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(Reuters) – Oracle Corp. has started to offer MySQL HeatWave, its cloud database service for transactions, analytics and machine learning, on Amazon’s AWS cloud, allowing customers whose data is already parked there to use the service, the U.S. company said on Monday. The new offering is not through a partnership with Amazon.com Inc which has its …

Oracle offers its MySQL HeatWave database and analytics on Amazon’s cloud Read More »

By Foo Yun Chee BRUSSELS (Reuters) – The European Union wants to enact tougher rules for media groups seeking to acquire smaller rivals on whether their deals ensure media pluralism and safeguard editorial independence, according to draft EU rules seen by Reuters. The Media Freedom Act (MFA), which the European Commission will present later this …

EU wants to assess media mergers for media pluralism, editorial independence Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Amazon’s proposal to halt certain online selling and marketing practices in a bid to avert possible hefty EU antitrust fines should be rejected because it is weak and full of loopholes, a group of 11 non-governmental bodies have told EU regulators. The criticism from the group, which includes …

Amazon’s offer to end EU antitrust probe is full of loopholes, NGOs say Read More »

BRUSSELS (Reuters) – European Union countries can use 225 billion euros ($227.57 billion) in untapped loans from the EU’s recovery fund to address energy problems and other challenges resulting from the Russian war in Ukraine, a senior EU official said on Monday. The European Union launched an unprecedented 800 billion euro joint borrowing programme last …

EU countries can use 225 billion euros of EU loans for energy crisis Read More »

(Reuters) -French industrial group Schneider Electric is nearing a deal to take full control of British software company Aveva Group Plc for about 3.5 billion pounds ($4.1 billion), Sky News reported on Monday. The boards of both companies are discussing a price of more than 30 pounds a share for Schneider to acquire the roughly …

France’s Schneider nearing deal to buy remaining Aveva shares for $4.1 billion -Sky News Read More »

By Sinead Cruise, Carolyn Cohn and Kate Holton LONDON (Reuters) -Britain’s financial industry is dialling down activities in the run-up to the funeral of Queen Elizabeth next Monday, cancelling events and paring business, as a nation in mourning prepares to bid farewell to Britain’s longest-serving monarch. Post-summer parties have been scrapped, and policy announcements and …

Parties scrapped and bells toll as UK finance sector pays respect Read More »

By Lananh Nguyen NEW YORK (Reuters) – Barclays PLC is very “far along” in discussions with the U.S. Securities and Exchange Commission after it sold securities in breach of U.S. rules, the bank’s chief executive said on Monday. “We are very, very far along in discussions with the SEC on resolving outstanding issues with that …

Barclays is ‘far along’ in discussions with SEC on securities selling error -CEO Read More »

BERLIN (Reuters) – Lufthansa Chief Executive Carsten Spohr said on Monday that flight prices will never return to where they were before the pandemic, forecasting stable or increasing prices in future. Tickets selling for under 20 euros was irresponsible and too low, Spohr said at an event in Berlin. The industry needed rising prices to …

Lufthansa CEO says ticket prices won’t return to pre-pandemic levels Read More »

(Reuters) – The London Metal Exchange (LME) is unsure about whether it should open on the day of Queen Elizabeth’s funeral, Bloomberg News reported on Monday. The LME has informally indicated to brokers that it intends to keep its market open on Sept. 19, the report said, citing people familiar with the matter. The metal …

LME debates opening on day of Queen’s funeral – Bloomberg News Read More »