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Luxottica and Essilor agree €50bn merger
January 16th, 2017
Italy’s Luxottica and France’s Essilor have agreed a €50bn merger deal, one of the largest ever European cross-border transactions, creating a global leader in the fast-growing eyewear industry. The deal sees Luxottica, the world leading consumer eyewear group and ...
India may introduce a fat tax on junk food
January 16th, 2017
Fat tax in works: If Narendra Modi approves, everything from Maggi to pizzas could fall in net The government may introduce a fat tax on junk food and sugary beverages in the upcoming budget, say various media reports. The ...
FTSE 100 extends a record-breaking run
January 11th, 2017
European stocks rose Wednesday, with London striking another record pinnacle on the sliding pound and rebounding commodity prices. Sterling fell as weak official trade data offset bright industrial output figures — and the currency’s slide gave a fresh impetus ...
The price of Bitcoin falls 10% as China plans to investigate exchanges
January 11th, 2017
The price of bitcoin fell by around 10 percent after Chinese authorities announced plans to inspect bitcoin enterprises. The People’s Bank of China published an announcement this morning that it will carry out site inspections on January 17 to ...
ECB on pan-European instant payment solutions
January 11th, 2017
The European Central Bank (ECB) has published a Keynote speech by Yves Mersch, Member of the Executive Board of the ECB, at the French Payments Committee conference on “Technological innovations in payments and beyond”, Banque de France, Paris, 6 ...
Inflation to Hurt UK Consumers in 2017?
January 9th, 2017
Ever since the onset of the financial crisis nearly a decade ago, central banks have been struggling to revive inflationary pressures mostly through easy monetary policy. After all, rising prices can shore up demand and allow businesses to rake ...
Bitcoin Extends Loss After China’s Central Bank Warns Investors
January 9th, 2017
PBOC officials tell bitcoin platform to rectify issues Bitcoin surged 120% in 2016 as yuan depreciation quickened Bitcoin extended Friday’s tumble amid concern China will tighten rules on the digital currency to curb capital outflows. The cryptocurrency slid 1.2 ...
British law firm continues international expansion with French merger
January 3rd, 2017
DWF Managing Partner and CEO Andrew Leaitherland said: “We are committed to growing our business internationally to best service our clients’ needs. France is a key market for us, both in terms of its size and importance within Europe and because our ...
VW Buys Mobile-Payment Provider PayByPhone for Parking Services
December 29th, 2016
Move follows establishment of carmaker’s Moia mobility brand Deal adds to purchase of Sunhill Technologies last year Volkswagen AG bought North American parking-payment operator PayByPhone in the latest move by Europe’s biggest carmaker to expand from manufacturing into mobility ...
Bitcoin passes the $800 mark
December 22nd, 2016
The digital currency bitcoin has passed the $800 value for the first time since February 2014. Bitcoin crossed the threshold around 11:40pm GMT and is currently trading around $815. Charles Hayter, chief executive and founder of digital currency comparison ...
