Category: Markets

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Winter diesel shock looms as tanks dry up ahead of sanctions

Winter diesel shock looms as tanks dry up ahead of sanctions

Europe is heading into winter with seasonally low levels of diesel in storage tanks, with major implications for the continent's industries and drive [...]

German regulator calls on Allianz to improve controls – source

Germany's financial watchdog BaFin has called on Allianz (ETR:ALVG) to improve its internal controls following fraud at its U.S. funds unit, a person [...]
China regulator says Alibaba, Tencent have submitted app algorithm details

China regulator says Alibaba, Tencent have submitted app algorithm details

China's top internet watchdog said on Friday tech giants such as Tencent Holdings (HK:0700) and Alibaba (NYSE:BABA) Group have submitted details of al [...]
Mercedes Benz: CATL battery plant in Hungary will help reach production goals

Mercedes Benz: CATL battery plant in Hungary will help reach production goals

Mercedes Benz said the new CATL battery plant in Hungary marked the next milestone towards the German carmaker's goal of reaching battery production c [...]

With Alibaba stake cut, SoftBank’s Son cools toward China tech

SoftBank Group Corp's decision to sell down its Alibaba (NYSE:BABA) Group Holding stake for a $34 billion gain may be aimed at shoring up cash reserve [...]
No more €10 flights, says Ryanair boss Michael O’Leary

No more €10 flights, says Ryanair boss Michael O’Leary

Ryanair (LON:RYA) boss Michael O’Leary has signalled an end to the era of €10 flights, stating that average fares on the Irish budget carrier would ri [...]
Samsung unveils new foldable smartphones, seeking keep lead in growing market

Samsung unveils new foldable smartphones, seeking keep lead in growing market

Samsung Electronics (LON:0593xq) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year's in a [...]

Credit Suisse investor Harris says stake increase reflects reporting change

Credit Suisse (SIX:CSGN) shareholder Harris Associates' increased holding in the Swiss bank reflected an adjustment in how it reports stakes to the U. [...]
Ladbrokes owner Entain to buy Croatia’s SuperSport as profit rises

Ladbrokes owner Entain to buy Croatia’s SuperSport as profit rises

Gambling firm Entain (LON:ENT) said on Thursday it would launch a new venture to drive growth in Central and Eastern Europe markets and purchase Croat [...]
Shell launches sale of North Sea Cambo oil prospect -sources

Shell launches sale of North Sea Cambo oil prospect -sources

Shell (LON:RDSa) has launched a sale process for its 30% stake in the Cambo oil prospect in the British North Sea, potentially paving the way for the [...]
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