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Microsoft, Amazon make it harder to switch cloud, UK watchdog says

Ofcom said it received evidence showing Microsoft makes it less attractive for customers to run its Office productivity apps on cloud infrastructure other than Microsoft Azure. Igor Golovniov | Sopa Images | Lightrocket via Getty Images Microsoft and Amazon were accused by U.K. regulators Wednesday of unfairly restricting competition in …

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Switzerland faced a bank run if Credit Suisse went bankrupt: Swiss regulator

The Credit Suisse logo seen displayed on a smartphone and UBS logo on the background. Sopa Images | Lightrocket | Getty Images Allowing the bankruptcy of troubled lender Credit Suisse would have crippled Switzerland’s economy and financial center and likely resulted in deposit runs at other banks, Swiss regulator FINMA …

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US sports giant Fanatics buys top Italian football club merchandiser

Dusan Vlahovic, Weston McKennie, Arkadiusz Krystian Milik of Juventus during an autograph session at Juventus Megastore on December 21, 2022 in Turin, Italy. Daniele Badolato – Juventus Fc | Juventus Fc | Getty Images Fanatics has captured much of the sports merchandise market in the U.S., with the sports platform …

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Virgin Orbit files for Chapter 11 bankruptcy protection in the U.S.

The company’s modified 747 jet “Cosmic Girl” in Mojave, California. Virgin Orbit Virgin Orbit on Tuesday filed for Chapter 11 bankruptcy protection in the U.S. after failing to secure a funding lifeline. The California-based satellite launch company lodged the filing in the U.S. Bankruptcy Court in the District of Delaware …

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Asset manager on where trillions needed for energy transition will go

The growing influence of technologies connected to the energy transition can be seen everywhere, from the increasingly common sight of electric vehicles on our roads to the development of vast renewable energy projects like the Hornsea 2 offshore wind farm. The shift to a low and zero carbon future will …

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Paris set to ban rented e-scooters after an overwhelming 90% vote for their removal

Lime and Dott electric scooters are parked on the pavement on March 29, 2023 in Paris, France. Chesnot | Getty Images News | Getty Images Paris Mayor Anne Hidalgo pledged to ban rented e-scooters from the French capital after a huge majority of residents backed the move. In a non-binding …

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Hydrogen a clean energy bridge for renewables expansion: CEO

The planet appears to be at a major crossroads when it comes to meeting climate-related goals. Discussions about how to mitigate the effects of climate change are closely tied to the energy transition, which can broadly be seen as a plan to shift away from fossil fuels to a system …

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Inflation in the euro zone dropped in March, but the ECB’s path is unclear

A market stall in Madrid, Spain. Analysts digest the latest inflation numbers out of the euro zone. Europa Press News | Europa Press | Getty Images Inflation in the euro zone dropped significantly in March as energy prices continued to fall, while core expenses picked up to an all-time high. …

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Britain to join CPTPP in biggest trade deal since Brexit

A Union Jack flag flies near the Elizabeth Tower, commonly referred to as Big Ben, at the Houses of Parliament in central London, U.K., on March 29, 2017. Justin Tallis | AFP | Getty Images Britain struck a historic trade deal to join a vast Indo-Pacific trade bloc after nearly …

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EU regulators distance themselves from Credit Suisse bond writedowns

Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images BRUSSELS — European regulators distanced themselves from the Swiss decision to wipe out $17 billion of Credit Suisse‘s bonds in the wake of the bank’s rescue, …

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