By Foo Yun Chee BRUSSELS (Reuters) – Alphabet unit Google will face damages claims for up to 25 billion euros ($25.4 billion) over its digital advertising practices in two suits to be filed in British and Dutch courts in the coming weeks by a law firm on behalf of publishers. Google’s adtech has recently drawn…
BRATISLAVA, Slovakia (AP) — Slovakia’s president on Tuesday swore in new ministers who replaced their predecessors from a junior coalition partner that withdrew from the governing four-party coalition, leaving Prime Minister Eduard Heger without a parliamentary majority. The appointment came after President Zuzana Caputova accepted the resignation of all four ministers from the liberal Freedom…
NEW YORK (AP) — Bill Gates says the global hunger crisis is so immense that food aid cannot fully address the problem. What’s also needed, Gates argues, are the kinds of innovations in farming technology that he has long funded to try to reverse the crisis documented in a report released Tuesday by The Bill…
LONDON (AP) — There are fridge magnets, tea sets and flags. And of course mugs, T-shirts and sweatshirts with the face of Queen Elizabeth II that are inscribed with the dates of her 70-year reign: 1952-2022. Just days after the death of Britain’s longest-serving monarch, unofficial souvenirs have rolled out at royal-themed gift shops in…
FRANKFURT (Reuters) – Bayer’s supervisory board has initiated a search for a successor to Chief Executive Werner Baumann, who has said he would not seek a renewal of his contract that expires in 2024, Bloomberg reported on Tuesday. Non-executive Chairman Norbert Winkeljohann is looking into internal and external candidates with the goal of presenting a…
By Jonathan Cable LONDON (Reuters) – The Bank of England looks set to hike borrowing costs by another 50 basis points next week, although it may opt for an even bigger move, a Reuters poll found, adding to the woes of indebted households already facing a cost of living crisis. That is despite some inflation…
(Reuters) -Peloton Interactive Inc co-founders John Foley and Hisao Kushi are stepping down from their executive roles, at a time the troubled exercise bike maker is undergoing massive changes to trim losses and win back investor confidence. “It is time for me to start a new professional chapter,” said Foley, who was replaced earlier this…
By Hadeel Al Sayegh DUBAI (Reuters) – Bank of America (BofA) is moving some of its Russia-based bankers to Dubai, two sources told Reuters, following a move by several Western banks this year to relocate staff in the wake of the Russia-Ukraine war. BofA has moved some of its staff recently and is in the…
ZURICH (Reuters) -UBS Group plans to increase its dividend by 10% and expects 2022 share repurchases to exceed its $5 billion goal, the Swiss bank said, boosting payouts from its strong balance sheet after scrapping a $1.4 billion deal to buy Wealthfront. “UBS will adjust its accrual for the 2022 ordinary dividend from $0.51 to…
(Reuters) -Tonic maker Fevertree reported a fall in profit for the first half of the year despite strong demand in Europe and the U.S., as inflationary pressures and continued exposure to Trans-Atlantic freight costs bit into earnings. The London-based company also said availability of glass will be restricted in the second half the year and…
