11.08 – Mega fine for Meta Platforms is imminent
Meta Platforms, the owner of Facebook, can face a fine of USD 1.3 billion in the European Union. This is what sources say The Wall Street Journal. The fine is imposed because Meta forwards privacy-sensitive data from EU citizens to the US. The fine is expected to be officially announced later today.
11.01 – Consumer confidence falls
10.57 – Fintech company Wise under pressure due to departure plans top duo
The British fintech platform Wise, which specializes in international payments, loses 4 percent on the stock exchange due to a double announcement. CFO Matt Briers will leave the company next year, while CEO Kristo Käärmann will take paternity leave from September.
09.31 – E-bike builder Cowboy enters into an alliance with bicycle shops
The Brussels luxury bicycle manufacturer Cowboy announces a partner network for retail and service. There will be a “Retail Partner Network” with independent bicycle shops across Europe, in addition to the company’s own shops. “This new model will increase the brand’s retail and service presence across the continent,” the company says. Cowboy has the ambition to attract 300 new Retail Partners in 60 European cities by the end of the year.
09.20 – Super merger among business lawyers: Allen&Overy merges with Shearman&Sterling
More than 3,900 top lawyers from 49 countries will come under one roof as a result of the merger announced by A&O (Allen & Overy) and Shearman & Sterling. The new office will be called A&O Shearman.
09.03 – Bel20 opens slightly higher
The Brussels stock index Bel20 opens the new trading week with a profit of 0.11 percent, to almost 3,741 points.
08.45 – Distribution sector unions take to the streets
In an hour or two, the national demonstration of the distribution sector will start in Brussels, an initiative of the three major trade unions ACV, ABVV and ACLVB. 10,000 to 15,000 participants are expected. The reason for the event is the social unrest at Delhaize. 👉 More wallpaper here
07.52 – Mitsotakis wins Greek elections
New Democracy, the conservative bloc around current Prime Minister Kyriakos Mitsotakis, wins the elections in Greece, but does not get an absolute majority. 👉 Read more