Bloomberg Munich Re more than doubled profits last year as the German reinsurer bounced back from the Covid-19 crisis with the highest gross premiums in its history. Net income rose to 2.9 billion euros from 1.2 billion euros the previous year, according to a statement from the Munich based company on Wednesday. It had forecast profit of 2.8 billion ...

  Bloomberg The European Union unveiled new rules that will make it easier for users to transfer data generated from products like Amazon.com Inc.’s Alexa or a Tesla Inc. vehicle. The European Commission’s Data Act will set rules on how companies can access so-called non-personal data, or data that does not contain any information that identifies an individual. The proposal ...

  Bloomberg European equities rose with US futures on Wednesday as investors assessed limited initial Western sanctions against Russia amid the Ukraine standoff. The Stoxx 600 Europe Index and S&P 500 futures both added about 0.8% while contracts on the Nasdaq 100 gained more than 1%. The mood was brighter, when the S&P 500 fell into a technical correction after ...