Uncategorized – Page 6 – Prologue Journal

ECB haunted by bond buys in Swedish property crisis

Reuters Reuters was first to report a debt crunch at Swedish property group SBB has left the European Central Bank at risk of losses and highlighted the 26 billion euro ($29 billion) exposure it built up to Europe’s now stricken real estate sector through its crisis-era bond buying. The post ECB haunted by bond buys…

Four banks quit initiative assessing climate targets

Reuters Reuters was first to report that Four major banks, including Standard Chartered Plc (STAN.L) and HSBC Plc (HSBA.L), have quit a United Nations-backed initiative to scrutinise climate targets set by corporations. The post Four banks quit initiative assessing climate targets appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/four-banks-quit-initiative-assessing-climate-targets/

Meta Platforms’ paid ad-free service targeted in Austrian privacy complaint

Reuters Reuters was first to report Meta Platforms’ (META.O) paid no-ads subscription service launched in Europe this month faced one of its biggest tests as advocacy group NOYB on Tuesday filed a complaint with an Austrian regulator, saying that it amounted to paying a fee to ensure privacy. The post Meta Platforms’ paid ad-free service…

Barclays working on $1.25 bln cost plan, could cut up to 2,000 jobs

Reuters Reuters was first to report that Barclays (BARC.L) is working on plans to save up to 1 billion pounds ($1.25 billion), which could involve cutting as many as 2,000 jobs, mainly in the British bank’s back office. The post Barclays working on $1.25 bln cost plan, could cut up to 2,000 jobs appeared first on…

Ukraine fuel stations face LPG shortages as Polish supplies blocked

Reuters Reuters was first to report that The ongoing blockade of Ukrainian border crossings by Polish drivers has led to a sharp drop in deliveries of motor vehicle gas (LPG) to Ukrainian petrol stations, many of which are experiencing fuel shortages. The post Ukraine fuel stations face LPG shortages as Polish supplies blocked appeared first…

Amazon to win unconditional EU nod for iRobot deal

Reuters Reuters exclusively reported that Amazon (AMZN.O) is set to win unconditional EU antitrust approval for its $1.4 billion acquisition of robot vacuum maker iRobot (IRBT.O). Antitrust enforcers around the world have stepped up scrutiny of Big Tech acquiring smaller rivals, concerned about the accumulation of troves of data by a few companies and big players leveraging their…

Germany, France and Italy reach agreement on future AI regulation

Reuters Reuters exclusively reported that France, Germany and Italy have reached an agreement on how artificial intelligence should be regulated. The post Germany, France and Italy reach agreement on future AI regulation appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/germany-france-and-italy-reach-agreement-on-future-ai-regulation/

Barclays explores deal for Tesco banking business

Reuters Reuters was first to report that Barclays (BARC.L) has been exploring a potential acquisition of Tesco’s (TSCO.L) banking operations. The post Barclays explores deal for Tesco banking business appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/barclays-explores-deal-for-tesco-banking-business/

German court ruling could hit growth next year

Reuters Reuters exclusively reported that a German court ruling that forced Berlin to freeze 60 billion euros ($65 billion) in planned green investment spending could have a negative impact on growth in Europe’s biggest economy. The post German court ruling could hit growth next year appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/german-court-ruling-could-hit-growth-next-year/

Lilly to build $2.5 billion Germany plant as obesity drug demand soars

Reuters Reuters exclusively reported that Eli Lilly (LLY.N) will build its first plant in Germany in the western town of Alzey for 2.3 billion euros ($2.5 billion), the U.S. drugmaker said on Friday, as the sector scrambles to meet soaring demand for new diabetes and obesity therapies. The post Lilly to build $2.5 billion Germany…