(MENAFN- ProactiveInvestors - UK)
Three is poised to become the first major European mobile operator to block online advertising on its network signalling a clash with digital publishers and advertising companies the Telegraph reports.
The paper says a deal with Shine a controversial Israeli technology company that specialises in blocking mobile advertising will be announced next week.
Taxi app firm Uber is losing more than $1bn a year in China amid fierce competition from local ride-hailing rivalDidi Kaidi. But Travis Kalanick chief executive insisted that Uber was in a better position than its Chinese rival because it was able to fund its losses the FT writes.
David Cameron urged European leaders to adopt a 'live and let live' approach to Britain where the UK would gain a special deal on the edge of a more integrated bloc the FT also reports.
Liverpool is home to a bigger proportion of fast-growing firms than anywhere else in the UK according to a report by the Enterprise Research Centre (ERC) which says the provinces are now producing more successful new companies than the capital reports the Telegraph.
Centrica chief executive Iain Conn yesterday called on the Chancellor to ease the tax burden on oil producers to support the industry in the North Sea. 'I think the stakes are quite high hundreds of thousands of job are dependent on the North Sea' he said the Mail reports.
VimpelCom an Amsterdam-based telecoms company has agreed to pay US$835mln to settle US and Dutch charges that it paid massive bribes to enter the Uzbekistantelecommunications market the US justice department has said reports the Guardian.
Saudi Arabia shocked oil markets by rejecting any prospect of a cut to its oil production causing prices to fall by as much as 3.5%. Adel al-Jubeir the kingdom's foreign minister said Riyadh was still "not prepared" cut production the Telegraph reports.
Walmart reported its first annual sales decline since at least 1980 as it battles Amazon the strong dollar and a loss of share at its UK Asda stores the FT reports.
The Times adds that Asda slumped to its worst performance on record over Christmas due to the fierce price war in Britain's supermarket sector. The Walmart-owned grocer said that its like-for-like sales dropped by 5.8 % in the final quarter of the year.
Eurotunnel is claiming more than 29 mln in compensation from the French and British governments for disruption to its services caused last year by the migrant crisis the Times also writes.
Market expectations that UK interest rates will remain on hold until 2019 are not justified according to the deputy governor of the Bank of England Sir Jon Cunliffe. 'I can't see anything in the economic news over the last three-to-four weeks that would lead to a shift like that' he said at a conference in Brussels reports the Telegraph.
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