By Paul Sandle LONDON (Reuters) - Britain will impose a new competition regime next year to prevent Google (NASDAQ:GOOGL) and Facebook (NASDAQ:FB) using their dominance to push out smaller firms and disadvantage consumers. The code will be enforced by a dedicated unit within the Competition and Markets Authority (CMA), which this year said...
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Investing.com – U.K. equities were lower at the close on Thursday, as losses in the Fixed Line Telecommunications, Construction & Materials and Gas, Water & Multiutilities sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 fell 0.38%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Flutter Entertainment PLC (LON:FLTRF), which rose...
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LONDON (Reuters) - British clothing and food retailer Marks & Spencer has reversed a decision to open over 200 stores on Dec. 26, giving its workforce of more than 70,000 an extended break over the festive period, it said on Thursday. Boxing Day is traditionally one of the biggest shopping days in Britain's retail calendar as store groups kick off post-Christmas sale...
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Investing.com – Canada equities were higher at the close on Thursday, as gains in the Healthcare, IT and Materials sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite rose 0.12% to hit a new 6-month high. The biggest gainers of the session on the S&P/TSX Composite were BRP Inc (TSX:DOO), which rose 5.07% or 3.56 points to trade...
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BRUSSELS (Reuters) - European Union assessments of whether to grant market access for banks and other financial firms from Britain will not be completed in time for January and stop-gap measures are being considered, an EU diplomat said on Thursday. Britain's unfettered access to the EU under transition arrangements ends on Dec. 31, leaving the City of London faced with being cut...
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(Reuters) - Amazon.com Inc (NASDAQ:AMZN) said on Thursday it would spend more than $500 million (374.5 million pounds) on one-time bonuses for its front-line employees in the United States who are working the holiday season amid the COVID-19 pandemic. Full-time operations staff in the United States who are employed by Amazon from Dec. 1 to Dec. 31 will receive a bonus...
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By Marton Dunai and Alan Charlish BUDAPEST (Reuters) - Hungary and Poland said on Thursday the EU could not attach rule-of-law conditions to funds unless the bloc changed its founding treaty, digging in their heels after vetoing the EU budget and a coronavirus recovery fund earlier this month. The European Union is investigating...
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(Bloomberg) -- Mexico’s economy grew at the fastest pace in at least three decades in the third quarter, as a surge in manufacturing to meet U.S. demand helped claw back a portion of the output lost since last year. Gross domestic product rose 12.1% from the previous quarter, according to final data released by the national statistics institute Thursday. The expansion, the best...
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By Nevzat Devranoglu and Jonathan Spicer ANKARA/ISTANBUL (Reuters) - Turkey's lira is caught in a tug of war between foreign investors, who cheered a big rate rise and government reform promises and locals who remain cautious and are stocking up on gold and dollars. The currency has had a volatile month after being the laggard this year across emerging markets. Whether...
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BRUSSELS (Reuters) - Poland and Hungary are moving deeper into isolation in the 27-nation European Union by blocking the EU's 2021-2027 budget and recovery fund needed to pull the EU out of a recession caused by the COVIOD-19 pandemic, a senior EU diplomat said on Thursday. Warsaw and Budapest have vetoed the bloc's 1.8 trillion euro financial package for 2021-2027 because it...
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