European
European Commission Criticised for Weakly Regulating Big Tech
European politicians and advocacy groups are adamant that the region’s legislation is not hardline enough to dismantle the monopolies of Big Tech companies. In the last week, two open...
S&P assigns ‘BBB-’ rating for Stoneweg European Reit on stable outlook
S&P Global Ratings has assigned Stoneweg European Real Estate Investment Trust (Stoneweg E-Reit) a ‘BBB-’ long-term issuer credit rating, as it expects the trust to deliver stable operational performance...
China’s BYD to focus on plug-in hybrid cars in European expansion
HYBRID technology will be key for the European expansion of Chinese EV giant BYD amid soft demand for fully-electric vehicles, the special adviser in the region for the manufacturer...
Asian LNG jumps to highest this year as European benchmarks rise
NORTH Asia spot liquefied natural gas (LNG) prices jumped to the highest level this year on increased competition from Europe for the heating and power plant fuel.The Japan-Korea marker,...
Unilever nearly halves expected European job cuts
This is done through savings projects from 2022 to 2024 and not hiring externallyUnilever is cutting about 1,500 fewer jobs in Europe than initially anticipated and hiring about 1,000...
European banks’ commercial real estate exposures ‘visibly deteriorating,’ ECB finds
BANKS in the euro region have about 1.3 trillion euros (US$1.4 billion) in outstanding loans to commercial real estate investors and credit quality is “visibly deteriorating,” European Central Bank...
Shein’s European entity reports 68% sales growth in 2023
SALES by Shein’s Ireland-registered entity Infinite Styles Ecommerce grew 68 per cent in 2023, hitting 7.7 billion euros (S$11 billion), according to annual results published on Monday (Nov 4).Fast-fashion...
Blackstone targets new European markets in global wealth push
BLACKSTONE’S private wealth business plans to enter at least two new European markets next year to tap growing demand among the well-off, two executives at the company said.New York-based...
