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August 1, 2021

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Almost half of Shopify’s top execs to depart company: CEO

Reuters
(Reuters) – Three of e-commerce platform Shopify’s seven top executives will be leaving the company in the coming months, chief executive officer and founder of Canada’s most valuable company Tobi Lutke said in a blog post on Wednesday. FILE PHOTO: An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada,......

Greece to lift quarantine rule for more travelers from next week: official

Reuters
FILE PHOTO: People make their way on Monastiraki square, amid the coronavirus disease (COVID-19) pandemic, in Athens, Greece, March 10, 2021. REUTERS/Louiza Vradi ATHENS (Reuters) – Greece plans to lift quarantine restrictions from next week for travelers from the European Union and five other countries who have been vaccinated or......

Payments giant Stripe expands to Middle East with Dubai office

Reuters
FILE PHOTO: Stripe app logo is displayed in this illustration taken March 15, 2021. REUTERS/Dado Ruvic/Illustration DUBAI (Reuters) – Digital payments giant Stripe on Tuesday announced the opening of an office in United Arab Emirates financial capital Dubai, its first expansion into the Middle East region. Founded in 2010 by......

Australia’s biggest lender to take on Afterpay, PayPal in buy now, pay later race

Reuters
(Reuters) – Commonwealth Bank of Australia on Wednesday became the first major lender in the country to offer its own “buy now, pay later” (BNPL) service, taking on U.S. payments giant PayPal and Afterpay with the promise of lower fees. FILE PHOTO: An office building with Commonwealth Bank logo is......

Ripple and MoneyGram to end partnership

Reuters
By Reuters Staff 1 Min Read March 8 (Reuters) – Blockchain payment firm Ripple said on Monday it will end its current partnership agreement with MoneyGram International Inc. (Reporting by Sohini Podder in Bengaluru; Editing by Shinjini Ganguli) Our Standards: The Thomson Reuters Trust Principles. Source – For more click......

CAE nears deal to buy L3Harris’s military training business for $1.5 billion: WSJ

Reuters
FILE PHOTO: The logo of L3Harris is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid (Reuters) – Canada’s CAE Inc is nearing a deal to buy L3Harris Technologies Inc’s military training division for $1.05 billion,......

Canada’s GardaWorld to not raise bid for security firm G4S further

Reuters
FILE PHOTO: A G4S security van is seen parked outside a bank in Loughborough, central England, August 28, 2013. REUTERS/Darren Staples/File Photo (Reuters) – Canada-based GardaWorld said on Monday it would not raise its offer for Britain’s G4S Plc further, appearing to leave the way clear for the higher bid......

UPDATE 1-Former Bank of England Governor Carney joins board of digital payments company Stripe

Reuters
(Updates with Carney’s statement) Feb 21 (Reuters) – Mark Carney, former head of the UK and Canadian central banks, has joined the board of U.S. digital payments company Stripe Inc, days after the company was reported to be planning a primary funding round valuing it at over $100 billion. “Regulated......

Carlyle fails in its bid to take over Japan Asia Group

Reuters
FILE PHOTO: The logo of the Carlyle Group is displayed at the company’s office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato TOKYO (Reuters) – Global private equity firm Carlyle Group said on Wednesday it failed in its bid to buy Japan Asia Group (JAG) as JAG shares are trading......

Allied extends deadline again for G4S shareholders to accept buyout deal

Reuters
(Reuters) – Allied Universal on Tuesday extended for a second time its deadline for G4S shareholders to accept its buyout offer, prolonging a bidding war with Canadian rival GardaWorld for the British private security services firm. G4S shareholders now have until March 6 to back U.S.-based Allied’s offer of 245......

Canada’s Telus International aims for nearly $7 billion valuation in IPO

Reuters
FILE PHOTO: Telus Corp Chief Executive Officer Darren Entwistle speaks at their annual shareholders meeting in Toronto, May 5, 2011. REUTERS/Mark Blinch (Reuters) – Telus International (Cda) Inc, a subsidiary of wireless carrier Telus Corp., aims to raise as much as $833 million in its initial public offering (IPO), which......

Foley-backed SPAC nears $7.3 billion deal with Blackstone’s Alight: sources

Reuters
(Reuters) – A blank-check acquisition firm backed by veteran investor Bill Foley is nearing an agreement to take Alight Solutions LLC, the U.S. benefits services provider owned by buyout firm Blackstone Group Inc, public at a valuation of $7.3 billion including debt, people familiar with the matter said on Sunday.......

Analysis: Trump suspension to test Twitter CEO’s truce with investors

Reuters
(Reuters) – Twitter Inc’s decision to suspend President Donald Trump’s account will test a truce made last year between CEO Jack Dorsey and top shareholders of the social media company which allowed Dorsey to remain in the top job. FILE PHOTO: Twitter Chief Executive Officer Jack Dorsey testifies remotely during......

Breakingviews – 2020 hindsight: Our best-read stories of the year

Reuters
HONG KONG (Reuters Breakingviews) – As the world faced up to its annus horribilis, Breakingviews’ readers showed a voracious and varied appetite for agenda-setting financial insight. Sure, the Covid-19 virus was on everyone’s mind, but an analysis of the most-read stories of the year proved our readers are rarely myopic.......

Breakingviews – GardaWorld opens door for G4S escape

Reuters
Flags fly outside HMP Birmingham after the British government took over its running from G4S, in Birmingham, Britain August 20, 2018. LONDON (Reuters Breakingviews) – GardaWorld has left the door open for G4S to escape its hostile bid. The Canadian security company raised its offer for the London-listed peer to......

Breakingviews – Italian sovereign fund is a force to reckon with

Reuters
MILAN (Reuters Breakingviews) – When Cassa Depositi e Prestiti (CDP) was founded 170 years ago this week, Italy did not yet exist as a nation. The institution’s main task was to finance basic infrastructure like roads and waterworks for the King of Sardinia-Piedmont, Victor Emmanuel II, who later became Italy’s......

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