News
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Investors temper Ukraine hopes ahead of Trump and Putin summit
Ceasefire hopes have built ahead of Trump Putin summit in AlaskaUkraine bonds have rallied but remain well below highsInvestors cautious after ugly Oval Office meeting in FebruaryBy Marc Jones LONDON, Aug 14 (Reuters) - Investors are tempering expectations that Friday's summit between Donald ...Reuters
Thu, Aug 14
Microsoft Is Getting Ready To Return To The Office - The Verge
Aug 14 (Reuters) - Microsoft Corp MSFT.O:MICROSOFT IS GETTING READY TO RETURN TO THE OFFICE - THE VERGEMOST MICROSOFT EMPLOYEES ARE GOING TO HAVE TO RETURN AT LEAST THREE DAYS A WEEK - THE VERGESource text: [https://tinyurl.com/4ybw9rfy]Reuters
Thu, Aug 14
AI startup Cohere valued at $6.8 billion in latest fundraise, appoints new executives
Aug 14 (Reuters) - Cohere was valued at $6.8 billion after its latest $500 million funding round, as the artificial intelligence startup moves to expand its market share in a highly competitive industry. The funding round was led by Radical Ventures and Inovia Capital, with participation from existi...Reuters
Thu, Aug 14
Philips To Invest Over $150 Mln In Manufacturing, R&D In U.S.
Aug 14 (Reuters) - Koninklijke Philips NV PHG.AS:PHILIPS ANNOUNCES PLAN FOR MORE THAN USD 150 MILLION OF NEW INVESTMENT IN MANUFACTURING AND RESEARCH AND DEVELOPMENT IN THE U.S. TO EXPAND PRODUCTION OF AI-POWERED HEALTH TECHNOLOGY INNOVATIONSReuters
Thu, Aug 14
Wealthsimple asks Canada to review rising bank transfer fees
By Nivedita BaluTORONTO, Aug 14 (Reuters) - Canadian financial services company Wealthsimple asked Ottawa this week to review rising bank exit fees, in an annual consultation for the government's budget, the company said. Exit fees for Canadians moving their Registered Retirement Savings Plan or...Reuters
Thu, Aug 14
JD.com faces battle to gain ground in China's instant delivery market
By Deborah Mary Sophia and Sophie Yu Aug 14 (Reuters) - Chinese e-commerce giant JD.com 9618.HK, JD.O is going all out to build its instant-delivery business to diversify revenue, but breaking into the competitive industry is proving difficult. The company has poured billions into JD Takeaway, th...Reuters
Thu, Aug 14
Mubadala Reports Stake in Disney and Merck, Dissolves Stake in Comcast
Aug 14 (Reuters) - MUBADALA INVESTMENT CO PJSC :REPORTS SHARE STAKE OF 39,400 SHARES IN DISNEY- SEC FILINGREPORTS SHARE STAKE OF 44,600 SHARES IN MERCKDISSOLVES SHARE STAKE IN COMCASTDISSOLVES SHARE STAKE IN HEWLETT PACKARD ENTERPRISEDISSOLVES SHARE STAKE IN MARRIOTT VACATIONS WORLDWIDEDISSOLVES SHA...Reuters
Thu, Aug 14
Mexico's Sheinbaum says former Pemex CEO arrested in US, to be deported
MEXICO CITY, Aug 14 (Reuters) - Mexico President Claudia Sheinbaum said on Thursday that Carlos Trevino, former CEO of state oil company Pemex, had been arrested in the United States and would be deported to stand trial in Mexico for corruption charges."It’s an extradition request that has been ...Reuters
Thu, Aug 14
Atrium hires Axis Capital trio to launch credit and political risk unit
By Ashish TiwariAug 14 - (The Insurer) – Atrium has hired Richard Lamb from Axis Capital to lead a newly created credit and political risk team, as the specialty insurer looks to build a book in a segment that has gained prominence amid heightened geopolitical tensions.Beth MacGregor and Adam Vullia...Reuters
Thu, Aug 14
Hiscox names AIG's Budd as group head of technical claims
By Navneeta NandanAug 14 - (The Insurer) - Global specialty insurer Hiscox has appointed Matthew Budd to the newly created role of group head of technical claims.In his new role, Budd will be responsible for overseeing the group’s technical claims operations.He will be based in London and report to ...Reuters
Thu, Aug 14
US says stable West Bank in line with Trump goal for regional peace
WASHINGTON, Aug 14 (Reuters) - The United States on Thursday responded to Israeli far-right Finance Minister Bezalel Smotrich's announcement that work would start on a long-delayed settlement that would divide the West Bank by saying that a stable West Bank is in line with the Trump administrati...Reuters
Thu, Aug 14
Fox sues Fox Sports Mexico for trademark infringement
By Blake Brittain Aug 14 (Reuters) - Fox FOXA.O sued its former Mexican sports broadcasting partner in New York federal court on Thursday, alleging that it continued to use the Fox Sports Mexico name without permission after Fox ended their agreement earlier this year.Fox said in the lawsuit that...Reuters
Thu, Aug 14
Saudi's Public Investment Fund Dissolves Share Stake In Meta, Alibaba & Fedex
Aug 14 (Reuters) - PUBLIC INVESTMENT FUND:PUBLIC INVESTMENT FUND DISSOLVES SHARE STAKE IN META PLATFORMS INCPUBLIC INVESTMENT FUND DISSOLVES SHARE STAKE IN ALIBABA GROUP- SEC FILINGPUBLIC INVESTMENT FUND DISSOLVES SHARE STAKE IN PAYPALPUBLIC INVESTMENT FUND DISSOLVES SHARE STAKE IN NU HOLDINGSPUBLIC...Reuters
Thu, Aug 14
ANALYSIS-Diplomacy or defiance: Iran’s rulers face existential choice after US-Israeli strikes
Clerical elite eyes return to diplomacy with US to avoid further devastating attacks Supreme Leader Khamenei backs resuming nuclear dialogue amid internal rifts, insiders say Conceding to Trump demand for nuclear shutdown would rupture Islamic Republic leadershipPublic anger growing over perception ...Reuters
Thu, Aug 14
Trump thinks Putin is ready to make a deal on Ukraine
By Nandita Bose and Steve Holland WASHINGTON, Aug 14 (Reuters) - President Donald Trump said on Thursday he believes Russian President Vladimir Putin will make a deal about his war on Ukraine, and that the threat of sanctions against Russia likely played a role in Moscow's decision to seek a ...Reuters
Thu, Aug 14
NFL cannot force Black coach's racial bias claims into arbitration, appeals court rules
Brian Flores alleged 'sham' interviews for coaching jobsNFL's Goodell cannot oversee arbitrations unilaterallyNFL disagrees with decision, to seek further reviewBy Jonathan Stempel NEW YORK, Aug 14 (Reuters) - The National Football League cannot force Minnesota Vikings defensive coord...Reuters
Thu, Aug 14
Vesttoo creditors' liquidating trustee accuses McKinsey of 'gross negligence' in advisory role
By Isha MaratheAug 13 - (The Insurer) - The trustee of the Vesttoo creditors' liquidating trust, Lawrence Hirsh, sued McKinsey & Company and McKinsey Israel on Wednesday for allegedly providing false information to cedents and ignoring how a hyper-concentrated reinsurance investment busines...Reuters
Thu, Aug 14
Trump says he hopes to 'save' Hong Kong democrat Jimmy Lai
WASHINGTON, Aug 14 (Reuters) - U.S. President Donald Trump on Thursday said he would see what he could do to help "save" detained Hong Kong media tycoon Jimmy Lai even though Chinese President Xi Jinping would not be "thrilled.""I'm going to do everything I can to save him,&#...Reuters
Thu, Aug 14
