LONDON (Reuters) – Trading on London’s foreign exchange market reached $2.8 trillion in average daily turnover in October, marking a 6% drop compared to a previous survey in April according to the Bank of England’s latest survey for the six months unti…
EU proposes digital rights, principles in global first
By Foo Yun Chee BRUSSELS (Reuters) – The European Commission on Wednesday in a global first proposed a set of digital rights and principles that aim to protect people’s rights, support democracy and ensure a fair and safe online environment. The digita…
AllianzGI creates private markets impact investment unit
By Simon Jessop and Elizabeth Howcroft LONDON (Reuters) -Asset manager Allianz Global Investors, part of German insurer Allianz, said on Wednesday it had set up a new unit focused on ‘impact’ investing in private markets, as part of a sustainable inves…
Beijing’s local COVID cases rise before Olympics; more areas find Omicron
BEIJING (Reuters) -Beijing reported 14 local confirmed COVID-19 cases on Wednesday, the highest daily count in its current outbreak, less than two weeks before the Winter Olympics are set to start in the Chinese capital and the neighbouring province of…
Commodity, bank stocks lead FTSE 100 higher; Playtech drops
By Shashank Nayar and Ambar Warrick (Reuters) -London’s FTSE 100 rose on Wednesday with heavyweight mining, energy and banking shares leading gains before the outcome of a U.S. Federal Reserve meeting, while Playtech dropped on reports of a potential b…
UK tech tycoon Mike Lynch fails in bid to delay extradition ruling
LONDON (Reuters) – Britain cannot delay its decision on whether to allow the extradition of tech entrepreneur Mike Lynch to the United States until the impending judgement in a civil claim against him is made public, the High Court in London said on We…
Spain’s Santander launches buy now, pay later platform across its markets
By Jesús Aguado MADRID (Reuters) – Spain’s Santander announced on Wednesday the launch Zinia, a new buy now, pay later platform it plans to roll out across its markets this year, starting in the Netherlands and Spain. The initiative is part of a wider …
Bentley to produce first fully electric car in 2025
By Nick Carey LONDON (Reuters) – Luxury British carmaker Bentley said on Wednesday it would start production of its first fully-electric car in 2025, a significant milestone in the Volkswagen AG unit’s planned shift to a fully-electric model line-up by…
UK says not ruling out sanctions on Russia’s Putin
LONDON (Reuters) -Britain is not ruling out sanctions targetted at Kremlin chief Vladimir Putin in person if Russia invades Ukraine, Foreign Secretary Liz Truss said on Wednesday. U.S. President Joe Biden said on Tuesday he would consider personal sanc…
Biden warns Putin with sanctions as West steps up Ukraine defenses
By Jeff Mason, Humeyra Pamuk and Dmitry Antonov WASHINGTON/MOSCOW (Reuters) – U.S. President Joe Biden said on Tuesday he would consider personal sanctions on President Vladimir Putin if Russia invades Ukraine, as Western leaders stepped up military pr…