Category: Business

Germany welcomes the fact that the European Commission has proposed its changes to EU fiscal rules on debt, said a finance ministry spokesperson on Wednesday. The spokesperson said the ministry would examine the proposal closely and Finance Minister Christian Lindner would release a statement later Wednesday about the proposal.

German media group ProSiebenSat.1 (PSMGn.DE) is exploring a potential deal to buy into Sky’s pay-TV operations in Germany, two sources close to the matter said on Wednesday. Comcast (CMCSA.O), which acquired Sky Deutschland as part of a $40 billion buyout of European pay-TV broadcaster Sky in 2018, did not immediately respond to request for comment. […]

Goldman Sachs analysts have revised up their projections for the dollar versus the Japanese yen , mainly to reflect a “more persistent U.S. hiking cycle than initially anticipated. The U.S.-based bank now expects the U.S. dollar at 155 yen in three months (previously 150), 155 in six months (135) and 140 in 12 months (125). […]

BMW Chief Executive Oliver Zipse said the premium carmaker would not abandon its lower-priced segment in the transition to electrification. “We are not leaving the lower market segment. Even if you consider yourself a premium manufacturer, it is wrong to leave the lower market segment – that will be the core of your business in […]

U.S. social media giant Meta (META.O) has missed the deadline to launch a fresh appeal against Russia’s block of Facebook and Instagram in the country, the RIA Novosti news agency reported on Wednesday, citing a court official. RIA reported Meta did not file an cassation appeal, meaning the company has now lost the opportunity to […]

Portugal’s unemployment rate edged higher to 5.8% in the third quarter from 5.7% in the previous three months, but fell from 6.1% a year ago, official data showed on Wednesday. Between July and September of this year, the total number of those unemployed increased by 2.3% to 305,800 people from the second quarter and fell […]

Two shareholders that together own more than 5% of France’s Orpea (ORP.PA) have called for a shareholder meeting at the beleaguered care homes group as they try to rally opposition to its planned debt restructuring plan. “An unprecedented shareholder ruin is now emerging”, family-owned Mat Immo Beaune and investment group Nextstone said in a letter […]