03 April

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Air Canada scraps Transat deal on EU headwinds, other bidder returns By Reuters

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By Arunima Kumar and Allison Lampert (Reuters) - Air Canada scrapped its proposed acquisition of Transat AT Inc on Friday after being advised by the European Commission that it would still face high regulatory hurdles, clearing the way for other domestic suitors for the tour operator. Canada's largest airline said that after recent discussions with the European Commission (EC), it had become...

03 April

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Diary of a meltdown: how the Archegos Capital fire sale went down By Reuters

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By Elizabeth Dilts Marshall and Matt Scuffham (Reuters) - The meltdown of Archegos Capital Management LP, a New York investment fund run by former Tiger Asia manager Bill Hwang, has sent shock waves across Wall Street and drawn regulatory scrutiny in three continents. After paying $44 million to settle U.S. insider trading allegations, Hwang in 2013 reinvented Tiger Asia as Archegos Capital,...

02 April

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Seduced by Archegos’ growth, Nomura took a chance on Hwang comeback By Reuters

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By Lawrence Delevingne, Matt Scuffham and Sumeet Chatterjee NEW YORK/HONG KONG (Reuters) - U.S. investor Sung Kook "Bill" Hwang was looking for a second chance on Wall Street after falling from grace and shutting his multibillion-dollar hedge fund firm. Japan's Nomura Holdings Inc gave him one. Nomura had previously had a relationship with...

02 April

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Alphabet Waymo self-driving unit CEO stepping down By Reuters

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WASHINGTON (Reuters) -The head of Alphabet (NASDAQ:GOOGL) Inc’s self-driving unit Waymo said on Friday he was stepping down as chief executive and would be replaced by a pair of executives. John Krafcik, a long-time auto industry executive who has headed Waymo for more than five years, will stay on as an advisor, the company said. "This is a choice John has...

02 April

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Chinese authorities tell H&M to change the ‘problematic map’ By Reuters

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STOCKHOLM (Reuters) - Chinese authorities have asked H&M to change a map on its website in the latest clash between the clothing giant and officialdom there, media reported on Friday. The company, based in Sweden, has faced a backlash in China in recent days after it voiced concerns last year about alleged human rights abuses in Xinjiang province. ABC News reported that...

02 April

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UK reports 52 new COVID deaths, 3,402 new cases By Reuters

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LONDON (Reuters) - Britain reported 52 new COVID-19 deaths within 28 days of a positive test and a further 3,402 new cases, official data showed on Friday. A total of 31,301,267 people have now received their first dose of a vaccine, the figures showed. ...

02 April

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UK crime agency considers investigating Lebanon corruption report, sources say By Reuters

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By John Irish and Samia Nakhoul PARIS/BEIRUT (Reuters) - Britain's organised crime agency is reviewing a report by a group of London-based lawyers which accuses Lebanon's central bank governor Riad Salameh and associates of money laundering and corrupt practices, four sources familiar with the matter said. The 76-page report, seen by Reuters, outlines what it says are assets, companies and investment...

02 April

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EU urges China to ensure freedom of speech after BBC journalist leaves country By Reuters

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By Foo Yun Chee BRUSSELS (Reuters) - The European Union on Friday called on China to ensure freedom of speech and the press after a British Broadcasting Corporation journalist in China relocated to Taiwan saying he had suffered threats and obstruction. The journalist, John Sudworth, told BBC radio he moved with his family because it had become increasingly difficult to remain in...

02 April

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Russia’s Sputnik news agency halts operations in Britain – media group By Reuters

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MOSCOW (Reuters) - Russian news agency Sputnik will halt operations in Britain and move its English language service to Moscow and Washington, the media group that launched it in 2014 said on Friday, at a time when Russian-British relations have hit a low point. Rossiya Segodnya said the move was part of a plan to reorganize its international presence in a...

02 April

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Tesla posts record deliveries in first quarter, beats estimates By Reuters

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(Reuters) -Tesla Inc on Friday posted record deliveries for the January to March quarter, beating Wall Street estimates, as solid demand offset the impact of a global shortage of parts. "We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity," Tesla said in a statement. "The new Model S...

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News

Air Canada scraps Transat deal on EU headwinds, other bidder returns By Reuters

Diary of a meltdown: how the Archegos Capital fire sale went down By Reuters

Seduced by Archegos’ growth, Nomura took a chance on Hwang comeback By Reuters

Alphabet Waymo self-driving unit CEO stepping down By Reuters

Chinese authorities tell H&M to change the ‘problematic map’ By Reuters

UK reports 52 new COVID deaths, 3,402 new cases By Reuters

UK crime agency considers investigating Lebanon corruption report, sources say By Reuters

EU urges China to ensure freedom of speech after BBC journalist leaves country By Reuters

Russia’s Sputnik news agency halts operations in Britain – media group By Reuters

Tesla posts record deliveries in first quarter, beats estimates By Reuters

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