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Exxon’s Russian oil output collapsed after rejecting local tanker insurance – sources
Date: October 17, 2022
HOUSTON/NEW DELHI (Reuters) – Oil output at the giant Exxon-led Sakhalin-1 Russian Pacific project collapsed following the U.S. major’s refusal to accept local insurance for tankers after Western insurers pulled out due to sanctions, several industry sources told Reuters. Western insurers withdrew cover from tankers operated by state-run Sovcomflot, Russia’s biggest shipping group, which was...
Russian regulator says mobile operator MTS breached anti-monopoly laws
Date: October 13, 2022
MOSCOW (Reuters) -Russia’s competition watchdog on Wednesday said leading telecoms company MTS violated anti-monopoly legislation in raising the price of some mobile tariff plans well above inflation. Prices for most goods and services rose sharply soon after Russia sent thousands of troops into Ukraine in February, sparking hefty Western sanctions. The Federal Antimonopoly Service (FAS)...
EU wants to know if Microsoft will block rivals after activision deal
Date: October 7, 2022
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are asking games developers whether Microsoft will be incentivised to block rivals’ access to “Call of Duty” maker Activision Blizzard’s best-selling games, according to an EU document seen by Reuters. EU antitrust regulators are due to make a preliminary decision by Nov. 8 on whether...
EU countries spar over gas price cap
Date: September 30, 2022
By Kate Abnett, Gabriela Baczynska and Philip Blenkinsop BRUSSELS (Reuters) – European Union countries disagreed on Friday about whether and how to cap runaway gas prices, with Germany among those opposing the measure that 15 other states said was needed to tackle Europe’s energy crunch. Meeting in Brussels on Friday, ministers from the 27 EU...
EU draft rules to make it easier to sue drone makers, AI systems
Date: September 28, 2022
By Foo Yun Chee BRUSSELS (Reuters) – Individuals and companies that suffer harm from drones, robots and other products or services equipped with artificial intelligence software will find it easier to sue for compensation under EU draft rules seen by Reuters. The AI Liability Directive, which the European Commission will announce on Wednesday, aims to...
Bank of England says it won’t take ‘risky bets’ to help city’s competitiveness
Date: September 27, 2022
By Huw Jones LONDON (Reuters) – The Bank of England’s new objective of helping the financial sector remain globally competitive should not encourage risky bets on regulatory standards to win business, BoE executive director Victoria Saporta said on Tuesday. Britain wants a “Big Bang 2.0” – a reference to deregulation of the stock market in...