21 June

Sticky

Exclusive: Adviser to jailed HK tycoon Jimmy Lai says Apple Daily to shut within days By Reuters

Posted by admin

in News

HONG KONG, (Reuters) - Hong Kong pro-democracy newspaper Apple (NASDAQ:AAPL) Daily will be forced to shut "in a matter of days" after authorities froze the company's assets under a new national security law, an adviser to jailed tycoon Jimmy Lai told Reuters on Monday. Mark Simon, speaking by phone from the United States, said the company has no more access to funds and it plans to hold a board meeting on Monday to discuss how to move forward. ...

21 June

0 Comments

Sticky

UK launches plan to capitalise on science and technology breakthroughs By Reuters

Posted by admin

in News

LONDON (Reuters) - Prime Minister Boris Johnson said he would lead a new drive to capitalise on scientific and technological breakthroughs made in Britain with a programme to direct research into areas that will benefit the public good. Johnson will chair a group set up to "provide strategic direction on the use of science and technology as the tools to tackle great societal challenges, level up across the country and boost prosperity around the world", his office said. Seeking strategic gains for post-Brexit Britain, the plan looks to build on the success of the country's coronavirus...

20 June

0 Comments

Sticky

CD&R set to continue pursuit of UK’s Morrisons, FT says By Reuters

Posted by admin

in News

(Reuters) - U.S. private equity firm Clayton, Dubilier & Rice (CD&R) is set to push ahead with its pursuit of British supermarket chain Morrisons despite its initial offer being rejected, the Financial Times reported on Sunday. CD&R now plans to wait to gauge investor reaction and signs of any political pushback before deciding on its next steps, the newspaper reported, citing people familiar with the discussions. Morrisons had rejected a proposed 5.52 billion pound ($7.62 billion) cash offer from CD&R on Saturday, saying it was far too low. ...

20 June

0 Comments

Sticky

Pershing Square signs deal to buy 10% of Vivendi’s Universal – statement By Reuters

Posted by admin

in News

PARIS (Reuters) - Vivendi (PA:VIV), controlled by French billionaire Vincent Bollore, said on Sunday it had signed a deal to sell 10% of Universal Music Group (UMG) to Pershing Square (NYSE:SQ) Tontine Holdings. "After the 20% equity stake acquired by the Consortium led by the Tencent (HK:0700) group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness," Vivendi said in a statement. "As announced, the transaction is based on an enterprise value of 35 billion euros for 100% of UMG’s share capital." Vivendi is planning...

20 June

0 Comments

Sticky

ECB makes good progress on new strategy, Lagarde says By Reuters

Posted by admin

in News

FRANKFURT (Reuters) -European Central Bank policymakers meeting this weekend made "good progress" in reshaping the ECB's strategic goals, including the role it plays in fighting climate change and a revised approach to inflation, President Christine Lagarde said on Sunday. The 25 members of the ECB's Governing Council gathered in a hotel near Frankfurt to add impetus to the bank's first review of its approach to monetary policy in nearly two decades, which it aims to conclude in the second half of the year. Lagarde gave no detail of the outcome of the talks, saying only that...

20 June

0 Comments

Sticky

Italy, hosting G20, will call for tougher ‘gig economy’ rules By Reuters

Posted by admin

in News

ROME (Reuters) - Italy will call for tougher rules governing 'gig economy' workers when it hosts labour ministers of the world's biggest economies in the Group of 20 next week. Italy's labour minister, Andrea Orlando, said countries should require big companies such as Amazon (NASDAQ:AMZN) to take responsibility for working conditions at their suppliers, as part of reforms to ensure contractors are well-treated. "Large corporations must also take responsibility for small ones. They can no longer say that what happens outside their sheds does not concern them," Orlando was quoted as saying by Italian daily La...

20 June

0 Comments

Sticky

Boeing to use anti-jamming system from Israel’s Elbit in F-15s By Reuters

Posted by admin

in News

JERUSALEM (Reuters) - Boeing (NYSE:BA) said on Sunday it will integrate an anti-jamming system developed by Israel's Elbit Systems into a fleet of F-15 fighter jets to be sold to an unnamed customer. Elbit's Immune Satellite Navigation System ensures uninterrupted GPS operation, providing full jamming immunity for multiple satellite channels and can handle multiple interfering signals, the company said in a statement issued in Tel Aviv. Financial details were not disclosed. Lauren Gramlich, director for international F-15 programs at Boeing, said Elbit's system, "will meet the demanding operational requirements of this valued customer, and demonstrates...

20 June

0 Comments

Sticky

Hong Kong’s Apple Daily says only has cash for few weeks after assets frozen By Reuters

Posted by admin

in News

HONG KONG (Reuters) - Hong Kong's pro-democracy tabloid Apple (NASDAQ:AAPL) Daily said on Sunday the freezing of its assets in a national security probe had left the newspaper with cash for "only a few weeks" of normal operations and it may struggle to pay staff wages. The newspaper, whose chief editor and chief executive have been detained under the new security law and whose offices were raided by 500 police officers on Thursday, said the announcement was made in a management meeting on Friday. Three companies related to Apple Daily are also being prosecuted for collusion...

20 June

0 Comments

Sticky

Porsche to set up joint venture with German battery maker By Reuters

Posted by admin

in News

FRANKFURT (Reuters) - Volkswagen (DE:VOWG_p)'s luxury sports car unit Porsche AG is setting up a joint venture with Customcells to produce high-performance batteries that will significantly reduce charging times, the company said on Sunday. The partnership with Customcells, a company in southern Germany specialising in lithium-ion cells, will aim to produce car batteries with higher energy density than prototypes used in Porsche's current electric cars, the company said in a statement. European carmakers are pushing to reduce their dependence on Asia for batteries as they roll out all-electric models to meet stricter emissions targets in the...

20 June

0 Comments

Sticky

‘Forces for good will prevail’ – Taiwan welcomes massive U.S. vaccine aid By Reuters

Posted by admin

in News

By Ben Blanchard TAIPEI (Reuters) - Taiwan reacted with an outpouring of thanks to the United States for shipping 2.5 million COVID-19 vaccine doses to the major semiconductor-producing island, more than doubling its arsenal as it deals with a rise in domestic infections. Washington, competing with Beijing to deepen geopolitical clout through "vaccine diplomacy," initially had promised to donate 750,000 doses but increased that number as President Joe Biden's administration advances its pledge to send 80 million U.S.-made shots around the world. "What a sight! What a gesture!" Taiwan Foreign Minister Joseph Wu tweeted in...

Меню

News

Exclusive: Adviser to jailed HK tycoon Jimmy Lai says Apple Daily to shut within days By Reuters

UK launches plan to capitalise on science and technology breakthroughs By Reuters

CD&R set to continue pursuit of UK’s Morrisons, FT says By Reuters

Pershing Square signs deal to buy 10% of Vivendi’s Universal – statement By Reuters

ECB makes good progress on new strategy, Lagarde says By Reuters

Italy, hosting G20, will call for tougher ‘gig economy’ rules By Reuters

Boeing to use anti-jamming system from Israel’s Elbit in F-15s By Reuters

Hong Kong’s Apple Daily says only has cash for few weeks after assets frozen By Reuters

Porsche to set up joint venture with German battery maker By Reuters

‘Forces for good will prevail’ – Taiwan welcomes massive U.S. vaccine aid By Reuters

FINSPECTION MANAGEMENT LTD

FINSPECTION PLC LTD

FINACOM MANAGEMENT NV