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U.S. SEC chief unveils plan to overhaul Wall Street stock trading
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Twitter plans to have shareholder vote by August on sale to Elon Musk
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Nigeria ruling party picks ex-governor of Lagos Tinubu to run for president
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Kering aims to double Saint Laurent sales in medium term
WhatsApp has until July to comply with EU consumer law, EU says
Date: June 8, 2022
By Foo Yun Chee BRUSSELS (Reuters) – Meta’s WhatsApp has until July to show that a privacy policy update introduced in January complies with EU consumer law, the European Commission said on Wednesday, in a case prompted by complaints from consumer bodies across Europe. The European Consumer Organisation (BEUC) and the European Network of consumer...
Twitter tests reminder feature for limited edition product sales
Date: June 8, 2022
By Sheila Dang (Reuters) – Twitter users will be able to receive reminders when retailers release limited edition items for sale, through a new feature the social media company announced on Wednesday. Twitter will test the feature with brands including Dior, Home Depot and Fossil. Luxury designers, streetwear brands and other retailers have created a...
UniCredit well placed to weather Italian debt volatility – CFO
Date: June 8, 2022
MILAN (Reuters) – UniCredit is well placed to withstand volatility in Italian government bonds, the group’s finance chief said on Wednesday, dismissing concerns about the impact of a recent widening in spreads with German debt. The premium Italian bonds pay over safer German Bunds hit a two-year high this month, at more than 2 percentage...
Foo Fighters announce tribute concerts for late drummer Taylor Hawkins
Date: June 8, 2022
LONDON (Reuters) – American rock band Foo Fighters will play two tribute concerts for their late drummer Taylor Hawkins, taking to the stage in London and Los Angeles in September, the group said on Wednesday. Hawkins, 50, died unexpectedly in late March in a Bogota hotel during the group’s South American tour, the rest of...
UK and Italian banks to benefit most from rising rates, study shows
Date: June 8, 2022
By Marc Jones LONDON (Reuters) – British and Italian banks are expected to see the biggest boost from Europe’s rising interest rates, according to a new study, while French and Dutch lenders will see barely any benefit and Swiss and Swedish banks could actually suffer. Credit rating firm S&P Global looked at how 85 of...
Russia’s economic slump will wipe out 15 years of gains – IIF
Date: June 8, 2022
LONDON (Reuters) -Russia’s economy will shrink 15% this year and 3% in 2023 as the hit from Western sanctions, an exodus of companies, a Russian “brain-drain” and collapse in exports wipe out 15 years of economic gains, a global banking industry lobby group said. In its report on the Russian economy following Moscow’s invasion of...