Aircraft engine manufacturer MTU Aero Engines (ETR:MTXGn) has increased in 2022 the net profit to 333 million euros, 44% more than a year earlier, due to revenues in maintenance of commercial aircraft. MTU Aero Engines reported today that operating profit before special items improved in the same period to €655 million (+40%), while turnover rose …
The FCC group (BME:FCC), through its construction division, has been awarded two railway contracts in Romania tendered by the National Railway Company (CFR) totaling more than €800 million. The projects are limited to the Lugoj-Timisoara Est and Alesd-Poieni sections, which have 42 months of execution including six months of design, as indicated to the company. …
The tourist group TUI (ETR:TUIGn) lost €256.1 million in its first quarter of 2023, 33.4% less than a year earlier, and wants to repay more state aid with a capital increase. TUI reported on Tuesday that in the first quarter of the year, which began in October, it invoiced almost 3,750.5 million euros, 58.3% more …
The Spanish stock market rises 0.38% after the opening of this Tuesday supported by the significant revaluation of Telefónica (BME:TEF), and despite the negative trend of the entire financial sector, on a day in which the focus is the publication of US inflation. At 9.15 a.m. IBEX 35, the main Spanish selective, reaches 9,245.50 points …
European markets could open the session in negative, judging by the movement of futures at this time. The future of the Dax quotes flat, the future of the Cac 40 is left 0.1% and the future of the Ibex 35 It loses 0.1% at the moment. Wall Street closed yesterday in the green. This Tuesday …
Spain’s main stock index extended gains from the previous day on Tuesday amid heightened attention to U.S. inflation data that will reflect the effectiveness of the current tightening cycle. The US Bureau of Labor Statistics will release on Tuesday (1330 GMT) the data of the consumer price index (CPI) for January, which will show the …
Many feared that recessionary pressures would dampen travel demand, but the results of airlines such as Ryanair (LON:RYA), Wizz Air (LON:WIZZ) and easyJet (LON:EZJ) showed promising momentum and indicate that consumers are preparing for their holidays. TUI Group, one of the world’s largest tour operators, said its revenue in the first quarter reached 3.800 billion …
Cathie Wood is one of the most recognized and respected analysts of the Wall Street environment. The expert recently said that a good future holds for Bitcoin and that in the coming years its price would take off significantly. Wall Street guru Cathie Wood has been characterized as a loyal cryptocurrency enthusiast, as she even …
European stock markets opened higher on Monday ahead of U.S. inflation data forecast for Tuesday, while property values fell after disappointing quarterly results from Sweden’s Castellum. The pan-European index STOXX 600 It advanced 0.2%, after registering its first weekly fall in three sessions on Friday. Stockholm-listed Castellum lost 5.8 percent after announcing plans to raise …
The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, closed today with losses of 0.12% in a session marked by the decline in real estate values. The selective yielded 26 points to 21,164.42, while the index that measures the behavior of mainland Chinese companies listed on the Hong Kong parquet, the Hang …
Spain’s stock index Ibex-35 It opened on Friday with a slight rebound and tried to maintain 9,100 points after the blow of the previous session, while waiting for a indicator of inflation in the United States that if higher than expected could derail hopes of a near end to monetary tightening. “(…) some moderation is …
The check of 200 euros for vulnerable families can be requested from this Wednesday, February 15 and until March 31 through the website of the Tax Agency (AEAT), according to the information offered by the AEAT. The aid, approved in the latest package of measures to alleviate the effects of the war in Ukraine, will …
The stock markets will focus this week on December Industrial Production, employment, and GDP in the last quarter of 2022 in the euro area, but undoubtedly the most relevant data will be that of the CPI of the US and Spain, as well as France and the United Kingdom, with a scenario of possible continuity …
The Government of Catalonia has received a new proposal to expand the airport of El Prat in which the construction of a runway over the sea, one mile from the coast, 3,400 meters long, which would involve the investment of about 2,100 million euros. Sources from the Department of Territory have confirmed to EFE that, …
The Cosentino Group is preparing its IPO this year, an operation in which the company’s valuation may exceed 3,000 million euros and in which a conviction has been crossed against the president of the multinational for five cases of silicosis in a marble factory in Vigo. For the operation Cosentino has hired the services of …
Despite the fact that the cryptocurrency market is going through a cold winter after the collapse of recent months, the United Kingdom accelerates plans to take advantage of its regulatory independence after Brexit and turn the City of London into a global hub for crypto assets. The so-called Edinburgh Reform, the British Government’s roadmap to …
Spain’s stock index Ibex-35 It broke a three-session streak on Friday as markets are increasingly apprehensive about the aggressive messages recently issued by central banks. Pending the CPI in the United States, which will be released next Tuesday, investors are watching for data related to inflation and economic activity in general, following a US jobs …
Japan’s Honda Motor (TYO:7267Co on Friday posted a better-than-expected 22% increase in third-quarter operating profit as a weak yen helped offset rising raw material costs and lower vehicle production and sales due to a shortage of chip supply. Operating profit for the three months to Dec. 31 was 280.400 billion yen ($2.130 billion). This contrasts …
European markets could open the session in negative, judging by the movement of futures at this time. The future of the Dax falls by 0.7%, the future of the Cac 40 is left 0.1% and the future of the Ibex 35 It loses 0.1% at the moment. Wall Street closed in the red yesterday. This …
Intel Corp (NASDAQ:INTC) is considering a significant increase from its current $1.500 billion investment in Vietnam to expand its chip testing and packaging plant in the Southeast Asian nation, two sources familiar with the matter told Reuters. The potential investment, which one of the sources said could be around $1 billion, would bolster Vietnam’s growing …
Algeria regained its position as Spain’s top natural gas supplier in January, contributing a quarter of monthly demand, gas network operator Enagás (BME) reported on Thursday. Although the North African country was the one that sent the most gas monthly to Spain since Enagás began recording data in 2006, in January 2022 it fell to …
Britain’s financial regulator is investigating Barclays (LON:BARCPLC for alleged failures in its compliance and anti-money laundering systems, the Financial Times newspaper reported on Friday. Britain’s Financial Conduct Authority (FCA) last year called for an independent review of Barclay’s systems after finding a number of anti-money laundering incidents, the newspaper reported, citing people familiar with the …
Spanish insurer Mapfre said Thursday that its net profit fell 16% in 2022 mainly due to high global inflation, as well as severe natural catastrophes in Puerto Rico, Brazil and Paraguay. The company’s net profit stood at 642.1 million euros ($688.84 million), down from 765.2 million euros recorded in 2021. Mapfre said the drought in the …
Credit Suisse (SIX:CSGNGroup on Thursday reported its biggest annual losses since the 2008 global financial crisis, battered by scandals and major withdrawals from unprecedented client outflows. Switzerland’s second-largest bank posted a fourth-quarter net loss of 1.390 billion Swiss francs ($1.510 billion), in line with the average forecast of analysts surveyed by the bank itself. The …
Twitter (NYSE:TWTR), owned by Elon Musk, has fallen behind Alphabet’s Google (NASDAQ:GOOGL), Meta (NASDAQ:GOAL) Platforms, Microsoft (NASDAQ:MSFT) and TikTok in the fight against disinformation in the last six months, the European Commission said on Thursday, urging Twitter to redouble its efforts. Companies on Thursday submitted progress reports on compliance over the past six months with …
ArcelorMittal profit (BME:MTS) South Africa for the year as a whole fell by 62% due to weak prices in the steel and demand, at a time when costs were increased by significant increases in the prices of key inputs such as charcoal, the company said Thursday. The South African subsidiary of Luxembourg’s ArcelorMittal, the world’s …
Spain’s main stock index rose slightly at the opening of Thursday and touched its highest level in three years, buoyed by lower-than-expected German inflation data, despite a backdrop of uncertainty over the interest rate outlook. Analysts of the brokerage house Renta 4 (BME:RTA4) noted that markets remain “closely watching macro data in order to determine …
South Korea’s antitrust regulator said on Thursday it will impose a combined fine of 42.300 billion won ($33.48 million) on three German automakers for agreeing to curb emissions-cleaning technology in their diesel vehicles. Mercedes-Benz, BMW (ETR:BMWG), Volkswagen (ETR:VOWG_p) and Audi (F:NSUG) engaged in collusion that reduced competition and restricted consumer choice, the Korea Fair Trade …
Walt Disney (NYSE:DISCo on Wednesday announced a sweeping restructuring under Bob Iger, who recently returned to the company, cutting 7,000 jobs as part of an effort to save $5.500 billion in costs and make its streaming business profitable. The layoffs represent approximately 3.6% of Disney’s global workforce. The company’s shares rose 4.7 percent to $117.22 …
Robinhood’s board of directors has approved a plan to buy back the $578 million stake in its company that former FTX CEO Sam Bankman-Fried and his colleague, Gary Wang, bought last year. Robinhood confirmed it obtained board approval to buy back the stake in its fourth-quarter report, released Feb. 8. “Our Board authorized us to …
Japanese vehicle manufacturer Toyota Motor (TYO:7203) posted a net profit of 1.96 trillion yen (about 13.930 billion euros) between April and December, the first nine months of its fiscal year, down 18% year-on-year. Profit before interest and taxes (ebit) contracted by 11.4%, to 2.87 trillion yen (20.350 billion euros) and its operating profit fell by …
Crédit Agricole (EPA:CAGR) had 8,144 million euros of profits last year, a fall of 10.5% compared to 2021 that the French bank partly attributed to several non-recurring items. In the statement presenting its results, Crédit Agricole said that its 2021 accounts had integrated 473 million euros of exceptional items, and that if it is removed …
Today we will be watching the economic forecasts of the European Union. Some data that could serve the European Central Bank (ECB) for its monetary policy strategy. The business earnings season continues. The petroleum It trades with volatility. Cryptocurrencies move with falls this morning. Here are the five factors that investors should consider today when …
The Spanish stock market opened this Wednesday with advances of 0.57% and has recovered 9,200 points, after a positive close on Wall Street, after a speech by the chairman of the US Federal Reserve (Fed), Jerome Powell, on monetary policy that was less harsh than expected. At the start of the session, the IBEX 35, …
Equinor posted a record profit of $74.900 billion in 2022 on Wednesday, more than double its previous record, thanks to rising gas prices and fourth-quarter results beating analysts’ expectations. The adjusted operating result of the producer of petroleum and gas for October-December rose to $15.100 billion, from $15 billion a year earlier, surpassing the $000.14 …
The main indicator of the Seoul Stock Exchange, the Kospi, rose 1.3% on Wednesday after comments from US Federal Reserve Chairman Jerome Powell that inflation has begun to soften. The South Korean benchmark gained 31.93 points to 2,483.64, while the technology index Kosdaq It gained 9.92 points, or 0.91%, to 1,095.2 points. On Tuesday, Powell …
The French banking group Société Générale (EPA:SOGN) today announced a net profit of €2,018 million in 2022, down 64% from the previous year, due to the impact of the hasty sale of its operations in Russia. The entity had obtained a record profit of 2021,5 million euros in 641. Société Générale highlighted in a statement …
Grenergy has closed an agreement for the financing with a green loan worth 89.5 million euros of a solar park located in the province of Cuenca of 150 MW. The agreement has been reached with Bankinter (BME:BKT) and the Norddeutsche Landesbank Girozentrale bank and also includes other complementary credit lines for the construction and development …
The main index of the Tokyo Stock Exchange, the Nikkei, fell 0.29% on Wednesday as investors were disappointed by worse-than-expected financial results among major domestic companies. The Nikkei, which groups the 225 most representative titles of the market, fell 79.01 points, to 27,606.46 integers. On the other hand, the broader selective Topix, which includes the …
Wuhan, in central China, became the first major Chinese city to ease the limit of residential properties a family can buy, a move aimed at trying to revive activity in the Asian giant’s battered real estate market, local media reported today. The authorities of the city, capital of the province of Hubei and eighth locality …
The global GameFi market grew tremendously in popularity during the COVID-19 pandemic. That boom has skyrocketed since global lockdowns have eased, to the point that experts predict that the blockchain gaming market will go from $4.600 billion to $65.700 billion by 2027, an annual growth rate of more than 70%. Crypto gaming investors have quickly …
U.S. stocks point to an opening with no major changes on Tuesday, aimless ahead of an expected speech by Federal Reserve Chairman Jerome Powell and more business results. At 13:00 (CET), the contract of Dow futures fell 30 points, or 0.1%, while S&P 500 futures are up 4 points, or 0.1%, and Nasdaq 100 futures …
“As of February 8, we will temporarily suspend all bank transfers in dollars. Only a small portion of our users will be affected by this and we are working hard to restart the service as soon as possible. All other methods of buying and selling cryptocurrencies will not be affected.” This has been announced by …
Intense week with markets quoting central bank rate decisions. Investing.com Spain intervened yesterday in the online program of finance and markets Krolus TV. Laura Sánchez, editor-in-chief of Investing.com Spain, participated in the program presented and hosted by José Basagoiti to analyze the current situation of the financial markets. 1. Powell’s speechAfter Friday’s successful U.S. jobs …
CFA Institute, the global association of investment professionals, presents an objective review of the development of digital finance. The report sets out recommendations for institutional investors and regulators. For CFA Institute, crypto assets need a stable and organized regulatory framework that protects investors. Without it, cryptocurrencies will not be in a position to gain mainstream …
Acciona (BME:ANNAEnergy has signed a new power purchase agreement (PPA) with Fortia, the energy management platform for large industrial consumers, for the supply of all the energy generated in six wind farms over the next 10 years. The supply, which will amount to 254 GWh per year and will contribute to the supply of the …
A Madrid court cut the compensation awarded to Italian banker Andrea Orcel last year by €8 million to 43.4 million euros ($46.75 million) after Santander (BME:SAINT) withdrew his bid to make him CEO, a court document showed. However, the court considered Santander’s letter with the offer to Orcel as a binding contract, according to the …
Nissan and Renault (EPA:RENADetails of their redesigned alliance on Monday unveiled details of their redesigned alliance, in which the Japanese automaker pledges to buy a stake of up to 15 percent in Renault’s electric vehicle (EV) unit, Ampere. The junior alliance partner, Mitsubishi Motors (TYO:7211), will also consider investing in Ampere, which Renault intends to …
The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, fell 2.02% today on renewed tensions between China and the US, which increased investors’ fears of new US sanctions on Chinese firms, especially in the technology sector. The selective yielded 438.31 points to 21,222.16, while the index that measures the behavior of mainland …
Bankinter (BME:BKT) has put up for sale on Monday an issue of perpetual securities eventually convertible into new shares of the bank, the so-called “coconuts”, for an amount of up to 300 million euros. As reported by the entity to the supervisor of the Spanish stock market, the CNMV, the securities will be issued without …
The Ministry of Agriculture, Fisheries and Food (MAPA) has extended until April 7 the call for owners of agricultural and fishing farms to request bonuses in obtaining guarantees from the State Limited Company of Agrarian Surety (Saeca). In a statement, the Department recalled that the initial call for these subsidies is included in the Royal …
56,7% of the shareholders of ACS (BME:ACS) has chosen to receive the dividend of EUR 0.48 in new shares of the company, while 43.3% preferred to receive it in cash. On the occasion of the second execution of its flexible dividend, ACS has allocated 59 million euros to acquire 123 million rights to shareholders who …
European markets could open the session in negative, judging by the movement of futures at this time. The future of the Dax falls by 0.4%, the future of the Cac 40 0.5% is left and the future of the Ibex 35 It loses 0.1% at the moment. This Monday we will be attentive to the …
Dell Technologies Inc will cut about 6,650 jobs, or about 5 percent of its global workforce, weighed down by falling demand for its personal computers, Bloomberg News reported on Monday. The company is experiencing market conditions that “continue to erode with an uncertain future,” co-chief operating officer Jeff Clarke wrote in a memo to employees, …
European stock markets fell on Monday, led by losses in Aurubis (ETR:NAFG) AG, the largest producer of copper of the continent, while the fear that the cycle of global rate hikes could persist for longer keeps investors on tenterhooks. The pan-European index STOXX 600 It lost 0.4 percent at 0815 GMT after two straight weeks …
With a share already close to 10%, the Portuguese giant Delta Cafés wants to continue growing in Spain with more presence in direct sales to the consumer and new innovations, to further boost its largest international market. “Spain already has 40% of the total of what we export from Portugal,” explains to EFE during a …
After the charcoal And crude oil comes diesel. The ban on importing that hydrocarbon and other petroleum products from Russia comes into force this Sunday in the European Union and is added to the sanctions mechanism for the invasion of Ukraine that seeks to financially suffocate the Kremlin. “We anticipate that we will be ready …
The Hotusa Group expects to grow in 2023 above 10% in turnover and ebitda after closing last year with an increase of 1.5% in its sales compared to 2019, when its consolidated revenues were 1,269 million euros, as explained in an interview with EFE by its president, Amancio López. While waiting for the final data …
The president of the Xunta, Alfonso Rueda, has sent a letter to the Minister of Transport, Raquel Sánchez, in which he asks to have as soon as possible seven Avril trains, which currently manufactures the firm Talgo (BME:TLGO), for high-speed rail transport from Madrid to A Coruña and Vigo. In the letter, dated January 31 …
The Public Treasury will issue next Tuesday between 4,500 and 5,500 million euros in an auction of six- and twelve-month bills, according to sources in this department. In the previous auction held of this type of bills in mid-January, the Treasury placed almost 4,900 million of these securities. On that occasion he raised the interest …
The draft reform of the pension system of French President Emmanuel Macron arrives this Monday at the National Assembly amid enormous political and social tension, with two new days of union mobilization on the horizon. The Executive must seek in the chambers the majority that Macron’s party does not have to move forward with a …
The president of the SEAT works council, Matías Carnero, has asked the Volkswagen group (ETR:VOWG_p) that the production of Seat models be increased to give an outlet to the accumulated demand and thus stop “penalizing” this historic brand against the Cupra brand. In statements to EFE, Carnero has assured that the time has come to …
Markets will be watching this week for the University of Michigan Investor Confidence in the Eurozone (Sentix) and Consumer Confidence indices in the US, as well as industrial production data for Germany, Spain, Italy and the United Kingdom for December. After a week in which attention has been marked by central bank meetings and interest …
Barcelona closed 2022 with a hotel investment of 229 million, compared to the 721 million registered in the previous year, which represents a fall of 68%, which has been due to the fact that 2021 was “exceptional” due to the crisis caused by the pandemic and that many operations have been waiting for prices to …
Nestle will have to continue to raise the prices of its food products this year to compensate for higher production costs that have not yet been fully passed on to consumers, its chief executive, Mark Schneider (EPA), told a German newspaper:SCHN). The increases won’t be as steep as in 2022, but “we have to catch …
The purchase of Air Europa by Iberia faces two decisive months, in which the preferential right of negotiation that the second has expires, whose president, Javier Sánchez-Prieto, has set that date to close a process that has been open for more than three years. After the reduction of the initial price of 1,000 million in …
The labour market faces a stress test in 2023 in a context of slowing growth in which it will be seen if the paradigm shift of the labour reform consolidates, after a positive 2022 in which it has returned to the level of employment prior to the financial crisis of 2008. At the moment the …
The president of Venezuela, Nicolás Maduro, reiterated on Friday his proposal to create a binational commercial zone with total commercial freedom between the border territories formed by the department of Norte de Santander (BME:SAINT), in the Andean country, and the state of Táchira, in the Caribbean nation. “In the economic field, we have to think …
The airline Viva announced on Friday the cancellation of three routes that depart from the Colombian city of Cali and are destined for the Caribbean Cartagena de Indias, Santa Marta and San Andrés, due to the “complex reality” that this low-cost company lives. “We regret to inform the operational closure of the Cali base and …
A federal jury in San Francisco (USA) declared on Friday the businessman Elon Musk not responsible for the alleged millionaire losses that several investors attributed to his tweets of 2018 in which he said he had enough funds to take the company out of the stock market, something that never happened. The jury of nine …
The former president of Brazil Jair Bolsonaro said Friday in Miami that “the north of a country is marked by the economy” and does not feel “optimistic” about the Brazilian economic future due to the measures taken by the Government of President Luis Inácio Lula da Silva in his first month in power. Bolsonaro spoke …
Tata’s chief financial officer told Reuters last month that the carmaker was considering building plants in India and Europe to produce EV batteries. Its aim in Europe would be to supply batteries to its luxury subsidiary Jaguar Land Rover, which has production facilities in Britain and Slovakia. The company told the Spanish government after negotiations …
U.S. stock futures point to a lower opening on Friday as traders digest a series of pessimistic results from technology heavyweights and await the release of key U.S. labor market data. At 12:35 (CET), the S&P 500 futures down 36 points or 0.86% and Nasdaq 100 futures, loaded with technology, are left 195 points or …
European markets tense this Friday Ibex 35, CAC 40, DAX…-, after a frantic week of central banks and corporate results. “We consider normal and, even healthy, the fact that these markets take a breather, something that we do not think should surprise much, especially after the great performance they have been maintaining since the beginning …
Rising global stock markets, buoyed by hopes central banks will end aggressive interest rate hikes, hit headwinds on Friday after weak profits from U.S. tech giants and ahead of key U.S. jobs data. MSCI’s world equity index fell 0.2 percent but remained near its highest level since August after a sharp rally in recent weeks …
Spain’s Caixabank expects rising interest rates to boost its borrowing income by about 30 percent this year, it said on Friday after posting better-than-expected quarterly and annual results, sending its shares up about 3 percent. Spain’s largest national bank said its net profit last year rose 29.7% on a like-for-like basis to 3.150 billion euros …
European markets could open the session positive, judging by the movement of futures at this time. The future of the Dax up 0.6%, the future of the Cac 40 quotes flat and the future of the Ibex 35 It earns 0.6% right now. Wall Street closed green yesterday. The minutes of the Fed’s last meeting …
Deutsche Bank, the first private bank in Germany, obtained in 2022 a net attributable profit of 5,025 million euros, 159% more than in 2021 and the highest result for fifteen years, despite the increase in provisions and positive tax effects. Deutsche Bank reported on Thursday that last year it had net income of 27,210 million …
Japan’s Sony Group Corp on Thursday raised its full-year profit forecasts by 1.7 percent, thanks to strong results from its PlayStation gaming unit, but fell short of analysts’ estimates. The electronics and entertainment giant also said its chief financial officer, Hiroki Totoki, will become president and chief operating officer effective April 1, retaining his current …
Spain’s stock market opened on Thursday with a rally to its highest levels in 15 months as markets welcomed comments from the Federal Reserve that point to a near end to the tightening cycle of financial conditions in the United States. The Fed raised its benchmark interest rate by a quarter of a percentage point, …
Shell said on Thursday it posted a record profit of $40 billion in 2022, capping a tumultuous year in which Russia’s invasion of Ukraine allowed the energy giant to distribute shareholders unprecedented returns. The British company’s record annual profits, which doubled from a year earlier, are in line with those reported by its U.S. competitors …
Siemens Gamesa lost 884 million euros in the first quarter of its fiscal year 2023 (October to December), doubling the 403 million it had lost in the same period of 2022, affected by the failures detected in the monitoring of its installed fleet of wind turbines. The wind turbine manufacturer has informed the National Securities …
Owing to the fluctuations in the economy and the rise of inflation worldwide, it has become crucial for corporations to have a strong hold on their finances. Lack of control may backfire on the company’s growth and also disturb their finances by leaps and bounds. These days, companies face more challenges from better-developed and well-funded …
Do you need monetary help to kickstart your business? Are you falling for lack of funds? Have you applied to different places for the loan but in vain? Do you want to expand your current business operations but do not have enough funds? If yes is the answer to the above-listed questions, you can opt …
Nissan and Renault are about to undertake a sweeping overhaul of their global auto alliance as their top executives meet on Thursday to try to readjust the two-decade-old alliance and chart the course for an uncertain future in the power sector. The leaders of Nissan Motor (TYO:7201) Co Ltd and Renault SA (EPA:RENA) will meet …
The Ibex-35 It ended Wednesday’s session with a slight decline, after a bullish streak that brings the Spanish stock market index closer to its best monthly performance in more than two years, in a context of relative optimism about the next steps of the big central banks. “(This is) healthy profit-taking after the strong rise …
An index of global stock markets fell from five-month highs on Wednesday and U.S. Treasuries rose as corporate results stoked recession fears, overshadowing recent optimism that the Federal Reserve could soon reverse its aggressive monetary tightening. The bleak outlook for Microsoft Corp (NASDAQ:MSFT) published yesterday point to a bleaker future for the technology sector, after …
The United States has determined that some Chinese companies are providing non-lethal aid to Russia for use in the Ukraine war and authorities are conveying their concerns to the Chinese government, a source familiar with the matter said on Tuesday. The source, who spoke on condition of anonymity, said: “What we are seeing is non-lethal …
European stock markets fell on Tuesday as improving economic activity in the euro zone fuelled speculation that the European Central Bank may have more room to raise interest rates to curb inflation. The pan-European index STOXX 600 It lost 0.2% but closed far from its session lows. Data showed euro zone business activity surprisingly returned …
The U.S. Justice Department filed a lawsuit on Tuesday against Alphabet’s Google, for alleged abuse of dominant position in the digital advertising business, according to a court document. “Google has used anti-competitive, exclusionary and illegal means to remove or severely reduce any threat to its dominance over digital advertising technologies,” the government states in its …