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October 22, 2021

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Pandemic recovery fuels deal craze as third-quarter M&A breaks all records

Reuters
by Reuters00
Global M&A hits all-time peak of $1.52 trillion in Q3 Cheap financing drives desire for transformative deals Volumes double in Europe driven by private-equity buyouts U.S. activity up 32% to $581 billion, Asia Pacific up 21% Frantic dealmaking surpasses all full-year records LONDON, Sept 30 (Reuters) – Global mergers and......
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YouTube blocks all anti-vaccine content

Reuters
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A YouTube logo seen at the YouTube Space LA in Playa Del Rey, Los Angeles, California, United States October 21, 2015. REUTERS/Lucy Nicholson WASHINGTON, Sept 29 (Reuters) – YouTube will block all anti-vaccine content, moving beyond its ban on false information about the COVID vaccines to include content that contains......
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Analysis: Climate and COVID cast shadow over jet demand outlook

Reuters
by Reuters00
A Southwest Airlines Boeing 737-800 plane is seen at Los Angeles International Airport (LAX) in the Greater Los Angeles Area, California, U.S., April 10, 2017. REUTERS/Lucy Nicholson/File Photo Aircraft investors struggle to assess climate impact Values of older aircraft undermined Some fear newer aircraft’s lives will be shorter LONDON/TOULOUSE, Sept......
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SpaceX capsule with world’s first all-civilian orbital crew heads for splashdown

Reuters
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Sept 18 (Reuters) – The quartet of citizen astronauts comprising the SpaceX Inspiration4 mission began their descent from space en route to a splashdown in the Atlantic on Saturday to complete a three-day flight of the first all-civilian crew ever launched into Earth orbit. In preparation fortheir return to Earth,......
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New Zealand abandon Pakistan tour after security alert

Reuters
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New Zealand Black Caps cricket team practices in Pakistan in this undated handout image taken from video. New Zealand Cricket Handout via Reuters NZ Prime Minister says team could have been attacked PCB says no security threat exists for NZ team Pakistan Cricket Board to approach ICC ISLAMABAD, Sept 17......
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Banks beware, outsiders are cracking the code for finance

Reuters
by Reuters00
Embedded finance investment jumps in 2021, data shows Buy now pay later deals take centre stage Fintech market valuations leapfrog banks LONDON, Sept 17 (Reuters) – Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon (AMZN.O) to IKEA and Walmart......
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GM extends EV Bolt production halt to mid-October

Reuters
by Reuters00
A close-up view of the Chevrolet Bolt electric vehicle logo is seen at Stewart Chevrolet in Colma, California, U.S., October 3, 2017. REUTERS/Stephen Lam WASHINGTON, Sept 16 (Reuters) – General Motors Co (GM.N) said on Thursday it will extend a shutdown of a Michigan assembly plant to mid-October following a......
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First all-civilian crew launched into orbit aboard SpaceX rocket ship

Reuters
by Reuters00
CAPE CANAVERAL, Fla., Sept 15 (Reuters) – A SpaceX rocket ship blasted off from Florida on Wednesday carrying a billionaire e-commerce executive and three less-wealthy private citizens he chose to join him in the first all-civilian crew ever launched into Earth orbit. The quartet of amateur astronauts, led by the......
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All-civilian SpaceX crew feels only ‘good kind’ of jitters before launch

Reuters
by Reuters00
CAPE CANAVERAL, Fla., Sept 14 (Reuters) – The four would-be citizen astronauts poised to ride a SpaceX rocket ship around the globe as the first all-civilian crew launched into orbit said on Tuesday they were eager for liftoff on the eve of their flight, feeling only “the good kind” of......
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CMC warns on profits as trading volumes ease after frenzy

Reuters
by Reuters00
Dealers work at their desks whilst screens show market data following a vote on Prime Minister Theresa May’s Brexit ‘plan B’ at CMC Markets in London, Britain, January 30, 2019. REUTERS/Dylan Martinez CMC says market activity subdued Shares slump 27%, set for worst day since 2016 Sept 2 (Reuters) –......
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ValueAct raises bet on Fiserv with purchase of 5.3 mln shares – filing

Reuters
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Aug 19 (Reuters) – Investment firm ValueAct disclosed on Thursday that it owned 6.2 million shares of Fiserv Inc (FISV.O) at the end of the second quarter, a 600% increase in its stake in the fintech company compared to the prior quarter. The firm, known for working with corporate management......
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How Sweden became the Silicon Valley of Europe

Reuters
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STOCKHOLM, Aug 11 (Reuters) – As Klarna’s billionaire founder Sebastian Siemiatkowski prepares to stage one of the biggest-ever European fintech company listings, a feast of capitalism, he credits an unlikely backer for his runaway success: the Swedish welfare state. In particular, the 39-year-old pinpoints a late-1990s government policy to put......
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Ritchie Bros to buy Euro Auctions for $1 bln

Reuters
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The sign outside Richie Bros. Auctioneers is seen in Longmont, Colorado, U.S., February 21, 2017. REUTERS/Rick Wilking/File photo Aug 8 (Reuters) – Asset management company Ritchie Bros (RBA.TO) said on Sunday it would acquire plant and machinery auction house Euro Auctions for an enterprise value of 775 million pounds ($1.07......
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Asian stocks slip as Delta spread spooks investors

Reuters
by Reuters00
HONG KONG, Aug 3 (Reuters) – Asian stocks were mostly negative on Tuesday as the Delta coronavirus variant spread in key markets and Chinese officials took aim at video game producers, once more rattling investor confidence in the mainland’s markets. In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan......
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Square to buy Afterpay for $29 bln as buy now, pay later booms

Reuters
by Reuters00
A logo for the company Afterpay is seen in a store window in Sydney, Australia, July 9, 2020. REUTERS/Stephen Coates Aug 2 (Reuters) – Square Inc (SQ.N) will buy Australia’s Afterpay Ltd (APT.AX) for about $29 billion in an all-stock deal as the U.S. fintech firm looks to leverage burgeoning......
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Gloomy outlook dulls PayPal’s quarterly profit beat

Reuters
by Reuters00
PayPal app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo July 28 (Reuters) – Shares of PayPal Holdings Inc(PYPL.O) fell 8% on the payment company’s downbeat current-quarter profit outlook that outweighed a better-than-expected profit in the second quarter from a pandemic-driven shift......
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China’s private education firms brace for hit from new rules, shares tumble

Reuters
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People pick up children from a school in Beijing, China, April 6, 2021. REUTERS/Thomas Peter HONG KONG, July 26 (Reuters) – China’s private education firms are bracing for a “material” hit to their operations after Beijing announced new rules barring for-profit tutoring in core school subjects to ease financial pressures......
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EU to tighten rules on cryptoasset transfers

Reuters
by Reuters00
July 20 (Reuters) – Companies that transfer bitcoin or other cryptoassets must collect details of senders and recipients to help authorities crack down on dirty money, EU policymakers proposed on Tuesday in the latest efforts to tighten regulation of the sector. The law proposed by the European Commission, the EU......
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Israel PM warns Unilever of ‘severe consequences’ from Ben & Jerry’s decision

Reuters
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JERUSALEM, July 20 (Reuters) – Israel warned consumer goods giant Unilever Plc (ULVR.L) on Tuesday of “severe consequences” from a decision by subsidiary Ben & Jerry’s to stop selling ice cream in Israeli-occupied territories, and urged U.S. states to invoke anti-boycott laws. Monday’s announcement followed pro-Palestinian pressure on the Vermont-based......
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Afterpay begins trial run of ‘Money’ application, to launch in October

Reuters
by Reuters00
July 20 (Reuters) – Australian buy-now-pay-later firm Afterpay Ltd (APT.AX) said on Tuesday it will launch a new banking application in October to attract young customers and shore up its core “buy now pay later” user base and transactions. The banking application, called “Money”, will be tested internally before being......
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