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April 15, 2021

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U.S. House committee approves blueprint for Big Tech crackdown

Reuters
WASHINGTON (Reuters) – The U.S. House of Representatives Judiciary Committee has formally approved a report accusing Big Tech companies of buying or crushing smaller firms, Representative David Cicilline’s office said in a statement Thursday. FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo/File Photo With......

Bank of America profit more than doubles on reserve release boost

Reuters
FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri/File Photo (Reuters) – Bank of America Corp reported a jump in first-quarter profit that breezed past estimates on Thursday as it released reserves it had......

Canal+ Polska revives Warsaw listing ambitions amid IPO boom

Reuters
FILE PHOTO: The Vivendi logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris March 14, 2014. REUTERS/Charles Platiau/File Photo LONDON (Reuters) – Polish pay-TV platform Canal+ Polska has revived plans for an initial public offering (IPO) in Warsaw, seeking to take advantage of a surge......

U.S. digital ads spur Publicis’ return to growth

Reuters
(Reuters) – Publicis, the world’s third-largest advertising group, on Thursday beat market expectations as it returned to organic growth for the first time since before the pandemic, fuelled by high demand for digital advertising in the United States. FILE PHOTO: The logo of Publicis group is seen at the high......

Indian shares rise as metals gain; Infosys slides

Reuters
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai, India, August 25, 2015. REUTERS/Shailesh Andrade/Files BENGALURU (Reuters) – Indian shares rose on Thursday, as investors looked past rising coronavirus cases and a lockdown in Mumbai, and metals stocks added to strong gains this year, while Infosys......

Breakingviews – China’s antitrust push forces digital reinvention

Reuters
FILE PHOTO: Jack Ma, founder and executive chairman of China’s Alibaba Group, speaks in front of a picture of SoftBank’s human-like robot named ‘pepper’ during a news conference in Chiba, Japan, June 18, 2015. REUTERS/Yuya Shino/File Photo HONG KONG (Reuters Breakingviews) – What’s left for Chinese internet companies deprived of......

Asian shares defensive, dollar struggles near one-month lows

Reuters
SYDNEY (Reuters) – Asian shares were on the backfoot on Thursday following mixed cues from Wall Street where a sharp sell-off in the largest bitcoin exchange Coinbase hit tech shares while the dollar index struggled near one-month lows. FILE PHOTO: Pedestrians and a traffic light stop sign are reflected on......

Ireland launches inquiry into Facebook after reports of data leak

Reuters
FILE PHOTO: The Facebook logo is displayed on a mobile phone in this picture illustration taken December 2, 2019. REUTERS/Johanna Geron/Illustration//File Photo DUBLIN (Reuters) -Ireland’s Data Protection Commission (DPC) said on Wednesday it had launched an inquiry into Facebook Inc, after a dataset reported to contain personal data relating to......

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,......

Judge in Texas lawsuit against Google issues protective order

Reuters
FILE PHOTO: The Google Inc. logo is seen outside their headquarters in Mountain View, California August 18, 2004. REUTERS/Clay McLachlan/File Photo WASHINGTON (Reuters) – The judge hearing the Texas antitrust lawsuit against Alphabet Inc’s Google put limits on what the search giant’s in-house lawyers can see in an order aimed......

EU Commission to end AstraZeneca and J&J vaccine contracts at expiry – paper

Reuters
MILAN (Reuters) – The EU Commission has decided not to renew COVID-19 vaccine contracts next year with AstraZeneca and Johnson & Johnson (J&J), Italian daily La Stampa reported on Wednesday, citing a source from the Italian health ministry. “The European Commission, in agreement with the leaders of many (EU) countries,......

Lockdown snacking: Lots to munch on when PepsiCo reports results

Reuters
(Reuters) – Will people break their lockdown snacking habit once the pandemic eases? FILE PHOTO: Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni/File Photo GLOBAL BUSINESS WEEK AHEAD PepsiCo Inc’s results on Thursday will give investors a glimpse of how......

Goldman Sachs profit soars on global deals frenzy, trading boom

Reuters
(Reuters) – Goldman Sachs Group Inc surged past Wall Street expectations for first-quarter profit on Wednesday, as the U.S. investment banking giant capitalized on record levels of global dealmaking and a coronavirus-driven boom in equity trading. An unprecedented boom in private firms merging with listed shell companies to go public......

Amazon aims to double U.S. Black employees in leadership this year

Reuters
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo (Reuters) – Amazon.com said on Wednesday it was aiming to double the number of Black employees in senior leadership roles and hire 30% more Black people as corporate......

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......

Indonesian e-commerce firm Bukalapak raises $234 million: document

Reuters
SINGAPORE (Reuters) – Indonesian e-commerce company Bukalapak raised $234 million in capital in a funding round led by Microsoft, Singapore sovereign wealth fund GIC, and local media conglomerate Emtek, according to a sale document reviewed by Reuters. The latest funding round comes amid a frenzy of interest from global investors......

Heathrow Airport CEO sees patchy international travel this summer

Reuters
LONDON, April 14 (Reuters) – The chief executive of Heathrow Airport, Britain’s busiest airport, said that international travel this summer would be “patchy” as countries worry about the risk of importing COVID-19 variants and their impact on the vaccine. “I think over the summer, we’re going to see quite a......

China shares end higher as some IT firms pledge against anti-competition

Reuters
* SSEC 0.6%, CSI300 0.8% * HK->Shanghai Connect daily quota used 5.2%, Shanghai->HK daily quota used 0.7% * FTSE China A50 +0.5% BEIJING, April 14 (Reuters) – China shares rose on Wednesday, with IT firms leading the gains, as investors cheered internet platform companies pledging to avoid anti-competitive behaviours after......

Tesco reports 2 billion pounds profit after ‘exceptionally strong’ sales

Reuters
FILE PHOTO: A logo of Tesco is pictured outside a Tesco supermarket in Hatfield, Britain October 6, 2020. REUTERS/Peter Cziborra/File Photo LONDON (Reuters) – Tesco, Britain’s biggest retailer, on Wednesday beat its guidance by reporting total adjusted retail operating profit of 1.99 billion pounds ($2.74 billion) after seeing “exceptionally strong”......

Indonesian e-commerce firm Bukalapak raises $234 million: document

Reuters
SINGAPORE (Reuters) – Indonesian e-commerce company Bukalapak raised $234 million in capital in a funding round led by Microsoft, Singapore sovereign wealth fund GIC, and local media conglomerate Emtek, according to a sale document reviewed by Reuters. The latest funding round comes amid a frenzy of interest from global investors......

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