By Sam Tobin LONDON (Reuters) -Microsoft is challenging Britain’s decision to block its $69 billion takeover of “Call of Duty” maker Activision Blizzard on the grounds of “fundamental errors” in the assessment of Microsoft’s cloud gaming services. Britain’s anti-trust regulator, the Competition and Markets Authority (CMA), vetoed the deal in April, saying it could hurt…
By James Davey LONDON (Reuters) – Britain’s departure from the European Union has accounted for about a third of the increase in food bills for households since 2019, equivalent to about 250 pounds ($316), researchers from the London School of Economics and other universities said. Britain has been battling inflation for over a year, partly…
By Martin Coulter and Supantha Mukherjee LONDON/STOCKHOLM (Reuters) -For months, Sam Altman, CEO of Microsoft-backed OpenAI has urged lawmakers around the world to draw up new rules governing the technology. On Wednesday, he threatened the ChatGPT maker may leave the EU if the bloc “overregulated”. Altman has spent the past week crisscrossing Europe, meeting…
By William Schomberg and Andy Bruce LONDON (Reuters) – British inflation fell in April but by less than expected and it remains above the rate of price growth in the United States and most of Europe, putting pressure on the Bank of England to keep raising interest rates. Britain has struggled more than other countries…
A look at the day ahead in U.S. and global markets from Mike Dolan As the AI-led tech stock boom unfolds, there’s light at the end of the U.S. debt ceiling saga – only markets now reckon the Federal Reserve will tighten policy even further this summer. Investors juggled these three strands over the past…
By Joanna Plucinska and Allison Lampert LONDON/MONTREAL (Reuters) – Nikoleta Dodova is among a growing number of dissatisfied airline customers. Having bought her mother and niece airline tickets from Sweden to Macedonia last year, their flight was cancelled and they ended up at an airport over two hours away. She is still waiting for compensation….
By Mike Dolan LONDON (Reuters) – Britain’s interest rate horizon skyrocketed this week on another alarming inflation reading that some fear entrenches the economy as outlier among Western peers – and yet the pound didn’t know whether to laugh or cry. Unlike its dire reaction to UK bond market ructions surrounding last September’s government budget…
A look at the day ahead in European and global markets from Vidya Ranganathan The week draws to a close with pretty much the same buzz around artificial intelligence and U.S. debt diplomacy that it kicked off with. Stock markets were getting a breather after the excitement over the blowout forecast from chipmaker Nvidia Corp…
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar strengthened for a fourth straight session on Thursday against a basket of major peers to touch a two-month high, as U.S. data pointed to a resilient economy even after an aggressive rate hike cycle by the Federal Reserve. Weekly initial jobless claims rose by 4,000 last…
By Laura Sanicola (Reuters) – Oil prices settled lower on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts at its meeting next week. Brent crude futures settled down $2.10, or 2.7%, to $76.25 a barrel. U.S. West Texas Intermediate crude (WTI) settled down $2.51, or 3.4%,…
