Reuters UK Business

(Reuters) – British engine maker Rolls-Royce has made no decisions regarding changes to its workforce, a company spokesperson said on Saturday, after a Sunday Times report said the company was expected to cut about 3,000 non-manufacturing staff. The Sunday Times report added that chief executive Tufan Erginbilgic has hired consultants led by McKinsey to advise …

Rolls Royce says no decisions yet about workforce change after report of cuts Read More »

WARSAW (Reuters) – Poland plans to raise the minimum wage twice in 2024 to help people cope with high inflation, Family and Social Policy Minister Marlena Malag said, as the ruling Law and Justice (PiS) party prepares for a parliamentary election later this year. The cost of living has been growing significantly in recent months, …

Poland to raise minimum wage twice in 2024, minister says Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Twitter cannot run away from its obligations even after quitting a voluntary EU code of practice to tackle disinformation, EU industry chief Thierry Breton warned the company late on Friday. Companies which signed up to the code are required to provide regular progress reports with data on how …

Twitter cannot hide from EU rules after exit from code, EU’s Breton says Read More »

By Jonathan Stempel (Reuters) – A former public relations firm for Twitter sued the social media company on Friday, saying it has not paid its bills since Elon Musk’s $44 billion buyout. Joele Frank said Twitter owes $830,498, comprising six unpaid invoices, plus costs for a subpoena in Twitter’s lawsuit to force Musk to complete …

Twitter not paying PR firm’s bills after Musk buyout -lawsuit Read More »

LONDON (Reuters) – Britain’s competition watchdog on Friday said social media giant Meta had offered to limit its use of other businesses’ advertising data for its Facebook Marketplace service to address the regulator’s competition concerns. The Competition and Markets Authority (CMA) said it was minded to accept the commitments, which include advertisers being able to …

Meta offers to limit use of ad data to address UK competition concerns Read More »

By Sam Tobin LONDON (Reuters) -Microsoft is challenging Britain’s decision to block its $69 billion takeover of “Call of Duty” maker Activision Blizzard on the grounds of “fundamental errors” in the assessment of Microsoft’s cloud gaming services. Britain’s anti-trust regulator, the Competition and Markets Authority (CMA), vetoed the deal in April, saying it could hurt …

Microsoft sets out grounds for Activision appeal against UK regulator Read More »

By James Davey LONDON (Reuters) – Britain’s departure from the European Union has accounted for about a third of the increase in food bills for households since 2019, equivalent to about 250 pounds ($316), researchers from the London School of Economics and other universities said. Britain has been battling inflation for over a year, partly …

Brexit to blame for a third of Britain’s food bill rise, researchers say Read More »

By Tommy Wilkes NEW YORK (Reuters) – Lloyd’s of London said in a statement of Friday it had withdrawn from the United Nations-backed Net-Zero Insurance Alliance, the latest in a string of firms to have done so this week amid concerns about the political and regulatory risks of membership. “We continue to support the United …

Lloyd’s of London pulls out of U.N.-backed climate alliance Read More »

DUBROVNIK, Croatia (Reuters) – Falling energy prices will lower underlying inflation in the euro zone and rapid wage growth is not putting undue pressure on prices, European Central Bank Chief Economist Philip Lane said on Friday. Inflation has been stubbornly high for nearly two years and some policymakers have been warning that underlying inflation was …

ECB’s Lane pushes back on core inflation worries Read More »