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Volkswagen’s Antlitz: no comment on valuation of Porsche listing
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SAP boosts brand awareness using GumGum’s high impact ad formats and VerityTM, GumGum’s advanced contextual targeting solution
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Norsk Hydro keeps some aluminium capacity offline due to weaker demand
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Binance to convert users’ USD Coin into its own stablecoin
Siemens Energy to rejoin Germany’s blue-chip DAX, HelloFresh to exit
Date: September 6, 2022
FRANKFURT (Reuters) – Germany’s Siemens Energy will rejoin the nation’s premier DAX stock index, while the meal-kit delivery service HelloFresh will get the boot. The German stock exchange operator Deutsche Boerse, which compiles the index, made the announcement late on Monday. The change takes affect on Sept. 19. Deutsche Boerse periodically reassesses the composition of...
Ireland fines Instagram a record $400 million over children’s data
Date: September 6, 2022
DUBLIN (Reuters) -Ireland’s data privacy regulator has agreed to levy a record fine of 405 million euros ($402 million) against social network Instagram following an investigation into its handling of children’s data, a spokesperson for the watchdog said. Instagram plans to appeal against the fine, a spokesperson for parent Meta Platforms Inc said in an...
UniCredit sets out $8 billion aid package for Italy clients hit by surging prices
Date: September 6, 2022
By Valentina Za MILAN (Reuters) -Italy’s second-biggest bank, UniCredit, on Monday unveiled a set of measures worth up to 8 billion euros ($8 billion) to ease the pain of firms and households hit by record energy costs and a wider price surge. Chief Executive Andrea Orcel told a press call that UniCredit, which operates also...
Risk of UK balance of payments crisis under Truss is rising, Deutsche Bank warns
Date: September 6, 2022
LONDON (Reuters) – The risk of a UK balance of payment crisis “should not be underestimated” under a Liz Truss government, Deutsche Bank warned on Monday, citing the potential for large unfunded fiscal expansion and changes to the Bank of England mandate to damage investor confidence. “A large, unfunded and untargeted fiscal expansion accompanied by...
Germany heading for recession despite new relief plan – economists
Date: September 6, 2022
BERLIN (Reuters) – Germany, Europe’s largest economy, is still on course for a recession even with a new government plan to spend 65 billion euros ($64.49 billion) on shielding energy customers and businesses from soaring inflation, economists say. The latest package brings to 95 billion euros the amount allocated to inflation-busting since the Ukraine war...
Saudi snitching app turns citizens into social media police
Date: September 6, 2022
By Nazih Osseiran BEIRUT (Thomson Reuters Foundation) – A Saudi app that lets ordinary people “play the role of a police officer” may have alerted authorities to the tweets of a student whose sentencing to 34 years in jail has drawn international condemnation. Just weeks after the verdict against Salma al-Shehab – a doctoral candidate...