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Gulf fintech tabby doubles valuation to $3.3 billion ahead of IPO
By Federico Maccioni DUBAI, Feb 12 (Reuters) - Gulf fintech tabby has more than doubled its valuation to $3.3 billion after completing a new funding round, as the buy now, pay later (BNPL) firm prepares for a stock market listing within 18 months, its chief executive told Reuters.The company rais...Reuters
Wed, Feb 12
BRIEF-Tsmc: Approved The Capital Injection Of Not More Than $10 Billion To Tsmc Global Ltd For The Purpose Of Reducing Foreign Exchange Hedging Costs
Feb 12 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd 2330.TW:TSMC: APPROVED THE CAPITAL INJECTION OF NOT MORE THAN $10 BILLION TO TSMC GLOBAL LTD FOR THE PURPOSE OF REDUCING FOREIGN EXCHANGE HEDGING COSTSSource text: [ID:]Further company coverage: 2330.TWReuters
Wed, Feb 12
Trump's crackdown on illegal immigration risks rejuvenating inflation
President Donald Trump has promised to unleash the latest deportation in American history as part of his plan to heavily crackdown on illegal immigration, but while the economic impact is likely to be limited, there is a risk that it could leave a dent in the labor supply, rejuvenating inflation , GInvesting.com
Wed, Feb 12
Taiwan's Foxconn says it can plan production around Trump tariffs
NEW TAIPEI, Taiwan, Feb 12 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics manufacturer and Apple's AAPL.O main iPhone maker, can plan its production around new U.S. tariffs, the company's chairman said on Wednesday.U.S. President Donald Trump announced...Reuters
Wed, Feb 12
US consumer watchdog fires some probationary staff, sources say
By Douglas Gillison and Chris Prentice WASHINGTON, Feb 11 (Reuters) - The U.S. Consumer Financial Protection Bureau fired some probationary staff on Tuesday, according to a recipient of a termination letter and people familiar with the matter, the latest move in an onslaught of the agency by the ...Reuters
Wed, Feb 12
Apple suppliers exploring iPhone production in Indonesia, Nikkei Asia reports
Feb 12 (Reuters) - Apple AAPL.O suppliers are exploring iPhone production in Indonesia as the U.S. company continues its efforts to have a government sales ban on its latest handsets lifted, Nikkei Asia reported on Wednesday, citing multiple sources.Reuters
Wed, Feb 12
Giant schnauzer Monty takes best in show at Westminster Kennel Club
Recasts with winnerBy Jessica DiNapoli and Daniel TrottaNEW YORK, Feb 11 (Reuters) - Monty the giant schnauzer won best in show at the Westminster Kennel Club dog show on Tuesday, finally taking the top prize after reaching the final round for the third consecutive year in the most prestigious dog s...Reuters
Wed, Feb 12
US chip toolmaker Lam Research to invest over $1 billion in India
BENGALURU, Feb 12 (Reuters) - U.S.-based chip toolmaker company Lam Research LRCX.O said it will invest over 100 billion rupees ($1.2 billion) in the next few years in India's southern Karnataka state, the latest boost to the nation's plans to bolster its semiconductor ecosystem.During an &#...Reuters
Wed, Feb 12
BRIEF-Chinese Tech Giant Baidu To Release Next-Generation AI Model This Year - CNBC
Feb 11 (Reuters) - CHINESE TECH GIANT BAIDU TO RELEASE NEXT-GENERATION AI MODEL THIS YEAR AS DEEPSEEK SHAKES UP MARKET - CNBCSource text: https://tinyurl.com/22wrk5nfFurther company coverage: 9888.HKReuters
Wed, Feb 12
American Marc Fogel greeted by Trump after being released from prison by Russia
Sentenced to 14 years in Russian prison after being found holding medically prescribed marijuanaSchoolteacher detained since August 2021US says his release is a positive sign for Ukraine conflictAdds Trump saying terms of deal were very fair, paragraph 7By Jeff Mason and Steve Holland WASHINGTON,...Reuters
Wed, Feb 12
INSIGHT-Inside the collapse of Nissan and Honda's $60 billion mega deal
Nissan's pride and denial hindered merger talks, sources sayHonda pushed Nissan for deeper cuts to jobs, factory capacity, sources sayNissan unwilling to consider factory closures, sources sayHonda's proposal to make Nissan a subsidiary caused tensions, sources sayBy Maki Shiraki, Daniel Leu...Reuters
Wed, Feb 12
Two nurses in Australia suspended for reportedly making antisemitic comments
Note offensive language, racial slurs in paragraphs 3-5Nurses suspended for antisemitic threats in TikTok videoPolice anti-semitic taskforce investigates videoNSW Health Minister vows nurses won't work againAustralian PM condemns video as vile and shameful SYDNEY, Feb 12 (Reuters) - Two nurse...Reuters
Wed, Feb 12
BRIEF-Snap Announces Pricing Of Upsized Offering Of $1.5 Billion Of Senior Notes Due 2033
Snap Inc SNAP.N:SNAP ANNOUNCES PRICING OF UPSIZED OFFERING OF $1.5 BILLION OF SENIOR NOTES DUE 2033SNAP INC - PRICES $1.5 BILLION OF 6.875% SENIOR NOTES DUE 2033Source text: ID:nBw6QGkVmaFurther company coverage: SNAP.NReuters
Wed, Feb 12
Trump says Putin got little in return for releasing American schoolteacher Marc Fogel
WASHINGTON, Feb 11 (Reuters) - U.S. President Donald Trump called the release of American schoolteacher Marc Fogel a fair deal and said in remarks at the White House that Russian President Vladimir Putin got very little in return.Russia released Fogel on Tuesday following an unannounced visit to Mos...Reuters
Wed, Feb 12
BRIEF-Spirit Airlines Says Proceeds With Standalone Recapitalization Rejects Most Recent Proposal From Frontier
Feb 11 (Reuters) - Spirit Airlines Inc SAVEQ.PK:SPIRIT AIRLINES PROCEEDS WITH STANDALONE RECAPITALIZATION; REJECTS MOST RECENT PROPOSAL FROM FRONTIERSPIRIT AIRLINES INC - FRONTIER PROPOSES $400 MILLION DEBT AND 19% EQUITY TO SPIRIT STAKEHOLDERSSPIRIT AIRLINES INC - EXPECTS TO COMPLETE RESTRUCTURING ...Reuters
Wed, Feb 12
