European Press Roundup: Lidl Rolls Out Payment App in Home Market, Claim it Declares Bankruptcy

In Europe today, markets were down amid lingering questions over U.S. monetary policy. The top business story: KKR offers to buy out Axel Springer shareholders for EUR6.8 billion. Read about the above topics on Dow Jones Newswires or WSJ.com.

In Other Media...

German discounter Lidl will begin rolling out its Lidl Plus smartphone payment app for use at around 250 stores in Berlin and Brandenburg this week, with the app's nationwide launch scheduled for 2020. Lidl Plus is already available for use in countries and regions including Austria, Denmark, Poland and northern Spain. -SZ

The Brussels-based Claim it, which specialized in making claims on behalf of airline passengers with delayed or canceled flights, has declared bankruptcy. Founder Ralph Pais says the company was swamped by increasing legal fees. -Le Soir

German financial regulators say they are increasingly taking action against digital financial-service providers that operate without a license and often fraudulently, including on platforms for cryptocurrencies and so-called contracts for differences. -Boersen-Zeitung

French electric scooter-sharing service Cityscoot has launched in Rome six months after it entered the Italian market in Milan. The company wants to expand further in Europe. - Les Echos

U.S.-based cloud software company Salesforce says it wants to build up its presence in Europe, with Germany being an "absolutely important" growth market for the company, Co-CEO Keith Block says. -Handelsblatt

Portuguese ports moved less cargo in the first four months of the year than in the same period a year ago, largely because of fewer crude-oil imports. The total volume of cargo fell 0.1% to 29.8 million tonnes between January and April. -Jornal de Negocios

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(END) Dow Jones Newswires

June 12, 2019 08:09 ET (12:09 GMT)

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