By Foo Yun Chee BRUSSELS (Reuters) – EU regulators’ plan to make Alphabet’s Google, Meta and Netflix bear some of the costs of the bloc’s telecoms network would distort the telecoms market and harm competition, a group of small telecoms operators said on Tuesday. The warning from MVNO Europe, whose members include Comcast’s pay TV …
Smaller EU telcos say network fee aimed at Big Tech will hurt competition Read More »
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Tuesday dismissed a lawsuit by Abengoa SA shareholders accusing the Spanish engineering and energy company of conducting a massive accounting fraud between 2013 and 2015 that masked a liquidity crisis and culminated in bankruptcy. U.S. District Judge Edgardo Ramos in Manhattan rejected claims, including …
Spain’s Abengoa wins dismissal of U.S. shareholder lawsuit alleging fraud Read More »
LONDON (Reuters) – Centrica’s Rough gas storage site off England’s east coast has received all the regulatory approvals to start storing gas again, Britain’s oil and gas regulator said on Tuesday. Countries across Europe have been building gas stocks ahead of winter to prepare for disruptions to supply of Russian gas, but Britain has had …
Britain allows Centrica to reopen Rough gas storage facility Read More »
By Mimosa Spencer and Elizabeth Pineau PARIS (Reuters) -Russia’s Gazprom said on Tuesday it would fully suspend gas deliveries to major European utility Engie from Thursday in a dispute over contracts, a move which will deepen concerns about Europe’s winter energy supply. Europe is already on notice that Gazprom will shut off the Nord Stream …
Gazprom says it will halt gas supplies to France’s Engie, cites lack of payment Read More »
LONDON (Reuters) – Tens of thousands of workers in Britain’s state-run National Health Service (NHS) will be balloted over a pay offer, the GMB union said on Tuesday. The union said health workers had been offered a flat rate pay increase amounting to between 1% and 7%. Inflation topped 10% in July. The ballot opened …
MOSCOW (Reuters) -Russia’s federal anti-monopoly service (FAS) on Tuesday granted approval to technology companies Yandex and VK to proceed with an asset-swap deal but with some terms aimed at preserving competition. Yandex last week agreed to sell its news aggregator, content platform Zen and homepage yandex.ru to state-controlled VK in a move that is expected …
Russia’s anti-monopoly service approves Yandex-VK internet deal Read More »
(Reuters) – The British government on Tuesday launched an independent review of the country’s Civil Aviation Authority (CAA) as part of a wider programme to ensure the effectiveness and efficiency of public bodies. The review includes ensuring the highest standards of aviation safety and security are being maintained, efficient use of airspace, space operations and …
MOSCOW (Reuters) – The Russian government on Tuesday said it approved handing over a 12.5% stake in operator of Russia’s Sakhalin 2 liquefied natural gas plant to Dubai-based MIT SEL Investment Ltd, a subsidiary of Japanese trading house Mitsui & Co. The move comes after Russian President Vladimir Putin signed a decree in June, which …
Russia gives 12.5% stake in Sakhalin Energy to Mitsui unit Read More »
LONDON (Reuters) -Britain’s gas producers and electricity generators could make excess profits of up to 170 billion pounds ($198 billion) over the next two years, Bloomberg News reported on Tuesday, citing unpublished analysis that the finance ministry disputed. Europe is facing massive increases in energy bills driven by rocketing gas prices as war in Ukraine …
UK gas, electricity industry may make 170 billion pounds excess profits -Bloomberg Read More »
By Bansari Mayur Kamdar and Aniruddha Ghosh (Reuters) -Britain’s stocks ended lower on Tuesday, dragged down by energy and mining shares on fears that more aggressive interest rate hikes from central banks will lead to a global economic downturn. The blue-chip FTSE 100 index fell 0.9% to record its worst day in almost seven weeks. …
