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July 5, 2022

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Australia’s Link rejects Dye & Durham’s lower offer, but keeps door open

Reuters
July 4 (Reuters) – Australia’s Link Administration (LNK.AX) said on Monday it will not recommend Canadian cloud-based software firm Dye & Durham Ltd’s (DND.TO) lowered takeover bid but agreed to continue to engage with it on hopes of securing a better offer. Last week, Dye & Durham (D&D) cut its......

Unilever sells Ben & Jerry’s Israeli business to defuse BDS row

Reuters
JERUSALEM, June 29 (Reuters) – Unilever (ULVR.L) on Wednesday sold its Ben & Jerry’s ice cream business in Israel to its local licensee for an undisclosed sum, aiming to smooth over a potentially damaging diplomatic row over the company’s political stance. The deal comes after the U.S. ice cream brand......

S&P 500 limps to slightly lower close as quarter-end looms

Reuters
U.S. economy contracted in Q1; consumer spending revised lower General Mills rises as sales beat on higher prices Bed Bath & Beyond replaces CEO, shares tumble Dow up 0.27%, S&P down 0.07%, Nasdaq off 0.03% NEW YORK, June 29 (Reuters) – The S&P 500 ended a seesaw session slightly down......

Google faces antitrust complaint by Danish job-search rival

Reuters
BRUSSELS, June 27 (Reuters) – Google faces an antitrust complaint on Monday by Danish online job-search rival Jobindex, whichtold European Union regulators the Alphabet-owned (GOOGL.O) business had allegedly unfairly favoured its own job-search service. The complaint could reinvigorate EU antitrust chief Margrethe Vestager’s scrutiny of the service, Google for Jobs.......

Dye & Durham lowers Link Administration takeover offer by a quarter

Reuters
June 27 (Reuters) – Australia’s Link Administration (LNK.AX) said on Monday Canadian cloud-based software company Dye & Durham Ltd (DND.TO) lowered its takeover offer by nearly a quarter to A$2.21 billion ($1.54 billion) citing low market value of the share registry firm. Dye & Durham (D&D) has now offered Link......

Meta, Google, Twitter vow to fight fake news better as EU gets tougher

Reuters
BRUSSELS, June 16 (Reuters) – Meta , Alphabet (GOOGL.O) unit Google, Twitter (TWTR.N) and Microsoft (MSFT.O) agreed on Thursday to take a tougher line against disinformation under an updated EU code of practice that could hit them with hefty fines if they fail to do so. More than 30 signatories......

The Saudi investment king who no longer rules alone

Reuters
Saudi wealth fund bought nearly 17% of Prince Alwaleed’s firm Sovereign fund likely to an active investor – sources PIF may benefit from Alwaleed’s investing style – analysts DUBAI, June 15 (Reuters) – The prince who’s the international face of Saudi business may no longer be able to call all......

U.S. bill to rein in Big Tech backed by dozens of small and big companies

Reuters
WASHINGTON, June 13 (Reuters) – Dozens of companies and business organizations sent a letter to U.S. Congress members on Monday, urging them to support a bill that would rein in the biggest tech companies such as Amazon.com (AMZN.O) and Alphabet’s (GOOGL.O) Google. Last week, Democratic U.S. Senator Amy Klobuchar and......

Exclusive: Google, Facebook, Twitter to tackle deepfakes or risk EU fines – document

Reuters
BRUSSELS, June 13 (Reuters) – Alphabet Inc unit Google (GOOGL.O), Facebook Inc, Twitter Inc(TWTR.N) and other tech companies will have to take measures to counter deepfakes and fake accounts on their platforms or risk hefty fines under an updated European Union code of practice, according to an EU document seen......

Spotify expects to reach $100 billion in revenue in 10 years

Reuters
The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register June 8 (Reuters) – Spotify Technology SA (SPOT.N) on Wednesday said it expects......

The pain after the gain: grocery deliverers reshuffle after lockdown boom

Reuters
AMSTERDAM, June 8 (Reuters) – The grocery delivery industry that erupted in the depths of lockdown is facing a painful period of adjustment that investors say is likely to see only a handful of firms survive in each market – and then, in very different shape. As the COVID-19 pandemic......

Australia accuses Airbnb of misleading customers on price

Reuters
ACCC alleges Airbnb misled customers about accommodation prices Thousands of customers charged more than displayed prices Airbnb to “compensate affected guests” June 8 (Reuters) – Australia’s antitrust regulator has filed a lawsuit against Airbnb Inc (ABNB.O), accusing the accommodation-sharing website of misleading users into paying more than advertised for their......

Asia stocks advance as investors weigh impact of hawkish central banks

Reuters
A woman holding an umbrella walks near an electric board showing Nikkei index at a brokerage in Tokyo, Japan February 15, 2021. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 8 (Reuters) – Asia stocks rose on Wednesday, encouraged by a rally on Wall......

U.S. bill would bar Google, Apple from hosting apps that accept China’s digital yuan

Reuters
WASHINGTON, May 26 (Reuters) – Republican senators want to bar U.S. app stores including Apple and Google from hosting apps that allow payments to be made with China’s digital currency, amid fears the payment system could allow Beijing to spy on Americans. The bill, unveiled Thursday and first reported by......

Oh Snap! Social media stocks lose billions after Snapchat parent warning

Reuters
A woman stands in front of the logo of Snap Inc on the floor of the New York Stock Exchange (NYSE) in New York City, NY, U.S. March 2, 2017. REUTERS/Lucas Jackson Register now for FREE unlimited access to Reuters.com Register May 24 (Reuters) – Snap Inc (SNAP.N) shares plunged......

Beijing ramps up COVID quarantines, Shanghai residents decry uneven rules

Reuters
Beijing sends 1,800 to quarantine in Hebei – media Vice Premier Sun Chunlan says Beijing curbs cannot ease Shanghai stocks record biggest drop in a month Airbnb latest Western internet firm to exit China BEIJING/SHANGHAI, May 24 (Reuters) – Beijing stepped up quarantine efforts to end its month-old COVID outbreak......

Hit reality TV shows display African glitz and glamour

Reuters
JOHANNESBURG, May 20 (Reuters) – Dripping with champagne, diamonds and catty dialogue, two made-in-Africa reality TV series have transfixed viewers on the continent, showcasing ritzy lifestyles that are a far cry from stereotypical images of African hardship. On Netflix’s “Young, Famous & African”, a group of music and showbiz celebrities......

WhatsApp to launch cloud-based tools, premium features for businesses

Reuters
A 3D-printed Whatsapp logo is placed on the keyboard in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register May 19 (Reuters) – WhatsApp is introducing free cloud-based API services in a push to get more businesses using the app, Meta......

Tencent Music’s Q1 revenue downbeat, shares rise amid hopes for regulatory easing

Reuters
The logo of China’s Tencent Music Entertainment Group is seen next to an earphone in this illustration picture taken March 22, 2021. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register HONG KONG, May 17 (Reuters) – China’s Tencent Music Entertainment (TME.N) posted a 15% slump in first-quarter......

Disney’s streaming growth counters Netflix dip, yet inflation looms

Reuters
May 11 (Reuters) – Walt Disney Co (DIS.N) eased concerns on Wednesday about the future of streaming video by picking up 7.9 million new Disney+ customers, although the company warned supply chain disruptions and rising wages could pressure finances. Wall Street had been expecting 5.3 million new Disney+ customers from......

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