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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By Pratima Desai LONDON (Reuters) - The London Metal Exchange (LME) said on Wednesday it will forge ahead with plans to support sustainable metal production starting with the roll-out by mid-2021 of a digital register to store carbon related details of aluminium. The world's oldest and largest market for industrial metals, which has been consulting with industry over how to support a...
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MUNICH (Reuters) - German luxury carmaker BMW expects the operating profit margin at its automotive segment to come in at the upper end of its guidance in 2020, finance chief Nicolas Peter said, adding that business had recovered faster than expected. The group now expects the segment's margin on earnings before interest and...
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By Claudia Cristoferi and Silvia Aloisi MILAN (Reuters) - Luxury puffer jacket maker Moncler is betting heavily on younger consumers and the Chinese market to help sales bounce back from the coronavirus crisis, its boss told Reuters, seeing scope for a recovery from the second half of 2021. Makers of luxury handbags, clothes and jewellery have been hit hard as the global...
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LONDON (Reuters) - Britain's Financial Conduct Authority said on Tuesday it has fined former hedge fund official Corrado Abbattista 100,000 pounds ($134,000) for market abuse and banned him from the industry. "Following an investigation, the FCA found that Mr Abbattista, an experienced trader, engaged in market abuse by creating a false and misleading impression as to the supply and demand for equities...
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LONDON (Reuters) - Britain and the European Union are heading towards a trade deal that will satisfy Brexit supporters, BBC Newsnight's Political Editor Nicholas Watt tweeted on Tuesday. "Big buzz in the last hour among Tory MPs that the UK is heading towards a Brexit deal with the EU. Eurosceptics being reassured they will be happy," he wrote on Twitter. ...
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By Christiana Sciaudone Investing.com -- Apple (NASDAQ:AAPL)'s bumping production by 30% in the first half of 2021 thanks to an increase in demand for 5G handsets, Nikkei Asia reported. Shares rose 3%. The news sent iPhone suppliers higher: LG Display (NYSE:LPL) rose 7%, Skyworks Solutions (NASDAQ:SWKS) jumped 4.6%, Taiwan Semiconductor was up 2.4% and Qualcomm (NASDAQ:QCOM) increased 1.4%. Apple will make as many...
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Investing.com – U.K. equities were lower at the close on Tuesday, as losses in the Pharmaceuticals & Biotech, Mobile Telecommunications and Beverage sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 fell 0.36%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Johnson Matthey PLC (LON:JMAT), which rose 3.78% or...
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By Christiana Sciaudone Investing.com -- Etsy (NASDAQ:ETSY)'s trading at a record in time for Christmas. Analysts are largely loving the stock, which has 11 buy ratings and a single sell, according to data compiled by Investing.com -- even with shares up more than 450% from a March low. Earlier this month, Jefferies (NYSE:JEF) reiterated a buy rating on Etsy with a $168 price...
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LONDON (Reuters) - The owner of a barbershop in London's party district of Soho could face a hefty fine after police discovered more than 100 people partying in breach of COVID regulations in a makeshift nightclub in the basement. Officers were called to the Cut and Grind barbershop after midnight on Friday and found that a bar, dancefloor, speakers and turntables had...
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