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Nasdaq to buy fintech firm Adenza for $10.5 billion, rattling some investors

Reuters | June 12, 2023

By Manya Saini, Anirban Sen and John McCrank (Reuters) -Nasdaq on Monday agreed to buy Thoma Bravo-owned software firm Adenza for $10.5 billion, with the exchange operator’s biggest-ever deal broadening its financial technology footprint but giving shareholders a case of sticker shock. Adenza’s risk management and regulatory software is primarily used by banks and brokerages […]

Oil posts second weekly decline as demand concerns overshadow Saudi cut

Reuters | June 9, 2023

By Shariq Khan BENGALURU (Reuters) – Oil prices fell more than a dollar a barrel on Friday to record a second straight weekly decline, as disappointing Chinese data added to doubts about demand growth after Saudi Arabia’s weekend decision to cut output. Brent crude futures fell $1.17, or 1.5%, to settle at $74.79 a barrel, […]

Instagram, YouTube, TikTok, Twitter target of EU crypto advertising complaint

Reuters | June 9, 2023

By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms’ Instagram, Alphabet’s YouTube, TikTok and Twitter could face regulatory action after European consumer group BEUC complained to the European Commission and consumer authorities that the online platforms allegedly facilitate the misleading promotion of crypto assets. U.S. regulators suing crypto platforms Coinbase and Binance, along with last […]

Oil prices ease as economic fears overshadow Saudi output cut

Reuters | June 6, 2023

By Scott DiSavino NEW YORK (Reuters) -Oil prices eased about 1% on Tuesday as worries that sluggish global economic growth could reduce energy demand outweighed Saudi Arabia’s pledge to deepen output cuts. Brent futures fell 42 cents, or 0.6%, to settle at $76.29 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 41 cents, […]

Apple to sell Vision Pro AR headset for triple Meta’s top-line price

Reuters | June 6, 2023

By Stephen Nellis CUPERTINO, California (Reuters) -Apple on Monday unveiled a costly augmented-reality headset called the Vision Pro in its riskiest bet since the introduction of the iPhone more than a decade ago, barging into a market dominated by Meta. At its annual developer conference, Apple also introduced a raft of new products and features, […]

J&J secures dismissal of whistleblower case over misuse of confidential info

Reuters | June 2, 2023

By Brendan Pierson (Reuters) – A federal appeals court, in a decision unsealed Wednesday, upheld the dismissal of a whistleblower lawsuit against Johnson & Johnson as a sanction for the plaintiffs’ misuse of confidential records they obtained through related litigation. The lawsuit, which accused J&J’s DePuy Orthopaedics unit of defrauding the federal government by marketing […]

Big Tobacco faces big EU counterfeit problem

Reuters | June 1, 2023

By Richa Naidu, Emma Pinedo and Emilio Parodi MADRID (Reuters) – Spanish police raided three clandestine tobacco factories early this year, seizing nearly 40 million euros ($44 million) worth of tobacco leaf and illicit cigarettes. At one, in the northern town of Alfaro, they found 10 Ukrainian workers, five of them war refugees, who’d been […]

Elon Musk greeted with flattery and feasts during China trip

Reuters | May 31, 2023

By Martin Quin Pollard BEIJING (Reuters) -Billionaire Elon Musk was showered with praise during a trip to China this week, with people on social media calling him “a pioneer”, “Brother Ma” and “a global idol” while the CEO of Tesla, Twitter, SpaceX and other companies also met in person with three government ministers. Since landing […]

AI means everyone can now be a programmer, Nvidia chief says

Reuters | May 29, 2023

TAIPEI (Reuters) – Artificial intelligence means everyone can now be a computer programmer as all they need to do is speak to the computer, Nvidia Corp CEO Jensen Huang said on Monday, hailing the end of the “digital divide”. Nvidia has surged to become the world’s most valuable listed semiconductor company as a major supplier […]

U.S. warns China could hack infrastructure, including pipelines, rail systems

Reuters | May 26, 2023

By Raphael Satter, Zeba Siddiqui and James Pearson (Reuters) -The U.S. State Department warned on Thursday that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, after researchers discovered a Chinese hacking group had been spying on such networks. A multi-nation alert issued Wednesday revealed the […]

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