Bloomberg Rupert Murdoch said he was abandoning plans to explore a merger of Fox Corp. and News Corp., two media companies he controls, after investors pushed back on the deal. Fox said Tuesday that it had received a letter from Murdoch saying that he and his son Lachlan, the chief executive officer of Fox, had determined a combination was …

  Bloomberg Italy is bracing for two days of disruptions after gas station operators across the country started a strike late Tuesday to protest against a new policy introduced by Prime Minister Giorgia Meloni’s government. A last-ditch attempt by the government to convince unions to call off the strike failed. But some of the groups organizing the protest decided to …

Bloomberg Microsoft Corp. shares declined after the company warned that revenue growth in its cloud-computing business will decelerate in the coming months and corporate software sales will slow, fueling concern about demand for the products that have driven its momentum in recent years. Shares fell as much as 2.7% to $235.51 in pre-market trading. Chief Financial Officer Amy Hood said …