, the market interference...
Mercedes-Benz and Microsoft collaborate on supply chain data platform
Date: October 12, 2022
BERLIN (Reuters) – Mercedes-Benz and Microsoft announced a partnership on Wednesday using Microsoft Cloud for a data platform intended to improve production efficiency at over 30 passenger car plants globally, the carmaker said on Wednesday. The data platform, called MO360, is already available in Europe, the Middle East and Africa and will also be launched...
Russian missiles hit 30% of Ukraine’s energy infrastructure in two days – minister
Date: October 12, 2022
(Reuters) – Russia hit about 30% of Ukraine’s energy infrastructure in its missile attacks on Monday and Tuesday, Ukraine’s Energy Minister Herman Halushchenko told CNN in an interview. “We send this message to our partners: we need to protect the sky,” Halushchenko told CNN late on Tuesday, adding that Russia was disregarding international rules. “They...
EFG International says profitability improved in first nine months
Date: October 12, 2022
ZURICH (Reuters) -EFG International said it had seen a “significant increase” in underlying net profit for the first nine months of 2022 on Wednesday as the Swiss private banker also unveiled new targets. Net new assets totaled 2.6 billion Swiss francs ($2.61 billion) for the first nine months of 2022, corresponding to an annualised growth...
Twitter reviews policies around permanent user bans – FT
Date: October 12, 2022
(Reuters) -Twitter Inc is reviewing its policies around permanently banning users, possibly bringing its content moderation in line with Elon Musk’s vision for the social media platform, the Financial Times reported on Wednesday. Twitter has been exploring if there are other content moderation tools that could replace a ban, its harshest penalty for violating rules,...
Meta’s new Quest Pro headset, mixing real and virtual worlds, makes debut
Date: October 12, 2022
By Katie Paul (Reuters) -Meta Platforms unveiled its Quest Pro virtual and mixed reality headset on Tuesday, marking a milestone for Chief Executive Mark Zuckerberg’s break into the higher-end market for extended reality computing devices. The headset, introduced at Meta’s annual Connect conference, will hit shelves on Oct. 25 at a price of $1,500, and...