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Business

Microsoft Challenges UK Regulator Over Cloud Market AI Impact Claims

Microsoft has contested the UK Competition and Markets Authority's findings on the cloud computing market, emphasizing the underestimated impact of AI and warning against potential...

Business

Payday Chaos: Major UK Banks Hit by Widespread Online Banking Disruptions

On payday, major UK banks including Lloyds, Halifax, and Nationwide faced significant online banking disruptions, leaving many customers unable to access their funds. Banks are wor...

Business

Siemens Energy Secures Exclusive Deal to Power Rolls-Royce's Next-Gen Nuclear Reactors

Siemens Energy has announced an exclusive deal to supply key technology for Rolls-Royce's future small modular nuclear reactors (SMRs), marking a significant advancement in nuclear...

Business

Allianz Achieves Record Q4 Growth with 16% Revenue Surge to €45.9B

Allianz SE announced a 16% increase in Q4 revenues for fiscal 2024, reaching €45.9 billion, with net income up by 16.9%. The company also reported growth in operating profit and co...

Business

Breaking News: Russia and US Discuss Restoring Direct Flights in Historic Istanbul Meeting

In a significant move, Russia has proposed the US to consider restoring direct air traffic during talks in Istanbul. Discussions also focused on normalizing diplomatic relations, i...

Business

Microsoft Challenges UK Regulator's Cloud Market Analysis, Highlights AI's Role

Microsoft disputes the UK CMA's findings on the cloud market, emphasizing AI's transformative role and warning against regulatory intervention that could stifle growth and investme...

Business

Allianz Reports a Stellar 16% Revenue Growth in Q4, Reaching €45.9 Billion

Allianz SE announced a 16% revenue increase in Q4 2024, reaching €45.9 billion, with net income up by 16.9%. The company's annual revenues grew by 11.2% to €179.8 billion, showcasi...

Business

Payday Chaos: Major UK Banks Hit by Widespread Online Banking Disruptions

Major UK banks experienced online banking disruptions on payday, affecting access to funds. Lloyds, Halifax, Bank of Scotland, TSB, Nationwide, and First Direct were impacted, with...