HONG KONG (Reuters) - Next Digital's pro-democracy Hong Kong tabloid newspaper Apple (NASDAQ:AAPL) Daily and its online edition will cease operations by Wednesday as most of its employees have resigned, Cable TV and Oriental Daily said on Monday. The newspaper was raided by police last week in a national security probe. ...
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PARIS (Reuters) - European budget carrier Wizz Air expects to fully recover from the coronavirus crisis as travel demand rebounds from the pandemic, its chief executive said on Monday. Speaking at the virtual Paris Air Forum, Jozsef Varadi repeated recent comments that the Hungary-based airline would fly more seats this summer than it was flying two years ago before the pandemic struck. "From my perspective, 2022 should be a fairly robust year in terms of delivering not just the volume of traffic but also the financial performance attached to it," he said. "I'm looking at 2022...
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BERLIN (Reuters) -Germany's antitrust watchdog said on Monday it had launched an investigation into whether Apple (NASDAQ:AAPL) was exploiting its market dominance, following similar proceedings into U.S. tech rivals Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN) and Google (NASDAQ:GOOGL). Based on new competition law rules specifically intended for large digital companies, Germany's Federal Cartel Office (FCO) said it would assess whether Apple has a "paramount significance across markets" in a first step. "Based on this first proceeding, the (FCO) intends to assess in more detail specific practices of Apple in a possible further proceeding. In this regard, the authority...
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BERLIN (Reuters) - A German trade union called on workers at seven Amazon (NASDAQ:AMZN) warehouses to go on strike on Monday for several days to coincide with the global Prime Day promotion. Verdi said it was organising the three-day strike as part of a long-running battle with the U.S. tech giant in Germany over better pay and working conditions. "The workers in the mail order centres have to cope with the rush of customers and don't get a cent more for the additionally intensified workload," said Verdi representative Orhan Akman in a statement. Germany is Amazon's...
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By Guy Faulconbridge and Ben Makori LONDON (Reuters) - Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL) are the world's most valuable brands but Chinese brands are rising up the leaders list and are more valuable than Europe's top brands, according to a global ranking by Kantar’s BrandZ. Amazon, founded in 1994 by Jeff Bezos, remained the world's most valuable brand with an estimated value of $684 billion, followed by Apple, founded in 1976, at $612 billion and Google (NASDAQ:GOOGL) at $458 billion, Kantar said. Tencent (HK:0700), China's biggest social media and video games company, was the People's...
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LONDON (Reuters) - The British government's plans to build a 200 million pound ($276.3 million) successor to the Royal Yacht Britannia, which was retired in 1997, are a good idea, Business Secretary Kwasi Kwarteng said on Monday. "I think it is a good idea actually," Kwarteng told Sky, though he said there was still a discussion in government over the plans. "It's a huge amount of money." "What it does is it represents Britain - it is a symbol of Britain and if you are going on trade missions - that is exactly the...
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By Iain Withers LONDON (Reuters) - The dollar held on to the previous week's gains on Monday after the Fed's surprise hawkish tilt, while bitcoin tumbled as China stepped up its crackdown on mining of the cryptocurrency. The dollar index was broadly flat on the day after a leap of 1.9% last week - the most since March 2020 - as the U.S. Federal Reserve signalled a sooner-than-expected end to its ultra-easy monetary policy. The index, which tracks the greenback against six major currencies, dipped slightly to 92.221 from a high of 92.405 reached on...
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By Tyrone Siu HONG KONG (Reuters) - Next Digital's pro-democracy Hong Kong tabloid newspaper Apple (NASDAQ:AAPL) Daily will stop publication after June 26 if a board meeting on Friday decides to stop operations, an internal memo seen by Reuters showed. Police raided the newspaper last week in a national security investigation, in which senior Apple Daily executives were arrested for alleged "collusion with a foreign country" and assets of three companies linked to the newspaper were frozen. On Monday, an adviser to the jailed Next Digital owner and staunch Beijing critic Jimmy Lai, told Reuters the...
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By James Davey LONDON (Reuters) -Shares in Morrisons surged as much as 33% on Monday on hopes that U.S. private equity firm Clayton, Dubilier & Rice (CD&R) might raise its proposed offer for the British supermarket group or flush out interest from other suitors. Morrisons, Britain's fourth-largest grocer by sales behind market leader Tesco (LON:TSCO), Sainsbury's and Asda, on Saturday said it had rejected a proposed cash offer from CD&R. The company said the offer of 230 pence per share, equating to 5.52 billion pounds ($7.62 billion), "significantly undervalued" the group and its...
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MILAN (Reuters) - CNH Industrial has agreed a deal to buy Raven Industries to strengthen its position in the agricultural equipment business as the Italian-American vehicle maker prepares to spin off its truck, bus and engine operations. CNH Industrial will pay $58 per share for the U.S. agriculture technology company, a 33.6% premium to Raven's four-week volume-weighted average stock price, giving it an enterprise value of $2.1 billion, the companies said on Monday. "Precision agriculture and autonomy are critical components of our strategy," CNH Industrial Chief Executive Scott Wine said in a statement. Analysts at Bestinver Securities...
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