By Yingzhi Yang and Sumeet Chatterjee (Reuters) - China's Ant Group Chief Executive Officer Simon Hu has unexpectedly resigned amid a regulatory-driven overhaul of the financial technology giant's business, the first top management exit since a scuppered $37 billion initial public offering. Hu, who was named chief executive of the Alibaba ...
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By Dhirendra Tripathi Investing.com – AT&T (NYSE:T) shares rose 3.7% Friday after the company projected a bigger than expected subscriber base for its HBO Max and HBO streaming services. The media and telecom company said on Friday it expects the global subscriber base to come between 120 million and 150 million for HBO Max and HBO by the end of 2025. The higher...
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AMSTERDAM (Reuters) - A Dutch court has dismissed claims by a group of British Uber (NYSE:UBER) drivers that sought access to the data that the ride hailing company collects about them. The drivers at a hearing in December had demanded full access to data gathered through the app they were required to use...
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By Dhirendra Tripathi Investing.com – Meme stocks are surging one more time. In Friday’s session so far, GameStop (NYSE:GME), the leader of the pack, rose 10% while Koss (NASDAQ:KOSS) was up 24%. AMC Entertainment (NYSE:AMC) shares also traded with 10% gains. This is even as most broader indices were weak on concerns over rising bond yields and the stimulus getting tapered. Meme stocks...
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By Angelo Amante ROME (Reuters) - Italy will be placed under a nationwide lockdown over the Easter weekend for the second year running, the government said on Friday, underlining the struggle to stem a fresh surge in coronavirus cases. Non-essential shops will be shuttered nationwide from April 3-5 and on those days, Italians will only be allowed to leave their homes for...
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LONDON (Reuters) - British police said on Friday that human remains found in a wood outside London was the body of Sarah Everard, whose disappearance last week has sparked anger and fears among women about their safety. "I can now confirm that it is the body of Sarah Everard. Clearly Sarah's family...
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(Bloomberg) -- The government of Prime Minister Mario Draghi has approved strict new curbs for most of Italy, with the country’s most populous regions facing a lockdown as the coronavirus pandemic worsens. Draghi’s cabinet approved a decree automatically designating regions as high-risk “red zones” if they have more than 250 weekly cases per 100,000 inhabitants, according to a statement from his office. The...
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By Dhirendra Tripathi Investing.com – Novavax (NASDAQ:NVAX) shares were up by a fifth in premarket trading Friday after data from a late-stage trial showed that its vaccine is effective against the original Covid-19 strain as well as its variants. The shares exchanged hands at $225. The company has done trials in the U.K. and South Africa. The company’s vaccine candidate...
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By Huw Jones and Simon Jessop LONDON (Reuters) - More than 80% of Britain's blue chip companies have a director from a minority ethnic group, bringing an end-of-year voluntary target within reach, a committee that surveys diversity on corporate boards said. However, minority ethnic representation at the summit of the executive ladder remains limited, falling from last year, the government-backed Parker Review...
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By Howard Schneider and Ann Saphir WASHINGTON/SAN FRANCISCO (Reuters) - Good news came in a bundle this week for workers furloughed last year from the Walt Disney (NYSE:DIS) Co.'s California theme park. The company said it would bring back a first tranche of 10,000 employees as it readies to reopen Disneyland...
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