Shell rules out BP takeover due to UK bid ban
Shell has officially denied any plans or negotiations to acquire BP, citing UK rules that prohibit such bids for the next six months, amidst ongoing takeover speculation and market analysis.
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Apple Promises 5 Years of iPhone Security Updates, Lagging Behind Rivals
Apple has committed to providing a minimum of five years of security updates for iPhones, in compliance with new UK Product Security and Telecommunications Infrastructure (PSTI) regulations. This move ensures that iPhone users will receive security updates for at least five years from the device's launch date, although Apple has historically supported older devices for longer periods.
Major Cryptocurrency Exchanges Collaborate with UK Firms to Comply with Regulations
Coinbase and OKX have partnered with crypto startup Archax to comply with new financial promotion rules in the UK, while Binance has partnered with peer-to-peer lending firm Rebuilding Society. These partnerships allow the exchanges to continue serving UK customers from overseas. The Financial Conduct Authority (FCA) has placed exchanges HTX and KuCoin on a warning list of unauthorized firms. The FCA's new regulations for crypto asset financial promotions came into effect on October 8, requiring compliance from unregistered crypto firms to avoid criminal offenses.