20 August

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Britain’s Morrisons agrees to CD&R’s $9.54 billion takeover offer By Reuters

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By James Davey LONDON (Reuters) -British supermarket Morrisons has agreed a takeover offer worth 7.0 billion pounds ($9.54 billion) from U.S. private equity group Clayton, Dubilier & Rice (CD&R), dropping its recommendation of a lower bid from a consortium led by Fortress Investment Group. Morrisons, which started out as an egg and butter merchant in 1899, said CD&R's offer is worth 285 pence a share, trumping a 272 pence a share offer, worth 6.7 billion pounds, from the consortium led by Softbank-owned Fortress. CD&R's offer gives the supermarket chain an enterprise value of 9.7 billion pounds...

20 August

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NASA halts SpaceX work on lunar lander after Blue Origin suit By Reuters

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By David Shepardson WASHINGTON (Reuters) - NASA agreed on Thursday to temporarily halt work on a $2.9 billion lunar lander contract awarded to Elon Musk's SpaceX after rival billionaire businessman Jeff Bezos's Blue Origin sued the U.S government, an agency spokeswoman said. Blue Origin has said its lawsuit https://www.reuters.com/business/aerospace-defense/blue-origin-sues-us-government-over-spacex-lunar-lander-contract-2021-08-16, filed in the U.S. Court of Federal Claims last week, was "an attempt to remedy the flaws in the acquisition process found in NASA's Human Landing System." A U.S. judge has set an Oct. 14 hearing on the case. NASA said in a statement it paused work...

20 August

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Facebook, Twitter and LinkedIn secure Afghan users’ accounts amid Taliban takeover By Reuters

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By Elizabeth Culliford (Reuters) - Facebook (NASDAQ:FB), Twitter and LinkedIn said this week they had moved to secure the accounts of Afghan citizens to protect them against being targeted amid the Taliban's swift takeover of the country. Facebook has temporarily removed the ability for people to view or search the friends lists of accounts in Afghanistan, its security policy head Nathaniel Gleicher tweeted on Thursday. Gleicher also said the company had launched a "one-click tool" for users in Afghanistan to lock down their accounts, so people who are not their Facebook friends would be unable...

20 August

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City of London the target as climate campaigners plan two weeks of protest By Reuters

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By Michael Holden LONDON (Reuters) - Environmental activists who caused days of traffic chaos in London two years ago said on Wednesday they would start a fortnight of action next week focused on the capital's financial district, which they blame for helping to fuel climate change. Extinction Rebellion (XR), which has regularly staged demonstrations across Britain targeting banks, financial institutions, energy firms and media organisations, said it expected thousands of activists to take part its "disruptive" protests which will start on Monday. "We'll be targeting the City of London because it's time that people understand the...

20 August

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Mortgage Delinquencies Sink to Pandemic Low as U.S. Jobs Return By Bloomberg

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(Bloomberg) -- Mortgage delinquency rates plunged in the second quarter to the lowest level since the pandemic began, as the improving economy helps distressed homeowners get out of trouble. The seasonally adjusted delinquency rate dropped to 5.47% of all loans outstanding, down from 8.22% a year earlier and the lowest since the first quarter of 2020, according to a survey by the Mortgage Bankers Association. The decline in the delinquency rate for loans for veterans and Federal Housing Administration mortgages -- the affordable path to homeownership for many first-time buyers and low-income Americans -- was...

19 August

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S&P 500 Cuts Losses on Tech Strength as Traders Contend Wild Swings By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 cut the bulk of its losses in a volatile session Wednesday, as Nvidia-led rally in tech stocks supported the broader market at a time when investors are growing concerned about tightening from the Federal Reserve. The S&P 500 fell 0.1%, though had fallen by as much as 0.7% intraday. The Dow Jones Industrial Average slipped 0.45%, or 156 points, the Nasdaq was down 0.03%. Nvidia (NASDAQ:NVDA) jumped 5% to led a climb in the chip stocks, and the broader tech sector after the chipmaker reported quarterly results that...

19 August

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Western Union suspends services in Afghanistan By Reuters

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By Tom Arnold LONDON (Reuters) - Western Union Co, the world's largest money transfer firm, has suspended services in Afghanistan, but is committed to resuming operations once conditions permit, it said following the crisis sweeping the country. The flow of funds from migrant workers overseas are a key lifeline for many Afghans and have helped the economy of one of the world's poorest nations weather years of violence and instability. Due to the ongoing situation in Afghanistan, current bank closures, and constraints on its agents' ability to operate, Western Union said it had suspended its services...

19 August

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‘Painful days ahead’ as Haitians struggle to count lives lost in quake By Reuters

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By Laura Gottesdiener CAVAILLON, Haiti (Reuters) - Haitian officials slowly tallied the dead and disappeared in remote villages on Thursday, after the toll from last weekend's devastating earthquake passed 2,000 and Prime Minister Ariel Henry warned the Caribbean nation faced painful times ahead. In the small town of Cavaillon, local officials huddled over pieces of paper where they recorded the number of damaged houses, schools and churches in each of the surrounding villages, along with the number of dead and missing. "We think there are still bodies in the ruins because we can smell them...

19 August

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Elon Musk’s satellites beam internet into remote Chilean fishing hamlet By Reuters

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By Pablo Sanhueza SOTOMO, Chile (Reuters) - After half an hour's windswept journey on foot and by boat through a craggy forested estuary to the school he attends in remote southern Chile, Diego Guerrero can finally access the internet. His school is located in the hamlet of Sotomo, around 1,000 kilometers (620 miles) south of the capital Santiago in the region of Los Lagos and inhabited by just 20 families. A rain-drenched scattering of brightly painted wooden and tin houses, Sotomo stands out against a mist-swathed row of rocky outcrops jutting out into...

19 August

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Biden Calls to Let Extra Jobless Benefits Expire, Despite Delta Surge By Bloomberg

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(Bloomberg) -- The Biden administration said in a letter to lawmakers Thursday that it’s “appropriate” for expanded unemployment benefits to expire as scheduled in a little more than two weeks, but that states and local governments can use pandemic-relief funds for added help beyond the deadline amid the surge of the delta variant. “There are some states where it may make sense for unemployed workers to continue receiving additional assistance for a longer period of time, allowing residents of those states more time to find a job in areas where unemployment remains high,” Treasury Secretary Janet...

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News

Britain’s Morrisons agrees to CD&R’s $9.54 billion takeover offer By Reuters

NASA halts SpaceX work on lunar lander after Blue Origin suit By Reuters

Facebook, Twitter and LinkedIn secure Afghan users’ accounts amid Taliban takeover By Reuters

City of London the target as climate campaigners plan two weeks of protest By Reuters

Mortgage Delinquencies Sink to Pandemic Low as U.S. Jobs Return By Bloomberg

S&P 500 Cuts Losses on Tech Strength as Traders Contend Wild Swings By Investing.com

Western Union suspends services in Afghanistan By Reuters

‘Painful days ahead’ as Haitians struggle to count lives lost in quake By Reuters

Elon Musk’s satellites beam internet into remote Chilean fishing hamlet By Reuters

Biden Calls to Let Extra Jobless Benefits Expire, Despite Delta Surge By Bloomberg

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