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November 30, 2021

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Russia says Twitter mobile slowdown to remain until all banned content is removed

Reuters
MOSCOW, Nov 29 (Reuters) – Russia will continue slowing down the speed of Twitter (TWTR.N) on mobile devices until all content deemed illegal is deleted, state communications regulator Roskomnadzor told Reuters, as Moscow continues to make demands of Big Tech. Russian authorities have taken steps recently to regulate technology giants......

India’s Paytm falls as net loss widens on higher expense

Reuters
The interface of Indian payments app Paytm is seen in front of its logo displayed in this illustration picture taken July 7, 2021. REUTERS/Florence Lo/Illustration//File Photo Register now for FREE unlimited access to reuters.com Register NEW DELHI, Nov 29 (Reuters) – Shares in India’s One 97 Communications Ltd (PAYT.NS), the......

Telecom Italia loses CEO in boardroom clash after KKR offer

Reuters
The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi/File Photo Register now for FREE unlimited access to reuters.com Register TIM Brazil head Labriola named director general KKR has tabled $12 billion proposal to take TIM private Under fire from top investor, CEO offers......

China asks Didi to delist from U.S. on data security fears – Bloomberg News

Reuters
SHANGHAI, Nov 26 (Reuters) – Chinese regulators have asked top executives of ride hailing giant Didi Global Inc (DIDI.N) to devise a plan to delist from the New York Stock Exchange due to concerns about data security, Bloomberg News reported. China’s tech watchdog wants the management to take the company......

KKR, CVC Capital in talks to jointly bid for Telecom Italia – Bloomberg News

Reuters
The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi/File Photo Register now for FREE unlimited access to reuters.com Register Nov 25 (Reuters) – KKR & Co (KKR.N) and CVC Capital Partners are considering teaming up on a bid for Italy-based Telecom Italia SpA......

Italy could restrict participation in tenders for broadband rollout – sources

Reuters
Telecom Italia’s logo for the TIM brand is seen on a building in Rome, Italy, April 9, 2016. REUTERS/Alessandro Bianchi/File Photo – RC251R9BX6V5 Register now for FREE unlimited access to reuters.com Register EU putting pressure on Italy to set a 50% cap – source Cap aims at promoting competition in......

Consortium of Japanese firms to test digital currency in coming months, launch in FY2022

Reuters
A man walks past in front of a sign board of Mitsubishi UFJ Trust and Banking Corporation, the asset management unit of Japan’s Mitsubishi UFJ Financial Group Inc. (MUFG), in Tokyo, Japan July 31, 2017. REUTERS/Issei Kato/Files Register now for FREE unlimited access to reuters.com Register Consortium includes Japan’s three......

TIM’s top investor Vivendi digs in after KKR’s approach

Reuters
French media giant Vivendi’s logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris, France, August 12, 2020. REUTERS/Charles Platiau/File Photo Register now for FREE unlimited access to reuters.com Register MILAN, Nov 23 (Reuters) – Telecom Italia’s (TLIT.MI)‘s top investor Vivendi (VIV.PA) said it intended to......

Tencent boosts Prosus profit, e-commerce trading loss widens

Reuters
A logo of Prosus is diplayed at Amsterdam’s stock exchange building as Prosus begins trading on the Euronext stock exchange in Amsterdam, Netherlands, September 11, 2019. REUTERS/Piroschka van de Wouw/File Photo Register now for FREE unlimited access to reuters.com Register AMSTERDAM/JOHANNESBURG, Nov 22 (Reuters) – Prosus, which owns a $175......

India’s Paytm falls for second day after debut debacle

Reuters
BENGALURU, Nov 22 (Reuters) – Digital payments firm Paytm (PAYT.NS) fell for a second session on Monday, shaving off $7.75 billion from its market value since its dismal debut in India’s biggest initial public offering last week. Shares fell 17.78% as of 0733 GMT to 1,271 rupees compared with the......

Belarus opposition leader urges Austria to do more to counter Lukashenko

Reuters
Belarusian opposition leader Sviatlana Tsikhanouskaya visits Warsaw, where she meets with the Belarusian diaspora in Warsaw, Poland October 6, 2021. Dawid Zuchowski/Agencja Gazeta via REUTERS Register now for FREE unlimited access to reuters.com Register VIENNA, Nov 21 (Reuters) – Belarusian opposition leader in exile Svetlana Tikhanouskaya urged Austria’s government and......

Israel’s Cellcom CEO to resign after nearly 2 years in post

Reuters
JERUSALEM, Nov 21 (Reuters) – Avi Gabay, the chief executive of Israeli telecom group Cellcom, announced his resignation, the company said on Sunday. No date for the end of his tenure was set. Gabay took over as CEO of Cellcom, Israel’s largest mobile phone operator in January of 2020. Since......

Tesla app coming back online after server outage, Musk says

Reuters
Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song Register now for FREE unlimited access to reuters.com Register Nov 19 (Reuters) – Tesla Inc (TSLA.O) chief Elon Musk said on Friday that the company’s mobile application was coming back online......

Telenor and CP Group discuss $7.5 bln Thailand telecom merger

Reuters
OSLO, Nov 19 (Reuters) – Norway’s Telenor (TEL.OL) and Thailand’s Charoen Pokphand Group (CP Group) are exploring a merger of their telecom units in Thailand, which could become the Norwegian firm’s second multi-billion dollar tie-up in Southeast Asia this year. A deal, if completed, would merge the telecom operations of......

India’s Paytm crashes in market debut, business model questioned

Reuters
MUMBAI, Nov 18 (Reuters) – Indian digital payments firm Paytm (PAYT.NS) tumbled 26% on its maiden day of trade, with investors questioning its lack of profits and the lofty valuations it gained in the country’s largest-ever IPO. While there had been some expectations that Paytm’s market debut could underwhelm, the......

Qualcomm forecasts post-Apple sales growth; shares rise

Reuters
A woman walks past a counter displaying mobile phones at the Qualcomm booth during the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2021. REUTERS/Florence Lo Nov 16 (Reuters) – Qualcomm Inc (QCOM.O) said on Tuesday it expects chip sales to Apple Inc (AAPL.O)......

Analysis: Banks profit from building up and breaking up companies

Reuters
Nov 16 (Reuters) – It is a constant dilemma facing companies; do they acquire or shed businesses to boost shareholder returns? Investment bankers profit every time the answer involves a deal, even if it represents an about-face for the companies. Last week’s announcements by General Electric Co (GE.N), Toshiba Corp......

China Telecom U.S. unit asks court to block U.S. FCC action

Reuters
Signage is seen at the headquarters of the Federal Communications Commission in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and......

Saudi PIF nearly triples U.S. stock holdings; adds Walmart, Pinterest

Reuters
DUBAI, Nov 15 (Reuters) – The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, nearly tripled its holdings of U.S.-listed stocks to $43.45 billion in the third quarter, adding shares of Alibaba Group , Walmart (WMT.N) and Pinterest (PINS.N). Its U.S.-listed stock holdings in the quarter ended Sept. 30......

Biden, needing a boost, to sign $1 trillion infrastructure bill

Reuters
WASHINGTON, Nov 15 (Reuters) – In need of a political boost, President Joe Biden will sign a $1 trillion infrastructure bill on Monday at a ceremony expected to draw Democrats and some Republicans who were instrumental in getting the legislation passed. The measure is expected to create jobs across the......

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