Reuters UK Business

LONDON (Reuters) – Apple and Amazon have successfully fought off a mass lawsuit in Britain over alleged collusion between the tech giants to remove resellers of new Apple products from Amazon’s website, a tribunal ruled on Tuesday. The lawsuit was brought by consumer law academic Christine Riefa on behalf of around 36 million British consumers …

Apple, Amazon fight off $600 million UK lawsuit over alleged ‘collusion’ Read More »

MOSCOW (Reuters) – A Russian court fined Alphabet’s Google 8 billion roubles ($77.9 million) on Tuesday for not complying with previous penalty orders, the Moscow courts press service said on Telegram. Russia has for several years ordered foreign technology platforms to remove content it deems illegal, issuing small but persistent fines when it sees failures …

Russian court fines Google $78 million for ignoring previous penalties Read More »

(Reuters) – Meta Platforms will trim about 5% of its “lowest performers” and plans to hire for the impacted roles this year, a company spokesperson said on Tuesday. CEO Mark Zuckerberg has also warned employees about more such job cuts this year to “raise the bar” on performance management, the spokesperson said. The Facebook parent …

Meta to lay off 5% of ‘lowest performers’, plans to hire for impacted roles Read More »

By Jonathan Stempel (Reuters) -Procter & Gamble and Colgate-Palmolive are among the defendants in six new lawsuits targeting the sale of toothpaste and mouth rinse for young children because the products contain fluoride, which can be harmful if swallowed in large quantities. Parents filed complaints on Monday in federal courts in Illinois and California over …

Crest, Colgate lawsuits target fluoride in kids’ toothpaste, mouth rinse Read More »

By Pietro Lombardi MADRID (Reuters) – Jose Maria Cofreces is the owner of a guesthouse in northwestern Galicia, one of Spain’s most picturesque regions and a major tourist draw. It is also one of the windiest parts of the country, and that has made it a magnet for developers of giant wind turbines that can …

How a storm of lawsuits paralysed wind mills in northwest Spain Read More »

By Elvira Pollina and Emilio Parodi MILAN (Reuters) – An Italian court said on Tuesday it had rejected a request by Telecom Italia’s top investor Vivendi to annul the former phone monopoly’s decision to sell its landline grid to a consortium led by KKR. France’s Vivendi, which holds 24% of TIM, turned to a Milan …

Italian court rejects Vivendi’s claim against Telecom Italia’s grid sale Read More »

MOSCOW (Reuters) – Russia’s leading tanker group, Sovcomflot, said on Tuesday that new U.S. sanctions would create additional operational difficulties and accused the West of undermining the global system of merchant shipping. “The company’s vessels do not belong to the ‘shadow fleet’”, Sovcomflot said. “The sanctions against Sovcomflot are not motivated by violations on the …

Russia’s Sovcomflot says new U.S. sanctions create operational difficulties Read More »

By Nell Mackenzie and Sinead Cruise LONDON (Reuters) -U.S. activist investor Boaz Weinstein called on British critics opposing plans to unseat managers at seven underperforming UK investment trusts to stop misleading investors who have lost “enormous value”, describing their criticism as “jingoistic”. Saba Capital Management, founded and run by Wall Street veteran Weinstein, said last …

Saba’s Weinstein takes swing at critics of plan to tackle UK investment trusts Read More »

By Sybille de La Hamaide PARIS (Reuters) -French sugar maker Ouvre has decided to shut its sole factory due to technical and financial problems, the company told Reuters on Tuesday, marking the sixth sugar plant closure in France in as many years. France is the European Union’s largest sugar producer but a series of poor …

France’s Ouvre becomes latest sugar maker to shut plant Read More »