October 1, 2021 By Aniruddha Ghosh (Reuters) – A slump in Zoom Video Communications Inc’s share price likely limited its ability to sweeten a nearly $15 billion all-stock offer for call center software firm Five9 and led to the deal’s collapse, Wall Street analysts said on Friday. Five9 shareholders on Thursday voted down the sale […]
Toronto futures fall on weak oil prices; GDP data in focus
October 1, 2021 (Reuters) – Weakness in oil prices weighed on Canadian stock futures on Friday, with investors awaiting GDP data for cues about the pace of the country’s economic recovery. Oil fell below $78 a barrel on the prospect that OPEC+ producers might step up a planned increase in output to ease supply concerns. […]
Bitcoin jumps 9% to touch 12-day high
October 1, 2021 LONDON (Reuters) -Bitcoin extended gains on Friday, climbing over 9% in late morning trade to $47,800, its highest level in 12 days. The largest cryptocurrency was last up 7.9% at $47,263, which if maintained would be its largest one-day jump since mid-June. Smaller coins ether and XRP, which tend to move in […]
Coty to sell 9% stake in Wella to majority owner KKR
October 1, 2021 (Reuters) – Coty Inc said on Friday it would swap around 9% of its stake in professional beauty business Wella with KKR & Co Inc for some of the cosmetic maker’s shares the U.S. buyout firm owns, valuing the deal at $426.5 million. The deal cuts Coty’s stake in Wella to around […]
Florida miner’s lawsuit accuses JPMorgan of manipulating silver prices
October 1, 2021 LONDON (Reuters) – A Florida-based silver miner has filed a damages claim against JPMorgan <JPM.N>, accusing the bank of manipulating the silver market to push prices so low the company’s mine had to close. The complaint, filed on Tuesday in the U.S. District Court for the Southern District of Florida, said Hidalgo […]
China marks national day with mass air incursion near Taiwan
October 1, 2021 TAIPEI (Reuters) -Taiwan’s air force scrambled again on Friday to warn away 25 Chinese aircraft that entered its air defence zone, the defence ministry in Taipei said, the same day as China marked its national day, the founding of the People’s Republic of China. Chinese-claimed Taiwan has complained for a year or […]
‘No Time To Die’ for British cinemas banking on Bond boost
October 1, 2021 By Muvija M (Reuters) – British cinema chains will enjoy the luxury of full houses this weekend thanks to the enduring allure of the James Bond franchise, but their challenge is to make movie-going a habit again after the coronavirus pandemic. “No Time To Die”, the new Bond film, is perhaps a […]
Futures slip ahead of inflation, factory activity data
October 1, 2021 (Reuters) – U.S. stock index futures fell on Friday with economically sensitive sectors leading declines ahead of key readings on inflation and industrial activity, while progress towards a bipartisan infrastructure package remained in focus. Oil firms including Exxon Mobil and Chevron Corp slipped about 0.9% premarket, while big banks Morgan Stanley, JPMorgan […]
Dismantle ‘ring-fencing’ rules to safeguard competitiveness, say Britain’s banks
October 1, 2021 By Huw Jones LONDON (Reuters) – Britain should consider dismantling the mandatory ring fencing of capital for retail banking introduced in the aftermath of the global financial crisis or risk harming post-Brexit competitiveness, a banking lobby group said on Friday. The requirement for banks with deposits of 25 billion pounds ($34 billion) […]
Exclusive-Duty cut lifts India’s palm oil imports in Sept to a record 1.4 million T- dealers
October 1, 2021 By Rajendra Jadhav MUMBAI (Reuters) – India’s palm oil imports in September more than doubled from a year ago to a record 1.4 million tonnes as buyers increased purchases of refined palm oil ahead of key festivals and to take advantage of newly lowered duties, brokers and dealers said. Higher purchases by […]
FCC proposes new rules to combat SIM swapping scams
Mariella Moon Contributor Mariella Moon is an associate editor at Engadget. More posts by this contributor ‘Pokémon Unite’ has arrived on Android and iOS Google reportedly plans to add free channels to its smart TV platform SIM swapping scams have been on the rise these past couple of years, and since most online services these […]
Fast-food chains close some indoor seating as U.S. cities mandate vaccine checks
October 1, 2021 By Hilary Russ NEW YORK (Reuters) – As New York, San Francisco and a few other U.S. cities and counties require restaurants to check proof of COVID-19 vaccination to dine indoors, some fast-food chains are simply shutting their seating areas altogether – a move that may dent their sales. The burger chain […]
Deutsche Telekom’s Czech unit, others offer to settle EU antitrust charges
October 1, 2021 BRUSSELS (Reuters) – Deutsche Telekom’s Czech mobile unit, 02 Czech Republic and Czech telecoms infrastructure provider Cetin have offered concessions to settle charges of restricting competition, EU antitrust regulators said on Friday. The European Commission, which acts as the competition enforcer in the 27-country bloc, issued the charges in 2019. The companies […]
Explainer-Global energy shortage or a coincidence of regional crises?
October 1, 2021 (Reuters) -British gasoline stations running dry, surging power costs in the European Union ahead of winter, forced restrictions on energy use in China and rising oil, natural gas and coal prices. You could be forgiven for thinking the world had suddenly been hit by an energy shortage, but you would be mostly […]
Liam Gallagher to perform at Knebworth Park, announces new album
October 1, 2021 LONDON (Reuters) – Twenty-five years after British rock band Oasis played two historic shows for 250,000 people at Knebworth Park, former lead singer Liam Gallagher said on Friday he would return to the site for what has been described as his biggest solo gig. The 49-year-old, who also announced a new album […]
Liam Gallagher to perform at Knebworth Park, announces new album
October 1, 2021 LONDON (Reuters) – Twenty-five years after British rock band Oasis played two historic shows for 250,000 people at Knebworth Park, former lead singer Liam Gallagher said on Friday he would return to the site for what has been described as his biggest solo gig. The 49-year-old, who also announced a new album […]
Liam Gallagher to perform at Knebworth Park, announces new album
October 1, 2021 LONDON (Reuters) – Twenty-five years after British rock band Oasis played two historic shows for 250,000 people at Knebworth Park, former lead singer Liam Gallagher said on Friday he would return to the site for what has been described as his biggest solo gig. The 49-year-old, who also announced a new album […]
Biden administration to urge halt to strict Texas abortion law
October 1, 2021 By Jan Wolfe and Sarah N. Lynch (Reuters) – President Joe Biden’s administration on Friday is set to urge a judge to block a near-total ban on abortion imposed by Texas – the strictest such law in the nation – in a key battle in the ferocious legal war over abortion access […]
Mali receives four helicopters and weapons from Russia
October 1, 2021 BAMAKO (Reuters) – A cargo plane delivered four helicopters, weapons and ammunition from Russia to Mali late on Thursday, Malian interim defence minister Sadio Camara said. He said Mali had bought the helicopters in a contract agreed in December 2020 to support its armed forces in their battle alongside French, European and […]
SquadPal is a social app to help remote working teams gel
The future of office work, post-COVID-19, is driving plenty of startup activity. Not just around core business needs like comms (Zoom, Slack et al) — but entrepreneurs are also competing to come up with the perfect tool to recreate the social serendipity of office life in order to make dispersed workers feel a bit more […]
