Receive Breaking News updates as they occur
By Kate Holton LONDON (Reuters) - Microsoft plans to increase prices for some enterprise services by up to 22 percent in Britain following the plunge in the pound, likely hitting thousands of companies and government departments who rely on its cloud and software products. Microsoft said it would increase prices for its enterprise software by 13 percent and for its cloud services by 22 percent from Jan. 1 next year, becoming the latest tech company to raise fees in the wake of the vote to leave the European Union. Britain's shock vote on June 23 triggered the biggest one-day fall in sterling against the dollar and the pound is now down 18 percent against the U.S. currency, prompting computer makers such as Apple, Dell and others to increase prices in Britain.
By Anjuli Davies, William James and Andrew MacAskill LONDON (Reuters) - For decades, Britain's bankers have relied on their industry's outsized status in the economy to find a receptive ear in government. June's vote to quit the EU has triggered a change in leadership and tone in the British government with new Prime Minister Theresa pledging an industrial revival and to build "an economy that works for everyone" - setting nerves jangling in the City of London global financial hub. Reuters spoke to several senior bankers from big British and international banks based in the city, including some involved in discussions with the government over Brexit.
BARTELLA, Iraq (AP) — Iraqi forces shelled Islamic State positions outside Mosul on Monday as fighting to retake the extremist-held city entered its second week and a rights group urged a probe into a suspected airstrike that hit a mosque, killing over a dozen civilians.