16 December

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Facebook accuses Apple of anticompetitive behavior over privacy changes

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PALO ALTO/NEW YORK (Reuters) -Facebook Inc accused rival Apple Inc (NASDAQ:AAPL) of engaging in anticompetitive practices on Wednesday, firing another shot in a monthslong standoff between the two tech giants over Apple's planned privacy changes for iOS14. "Apple is behaving anticompetitively by using their control of the App Store to benefit their bottom...

16 December

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Euro zone banks to cut dividends by two thirds due to pandemic -ECB

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FRANKFURT (Reuters) - The European Central Bank expects euro zone banks to cut their dividends by two thirds this year compared to their usual payouts to cope with losses caused by the coronavirus pandemic, the ECB's top supervisor Andrea Enria said on Wednesday. The ECB lifted a de facto ban on dividends and buybacks this week but capped payouts, still bracing for...

16 December

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First signs of euro zone recovery likely in first quarter – EU’s Gentiloni

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BRUSSELS (Reuters) - The euro zone should start showing signs of economic recovery in the first quarter of next year, although fresh lockdowns such as in Germany and the Netherlands show the area faces a difficult winter, the EU economy commissioner said on Wednesday. Paolo Gentiloni, speaking after a meeting of euro zone finance ministers, said 2020 had been a "truly grim...

16 December

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AstraZeneca jab would speed up UK vaccine rollout – medical chief

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LONDON (Reuters) - The coronavirus vaccine developed by AstraZeneca and Oxford University would significantly accelerate the roll-out of vaccines in Britain if it is approved by regulators, the country's Chief Medical Officer Chris Whitty said. "If AZ comes through, if there aren't any last-minute hitches, it will speed up very substantially the period before we can actually get to the point ...

16 December

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Wall Street Opens Mixed as Sales Slump Dents Stimulus Enthusiasm; Dow Flat

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By Geoffrey Smith Investing.com -- U.S. stock markets opened mixed on Wednesday as reports suggesting that a stimulus deal on Capitol Hill is near were offset by the weakest retail sales report in six months, the most concrete evidence yet that the latest wave of the pandemic is slowing the economy. The news overshadowed what was set to be the main event of the...

16 December

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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.77%

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Investing.com – U.K. equities were higher at the close on Wednesday, as gains in the Automobiles & Parts, Electrical and Food & Drug Retailers sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 gained 0.77%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Barratt Developments PLC (LON:BDEV), which rose...

16 December

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Pot Giant Coming to Take Over the World

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By Christiana Sciaudone Investing.com -- Aphria (NASDAQ:APHA) is buying rival Tilray (NASDAQ:TLRY) in an all-stock deal to build one of the world's biggest pot companies. Aphria shareholders will own 62% of Tilray's stock under the terms of the transaction. The deal pays a 23% premium to Tilray's Dec. 15 closing price of $7.87. The combined company is valued at about C$5 billion ($3.9...

16 December

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British government reluctant to cancel Christmas amid pandemic, says people can decide for themselves

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By Guy Faulconbridge and Kate Holton LONDON (Reuters) - The British government resisted pressure to impose even tighter restrictions on Christmas family get-togethers on Wednesday as pubs and restaurants in London and elsewhere shut their doors amid worsening coronavirus figures. One cabinet minister suggested it was up to people to make up their own minds about what precautions to take, and said...

16 December

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EU should “see sense” and agree Brexit trade deal, says UK PM Johnson

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LONDON (Reuters) - Prime Minister Boris Johnson said on Wednesday he hoped the European Union would "see sense" and agree a post-Brexit trade deal, adding all the bloc needed to do was recognise Britain's right to sovereignty. "Every hope I have (is) that our friends and partners across the Channel will see sense and do a deal, and all that that...

16 December

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Companies may face 2% fine for breaching EU cybersecurity rules

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By Foo Yun Chee BRUSSELS (Reuters) - Large energy, transport and financial companies as well as digital providers and makers of medical and computer devices could be fined up to 2% of their global turnover for breaching EU cybersecurity rules under a European Commission proposal. Concerns about the cybersecurity of key assets have...

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News

Facebook accuses Apple of anticompetitive behavior over privacy changes

Euro zone banks to cut dividends by two thirds due to pandemic -ECB

First signs of euro zone recovery likely in first quarter – EU’s Gentiloni

AstraZeneca jab would speed up UK vaccine rollout – medical chief

Wall Street Opens Mixed as Sales Slump Dents Stimulus Enthusiasm; Dow Flat

U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.77%

Pot Giant Coming to Take Over the World

British government reluctant to cancel Christmas amid pandemic, says people can decide for themselves

EU should “see sense” and agree Brexit trade deal, says UK PM Johnson

Companies may face 2% fine for breaching EU cybersecurity rules

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