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By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google Cloud has accused Microsoft of anti-competitive cloud computing practices and criticised imminent deals with several European cloud vendors, saying these do not solve broader concerns about its licensing terms. In Google Cloud’s first public comments on Microsoft and its European deals its Vice President Amit Zavery told …

Exclusive-Google says Microsoft cloud practices are anti-competitive Read More »

WASHINGTON (Reuters) – Underlying inflation in the euro zone is proving sticky, raising concerns that painfully high price growth could be more persistent, European Central Bank board member Isabel Schnabel told a conference on Wednesday. Schnabel argued that quick nominal wage growth may be a sign of second round inflation effects while a widening of …

Euro zone underlying inflation proving sticky -ECB’s Schnabel Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Energy drinks maker Monster Beverage Corp’s Monster Energy has accused Red Bull of targeting it with anti-competitive practices after Red Bull was raided by European Union antitrust regulators last week. The European Commission, which acts as the competition enforcer in the 27-country bloc, said last week it had …

Monster Energy accuses Red Bull of targeting it with anti-competitive tactics Read More »

(Reuters) – UK Finance Minister Jeremy Hunt said Britain would not go “toe-to-toe” with the U.S. and the European Union by offering billions in green subsidies and tax breaks but would look at incentivising private investment, The Times reported on Wednesday. (This story has been refiled to say reported on Wednesday, not Tuesday) (Reporting by …

UK’s Hunt says Britain will not follow US and the EU in green subsidies and tax breaks -The Times Read More »

By Huw Jones LONDON (Reuters) – Britain’s financial watchdog said on Wednesday the introduction of new sustainability disclosure requirements (SDR) for asset managers to prevent greenwashing will be pushed back and softened to avoid excluding many funds. The new requirements aim to stop asset managers over-inflating the sustainability credentials of investment funds they sell – …

UK watchdog to soften sustainability disclosures for asset managers Read More »

STOCKHOLM (Reuters) – Ericsson shareholders voted against discharging the CEO and most of the board members of liability for the tech company’s actions during 2022 at the group’s annual general meeting on Wednesday. Under Swedish law, if board members are not discharged of their liabilities for the previous year by shareholders owning at least 10% …

Ericsson’s board rebuked by shareholders at AGM for second year in a row Read More »

WASHINGTON (Reuters) – Falling energy prices will lower headline inflation towards the Bank of England’s 2% target, but persistent underlying inflation will make it hard for the Bank of England to set monetary policy as the year progresses, Bank of England monetary policy committee member Catherine Mann said on Wednesday. “Gas prices in particular are …

BoE’s Mann: Falling headline inflation, high core, make policy difficult Read More »

(Reuters) – Anglo-French oil company Perenco’s UK unit said on Wednesday it had recovered about 60% of the estimated oil leaked on Sunday at one of its well sites in Wytch Farm in Dorset, southern England. The location of the leak was identified and operations at Wytch Farm remain suspended, the company said in a …

Perenco UK says 60% of oil spill in southern England recovered Read More »

By Tim Hepher and Joanna Plucinska BRUSSELS (Reuters) – The head of budget giant Ryanair drew a line under a rare public spat with Boeing on Wednesday by confirming talks over potentially ordering at least 100 new jets – but insisted significant discounts would still be needed to unlock a deal. Europe’s largest budget carrier …

Ryanair says price still key to new Boeing jet deal Read More »