By Jonathan Stempel (Reuters) -A U.S. federal appeals court on Wednesday rejected claims by Apple customers that the iPhone maker gave them less iCloud data storage than they paid for when upgrading. In a 3-0 decision, the 9th U.S. Circuit Court of Appeals in San Francisco said reasonable consumers in the proposed class action would …
Apple beats US appeal claiming it shortchanged customers on iCloud storage Read More »
By Jessica DiNapoli and Emma Rumney NEW YORK (Reuters) -Top alcohol makers have been sitting on the sidelines of a cannabis beverage boom, watching brands in the fast-growing category like Cann and Wynk make deals with beer and booze distributors, and gain valuable space on liquor store shelves. Now some alcohol companies, seeing their sales …
Big Alcohol prepares to fight back as buzzy cannabis drinks steal sales Read More »
(Reuters) -BT Group, Britain’s biggest broadband and mobile services provider, is set to name Virgin Media O2’s chief financial officer, Patricia Cobian, as its first female finance chief, The Telegraph reported on Wednesday, citing unnamed sources. Cobian held the finance chief position at Telefonica’s UK mobile network O2 since 2016, before transitioning to the same …
BT to appoint Virgin Media O2’s Cobian as CFO, Telegraph reports Read More »
By Marleen Kaesebier (Reuters) -Banking software group Temenos’ chief financial officer said on Wednesday “wobbles” over U.S. tariffs that caused deals to be delayed in the first quarter are over, as the company reported second-quarter results that beat analyst expectations. The news sparked a 22% surge in the group’s shares at market open on Wednesday. …
Temenos CFO says US tariff ‘wobbles’ over for banks as shares soar after results Read More »
(Reuters) -One Rock Capital Partners, a U.S. private equity firm, is one of the few remaining bidders for BP’s Castrol lubricants business, Bloomberg News reported on Wednesday, citing people familiar with the matter. One Rock and BP declined to comment on the report. The private equity firm is bidding for the entire asset, the report …
BP’s Castrol unit gets One Rock Capital Partners’ bid, Bloomberg News reports Read More »
By Philip Blenkinsop and Trevor Hunnicutt BRUSSELS/WASHINGTON (Reuters) -The European Union and the U.S. are moving toward a trade deal that could include a 15% U.S. baseline tariff on EU goods and possible exemptions, two European diplomats said on Wednesday, potentially moving President Donald Trump closer to another major trade agreement on the heels of …
US, EU trade talks bolstered by Trump’s agreement with Japan Read More »
By Pietro Lombardi, Nina Chestney and Riham Alkousaa MADRID/LONDON/BERLIN (Reuters) -Green hydrogen developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance on fossil fuels. The challenges facing the sector have exposed its initial ambitions as unrealistic. Hard-to-electrify industries that were seen as ideal candidates for green …
Green hydrogen retreat poses threat to emissions targets Read More »
By Kate Abnett BRUSSELS (Reuters) -The European Union has begun consultations to further simplify environmental policies after cutting back an initial set of sustainability laws earlier this year in response to criticism from industries. The move is part of the EU’s “simplification” agenda to slash red tape for industries who say that complex bloc-wide legislation …
EU eyes more cutbacks to environmental laws after industry criticism Read More »
By Gwladys Fouche and Nerijus Adomaitis OSLO (Reuters) -Norway’s Equinor booked on Wednesday a $955 million impairment on an offshore wind project in the United States, citing U.S. tariffs and the uncertainty of the U.S. regulatory environment under President Donald Trump. Hopes the industry had harboured that projects in the United States would revive the …
Blaming Trump, Equinor books a $955 million US offshore wind writedown Read More »
MADRID (Reuters) -Developers of green hydrogen have scaled back investments and scrapped projects globally as elevated production costs and weak demand for the low-carbon fuel have made many ventures unviable. Here are some projects that have been cancelled, postponed or scaled back. EUROPE ** Energy company LEAG’s plans to build one of Europe’s largest green …
Factbox-Cancelled and postponed green hydrogen projects Read More »
