A lot of excitement has been sparked by what could be one of the biggest deals ever in the technological sector, if it finally goes ahead. Amid fierce resistance from Yahoo, Microsoft’s initial offer of $45bn already looks too low – and it may end up spending billions more....

The European Commission has fined US computer giant Microsoft for defying sanctions imposed on it for anti-competitive behaviour. Microsoft must now pay a record 899m euros ($1.4bn; £680.9m) after it failed to comply with a 2004 ruling that it abused its dominant market position. The ruling said that Microsoft...

Britain is to be the first EU state exempted from the bloc’s telecom market rules in areas with several networks, a reward for boosting competition by functional separation, a European Union source said on Tuesday. European Union rules require national telecoms markets to pass eight tests, such as making...