Category: Business

Major U.S. crypto exchange Coinbase Global Inc (COIN.O) has won approval from Italian regulators to continue to serve customers in Italy, it said in a blog on Monday. Coinbase said it had met requirements from the Organismo Agenti e Mediatori (OAM), which oversees financial agents and credit brokers in Italy and implements anti-money laundering controls. […]

Amazon (AMZN.O), seeking an edge amid a deteriorating cost of living crisis, will match UK grocery market leader Tesco’s (TSCO.L) prices on hundreds of products, it said on Monday. The new scheme from Amazon Fresh, which delivers groceries to Amazon Prime members, will match its prices to Tesco Clubcard deals on everyday items, including meat […]

Embattled German gas importer Uniper (UN01.DE), the subject of consultations between the German and Finnish governments, has drawn down its 2 billion euro ($2.03 billion) credit facility from Germany’s state-owned KfW bank, it said on Monday. Uniper said it took the step due to disruptions in the supply of Russian gas and the corresponding effects […]

Airbus (AIR.PA) expects delays in engine supplies that have been holding back aircraft deliveries to peak at mid-year, Chief Executive Guillaume Faury was reported on Monday as saying. Airbus has been forced to build some narrowbody A320neo-family jets without engines in order to keep assembly lines running, mirroring a smaller scale disruption seen in 2017 […]

Russian blockchain firm Atomyze has launched the first digital token backed by palladium produced by Nornickel (GMKN.MM), it said on Monday. Atomyze was the first Russian firm to receive approval to exchange digital assets in February, while the central bank has long voiced scepticism about cryptocurrencies. “The emergence of Russia’s first industrial token marks the […]

Finland’s Nordea on Monday said a rise in interest income had boosted its second-quarter core earnings, sending its shares more than 2% higher in early trading. The bank’s April-June operating profit rose by 2% and net interest income by 6% from a year earlier, while net fee and commission income fell 5%. “We can expect […]

Customers of crypto lender Celsius face a long and anxious wait to know how, when and even if they will get their money back after the company filed for bankruptcy, becoming one of the biggest victims of the collapse in crypto markets this year. Citing extreme market conditions, Celsius froze withdrawals in June in a […]