Reuters UK Business

By Martin Coulter and Foo Yun Chee LONDON (Reuters) – British media regulator Ofcom will this week push for an antitrust investigation into Amazon and Microsoft’s dominance of the UK’s cloud computing market, according to two sources familiar with the matter. Between them, Amazon and Microsoft enjoy a combined market share of 60-70% of Britain’s …

UK regulator to push for probe into Amazon, Microsoft cloud dominance Read More »

By Shariq Khan, David French and Ron Bousso (Reuters) – BP Plc is exploring the sale of a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, hoping to raise as much as $1 billion, according to people familiar with the matter. The potential divestment would help BP meet …

BP explores $1 billion US pipelines stake sale -sources Read More »

By Katie Paul NEW YORK (Reuters) -Meta is planning to lay off employees on Wednesday in the unit of its metaverse-oriented Reality Labs division focused on creating custom silicon, two sources familiar with the matter told Reuters on Tuesday. Employees were informed of the layoffs in a post on Meta’s internal discussion forum Workplace on …

Exclusive-Meta to lay off employees in metaverse silicon unit on Wednesday Read More »

By Louise Rasmussen and Alexander Marrow COPENHAGEN (Reuters) – Danish brewer Carlsberg said on Tuesday it had ended licence agreements for its brands in Russia, retaliating against what it described as Moscow’s illegitimate takeover of its Russian breweries in July. Russian President Vladimir Putin ordered the temporary seizure of Carlsberg’s Russian stake in local brewer …

Fighting back, brewer Carlsberg ends licence agreements in Russia Read More »

HELSINKI (Reuters) – Norway’s Adevinta said on Tuesday it had set up an independent committee to review an acquisition offer from an investor consortium led by Permira and Blackstone. Adevinta’s shares rose more than 20% after the bid was announced on Sept. 22 and backed by the company’s large shareholders Ebay and Schibsted. The online …

Adevinta sets up committee to review acquisition offer Read More »

QATAR (Reuters) – Global prices of liquefied natural gas (LNG) are expected to soften by the end of the decade as new supply comes online, the CEO of French energy firm TotalEnergies said in Qatar on Tuesday. (Reporting by Imad Creidi; writing by Ron Bousso; Editing by Sharon Singleton)

(Reuters) -Meta Platforms is exploring a plan that could make users in the European Union shell out as much as $14 to access ad-free versions of Instagram or Facebook or agree to personalized ads for the free versions, the Wall Street Journal reported on Monday. Under the plan, Meta would charge roughly 10 euros ($10.46) …

Meta floats $14 a month ad-free plan for Instagram, Facebook in EU – WSJ Read More »