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May 24, 2022

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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......

U.S., Japan, Australia, and India to launch tracking system to monitor illegal fishing by China, Financial Times reports

Reuters
Fishing boats with Chinese national flags are seen at a harbour in Tanmen, Hainan province, April 5, 2016. REUTERS/Megha Rajagopalan Register now for FREE unlimited access to Reuters.com Register May 21 (Reuters) – U.S., Japan, Australia, and India will unveil a maritime initiative at the Quad summit in Tokyo to......

Factbox: The Great Rebrand: Western business reborn in Russia under new names

Reuters
May 20 (Reuters) – McDonald’s Corp (MCD.N) is selling its restaurants in Russia to one of its current local licensees, who will reopen the branches under a new name yet to be decided – the most high-profile rebranding so far of companies extricating themselves from Russia. read more Scores of......

Putin promises to bolster Russia’s IT security in face of cyber attacks

Reuters
May 20 (Reuters) – President Vladimir Putin said on Friday that the number of cyber attacks on Russia by foreign “state structures” had increased several times over and that Russia must bolster its cyber defences by reducing the use of foreign software and hardware. The websites of many state-owned companies......

Wall Street ends mixed, Tesla falls

Reuters
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Ross Stores plunges after cutting 2022 forecast May 20 (Reuters) – Wall Street ended mixed on......

Computer chip giant ASML places big bets on a tiny future

Reuters
VELDHOVEN, Netherlands, May 20 (Reuters) – ASML (ASML.AS), a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tonnes, in its quest to produce beams of focused light that create the microscopic circuitry on......

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......

Tesla cut from S&P 500 ESG Index, and Elon Musk tweets his fury

Reuters
May 18 (Reuters) – An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc (TSLA.O) from the widely followed S&P 500 ESG Index (.SPXESUP)because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk......

Performing artists push for copyright protection from AI deepfakes

Reuters
AI is increasingly common in entertainment, audio Performers fear losing work and rights to tech Calls for new legal protections over performances TBILISI, May 18 (Thomson Reuters Foundation) – When a friend messaged voice actor Bev Standing to ask whether she was the voice of TikTok’s text-to-speech feature, the Canadian......

Ex-German chancellor stripped of his office over Putin ‘lobbying’

Reuters
BERLIN, May 18 (Reuters) – Gerhard Schroeder’s publicly funded office is to be closed and its remaining staff reallocated amid mounting dismay at the former German chancellor’s refusal to distance himself from Russian President Vladimir Putin. It is custom for all Germany’s leaders to get a state-funded office when they......

China Vice Premier Liu soothes tech firms, supports overseas listings

Reuters
China’s Vice Premier Liu He exits the office of the U.S. Trade Representative following a morning round of negotiations on the second day of last ditch trade talks in Washington, U.S., May 10, 2019. REUTERS/Leah Millis/Files Register now for FREE unlimited access to Reuters.com Register SHANGHAI, May 17 (Reuters) –......

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......

Amber Heard testifies Johnny Depp assaulted her on their honeymoon

Reuters
May 16 (Reuters) – “Aquaman” actor Amber Heard told jurors on Monday that Johnny Depp slammed her against a wall and wrapped a shirt around her neck during their 2015 honeymoon on the Orient Express. Heard returned to the witness stand in Virginia where jurors are considering dueling defamation claims......

U.S. Treasury’s Yellen presses Poland on global minimum tax

Reuters
Treasury Secretary Janet Yellen testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled β€œThe Financial Stability Oversight Council Annual Report to Congress,” in Dirksen Senate Office Building in Washington, D.C.,U.S., May 10, 2022. Tom Williams/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register WARSAW,......

Funeral services firm Dignity names industry veteran Kate Davidson as CEO

Reuters
May 16 (Reuters) – UK funeral services provider Dignity Plc (DTY.L) said on Monday it appointed industry veteran Kate Davidson as its chief executive officer, just months after she joined the board. Davidson will have her hands full once she takes up the top role on June 10 as the......

‘Copycat’ mass shootings becoming deadlier, experts warn after New York attack

Reuters
Police officers secure the scene after a shooting at TOPS supermarket in Buffalo, New York, U.S. May 14, 2022. REUTERS/Jeffrey T. Barnes Register now for FREE unlimited access to Reuters.com Register May 15 (Reuters) – An 18-year-old white man suspected of fatally shooting 10 people in a Black neighborhood in......

Israeli police beat mourners at funeral of slain Palestinian journalist

Reuters
JERUSALEM, May 13 (Reuters) – Israeli police officers charged at Palestinian mourners carrying the coffin of Al Jazeera journalist Shireen Abu Akleh on Friday, before thousands led her casket through Jerusalem’s Old City in an outpouring of grief and anger over her killing. Packed around Abu Akleh’s coffin, dozens of......

Do spam bots really comprise under 5% of Twitter users? Elon Musk wants to know

Reuters
May 13 (Reuters) – Since 2013, Twitter has downplayed the spread of fake accounts on its platform, holding that “false or spam” accounts make up less than 5% of its user base even as independent researchers said the number could be three times higher. That discrepancy could now affect the......

Golden Globes organizer mulls bid from interim CEO Boehly

Reuters
May 13 (Reuters) – The organizer of the Golden Globe awards is exploring strategic options including a takeover offer from interim Chief Executive Todd Boehly, the non-profit organization said on Friday. Boehly’s proposal comes a week after a consortium led by the U.S. business tycoon clinched a $5.2 billion deal......

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