By Bart H. Meijer (Reuters) -The European Union’s General Court on Wednesday dismissed a request by Amazon to scrap its designation as a platform subject to stricter requirements under EU online content rules. Amazon had contested the lawfulness of the provision in the EU’s Digital Services Act that specifies which online platforms are labeled as …
EU court dismisses Amazon’s request to scrap EU tech label Read More »
(Reuters) -Nokia unveiled a new strategy on Wednesday focused on artificial intelligence, as the Finnish telecoms equipment maker strives to simplify its business and boost annual core profit by as much as 60% over the next three years. From 2026, the company plans to reorganise into two main segments – network infrastructure and mobile infrastructure …
Nokia targets profit boost by 2028 with new AI-focused strategy Read More »
(This story has been republished to change an image, with no changes to text) MILAN (Reuters) -Shares in Ocado fell further on Wednesday, adding to 17% slump the day before, after its partner Kroger announced the closure of three U.S. delivery facilities centres, in a blow for the British online supermarket. The stock hit a …
Ocado shares extend decline after Kroger setback Read More »
(This Nov.18 story has been republished to change an image, with no changes to text) By James Davey and Raechel Thankam Job (Reuters) -Shares in British online supermarket and technology group Ocado slumped on Tuesday after U.S. partner Kroger said it would close three automated warehouses in January, dealing a heavy blow to the Ocado …
Ocado slides 17% as US partner Kroger closes robotic warehouses Read More »
By Susanna Twidale LONDON (Reuters) -Ocean Winds, a joint venture between Portugal’s EDP Renewables and France’s Engie, has won seabed lease rights to build a 1.5 gigawatt floating wind farm in the Celtic Sea off the coast of Wales and South West England, Britain’s Crown Estate said on Wednesday. Britain is aiming to largely decarbonise …
EDP and Engie’s Ocean Winds win rights to develop Celtic Sea floating wind farm Read More »
LONDON (Reuters) -Britain’s Sage reported a 16% rise in underlying operating profit on Wednesday after it grew both its top line and its margin, and said it expected another year of progress as its customers benefit from AI capabilities in its products. The company, which supplies accountancy and payroll software to small and medium sized …
UK’s Sage reports strong profit rise as it rolls out AI Read More »
By Stephanie Kelly LONDON (Reuters) -North Sea oil and gas producer Ithaca Energy said on Wednesday it has agreed to buy a 50% stake in the Tobermory gas discovery from Shell UK, located in the West of Shetland basin off Scotland. Shell’s interest in Tobermory will form part of Adura, a joint venture with Equinor …
UK’s Ithaca Energy buys 50% stake in Tobermory gas from Shell UK Read More »
By Ozan Ergenay and Joice Alves LONDON (Reuters) -Sterling edged lower after data on Wednesday showed British consumer price inflation fell to 3.6% in October, the first drop since May, with traders increasing bets the Bank of England will cut interest rates in December. Consumer price inflation fell to 3.6% in October from September’s joint …
Sterling edges lower after UK inflation eases as expected Read More »
By David Milliken and Suban Abdulla LONDON (Reuters) -British inflation slowed last month for the first time since May, official figures showed on Wednesday, offering some relief to the government before next week’s annual budget and boosting the chance of a December rate cut by the Bank of England. Consumer price inflation dropped to 3.6% …
UK consumer price inflation eases to 3.6% in October Read More »
MILAN (Reuters) -UniCredit is not discussing a potential tie-up with BPER and its leading shareholder Unipol, a spokesperson for the Italian bank said on Wednesday. (Reporting by Valentina Za, editing by Giulia Segreti)
