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Germany’s Uniper Seeks Bailout as Moscow Gas Standoff Chokes Finances
Date: July 8, 2022
By Tom Käckenhoff and Vera Eckert BERLIN/DUESSELDORF/HELSINKI/FRANKFURT (Reuters) – Utility group Uniper asked the German government for a bailout on Friday and warned losses could reach 10 billion euros ($10.15 billion) this year, as Moscow’s economic war with Europe claims its biggest corporate casualty yet. Uniper, which has been struggling to cover delivery obligations as...
Frozen or Terminated Bank Accounts: What Can You Do?
Date: July 7, 2022
By Janine, Partner specialising in complex litigation and in particular financial markets disputes, commercial litigation and arbitration and property finance and development/construction disputes Jean-Martin is an Associate in Collyer Bristow’s Commercial disputes team. As the digital economy continues to expand and ongoing developments in fin-tech send money flying around the world with unprecedent speed and...
Lufthansa Staff Call for an End to Cost-Cutting Amid Airport Chaos
Date: July 6, 2022
BERLIN (Reuters) – Lufthansa staff have called on the German flag carrier to end its “cost-cutting craziness”, accusing the airline of mismanagement and contributing to the recent chaos at airports by laying off too many workers. In a letter to the supervisory board seen by Reuters on Wednesday, staff representatives said there are too few...
Grubhub Gets Amazon Investment; Prime Members to Get Fee-Free Food
Date: July 6, 2022
By Toby Sterling and Jeffrey Dastin (Reuters) -Amazon.com Inc has secured the right to buy a 2% stake in Just Eat Takeaway.com’s Grubhub and will offer no-fee access to the service for a year to U.S. Prime members, hoping to boost subscriptions with a renewed push into meal delivery. Announced ahead of Amazon’s July “Prime...
The State of Play of Artificial Intelligence in the Electricity Sector
Date: July 6, 2022
By Tony McCandless, CTO for EMEA, Blue Prism According to the history books, the formal distribution of electricity to power homes and businesses reaches its 140th anniversary in 2022. The electricity industry has evolved and expanded to become one of life’s most important services. But it also faces a unique set of challenges that means it...
Amazon Faces UK Probe Over Suspected Anti-Competitive Practices
Date: July 6, 2022
LONDON (Reuters) -Britain’s antitrust watchdog is investigating Amazon.com Inc on concerns it was hurting competition by giving its own sellers an unfair advantage in its marketplace over third parties, adding to global regulatory scrutiny of the U.S. tech giant. Britain’s Competition and Markets Authority (CMA) said it opened an investigation on Tuesday into whether Amazon’s...