*Spain to ramp up solar, wind power; phase out nuclear and coal. MADRID, July 19- Spanish authorities fear that a speculative rush threatens to hold back the development of renewable energy, saying coveted rights to connect to the national power grid are being secured with the sole aim of selling them on for a profit. Spain plans to ramp up solar and wind energy and...
CHANTILLY, France, July 18- Digital currencies such as Facebook's planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world's financial system, Group of Seven finance ministers and central bankers said on Thursday. Finance Minister Bruno Le Maire of France, which holds the rotating presidency of the...
CHANTILLY, France, July 18- Digital currencies such as Facebook's planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world's financial system, Group of Seven finance ministers and central bankers said on Thursday. Finance Minister Bruno Le Maire of France, which holds the rotating presidency of the...
*Negative headlines boost safe haven debt. LONDON, July 18- Euro zone government bond yields slipped back towards record lows on Thursday as economic indicators and corporate earnings deepened gloom on the global economy and increased bets on interest-rate cuts by major central banks. Sliding Japanese exports, an unexpected rate cut in South Korea, weak...
*UK is Ryanair's largest market. DUBLIN, July 17- Ryanair's British pilot union is to ballot members on possible strike action in coming weeks in a dispute over working conditions, the British Airline Pilots Association announced on Wednesday. But since then it has signed collective labour agreements with a number of pilot unions throughout Europe.
BRUSSELS, July 17- Amazon became the target of an antitrust investigation by the European Union on Wednesday over its use of merchants' data, underlining regulators' increasing focus on how tech companies exploit customer information. The European Commission has been seeking feedback from retailers and manufacturers since September into Amazon's dual...
NEW YORK, July 17- Fifth Wall, a venture capital firm focused on real estate technology, raised $503 million from a group of 50 large U.S., European and Asian property owners who will provide a market for the start-ups and their products it invests in. Fifth Wall invests in companies that will benefit its group of property owners, which include Gecina SA in France,...
The collaboration will focus on a number of areas, including the protection of vulnerable road users.
*Rival Casino has food delivery partnership with Amazon. Carrefour's Glovo partnership will cover four countries- France, Spain, Italy and Argentina- and will start operating by early October at the latest. Glovo, which competes with platforms such as Uber Eats and Deliveroo, said in April that it had raised 150 million euros of new funding.
Changes to apply to sites in Germany, Europe, America and Asia. FRANKFURT, July 17- Amazon has reached a deal with Germany's anti-trust authority to overhaul its terms of service for third-party merchants, taking action to appease regulators as pressure on the e-commerce giant grows in Europe and the United States. The changes will apply not only to Germany,...
*Changes to apply to sites in Germany, Europe, "America and Asia". FRANKFURT, July 17- Amazon has reached a deal with Germany's anti-trust authority to overhaul its terms of service for third-party merchants, who had complained of unfair treatment when selling through the world's biggest online retailer. It added the changes, to take effect in 30 days, would apply not...
DUBAI, July 16- Emirates is to start flights to Mexico with a stopover in Spain, a so-called fifth freedom flight that could anger critics and rival airlines in the United States and Europe. The Dubai state-owned carrier said on Tuesday it would start daily flights to Mexico City International Airport via Barcelona on Dec. 9, the airline's first service to Mexico.
SAO PAULO, July 15- Recently announced plans to foster competition in the Brazilian natural gas market may trigger a wave of privatizations among state-controlled distribution companies, luring international and domestic bidders, experts on the sector say. Brazil's Cosan SA and Spain's Naturgy Energy Group SA, are among the companies potentially...
*FACTBOX- Responses to Iran enrichment plans. *FACTBOX- Curbs imposed by Iran nuclear deal. BRUSSELS, July 15- Britain said on Monday there was a "small window" of time to save the Iran nuclear deal, as Tehran signalled it would ramp up its nuclear programme-- seen by the West as a cover for making atomic bombs-- if Europe failed to do more to salvage the pact.
LONDON, July 15- Britain's major banks have seen a growing number of business customers delay decisions on investments and borrowing in recent weeks, as the probability of a disorderly exit from the European Union inches higher. Britain's banks have largely played up the resilience of businesses since the June 2016 referendum decision to leave the EU, but...
WASHINGTON, July 12- The U.S. President Donald Trump on Wednesday ordered an investigation into the tax, which could lead to the United States imposing new tariffs or other trade restrictions. On Thursday, the French Senate approved the 3% levy that will apply to revenue from digital services earned in France by firms with more than 25 million euros in French...
*Bank-heavy Milan and Marid stocks outperform. The pan-European stocks benchmark rallied earlier in the day on remarks from Fed Chair Jerome Powell but reversed course in late afternoon trading to close 0.1% lower. The White House announced that it was ditching its push for changes to the pharma rebate structure, providing some relief to health insurance...
PARIS, July 11- Strategie Grains cut its monthly forecast for this year's European Union soft wheat harvest by more than 2 million tonnes as it factored in a late-June heatwave in western Europe. "The heatwave that struck West Europe and Poland at the end of June has triggered concerns around yield potentials, particularly for crops on shallow soils," Strategie...
PARIS, July 11- France's Senate gave final approval to a tax on big technology companies on Thursday, potentially opening up a new front in a trade row between Washington and the European Union. The 3% levy will apply to revenue from digital services earned in France by firms with more than 25 million euros in French revenue and 750 million euros worldwide.
PARIS, July 11- France's parliament defied U.S. pressure on Thursday by giving final approval to a tax on big technology companies, potentially opening a new front in a trade row between Washington and the European Union. Finance Minister Philip Hammond has said Britain will unilaterally implement a digital service tax if there is no international agreement...
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