By Friederike Heine BERLIN (Reuters) -Alphabet unit Google has agreed to change its user data practices to end a German antitrust investigation aimed at curbing its data-driven market power, the German cartel office said on Thursday. The German antitrust watchdog in January issued a charge sheet known as a statement of objections to Google over …
Google changes user data practices to end German antitrust probe Read More »
(Reuters) – Billionaire Elon Musk is under investigation by the U.S. Securities and Exchange Commission over his $44 billion takeoverof social media giant Twitter, according to a Thursday court filing in which the agency sought to compel Musk to testify. The investigation concerns whether Musk broke federal securities laws in 2022 when he bought stock …
Elon Musk’s Twitter takeover being probed by SEC Read More »
By Paul Sandle and Yadarisa Shabong LONDON (Reuters) -Britain’s media regulator on Thursday asked the country’s antitrust authority to investigate U.S. tech giants Amazon and Microsoft’s dominance of the UK cloud market. Ofcom said it had identified features that made it more difficult for UK businesses to use multiple cloud suppliers. Amazon Web Services (AWS) …
UK to examine Amazon and Microsoft’s cloud dominance Read More »
By Tim Hepher, Valerie Insinna and David Shepardson PARIS/WASHINGTON (Reuters) -The family name on the signature approving the sale of a complex jet engine part might perhaps have rung alarm bells: Chirac. It accompanied the sale of a key component called a low-pressure turbine blade by a British distributor to a Florida firm in 2019 …
Analysis-Hunt for suspect jet engine parts spurs call for regulation Read More »
(Reuters) -Paris-based drugmaker Sanofi is exploring a potential acquisition of cancer drugmaker Mirati Therapeutics, Bloomberg News reported on Thursday citing people familiar with the matter. Deliberations are ongoing and there is no certainty they will result in an agreement, the report said, adding that Mirati could also attract interest from other suitors. A Sanofi spokesperson …
Sanofi to explore acquisition of cancer drugmaker Mirati- Bloomberg News Read More »
LONDON (Reuters) – The amount of UK carbon permits to be auctioned to industry next year will fall by 12.4% to their lowest-ever level to be aligned with British government plans for net zero emissions, the UK Emissions Trading Scheme (ETS) Authority said. Next year’s auction calendar will limit the number of carbon permits companies …
Volume of UK CO2 permits to be cut by 12.4% next year under auctions Read More »
By Sinead Cruise and Iain Withers LONDON (Reuters) -Metro Bank shares closed down 26% on Thursday following reports it was exploring options to raise as much as 600 million pounds ($728 million) in debt and equity to bolster its finances, the latest in a string of setbacks to befall the UK lender. Shares in Britain’s …
Metro Bank plunges on talk of big fundraising to fix finances Read More »
By Khushi Singh and Bansari Mayur Kamdar (Reuters) -British shares snapped a three-day losing streak on Thursday, with consumer staples boosting the benchmark FTSE 100 index, though shares of Metro Bank slumped on reports of an urgent capital raise. The benchmark FTSE 100 index gained 0.5%, while the domestically-focused FTSE 250 index rose 0.6%, rebounding …
London stocks post first gain in four days; Metro Bank sinks Read More »
By Anne Kauranen HELSINKI (Reuters) – Finland’s energy authority says it will rule “as soon as possible” on a dispute between the owners of Europe’s largest nuclear reactor and national grid operator Fingrid over the cost of power backup for the 1.6 gigawatt (GW) reactor. Finland’s Olkiluoto 3 (OL3) nuclear reactor started regular power production …
Finnish grid and nuclear plant in dispute over power backup Read More »
(Reuters) – The European Central Bank’s rate hike last month was likely the last although the bank cannot be certain until seeing data available at meetings in December and March, ECB policymaker Peter Kazimir said on Thursday. “And I will repeat that I firmly believe, also on the basis of these (latest core inflation) numbers, …
ECB’s Kazimir: latest hike was maybe the last, still need to see data Read More »
