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European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsBRUSSELS, Nov 23 (Reuters) - The European Union is considering broadening the scope of proposed cybersecurity labelling rules that would affect not just Amazon (AMZN.O), Alphabet's (GOOGL.O) Google and Microsoft (MSFT.O) but also banks and airlines, according to the latest draft of the rules.The EU move to set up such a system comes as Big Tech looks to the government cloud market to drive growth in the coming years while a...

EU flag and TikTok logo are seen in this illustration taken, June 2, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSTOCKHOLM, Nov 16 (Reuters) - TikTok on Thursday joined Meta (META.O) in appealing against the "gatekeeper" status under the Digital Markets Act (DMA), an EU law that brings in tougher rules for tech companies and makes it easier for users to move between competing services.Meta on Wednesday challenged the "gatekeeper" designations for its Messenger and Marketplace platforms, but did not appeal against the status for Facebook, Instagram and WhatsApp.The European Union...

An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - The U.S. Federal Reserve on Wednesday proposed slashing by nearly a third the amount of so-called "swipe fees" banks can charge merchants for processing debit-card transactions, setting up a pitched battle between the two industries over potentially billions of dollars in revenue.Citing data that showed the costs of processing such transactions had fallen by roughly half in recent years, the Fed proposed cutting the current cap...

Oct 13 (Reuters) - As big U.S. corporations kicked off corporate earnings season this week, executives addressed the Israel-Hamas conflict and some companies launched fundraising efforts."I just want to say how deeply saddened that we all are about the recent horrific attacks on Israel ... Terrorism and hatred have no place in our civilized world," JPMorgan Chase (JPM.N) CEO Jamie Dimon said on a post-earnings call before diving into results.He warned that the war in Ukraine, compounded by the attacks on Israel, could have "far-reaching impacts on energy and food...

A sign of Microsoft Corp's Bing search engine is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China September 21, 2018. Picture taken September 21, 2018. REUTERS/Stringer/File Photo Acquire Licensing RightsBRUSSELS, Oct 9 (Reuters) - EU antitrust regulators are asking Microsoft's (MSFT.O) users and rivals whether Bing should comply with new tough tech rules and also whether that should be the case for Apple's (AAPL.O) iMessage, people familiar with the matter said on Monday.The European Commission in September opened investigations to assess whether Microsoft's Bing, Edge and Microsoft...

Sept 14 (Reuters) - Shares in SoftBank's Arm Holdings (ARM.O) soared almost 25% above their Nasdaq debut price on Thursday, rekindling investor hopes for a turnaround in the moribund market for initial public offerings (IPO).The stock, which had opened at $56.10, notched a 24.68% gain to close at $63.59, giving the British chip designer a valuation of $65 billion in its return to public markets following a seven-year absence. The IPO had priced at $51.Arm's strong performance suggests that investor demand for initial public offerings, which had been hit hard...