BLOOMBERG Facebook owner Meta Platforms Inc was hit by a record €1.2 billion ($1.3 billion) European Union (EU) privacy fine and given a deadline to stop shipping users’ data to the US after regulators said it failed to protect personal information from the American security services. The social network giant’s continued data transfers to the US didn’t address “the risks ...

BLOOMBERG European luxury stocks including LVMH and Gucci owner Kering SA fell as a wave of Covid infections in China weighed on sentiment — extending a rout that’s wiped about $56 billion from the sector over the past two days. Shares in Birkin bag maker Hermes International and UK trench coat company Burberry Group Plc also declined, with concerns about ...

BLOOMBERG Volatility is rising in Thailand’s financial markets amid concern investors will have to wait until August to find out whether a coalition of pro-democracy parties can form a new government.Uncertainty after the May 14 election first triggered an outflow of funds, worsening the rout in Asia’s worst-performing stock market this year and weakening the baht. Stocks then rallied this ...