Microsoft Appeals UK Decision to Block Activision Mega Deal
Microsoft Corp. formally filed its appeal against the UK antitrust watchdog’s decision to block its $69 billion Activision Blizzard Inc. deal.
Bloomberg Business
US Must Widen China Chip Curbs in Micron Response, Lawmaker Says
US lawmakers are urging Washington to strike back against China for its decision to bar Micron Technology Inc.’s memory chips, threatening to further inflame tensions between the two countries.
Refining Lobby Asks UK to Revise Rules on Car Fuels From 2035
The UK should allow the use of low-carbon fuels in new cars and vans from 2035, according to UKPIA, which represents the nation’s fuel producers.
UK to Probe Flagship Teesworks Site After Corruption Allegations
Rishi Sunak’s government will commission an independent review into the development of the northern England Teesworks site, following allegations of corruption around a project at the heart of the Conservative Party’s pledge to boost disadvantaged areas of the country.
Chile Central Bank Tightens Credit Conditions, Citing Higher Global Risk
Chile’s central bank raised capital requirements on financial institutions, tightening credit conditions amid concern over the risk a global shock could pose to the local economy. Short-term swap rates and bank stocks declined.
Apple Plans to Turn Locked iPhones Into Smart Displays With iOS 17
Apple Inc. is planning a new interface for iPhones that shows information such as calendar appointments, the weather and notifications in the style of a smart-home display, part of a flurry of new features coming in its iOS 17 software update.
Greece’s Mitsotakis Confirms New Election to Be Held on June 25
Greece will hold new elections in a month after this weekend’s ballot failed to produce a government.
Copper Gripped by China Fears as Prices Plunge Below $8,000
Copper fell below $8,000 a ton for the first time in six months as investors cool on the prospects for a robust economic recovery in China this year.
Amazon’s Answer to ChatGPT Seen as Incomplete
Amazon.com Inc.’s cloud customers are clamoring to get their hands on the ChatGPT-style technology the company unveiled six weeks ago. But instead of being allowed to test it, many are being told to sit tight, prompting concerns the artificial intelligence tool isn’t fully baked.
Fed’s Waller Says Choice to Hike or Skip in June Hinges on Data
Federal Reserve Governor Christopher Waller said whether officials hike interest rates again next month or skip a move will hinge on key data over coming weeks, but it’s premature to declare the tightening cycle is over.
