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Microsoft's OpenAI investment could trigger EU merger review

Microsoft's OpenAI investment could trigger EU merger review

Tue, Jan 09, 2024

The European Commission said it's “checking whether Microsoft's investment in OpenAI might be reviewable” under regulations covering mergers and acquisitions that would harm competition in the 27-nation EU.

Adobe terminates $20 billion deal to buy rival Figma amid regulatory headwinds

Adobe terminates $20 billion deal to buy rival Figma amid regulatory headwinds

Tue, Dec 19, 2023

“Adobe and Figma strongly disagree with the recent regulatory findings, but we believe it is in our respective best interests to move forward independently,” said Shantanu Narayen, chair and CEO, Adobe.

EU agrees law to hit fossil fuel imports with methane emissions limit

EU agrees law to hit fossil fuel imports with methane emissions limit

Wed, Nov 15, 2023

The law will now be put to the European Parliament and EU countries for final approval. That step is usually a formality that waves through pre-agreed deals.

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UK real estate giants fall into red on Brexit

UK real estate giants fall into red on Brexit

Wed, Nov 16, 2016

Real estate giants British Land and Land Securities sank into the red in the first half of 2016, partly hit by sliding commercial property prices after the shock Brexit vote.

EU says Italy at risk of breaking budget rules

EU says Italy at risk of breaking budget rules

Wed, Nov 16, 2016

The European Commission said Wednesday that draft budgets from Italy and seven other eurozone countries risk breaking EU rules, setting up a row with Prime Minister Matteo Renzi ahead of a crucial referendum.

Microsoft offers concessions to EU competition regulator over its $26 billion LinkedIn bid

Microsoft offers concessions to EU competition regulator over its $26 billion LinkedIn bid

Wed, Nov 16, 2016

The decision came after the EU competition enforcer expressed concerns about the deal at a meeting with Microsoft executives last week.

Industry seeks clarity on Brexit, visa on Theresa May's India visit

Industry seeks clarity on Brexit, visa on Theresa May's India visit

Sun, Nov 06, 2016

The recent decision to impose higher visa fees will primarily affect Indian IT companies.

UK govt announces changes to visa policy for non-EU nationals; to affect Indian IT professionals

UK govt announces changes to visa policy for non-EU nationals; to affect Indian IT professionals

Fri, Nov 04, 2016

In a crackdown to curb its soaring immigration figures, the UK government has announced changes to its visa policy for non-EU nationals, which will affect a large number of Indians especially IT professionals.

Jaguar Land Rover agrees inflation-beating UK pay deal

Jaguar Land Rover agrees inflation-beating UK pay deal

Thu, Nov 03, 2016

Jaguar Land Rover agreed a pay deal with its car workers which will beat inflation, pay a higher holiday bonus and an extra lump sum, a source said, in a sign of the pressure facing firms as the cost of living rises after Brexit.

Pound soars as court demands parliament vote on Brexit

Pound soars as court demands parliament vote on Brexit

Thu, Nov 03, 2016

The pound soared against the dollar and euro Thursday after the High Court in London ruled that parliament must approve the start of Britain`s withdrawal from the European Union.

British government loses Article 50 court case

British government loses Article 50 court case

Thu, Nov 03, 2016

The court granted the government permission to appeal against the ruling.

UK bankers confident of London's place after Brexit: Study

UK bankers confident of London's place after Brexit: Study

Wed, Nov 02, 2016

Almost three quarters of British bankers believe London will still be the financial centre of Europe in five years' time, despite risks surrounding Brexit, according to a study published on Wednesday.

Brexit to impact global IT spending in 2016: Report

Brexit to impact global IT spending in 2016: Report

Wed, Oct 19, 2016

While this growth may be good, the IT spending may see the impact of Brexit as many companies remain cautious and as a result have made changes in the investment.

Is India's steel demand growth still under question?

Is India's steel demand growth still under question?

Tue, Oct 11, 2016

On Tuesday, World Steel Association released its Short Range Outlook (SRO) for 2016-17.

Deutsche Bank needs to reassure markets: IMF official

Deutsche Bank needs to reassure markets: IMF official

Wed, Oct 05, 2016

Weak credit demand in advanced economies, in addition to low rates, is also hindering profitability, according to the IMF.

British Steel back in profit after spin-off from Tata Steel

British Steel back in profit after spin-off from Tata Steel

Thu, Sep 29, 2016

British Steel has returned to profit by boosting efficiency after being hived off as a loss-making division from India's Tata Steel in April, Executive Chairman Roland Junck said on Thursday.

Majority of UK CEOs opting to move operations abroad post-Brexit

Majority of UK CEOs opting to move operations abroad post-Brexit

Mon, Sep 26, 2016

The June vote has created uncertainty over Britain`s future economic and trade relationship with the European Union.

European Union ministers scramble to salvage US trade deal

European Union ministers scramble to salvage US trade deal

Fri, Sep 23, 2016

European trade ministers scramble on Friday to salvage talks on a massive free trade deal with the US amid growing calls in key powers France and Germany to abandon negotiations.

British steel workers face prospect of pension quick fix

British steel workers face prospect of pension quick fix

Fri, Sep 09, 2016

A steel industry plan to change its pension scheme and allow the sale of Tata's British operations is likely to be scrapped in favour of a fix that avoids a political row, government and industry sources told Reuters.

Wall Street weighed down as Apple fails to impress

Wall Street weighed down as Apple fails to impress

Thu, Sep 08, 2016

Apple weighed on US stocks on Thursday, a day after the tech giant unveiled the new iPhone 7 that failed to impress Wall Street. Apple fell 2.3% to $105.82, its steepest decline since June 24 when Britain's vote to leave the European Union (EU) unleashed a massive selloff.

Govt taking a relook at free trade agreements: Nirmala Sitharaman

Govt taking a relook at free trade agreements: Nirmala Sitharaman

Wed, Sep 07, 2016

Government is reviewing free trade agreements (FTAs) that India has signed with trading partners after the industry voiced concerns about benefits of these pacts for domestic players.

World stocks hit one-year highs as US Fed rate hike prospects fade

World stocks hit one-year highs as US Fed rate hike prospects fade

Wed, Sep 07, 2016

World stocks hit their highest in more than a year and the dollar fell against the yen on Wednesday as expectations of a rise in US Federal Reserve interest rates receded after weak US economic data. Wall Street looked set to open flat to slightly lower, according to index futures.

Britain presses for 'unique' deal with EU after Brexit

Britain presses for 'unique' deal with EU after Brexit

Tue, Sep 06, 2016

Britain's new government, under Prime Minister Theresa May, has so far given little detail of what the country wants when it leaves the EU, saying it was focusing on preparing its negotiating stance for when it triggers the divorce procedure.

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