BRUSSELS (Reuters) - Meta Platforms' ( META ) Facebook and Instagram have failed to tackle deceptive advertising and disinformation ahead of key European Parliament elections, the European Commission said on Tuesday as it opened an investigation into suspected breaches of EU online content rules. The move by EU tech regulators came amid concerns about Russia, China and Iran as potential...

Nigeria’s oil regulator reportedly started the evaluation of Shell plc ( SHEL ) divestment of its 75-year-old Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance, a consortium of five companies. Gbenga Komolafe, the chief executive of the Nigerian Upstream Petroleum Regulatory Commission at the start of the exercise, commented that, “Our goal is clear at this due diligence meeting: to identify successor who not only possesses...

April 30 (Reuters) - U.S. defense company Leidos Holdings ( LDOS ) lifted its annual profit and revenue forecasts on Tuesday, banking on strong weapons demand and increased defense spending amid growing geopolitical tensions. Defense companies are seeing robust demand for weapons from the United States and its allies following Russia's invasion of Ukraine, conflict in the Middle East and...

NEW YORK (Reuters) - Traders are rushing to fill up storage tanks along the U.S. East Coast with distillate fuels, like diesel and heating oil, data from storage broker The Tank Tiger showed on Monday, a sign of deepening oversupply that is weighing on refiners' profits. Largely warmer-than-expected winter weather in U.S. Northeast and Europe has cut distillates demand and...