Reuters UK Business

Google against potential EU break-up order, says not proportionate

8 Dec 2023

By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google on Friday criticised a potential order from EU antitrust regulators to sell part of its lucrative adtech business, saying it was disproportionate and not right for its advertising partners. The comments from Google’s director Oliver Bethell and its vice president for global ads Dan Taylor came after …

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Germany’s RWE to win EU approval for $2.8 billion coal phase out aid- Bloomberg News

8 Dec 2023

(Reuters) – RWE AG will receive 2.6 billion euros ($2.79 billion) in compensation from the German government for its accelerated phase-out of coal from its energy systems, with European Union regulators set to approve the state aid support, Bloomberg News reported on Friday. The multi billion euro package will be paid out over 15 years …

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X discusses using Amazon’s ad-buying software – WSJ

8 Dec 2023

(Reuters) -Elon Musk’s social media platform X has discussed a potential partnership with Amazon.com that would make X ads available on the online retailer’s ad-buying software, the Wall Street Journal reported on Friday citing people familiar with the matter. The social media platform’s billionaire owner last month cursed out advertisers that have fled his social …

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Oil stocks send FTSE 100 to 7-week closing high, Anglo American sinks

8 Dec 2023

By Shashwat Chauhan and Sruthi Shankar (Reuters) -The UK’s FTSE 100 closed at a seven-week high on Friday with a rebound in crude prices lifting shares of oil majors, though Anglo American slumped after the miner said it would slash capital expenditure in the face of weak demand. The London-listed stock of Anglo American sank …

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France probes possible misappropriation of funds that favoured Ryanair

8 Dec 2023

PARIS/DUBLIN (Reuters) – France’s national financial prosecutor (PNF) has opened a probe into the possible misappropriation of public funds that may have benefited budget airline Ryanair, said a judicial source on Friday, confirming an earlier report in Le Parisien paper. The source said the probe focused on Ryanair’s operations at La Rochelle airport, and that …

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Commodities broker Marex files with SEC for U.S. listing

8 Dec 2023

LONDON (Reuters) – Broker Marex has filed confidential documents with the U.S. Securities and Exchange Commission for a listing, it said on Friday. London-based Marex, one of the world’s largest privately-owned commodities brokers, withdrew an initial public offering (IPO) in London in 2021 due to difficult market conditions. (Reporting by Eric Onstad; Editing by Mark …

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