Funds from electricity levy could help German households, says renewables association
BERLIN – A multi-billion-euro account fed by a now-suspended surcharge on electricity prices could be used to provide German hou..
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Global equity funds see large outflows on slowdown worries
(Reuters) – Global equity funds witnessed their biggest weekly capital withdrawals in five weeks in the week to Aug. 24 on conce..
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Heavy Norwegian gas maintenance adds to energy price pressure
By Nora Buli OSLO (Reuters) – Norway, which has overtaken Russia as the biggest gas supplier to Europe in the wake of the war in..
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European stocks slip on dour German sentiment survey ahead of Powell speech
By Anisha Sircar (Reuters) -European shares slipped on Friday as investors fretted over downbeat German consumer sentiment data due to..
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Thousands of British postal workers walk out over pay
LONDON (Reuters) – More than 115,000 workers at Britain’s Royal Mail began the first of four days of strike action on Frid..
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Factbox-How far are UK energy bills set to rise and what help are consumers getting?
LONDON (Reuters) – Britain’s energy regulator Ofgem said on Friday the cap on domestic energy prices would rise to 3,549 p..
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FTSE 100 extends gains, Micro Focus soars on buyout deal
By Johann M Cherian and Sruthi Shankar (Reuters) -UK’s blue-chip index rose for a second straight day on Friday on gains in comm..
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Russian rouble opens flat, sticks to 60-mark against U.S. dollar
(Reuters) – The Russian rouble opened flat in trading on Friday as month-end tax payments by exporters helped keep the currency ..
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Sentiment among German exporters falls for third month in a row -Ifo
BERLIN (Reuters) – Sentiment among German exporters fell for the third month in a row in August as high gas prices and a weak gl..
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New UK PM will need to take urgent action on energy bills – Ofgem CEO
LONDON (Reuters) – Britain’s new prime minister will need to act urgently to address the issue of soaring energy prices, t..
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UK’s Micro Focus shares nearly double after Canada’s OpenText agrees $6 billion takeover
By Eva Mathews and Krystal Hu (Reuters) -Shares of Micro Focus soared more than 90% on Friday after Canadian software company OpenText..
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Most of BP’s Whiting refinery units shut following fire -sources
HOUSTON (Reuters) -Most of the units at BP Plc’s 435,000 barrel-per-day Whiting, Indiana, refinery were out of production on Thursday ..
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Decision to end ECB reinvestments takes back seat to rate hikes, sources say
By Balazs Koranyi JACKSON HOLE, Wyo. (Reuters) – The European Central Bank could soon start talks on ending reinvestments of cas..
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Carlsberg’s Poland unit could stop production; lack of CO2 threatens food industry
GDANSK (Reuters) -Danish brewery Carlsberg’s subsidiary in Poland could cut or halt beer production due to a lack of carbon diox..
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Celonis Secures $1 Billion to Help Customers Fight Economic and Supply Chain Challenges with Process Improvements
Includes a $400 Million Series D Extension and a Historic $600 Million Credit Facility Investment Based on Celonis’ Unique Po..
Business
Rising inflation has impacted 95% of UK SMEs, with post-pandemic staffing challenges taking a heavy toll
In a study conducted for NatWest’s Mentor by OnePoll, the extent of current hardships and emerging concerns faced by the UK’s S..
Finance
Gender diversity in fintech: Making a difference from the inside out
By Rosie McConnell, Head of Product at IFX Payments The Fintech industry is often admired for its unmatched level of grow..
Technology
NICE Actimize SURVEIL-X Markets Surveillance Cloud Solution Selected by Olivetree Financial to Monitor Market Abuse and Support Multiple Asset Classes
August 23rd, 2022 Hoboken, N.J., August 23, 2022 – NICE Actimize, a NICE (NASDAQ: NICE) business, today announced that Olivetre..
Technology
Surge in demand for sustainable business courses to decrease environmental impact
When a report by CDP Global revealed that 100 companies are responsible for 71% of global emissions in the last two decades1,..
Opinion
Open Data Platform Raises 650K EUR in Follow-up Funding Round Despite Venture Capital Slowdown
Okredo, an open data platform, raises 650,000 EUR in its follow-up funding round, having already raised 1 million EUR six month..
Business
Dukkantek seals $10m funding round as it scales digital ecosystem for SMB retail sector in MENA
Demand surges for Dukkantek digital transformation services to improve business processes. 19th August 2022; Store management ..
Finance
Deel launches Instant Card Transfer to help make paying contractors quicker and easier
Contractors across the globe can get paid within seconds instead of days, thanks to Deel’s new Instant Card Transfer feature Lo..
Finance
Inflation, recession, stagflation? But don’t admit defeat with your money!
August 25 2022 Ignore the risks that inflation, recession and possible stagflation pose to your money, and it could be a very costly m..
News
After rescue by Open Arms, 99 migrants wait to dock in Europe
By Juan Medina ABOARD THE OPEN ARMS UNO, off Sicily (Reuters) – Around 30 nautical miles off the coast of Italy’s Sicily, ..
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Novartis to spin off generics business Sandoz next year
By Natalie Grover ZURICH/LONDON (Reuters) -Novartis plans to spin off its underperforming generics unit Sandoz to sharpen its focus on..
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Germany signs deal to give ownership of Benin Bronzes to Nigeria
BERLIN (Reuters) – Germany signed an agreement on Thursday to transfer ownership to Nigeria of the Benin Bronzes, among Africa&#..
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Citigroup says will close Russian consumer, commercial business
By Lananh Nguyen (Reuters) -Wall Street giant Citigroup Inc will close its consumer and commercial banking businesses in Russia starti..
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French wheat protein slips further in latest harvest results
PARIS (Reuters) – Nearly complete quality results from France’s soft wheat harvest showed slightly weaker protein levels t..
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Looks aren’t everything – British supermarkets to stock misshapen fruit amid drought
By Sachin Ravikumar LONDON (Reuters) – Two British supermarket chains will stock bent carrots and other misshapen fruit and vege..
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Matrixian Group raises €2M investment from new strategic partner Pride Capital Partners
AMSTERDAM, Aug. 25, 2022 /PRNewswire/ — Pride Capital Partners has invested 2 million into Matrixian Group, a group of Dutch dat..
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Work-life balance overtakes salary post-pandemic
Wednesday 24 August 2022 More workers said they were attracted to their current role for the work-life balance (41%) than the salary ..
Business
AZETS TO ADD 900 JOBS ACROSS THE UK
Azets, the SME-focused international accounting and business advisory firm, today announces a national recruitment drive, ..
Business
Dollar edges lower as investors wait on Fed’s Powell
By Karen Brettell NEW YORK (Reuters) – The dollar index and the euro both slipped on Thursday in choppy trading as investors wai..
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Fortum says rising costs of Nordic power trading are “worrying”
By Anne Kauranen HELSINKI (Reuters) – Finnish utility Fortum on Thursday said low liquidity and high price volatility have creat..
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Europe’s Wizz Air considering a Saudi operating license
RIYADH (Reuters) -European budget carrier Wizz Air is considering basing an airline in Saudi Arabia as part an agreement signed with t..
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Oil firms must step up exploration off Norway to unlock potential -NPD
By Nerijus Adomaitis OSLO (Reuters) – Oil companies in Norway must increase their exploration activity in remote regions like th..
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Ukraine war, energy crisis send German business sentiment to lowest level since June 2020
By Miranda Murray BERLIN (Reuters) -German business morale in August fell to its lowest reading since June 2020 amid high uncertainty ..
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