Reuters UK Business

By Foo Yun Chee BRUSSELS (Reuters) – Amended licensing deals and other changes making it easier for cloud service providers to compete will take effect on Oct. 1, Microsoft Corp said on Monday, a move triggered by complaints about the U.S. software company to EU antitrust regulators. Microsoft President Brad Smith had announced the changes …

Microsoft cloud computing changes to allay EU antitrust concerns effective Oct. 1 Read More »

By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Uniper requested more financial help from the German government on Monday, raising the bill for bailing out the utility group to an eye-watering 19 billion euros ($19 billion), as soaring gas and power prices burn up its cash reserves. Dramatic price increases in recent days have exacerbated …

Germany’s energy bill spirals as Uniper seeks more cash Read More »

HOUSTON (Reuters) -BP Plc may begin restarting its 435,000 barrel-per-day (bpd) Whiting, Indiana, refinery this week after restoring electrical and cooling water systems knocked out by a Wednesday fire, sources familiar with plant operations said on Monday. The timing of the restart may change as repairs to the electrical system and restoration of the cooling …

BP Whiting, Indiana, refinery may begin restart this week -sources Read More »

BERLIN (Reuters) – Germany faces the “bitter reality” that Russia will not restore gas supplies to the country, the German economy minister said on Monday, ahead of planned halt by state energy giant Gazprom of exports to Europe via the Nord Stream 1 pipeline. “It won’t come back … It is the bitter reality,” Robert …

German economy minister says ‘bitter reality’ is Russia will not resume gas supply Read More »

(Reuters) – Deutsche Bank has appointed New York Fed economist and policy adviser Matthew Raskin as a managing director and U.S. head of rates research, according to an internal memo seen by Reuters. Raskin joins the European bank after 15 years in the markets division of the Federal Reserve Bank of New York. In his …

Deutsche Bank appoints Matthew Raskin as head of U.S. rates research – memo Read More »

BRUSSELS (Reuters) – EU antitrust regulators will not appeal a ruling by Europe’s second top court scrapping its 997-million-euro ($991 million) fine against U.S. chipmaker Qualcomm, people familiar with the matter said. The Luxembourg-based General Court in its June judgment faulted the European Commission on its procedural irregularities affecting Qualcomm’s rights of defence, inflicting a …

Exclusive-EU will not appeal court ruling against $991 million Qualcomm fine – sources Read More »

By Nerijus Adomaitis and Nora Buli STAVANGER, Norway (Reuters) -Norwegian carbon dioxide (CO2) storage company Northern Lights and its owners have agreed to store emissions captured at fertiliser-maker Yara’s Dutch operation from 2025 in what they say is a commercial breakthrough for the business. The joint venture founded by oil firms Equinor, TotalEnergies and Shell …

Oil trio’s Northern Lights in Yara CO2 emissions storage deal Read More »

PRAGUE (Reuters) – German Chancellor Olaf Scholz is pushing for majority votes on foreign policy and tax issues in the European Union to prevent the bloc from becoming paralysed by the vetoes of individual states as it is about to take in new members. In the text of a speech for delivery in Prague on …

EU needs majority voting in foreign, tax policy – Scholz Read More »