Reuters UK/EU - Squid Business

Hungarians protest against new teachers’ law, police violence

By Boldizsar Gyori BUDAPEST (Reuters) – Thousands of Hungarians rallied in Budapest on Friday to protest against new legislation that would eliminate the public servant status of teachers, as well as police tear-gassing of teenagers during a previous demonstration. In power since 2010, conservative nationalist Prime Minister Viktor Orban has faced increasing public protests as …

Hungarians protest against new teachers’ law, police violence Read More »

Czech EPH has delivered ‘coherent plan’ for Steag purchase, board member says

FRANKFURT (Reuters) – German utility Steag, which has been put up for sale by its owners, awaits binding bids by the beginning of June, one of its supervisory board members told a newspaper, adding Czech energy group EPH has presented what could form the basis of a deal. “We are making good progress. At the …

Czech EPH has delivered ‘coherent plan’ for Steag purchase, board member says Read More »

UK to ban Russian diamonds, US sanctions target major gold miners

LONDON (Reuters) -Britain published plans to ban imports of Russian diamonds, copper, aluminium and nickel on Friday and announced new sanctions against Russia, targeting companies connected to the suspected theft of Ukrainian grain. The United States and Canada also announced new penalties on Russia over its war against Ukraine. Washington imposed sanctions on gold producer …

UK to ban Russian diamonds, US sanctions target major gold miners Read More »

EU antitrust regulators quiz cloud rivals on Microsoft’s request for customer data

By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are asking Microsoft’s rivals what kind of customer data they are required to provide to the U.S. tech giant as part of their Azure cloud contracts, six months after a trade group complained about its cloud computing practices. Cloud Infrastructure Services Providers in Europe (CISPE), …

EU antitrust regulators quiz cloud rivals on Microsoft’s request for customer data Read More »

Consortium starts building 150-MW solar farm in Kosovo

PRISTINA (Reuters) – A group of international and local investors have started to build a 150-megawatt (MW) solar farm in western part of Kosovo as the Balkan country is trying to phase out its dependence from coal. The Solar Energy Group Europe (SEGE) consortium plans to start production within 12 months. The plant is not …

Consortium starts building 150-MW solar farm in Kosovo Read More »

Blur’s Alex James on making new album: ‘It’s exciting and emotional’

By Marie-Louise Gumuchian LONDON (Reuters) – Recording Blur’s first new album in eight years has been “exciting and emotional”, bassist Alex James says, as the band prepares for a series of gigs this summer where fans will get to hear their new tunes. Blur, who exploded onto the British music scene in the early 1990s …

Blur’s Alex James on making new album: ‘It’s exciting and emotional’ Read More »

Adidas to donate Yeezy proceeds to Anti-Defamation League and other NGOs

FRANKFURT (Reuters) -Adidas will start selling some of the shoes from its defunct Yeezy partnership with rapper Kanye West at the end of May, the company said on Friday, and plans to donate some of the proceeds to organisations fighting antisemitism and racism. Adidas cut ties with West, who goes by Ye, in October after …

Adidas to donate Yeezy proceeds to Anti-Defamation League and other NGOs Read More »

Silver Lake acquires minority stake in TeamSystem for $660 million

(Reuters) – Italian cloud software maker TeamSystem said on Friday that private equity firm Silver Lake has agreed to acquire a minority stake in the company from Hellman & Friedman (H&F). The investment is worth 600 million euros ($660.48 million), TeamSystem said in a statement, adding that H&F will remain the majority shareholder after the …

Silver Lake acquires minority stake in TeamSystem for $660 million Read More »

Russia and Cuba ink deals to revitalize communist-run island’s ailing economy

By Nelson Acosta and Dave Sherwood HAVANA (Reuters) – Russian officials and business leaders have signed multiple deals with Cuban counterparts at a forum in Havana this week, agreeing to work together to boost sugar and rum output, assure wheat and crude oil supply to the communist-run island, and overhaul crumbling tourist facilities. The longtime …

Russia and Cuba ink deals to revitalize communist-run island’s ailing economy Read More »

UK’s FTSE 100 climbs on upbeat consumer confidence data

By Johann M Cherian and Shashwat Chauhan (Reuters) -UK’s FTSE 100 gained on Friday as data showed domestic consumer confidence hit a 15-month high and progress on U.S. debt ceiling negotiations buoyed sentiment. The FTSE 100 closed up 0.2%, just before news broke that U.S. debt talks had been paused. The blue-chip index marginally rose …

UK’s FTSE 100 climbs on upbeat consumer confidence data Read More »