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...The decision comes as European consumers have been grappling with several years of high inflation, which has particularly affected food prices....
...Spain has overtaken the UK as hotel investors’ favourite destination this year, following a series of large hospitality deals in the south European country, according to a survey by CBRE....
...In response to questions from the Financial Times, the European Commission said: “We are indeed looking at the compliance packages of all gatekeepers, including Apple....
...Sotheby’s will be banking on the fact that there isn’t much overlap between the buyers of esoteric ABS issues and European junk bonds, with investors in the former tending to be more focused on the underlying...
...The poll is likely to reassure officials at the European Central Bank that the eurozone is still on track for a “soft landing” as the economy avoids a recession while inflation falls steadily towards its...
...That is the danger European carmakers face....
...That makes them quite competitive when they try to compete with European carriers like Lufthansa”, said Sathish Sivakumar, head of European transport and infrastructure at Citigroup....
...Except, apparently, at the European consumer giant Unilever....
...A palace that replaced another, older palace, it swiftly established itself as a social nexus for madrileños and Europeans, who filled its salons and bar on the world-famous Paseo de la Castellana....
Also in this newsletter: UN Security Council calls for ceasefire in Gaza, UK accuses China of cyber attacks, neurodiversity in the workplace
...Early estimates by the European Commission said the regulations would push up prices for services from companies such as Uber and Bolt by 40 per cent....
...Amazon said it was “compliant” with the rules and that it had “engaged constructively with the European Commission on our plans since the designation of two of our services”....
...This is likely to worry European Central Bank officials about the risk of persistent inflation that is making them wary of cutting borrowing costs too soon....
...Any verdict could be significant for other European courts under the European Patent Convention, lawyers said, although they will reach their own conclusions on the validity of Moderna’s commitment....
...A senior EU court adviser has said the European Commission was wrong to block gene sequencing group Illumina’s $8bn acquisition of Grail and that the decision should be scrapped....
...The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering....
...Nearly 940 European ETFs cut their annual fees over the five years to the end of 2022, Morningstar data shows....
...Last year, Botín was one of several European bosses who spoke out against the European cap on banker bonuses, saying it put them at a disadvantage to global rivals after the UK lifted its own cap....
...Slap on the wrist The European Commission is set to slap Apple with a fine of around €500mn for the first time ever, but the tech giant’s rivals say the amount is far too low, and even a much bigger fine...
...European private equity firm Cinven has appointed Bruno Schick, Jorge Quemada and Supraj Rajagopalan as co-managing partners....
Ithaca’s deal with Eni would simply be trading assets around a troubled basin
...The Swiss dermatology giant raised SFr2bn ($2.2bn) in the biggest European float since Porsche’s debut two years ago....
...The act outlines rules aimed at opening markets to allow European start-ups to flourish and to give consumers more choice....
...MainFT, last night: The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants...
...Tesla has paused production and evacuated its only European car manufacturing plant after a suspected arson attack on a nearby electricity pylon caused widespread power cuts....
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