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Search resuls for: "Muvija M"


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Broadcom's $69 bln VMware deal wins provisional UK clearance
  + stars: | 2023-07-19 | by ( ) www.reuters.com   time to read: +2 min
[1/2] 3D printed clouds and figurines are seen in front of the VMware cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/IllustrationLONDON, July 19 (Reuters) - Britain's competition regulator provisionally cleared U.S. tech company Broadcom's (AVGO.O) $69 billion purchase of VMware (VMW.N) on Wednesday, saying the deal would not weaken competition in the supply of critical computer server products. The proposed deal has highlighted chipmaker Broadcom's aim to diversify into enterprise software, but comes as regulators worldwide ramp up scrutiny of deals by Big Tech. Broadcom welcomed the unconditional approval, saying it expects to close the deal in the current fiscal year. The $69 billion deal, consisting of $61 billion in equity and the rest in debt, is also being examined by U.S. Federal Trade Commission.
Persons: Dado Ruvic, Muvija M, Paul Sandle, William James, Jane Merriman Organizations: VMware, REUTERS, Broadcom's, Union, Broadcom, CMA, Big Tech, U.S . Federal Trade Commission, Activision, Thomson Locations: British
LONDON, July 18 (Reuters) - Britain is set to secure a commitment from Tata's Jaguar Land Rover to build a battery plant in southwest England to supply a new range of electric Jaguar and Land Rover vehicles, Bloomberg reported on Tuesday. India's Tata has chosen a site in Somerset, the Bloomberg report said, citing people familiar with the plans. The company is set to outline its decision as soon as this week, the report added. A government spokesperson said there was no update on any timelines for an announcement. Reporting by Muvija M and Alistair Smout; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.
Persons: India's Tata, Tata, Rishi Sunak's, Muvija M, Alistair Smout, William James Our Organizations: Rover, Bloomberg, Britain, Thomson Locations: Britain, England, Somerset, Spain
Some workers suspend strikes at London's Gatwick -union
  + stars: | 2023-07-18 | by ( ) www.reuters.com   time to read: +1 min
LONDON, July 18 (Reuters) - A first round of strikes planned by baggage handlers working with easyJet (EZJ.L) at London's Gatwick airport has been suspended after a better pay offer, their union said on Tuesday, warning that other walkouts will still go ahead. Around 600 DHL workers who fulfil contracts for Gatwick's biggest airline easyJet (EZJ.L) have called off strikes planned for 28 July to 1 August and will now be balloted on the new pay offer, trade union Unite said in a statement. "As an act of good faith, Unite’s Gatwick DHL members have agreed to suspend their first set of strikes while they are balloted on the new offer," Unite Regional Officer Dominic Rothwell said. If members were to reject the deal, the union said it would set out fresh strike dates. Strikes planned by around 450 ASC, Menzies Aviation and GGS staff, who work for other airlines including British Airways, are still scheduled to take place from July 28 to Aug. 1 and from Aug. 4 to Aug. 8.
Persons: Dominic Rothwell, Sarah Young, Muvija, William James Our Organizations: London's Gatwick, Gatwick, DHL, Gatwick's, Gatwick DHL, Menzies Aviation, British Airways, Thomson Locations: London's, London
UK regulator extends Microsoft-Activision deadline to Aug. 29
  + stars: | 2023-07-14 | by ( ) www.reuters.com   time to read: +1 min
LONDON, July 14 (Reuters) - Britain's competition regulator on Friday extended its final deadline on Microsoft's $69 billion Activision Blizzard deal to Aug. 29 after its received a "detailed and complex" new proposal from Microsoft that claimed material changes in circumstance. The Competition and Markets Authority (CMA) become the first major regulator to block the acquisition of the "Call of Duty" maker in April when it issued its final report. Yet on Wednesday the CMA said a restructured deal between Microsoft and Activision could satisfy its concerns, subject to a new investigation. On Friday it extended its deadline to either accept final undertakings or make a final order by six weeks to Aug. 29, although it said it would aim to do it as soon as possible and before that date. Reporting by Muvija M and Paul Sandle; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
Persons: Muvija M, Paul Sandle, Jason Neely Organizations: Activision, Microsoft, Markets Authority, CMA, U.S, FTC, Ninth Circuit, Appeals, Thomson
The U.S. Federal Trade Commission is also opposed, but it suffered a major defeat on Tuesday when a federal court ruled in favour of Microsoft. It is battling on and filed an emergency motion to an appeals court requesting a "temporary pause" to the deal closing late on Thursday. Yet on Tuesday, less than an hour after a U.S. federal court ruled the deal could go ahead, the CMA said it could look again at a modified proposal. A Bloomberg report said Microsoft and Activision were considering giving up some control of their cloud-gaming business in Britain to appease the CMA. Additional reporting by Muvija M; editing by Jason Neely and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Brad Smith, Jeremy Hunt, Smith, Gareth Mills, Charles Russell Speechlys, They'll, Muvija, Jason Neely, Louise Heavens Organizations: CMA, Microsoft, Activision, Markets Authority, U.S . Federal Trade Commission, Bloomberg, Thomson Locations: Britain, EU
[1/2] Demonstrators protest at a picket line outside of St Thomas' Hospital as junior doctors strike over pay and conditions, in London, Britain, June 14, 2023. REUTERS/Toby Melville/File PhotoSummary UK accepts independent pay recommendationsDecision follows widespread industrial reactionLONDON, July 13 (Reuters) - Britain's government has decided to accept recommendations for pay increases for millions of public sector workers, treasury minister John Glen said on Thursday, giving doctors and teachers at least 6% increases. Junior doctors will now get a 6% pay uplift and a lump-sum pay increase of 1,250 pounds ($1,633.25), while teachers would get 6.5%. He also announced pay increases for police (7%) and armed forces (5%). Glen said there would be no new borrowing or spending to fund the increases although teachers' pay rises would be funded by a reallocation of the existing education department budget.
Persons: Toby Melville, John Glen, Rishi Sunaks, Glen, Muvija M, David Milliken, William James, Kate Holton Organizations: St Thomas ' Hospital, REUTERS, Bank of England, Thomson Locations: St, London, Britain
"It is really an unprecedented and dramatic turn of events," said Alex Haffner, competition partner at UK law firm Fladgate. Becket McGrath, a partner at Euclid Law, said it seemed like the CMA wanted a way out of an "uncomfortable position". Still, with the larger $69 billion deal back on track, the two sides are now focused on modifying the deal to obtain regulatory approval. Jonathan Compton, partner at law firm DMH Stallard and a specialist in competition law, said it was difficult to see what structural alterations the company could make. Britain's competition regulator has not given any further clarification on its U-turn or the new investigation, including whether it would fit into its Phase 1 and 2 process, the latter of which can take up to a year.
Persons: Alex Haffner, Becket McGrath, Jonathan Compton, DMH, Euclid's McGrath, Sarah Cardell, Paul Sandle, Muvija, Martin Coulter, Amy, Jo Crowley, Kate Holton Organizations: Microsoft, Activision, Markets Authority, CMA, European Union, Euclid Law, Thomson Locations: United States, Devika
[1/2] A Royal Mail sign is pictured on a delivery lorry at the Mount Pleasant mail centre in London, Britain, February 2, 2023. REUTERS/Peter Cziborra/File PhotoLONDON, July 11 (Reuters) - British postal workers have voted overwhelmingly in favour of a three-year pay deal with employer Royal Mail, ending a long dispute that has cost the company hundreds of millions of pounds and prompted the departure of its boss. "This has been the most challenging period in both the history of the union and the company," Communication Workers Union (CWU) General Secretary Dave Ward said in a statement on Tuesday. Simon Thompson, who took over as Royal Mail's CEO in early 2021, drew heavy criticism from the CWU over his handling of the pay dispute. Royal Mail's parent, International Distributions Services Plc (IDS) (IDSI.L), said the agreement provided Royal Mail a platform for the next phase of "stabilising the business whilst continuing to drive efficiencies and change".
Persons: Peter Cziborra, Dave Ward, Simon Thompson, Muvija, William James, Mark Potter Organizations: Mount, REUTERS, Royal Mail, Communication Workers Union, Royal, International, Services, IDS, Thomson Locations: Mount Pleasant, London, Britain
LONDON, July 8 (Reuters) - The Church of England will work towards drafting new pastoral guidance and other material needed to allow same-sex couples to receive blessings from priests over the next few months, it said on Saturday. "It has been good to hear their (synod members') reflections, and we will take these away to feed into the concentrated drafting work that starts now. We look forward to reconvening in November," Sarah Mullally, the Bishop of London, said in a statement. The CoE, central to the worldwide Anglican communion, does not allow same-sex marriage in its churches, and its discourse on homosexuality and gender is closely monitored by millions of Anglicans around the world. Reporting by Muvija M, Editing by Franklin PaulOur Standards: The Thomson Reuters Trust Principles.
Persons: Sarah Mullally, Bishop, London, CoE, The CoE, Muvija, Franklin Paul Organizations: Franklin Paul Our, Thomson Locations: reconvening
LONDON, July 9 (Reuters) - British finance minister Jeremy Hunt will spell out on Monday long-awaited plans to encourage pension funds and other asset managers to invest in high-growth sectors, the Treasury said on Sunday. But the pensions industry has said it opposes mandatory investment quotas. Financial services lobby group TheCityUK said government policy should aim for pension funds to invest in growth and in turn deliver higher returns. "On average, Australian and Canadian pension funds currently provide better performance. Hunt was also expected to reiterate that bringing down high inflation remained his priority, saying there could be "no sustainable growth without first eliminating the inflation that deters investment and erodes consumer confidence".
Persons: Jeremy Hunt, Hunt, TheCityUK, Muvija, William Schomberg, Helen Popper Our Organizations: Treasury, Reuters, Financial Times, Thomson Locations: British, London's
LONDON, July 8 (Reuters) - U.S. President Joe Biden will arrive in Britain on Sunday for a brief visit during which he will meet British Prime Minister Rishi Sunak and discuss climate change issues with King Charles ahead of the upcoming NATO summit. Sunak's spokesperson said their discussions would likely include the upcoming NATO summit and Ukraine. The president and the king are due to discuss climate issues, a subject on which Charles, 74, has campaigned and spoken out about for more than five decades. When the two men met at the COP26 U.N. climate summit in Scotland two years ago, Biden praised Charles' leadership on the subject, telling him "We need you badly". Following the meeting, Biden and Sunak leave Britain for Lithuania where NATO leaders will gather for a key summit.
Persons: Joe Biden, Rishi Sunak, King Charles, Sunak, Boris Johnson, Liz Truss, Donald Trump, Biden, Queen Elizabeth, Barack Obama, Charles, Michael Holden, Muvija, Helen Popper Our Organizations: British, NATO, Downing, California's Stanford University, Biden, European Union, Trump, Nordic, Thomson Locations: Britain, Washington, Ukraine, United States, Santa Monica, Windsor, London, Scotland, Lithuania, Helsinki
LONDON, June 29 (Reuters) - Microsoft's appeal against Britain's veto of its $69 billion deal to buy Activision Blizzard will go ahead as planned at the end of July after the Competition Appeal Tribunal (CAT) rejected the antitrust regulator's request for a delay. The Competition and Markets Authority, which blocked the takeover in April, wanted the hearing delayed from July 28 to October to give it more time to prepare and present its case. But the CAT said: "We consider that the CMA has not paid sufficient heed to the true public interest in this case – which is the swift resolution of Microsoft's Notice." Reporting by Muvija M and Paul Sandle; Editing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.
Persons: Britain's, Muvija M, Paul Sandle, Kate Holton Organizations: Activision Blizzard, Markets Authority, CMA, Thomson
Salesforce to invest $4 billion in UK on AI innovation
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: +1 min
LONDON, June 29 (Reuters) - Salesforce (CRM.N) will invest $4 billion in its UK business in the next five years, the U.S. software company said on Thursday, thanks to strong demand for digital transformations and artificial intelligence. The company said the plan builds on a previous five-year injection of $2.5 billion it set out in 2018. Salesforce said it would work with the government to drive the next wave of digital transformation "in this new AI era." "A clear pro-innovation regulatory framework that compels safe and responsible use of AI is vital, and Salesforce is fully focused on bringing secure, trusted, enterprise ready generative AI to UK businesses," Salesforce UKI boss Zahra Bahrololoumi said. Earlier in June Salesforce blamed an uncertain U.S. economy and weaker demand from financial services and tech companies for its disappointing quarterly results.
Persons: Brad Smith, Rishi Sunak, Sunak, Salesforce, Zahra Bahrololoumi, Muvija, Sarah Young Organizations: U.S ., Activision Blizzard, NYSE, Thomson Locations: U.S, Britain, British
UK's Hunt says banks agree to ease mortgage payments strain
  + stars: | 2023-06-23 | by ( ) www.reuters.com   time to read: +1 min
LONDON, June 23 (Reuters) - British finance minister Jeremy Hunt said he had agreed new measures with banks and other mortgage lenders on Friday to help homeowners who struggle to meet the cost of fast-rising interest rates. "We agreed some very important things for people who are worried about their rates going up," Hunt said, a day after the Bank of England raised interest rates to 5.0% to fight high inflation. The measures include allowing people who reduce their payments, such as by extending the period of their mortgage or moving to interest-only, to go back to their original package within six months with no impact on their credit rating. Another measure sought to help people at risk of losing their home, with banks agreeing to a minimum 12-month period before a repossession without consent takes place, Hunt said after meeting representatives of the lenders. Reporting by Kylie MacLellan and Muvija M; writing by William Schomberg; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.
Persons: Jeremy Hunt, Hunt, Kylie MacLellan, William Schomberg, William James Our Organizations: Bank of England, Thomson Locations: British
An Ocado grocery delivery van is driven along a street in London, Britain, March 25, 2023. REUTERS/Toby MelvilleLONDON, June 22 (Reuters) - A spokesperson for Amazon (AMZN.O) declined to comment on Thursday on a Times newspaper report that highlighted talk of potential bid interest in British online supermarket group Ocado (OCDO.L). Ocado shares were up 43% by 0923 GMT on the London Stock Exchange following the report. Reporting by James Davey and Muvija M, Editing by Kylie MacLellanOur Standards: The Thomson Reuters Trust Principles.
Persons: Toby Melville LONDON, James Davey, Muvija, Kylie MacLellan Organizations: REUTERS, Amazon, Times, London Stock Exchange, Thomson Locations: London, Britain
Britain celebrates 75th anniversary of 'Windrush' arrivals
  + stars: | 2023-06-22 | by ( ) www.reuters.com   time to read: +3 min
[1/5] Britain's Queen Camilla poses Linda Haye and her family with during a reception to mark the 75th anniversary of the arrival of HMT Empire Windrush to British shores, at Buckingham Palace on June 14, 2023 in London, Britain. During the reception to celebrate the Windrush Generation, ten portraits... Read moreLONDON, June 22 (Reuters) - Prince William said Britain was a better place thanks to the "Windrush generation", as the nation on Thursday celebrated the 75th anniversary of the arrival of the first post-World War Two Caribbean migrants. Many of the events will also acknowledge the prejudices the Windrush arrivals and their descendents have had to overcome. In 2018, Britain apologised for its "appalling" handling of the Windrush generation, after a tightening of immigration policy meant thousands were denied basic rights despite having lived in Britain for decades, and dozens were wrongly deported. His father has commissioned 10 portraits of 10 members of the Windrush generation as part of the celebrations.
Persons: Camilla, Linda Haye, Windrush, Prince William, King Charles ', William, Sarah Young, Michael Holden, Muvija, Sharon Singleton Organizations: Buckingham Palace, National Health Service, Southwark Cathedral, Thomson Locations: Buckingham, London, Britain, Tilbury, Essex, German, Clapham, British, Brixton, Southwark, Windsor
LONDON, June 22 (Reuters) - Ocado Group (OCDO.L) shares surged by over 40% on Thursday after The Times newspaper reported speculation of possible bid interest in the online supermarket and technology group recently squeezed by a cost of living crisis in the UK. The Times noted there was talk of bid interest from more than one U.S. suitor including tech heavyweight Amazon (AMZN.O), pondering the merits of an offer worth 800 pence per share. Ocado declined to comment on either the stock's rise or the Times report. An Ocado grocery delivery van is driven along a street in London, Britain, March 25, 2023. Shares in Ocado rose as much as 46.7% and were briefly on track for their biggest one-day jump on record.
Persons: AJ Bell, Danni Hewson, Toby Melville, Ocado's, Ocado, Spencer, Danilo Masoni, James Davey, Muvija, Mike Holden, Susan Fenton Organizations: Ocado, The Times, Times, Amazon, REUTERS, Jefferies, Marks, Thomson Locations: U.S, London, Britain
Harry and Meghan's Spotify deal comes to an end
  + stars: | 2023-06-16 | by ( ) www.reuters.com   time to read: +2 min
LONDON, June 16 (Reuters) - Prince Harry and his wife Meghan's multi-year agreement with streaming giant Spotify to produce podcasts has ended with just one series made. It was estimated by media to have been worth as much as $20 million or more. But in a joint statement, Spotify and the royal couple's company said the agreement to produce future series had been terminated. "Spotify and Archewell Audio have mutually agreed to part ways and are proud of the series we made together," the statement said. The podcast was one of a number of lucrative deals the couple signed after moving to the United States.
Persons: Prince Harry, Meghan's, Duke, Duchess of Sussex, Mariah Carey, Serena Williams, King Charles, Muvija, Angus MacSwan Organizations: Spotify, Netflix, Thomson Locations: Swedish, California, United States
The more than 100-page report detailed six events held at Downing Street, the prime minister's offices and residence. There is no precedent for a prime minister having been found to have deliberately misled the House (of Commons, lower house of parliament)." It recommended that he should not be entitled to a former member's pass, which enables most former prime ministers and lawmakers to gain automatic access to parliament. But so-called Partygate spelt the beginning of the end for his tenure as prime minister. They have also rowed this week over the former prime minister's resignation honours list.
Persons: Johnson, Boris Johnson, Rishi Sunak, Mr Johnson, Sunak, Thangam Debbonaire, Elizabeth Piper, Alistair Smout, Andrew MacAskill, Kylie MacLellan, Muvija, William James, Kate Holton, Frank Jack Daniel, Angus MacSwan Organizations: Conservatives, Downing, Street, Labour Party, Conservative Party, Thomson Locations: COVID
Raw-boned, pallid and angular, with striking, sharp eyes, she had starred on stage, television and film before quitting to take up politics, declaring: "“An actor's life is not interesting". Jackson also won two Emmy awards for her portrayal of England's Queen Elizabeth I in the BBC's 1971 television series "Elizabeth R". After more than three decades on stage and film, Jackson quit acting and took her no-nonsense, straight-talking style into politics. In 1992, at the age of 55, Jackson won a seat in parliament representing the left-of-centre Labour Party in a constituency in north London. In parliament, Jackson was vociferous in her condemnation of the Conservative Party which she accused of instilling a “"dreadful, dreadful moral malaise" in Britain.
[1/2] Vodafone Group CEO Margherita Della Valle poses in this undated handout picture obtained by Reuters on May 16, 2023. "For Vodafone this transaction is a game changer in our home market," Della Valle, a 29-year company veteran, told reporters. That is likely to take time, but Kester Mann, a director at CCS Insight, said the British announcement would give Della Valle a boost. "She has shown clear intent to make changes at Vodafone as she bids to turn the embattled company's performance around," he said. "Securing approval for a tie-up with (Hutchison's) Three would be a major boost to her early tenure."
Persons: Margherita Della Valle, Della Valle, CK Hutchison, Nick Read, Kester Mann, Kate Holton, Sinead Cruise, Emelia Sithole Organizations: Vodafone, Reuters, Handout, REUTERS, HK, CCS Insight, Thomson Locations: Britain, Hong Kong, Germany, Spain, Italy, British
UK telecoms regulator says it was affected by MOVEit hack
  + stars: | 2023-06-12 | by ( ) www.reuters.com   time to read: +1 min
LONDON, June 12 (Reuters) - Britain's communications regulator Ofcom on Monday said it was one of the organisations affected in a data theft hack centred on the popular file transfer tool MOVEit. "A limited amount of information about certain companies we regulate - some of it confidential - along with personal data of 412 Ofcom employees, was downloaded during the attack," the watchdog said in a statement. Tens of thousands of employees of British Airways, drugstore chain Boots and the BBC were among those whose personal data was exposed following the breach, the companies said last week. Ofcom said it took immediate action to prevent further use of the MOVEit service and to implement the recommended security measures. A limited amount of Ofcom data was downloaded from the MOVEit server during the breach, rather than from Ofcom systems directly, a spokesperson for the regulator said via e-mail.
Persons: Muvija, William James Our Organizations: Ofcom, British Airways, BBC, Thomson
Manchester University flags cyber security incident
  + stars: | 2023-06-09 | by ( ) www.reuters.com   time to read: 1 min
LONDON, June 9 (Reuters) - Britain's University of Manchester flagged a cyber security incident on Friday, saying it had detected unauthorised activity on its network. The university said in a statement that it was working to resolve the issue and establish what data might have been affected. Reporting by Muvija M; editing by Sarah YoungOur Standards: The Thomson Reuters Trust Principles.
Persons: Muvija, Sarah Young Organizations: Britain's University of Manchester, Thomson
Head of London's police force apologises to LGBT+ community
  + stars: | 2023-06-07 | by ( ) www.reuters.com   time to read: +1 min
LONDON, June 7 (Reuters) - The head of London's Metropolitan Police apologised to the city's LGBT+ community on Wednesday for the failings of the past, responding to calls from an activist group to draw a line under what they called "homophobic victimisation." Commissioner Mark Rowley, the country's most senior police officer, made the apology in a letter addressed to gay rights campaigner Peter Tatchell and published by Tatchell's foundation. "If the police say they have changed, they need to show it by acknowledging past wrongs," Tatchell said. Rowley also said the Met would publish a new plan for LGBT+ Londoners and promised to restore LGBT+ community liaison officers across the capital. Reporting by Muvija M, Editing by William JamesOur Standards: The Thomson Reuters Trust Principles.
Persons: Mark Rowley, Peter Tatchell, Rowley, Tatchell, Muvija, William James Our Organizations: London's Metropolitan Police, London, Thomson Locations: Britain
LONDON, June 7 (Reuters) - Britain has committed to the removal of Chinese-made surveillance equipment from sensitive government sites as part of its latest plans to address national security concerns related to China. Under Prime Minister Rishi Sunak, who has cast China as the world's greatest challenge to security and prosperity, the government told its departments last year to stop installing Chinese-linked surveillance cameras at sensitive buildings. In an announcement setting out a proposed tightening of procurement rules, the government said:"We will also commit to publish a timeline for the removal of surveillance equipment produced by companies subject to China’s National Intelligence Law from sensitive central government sites. Beijing has said it "firmly opposes" overstretching the concept of national security to suppress Chinese enterprises. Some U.S. states have banned vendors and products from several Chinese technology companies.
Persons: Rishi Sunak, Hikvision, Muvija Organizations: China’s National Intelligence, Government, Huawei, Thomson Locations: Britain, China, Beijing, U.S
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