Reuters UK Business Archives - Page 2563 of 3179

Revolut audit queries, skittish regulators complicate its UK licence bid -sources

7 Apr 2023 7 Apr 2023

By Stefania Spezzati and Amy-Jo Crowley LONDON (Reuters) -After the accuracy of Revolut Ltd.’s accounts drew scrutiny from regulators, the firm’s plan to secure a U.K. banking licence is facing delays, according to two people familiar with the company. Last month, audit firm BDO issued a so-called qualified opinion for Revolut’s 2021 accounts. While BDO …

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Special Report – Tesla workers shared sensitive images recorded by customer cars

6 Apr 2023 7 Apr 2023

By Steve Stecklow, Waylon Cunningham and Hyunjoo Jin LONDON/SAN FRANCISCO (Reuters) – Tesla Inc assures its millions of electric car owners that their privacy “is and will always be enormously important to us.” The cameras it builds into vehicles to assist driving, it notes on its website, are “designed from the ground up to protect …

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Barclays investors urged to reject bonuses for ex-CFO

6 Apr 2023 6 Apr 2023

By Iain Withers LONDON (Reuters) -Investor advisory firm Glass Lewis has recommended that Barclays’ shareholders vote against its bosses’ pay because of long-term bonuses awarded to one former executive who was finance chief when the bank sold billions of pounds of securities in error. The British bank is also set to face scrutiny at its …

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ChatGPT maker to propose remedies over Italian ban

6 Apr 2023 6 Apr 2023

By Supantha Mukherjee, Elvira Pollina and Martin Coulter ROME/STOCKHOLM (Reuters) -ChatGPT producer OpenAI plans to present measures on Thursday to remedy concerns that led to an Italian ban on the chatbot last week, Italy’s data protection agency Garante said. Microsoft Corp-backed OpenAI took ChatGPT offline in Italy after Garante last week temporarily restricted it and …

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Investors join activists to press TotalEnergies on climate targets

6 Apr 2023 6 Apr 2023

LONDON (Reuters) -A group of investors with $1.1 trillion in assets under management has joined climate activist group Follow This in asking TotalEnergies shareholders to push for more ambitious targets on emissions cuts. The resolution filed for the company’s May 26 annual general meeting follows others that Follow This has filed for coming shareholder meetings …

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U.S., Microsoft reach settlement over tech firm’s sanctions violations

6 Apr 2023 6 Apr 2023

By Kanishka Singh WASHINGTON (Reuters) -The United States and Microsoft Corp reached a settlement on Thursday over the tech firm’s apparent violations of sanctions and export controls, which it disclosed voluntarily, the government and the company said. Microsoft has agreed to remit about $3 million to settle its potential civil liability for more than 1,300 …

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Acting CEO of Poland’s biggest bank PKO BP resigns

6 Apr 2023 6 Apr 2023

By Patrycja Zaras (Reuters) -Poland’s biggest bank PKO BP’s acting Chief Executive Pawel Gruza will step down from his role on April 12, the bank said on Thursday. Gruza plans to stay on the bank’s management board and continue serving in the role of vice-president of the management board but will not seek the chief …

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UK imposes price cap on Motorola’s radio network for emergency services

6 Apr 2023 6 Apr 2023

(Reuters) -Britain’s antitrust watchdog said on Wednesday it would restrict how much Motorola Solutions Inc could charge the emergency services to use its radio network, Airwave. The U.S.-based walkie-talkie maker said it disagreed with the regulator’s decision and would appeal it. “We are generally reluctant to impose price controls, but the particular circumstances of this …

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Amazon and Microsoft cloud services face UK antitrust probe

6 Apr 2023 6 Apr 2023

LONDON (Reuters) -Amazon and Microsoft, the two dominant cloud providers, face an antitrust investigation in Britain after the communications regulator said some aspects of the market, including fees to switch supplier, were a cause for concern. Ofcom, which started looking into cloud services last year, said it was particularly worried about the practices of Amazon …

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Italy probes Meta over abuse of position in music rights case

6 Apr 2023 6 Apr 2023

MILAN (Reuters) – Italy’s antitrust authority said on Wednesday it would investigate Meta Platform over the possible abuse of its position in talks over the rights to music posted on Meta’s platforms and potentially hurting competition in the sector. The dispute involved the Italian society of authors and publishers, SIAE. According to the antitrust regulator, …

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