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UK’s Wetherspoon to continue giving masks to customers after curbs ease By Reuters

(Reuters) - British pub operator J D Wetherspoon PLC said on Friday it will continue giving masks to customers as well as employees, and encourage placing orders through mobile applications even after England lifts most pandemic-related curbs on July 19. The company will retain most of the social distancing guidelines set last year, but said it would now allow employees to wear masks at their discretion and permit group visits of more than six persons. Britain on Friday reported its highest number of new COVID-19 cases in more than six months, days before the government plans...

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Tesla launches subscription service for advanced driver assistance software By Reuters

BERKELEY, California (Reuters) -Tesla Inc said on Saturday that it has introduced an option for some customers to subscribe to its advanced driver assistance software, dubbed "Full Self-Driving capability", for $199 per month, instead of paying $10,000 upfront. "FSD capability subscriptions are currently available to eligible vehicles in the United States. Check your Tesla app for updates on availability in other regions," Tesla said on its website. "The currently enabled features do not make the vehicle autonomous," Tesla said, adding they "require a fully attentive driver, who has their hands on the wheel and is...

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ECB Seen Changing Words Now, Bond-Buying Later With New Strategy By Bloomberg

(Bloomberg) -- The European Central Bank is likely to limit changes to its monetary policy to words at next week’s meeting, leaving decisions on future bond-buying until the economic outlook clears, according to a Bloomberg survey of economists. Policy makers will have to adapt their language on interest rates, asset purchases and other tools to a new inflation strategy that allows prices to grow moderately faster than 2% -- the goal going forward -- for some time. Economists including ING’s Carsten Brzeski and Rabobank’s Bas van Geffen expect a signal that substantial monetary stimulus may remain...

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EU’s von der Leyen expects pragmatism from UK on Northern Ireland By Reuters

DUBLIN (Reuters) - European Commission President Ursula von der Leyen on Friday said she expected the British government to show flexibility and pragmatism on Northern Ireland trade, describing the deal agreed last year as "the only solution." "I cannot imagine that our British friends will not show the same flexibility and the same pragmatism, because we all share the same purpose, that we want to have peace and stability on the island of Ireland," der Leyen said at a press briefing in Dublin with Irish Prime Minister Micheal Martin. ...

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What might the Bank of England do to wean the UK economy off stimulus? By Reuters

LONDON (Reuters) - Two top Bank of England officials surprised investors this week by saying the time might be nearing for the British central bank to rein in the huge stimulus programme it has used to steer the economy through the coronavirus crisis. With activity bouncing back strongly, and inflation rising faster than expected, Deputy Governor Dave Ramsden said on Wednesday that the BoE might start to consider tightening monetary policy sooner than he previously thought. On Thursday, Monetary Policy Committee member Michael Saunders went further, warning that sticking with the BoE's full 895 billion pound...

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MoneyGram Surges On Report Advent Wants It In Its PE bag By Investing.com

By Dhirendra Tripathi Investing.com – Moneygram (NASDAQ:MGI) stock surged 4% Friday on a report in the Financial Times that private equity company Advent is eyeing a stake in the money-transfer services company. The company is "rumored to be in the sights of private equity group Advent," FT said. The speculation about Advent's interest surfaced as MoneyGram is close to closing a major debt refinancing, the paper said. On Wednesday, MoneyGram announced a private offering of $415 million refinancing debt, pricing it at 5.375%, payable semi annually with maturity on August 1, 2026. The offering is expected...

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GSK anaemia drug shows promise as treatment in kidney disease patients By Reuters

(Reuters) - GSK said on Friday its anaemia drug for patients with kidney disease succeeded in late-stage trials, marking an important milestone for the British drugmaker as it bolsters its pipeline ahead of a split with its consumer healthcare venture. The drug, daprodustat, improved haemoglobin levels in patients who had not received any standard care, and helped maintain the levels in those who did, results from five late stage studies by the company showed. Daprodustat belongs to a new class of medicines that works by copying the body's response to hypoxia, or low oxygen levels,...

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Xiaomi Up 4% On Overtaking Apple As Second Largest Smartphone Maker By Investing.com

By Dhirendra Tripathi Investing.com – Xiaomi (OTC:XIACY) stock rose 4% Friday on a report showing the Chinese company overtook Apple in the second quarter to be the world’s second-largest smartphone maker. Apple (NASDAQ:AAPL) stock dipped 0.5%. According to analyst firm Canalys, South Korea’s Samsung (OTC:SSNLF) continued to be the largest smartphone maker, with its second-quarter market share at 19%, ahead of Xiaomi’s 17% and Apple’s 14%. Oppo and Vivo came next, with 10% market share each. Xiaomi’s shipments grew 83%, with Oppo’s a distant second at 28%. Samsung’s shipments grew 15% and Apple’s 1%. Canalys Research...

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Global bond fund inflows fall on inflation worries- Lipper By Reuters

(Reuters) - Investments into global bond funds dropped sharply in the week to July 14, as a jump in U.S. inflation rates raised fears that rising price pressures may lead the Fed to tighten policy rates soon. According to Refinitiv Lipper data, global bond funds received inflows worth $5.2 billion over that period, a 72% drop compared with previous week. Some analysts also said investors booked profits during the week after an extended rally in bond prices in the weeks before. Graphic: Fund flows into global equities bonds and money markets: https://fingfx.thomsonreuters.com/gfx/mkt/ygdvzzxbavw/Fund%20flows%20into%20global%20equities%20bonds%20and%20money%20markets.jpg Inflation-linked...

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Lidar supplier AEye inks deals with Continental, TuSimple By Reuters

(Corrects spelling of Aeva Technologies in penultimate paragraph) By Stephen Nellis (Reuters) -Self-driving sensor maker AEye Inc on Wednesday said it had struck deals with German automotive supplier Continental AG (DE:CONG) and autonomous trucking firm TuSimple related to its technology. AEye makes what is called lidar, which helps self-driving vehicles gain a three-dimensional view of the road using laser light. The company plans to become publicly traded this year as part of a merger with CF Finance Acquisition Corp III, a blank check firm backed by financial services firm Cantor Fitzgerald. In May, the...

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