Friday, 5 Jul 2024

Business

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Apple says Spotify wants benefits of a free app without being free

(Reuters) – Apple Inc on Thursday responded to Spotify Technology SA’s complaint with EU antitrust regulators, saying the audio streaming service “wants all the benefits of a free app without being free”. Spotify, launched a year after Apple unveiled its first iPhone in 2007, said on Wednesday the company unfairly limits rivals to its own […]

US court dismisses Kelleher's €1bn case against Nama

Irish developer Garrett Kelleher has seen a $1.2bn (€1.05bn) case his firm took against the National Asset Management Agency (Nama) dismissed by a US court. The judge overseeing the case agreed with the agency that Nama could not be subject to the jurisdiction of the Chicago court in the case. A Nama spokesman said the […]

Wagamama coming to 14 new locations – including your phone

Last year Wagamamas was bought by the people who also own Frankie and Benny’s and Chiquito – and they’ve just revealed what they plan to do with it. The good news for Waga fans is the new owners are impressed and the main thing they seem to be looking for is "more". "We have made […]

Global stocks rise on renewed trade hopes, set for best week since January

LONDON (Reuters) – Global stocks rose on Friday after a report that U.S.-China trade talks were making progress and a vote by UK lawmakers to delay the British exit from the European Union. European stocks markets opened higher, with the pan-European STOXX 600 index reaching its highest since October. S&P 500 futures also gained, indicating […]

Buffett's Berkshire says vice chairmen Jain, Abel each make $18 million

(Reuters) – Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the leading candidates to succeed Warren Buffett as the conglomerate’s chief executive. Abel, 56, and Jain, 67, who […]

Interserve faces administration but all jobs are to be saved in sale

Outsourcing firm Interserve is on the verge of collapse after investors rejected a rescue deal that would have seen their holdings slashed. The stricken company said trading in its shares had been immediately suspended pending administration and a planned sale that will see its various divisions – and 45,000 UK staff – protected. Interserve had […]

Very worst energy firms for customers revealed – along with who’s best

In proof that more choice isn’t always a good thing, new figures show rising numbers of energy firms are offering customers bad service. And it’s the new companies that are worst, figures from Citizens Advice show. The charity’s latest league table shows five new or smaller energy suppliers – Outfox The Market, Eversmart Energy, PFP […]

China’s Premier Acknowledges Economic Slowdown, Promising Tax Cuts

BEIJING — China’s premier delivered on Friday the clearest acknowledgment yet from a top Chinese official that the country’s economy is slowing and faces a series of difficulties. Li Keqiang, who as premier is China’s second-highest official after President Xi Jinping, said at his annual news conference that the answer lies in cutting corporate taxes […]

HK suspends UBS sponsor license, fines it and others $100 million for IPO failures

HONG KONG (Reuters) – Hong Kong’s securities regulator banned UBS from leading initial public offerings (IPOs) in the city for a year, while fining it and rivals including Morgan Stanley a combined $100 million for due diligence failures on a series of IPOs. UBS is the first major bank involved in stock listings to face […]