LONDON (AP) — Inflation in the United Kingdom slowed slightly last month as a drop in gasoline and diesel fuel prices gave consumers the first glimmer of hope that Britain’s cost-of-living crisis may be beginning to ease. The consumer price index rose 9.9% in the 12 months through August, the Office for National Statistics said…
By Kate Abnett and Tom Käckenhoff BRUSSELS/DUESSELDORF (Reuters) – The European Union’s executive outlined plans on Wednesday for raising more than 140 billion euros ($140 billion) to cope with an energy crisis that has increased the prospect of winter fuel rationing, corporate insolvencies and economic recession. European gas prices have rocketed this year as Russia…
BERLIN/ZURICH (Reuters) -Logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Lufthansa to 17.5%, Kuehne Holding said on Wednesday, after the German government sold all its remaining shares in the airline. “This underlines Kuehne Holding’s positive view of the company,” Kuehne Holding added in a statement to Reuters. The German government said on Tuesday it…
By Rowena Edwards LONDON (Reuters) -Oil prices stabilised on Wednesday, after dropping by more than $1 earlier in the session, following signs of bullish demand in an International Energy Agency (IEA) report. Brent crude futures rose 8 cents, or 0.09%, to $93.25 a barrel by 0933 GMT. U.S. West Texas Intermediate crude was at $87.35…
By Foo Yun Chee LUXEMBOURG (Reuters) -Alphabet unit Google on Wednesday suffered its second setback in less than a year as Europe’s top court agreed with EU antitrust regulators that it had abused its dominance but trimmed the fine by 5% because of a disagreement on one point. Google lost its challenge to a 2.42…
SEOUL, South Korea (AP) — South Korea’s privacy watchdog has fined Google and Meta a combined 100 billion won ($72 million) for tracking consumers’ online behavior without their consent and using their data for targeted advertisements. South Korea’s Personal Information and Protection Commission said it fined Google 69.2 billion won ($50 million) and Meta 30.8…
ABUJA, Nigeria (AP) — With monkeypox cases subsiding in Europe and parts of North America, many scientists say now is the time to prioritize stopping the virus in Africa. In July, the U.N. health agency designated monkeypox as a global emergency and appealed to the world to support African countries so that the catastrophic vaccine…
BRUSSELS (AP) — A top European Union official unveiled a plan Wednesday to cap the revenue of electricity producers that are making extraordinary profits because of the effects of Russia’s war in Ukraine and climate change, saying the proposal could raise $140 billion to help people hit by spiraling energy prices. It’s one of several…
LONDON (AP) — A top court largely rejected Google’s appeal of a record European Union antitrust fine imposed for throttling competition and reducing consumer choice through the dominance of its mobile Android operating system. It marks another win for EU regulators taking a global lead in controlling the power of big tech companies. The European…
By Kate Abnett BRUSSELS (Reuters) -The European Union will propose measures to cap revenues from low-cost electricity generators and force fossil fuel firms to share the profits they make from soaring energy prices, European Commission President Ursula von der Leyen said on Wednesday. European governments have ploughed hundreds of billions of euros into tax cuts,…
