07 July

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Universal movies to move to Peacock streaming service on quicker timeline By Reuters

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By Lisa Richwine LOS ANGELES (Reuters) - Comcast Corp (NASDAQ:CMCSA)'s Universal Pictures will send new movies exclusively to the company's Peacock streaming service no later than four months after they debut in theaters, the company said on Tuesday. Universal movies currently go to AT&T Inc (NYSE:T)'s HBO TV channel and the HBO Max streaming service about six months after they hit cinemas. The new arrangement begins in 2022 and will include films from Universal, animation studios DreamWorks Animation and Illumination, and arthouse division Focus Features. Financial terms were not disclosed. Upcoming titles include "Jurassic World: Dominion,"...

07 July

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The fight by Microsoft and Amazon for the Pentagon’s cloud contract By Reuters

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WASHINGTON (Reuters) - The U.S. Defense Department dealt a blow to Microsoft Corp (NASDAQ:MSFT) on Tuesday when the Pentagon announced it was scrapping the Trump-era award of a $10 billion JEDI cloud-computing project. The government will hold a new round of bids and allow multiple companies to compete, including rival Amazon.com (NASDAQ:AMZN). In November 2019, Microsoft beat favorite Amazon for the contract, called the Joint Enterprise Defense Infrastructure Cloud, or JEDI, which is part of a broad modernization of the Pentagon's information technology systems. Here is a timeline of important dates leading...

07 July

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Crypto exchange Binance temporarily suspends payments from EU’s SEPA network By Reuters

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(Reuters) -Cryptocurrency exchange Binance will temporarily suspend euro bank deposits from one of Europe's key payments networks, it said in an email sent to users on Tuesday. The email said that from 8 a.m. universal coordinated time on Wednesday, customers would no longer be able to deposit funds through the Single Euro Payments Area, or SEPA, schemes. The move was due to "events beyond our control", the exchange said in the email. "Any deposits attempted via SEPA in the meantime will be returned within 7 working days. SEPA withdrawals are unaffected by this suspension", Binance said....

06 July

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Asian equities see foreign outflows in June as virus woes weigh By Reuters

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By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) - Foreigners turned net sellers of Asian equities in June for a second consecutive month, as growing inflationary pressure and a spike in coronavirus cases in the region tempered risk appetite. Cross-border investors sold a combined net total of $725 million worth of equities last month in South Korea, Taiwan, the Philippines, Vietnam, Indonesia, and India, data from stock exchanges showed. That took the tally to $24.6 billion outflows in the first half of the year, compared with total inflows of $21.6 billion in the second half of...

06 July

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Net-zero carbon impact on UK debt could be less than pandemic hit-OBR By Reuters

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LONDON (Reuters) - The impact on Britain's public debt mountain caused by action to meet the country's net carbon zero target by 2050 could be less severe than that of the coronavirus pandemic, as long as the government moves quickly, the country's fiscal watchdog said. The Office for Budget Responsibility said its early-action scenario added 21% of gross domestic product to public sector net debt in 2050-51, or 469 billion pounds ($650 billion) in today's terms. "That is somewhat smaller than the addition to net debt as a result of the pandemic," the OBR said in...

06 July

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EU carbon border tax to raise about 10 billion euros annually – FT By Reuters

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(Reuters) - Brussels expects to raise about 10 billion euros ($11.82 billion) a year from a carbon tax on imports as part of its effort to tackle global warming, the Financial Times reported on Tuesday https://on.ft.com/36i9uPG. The money will be used to repay hundreds of billions in EU joint recovery debt, the newspaper said, citing details of the European Union's upcoming Carbon Border Adjustment Mechanism (CBAM) laid out in a legal text. The European Commission intends to introduce the tax gradually starting in 2023 to allow businesses a "transitional" period to adjust, the report added. ($1 = 0.8460...

06 July

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Pentagon scraps Trump’s $10 billion cloud deal for Microsoft, reviving Amazon bid By Reuters

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By Diane Bartz and David Shepardson WASHINGTON (Reuters) - The U.S. Defense Department canceled its $10 billion JEDI cloud-computing project on Tuesday, pulling the Trump-era award to Microsoft Corp (NASDAQ:MSFT) and announcing a new multi-vendor contract expected to include its big tech rival Amazon.com (NASDAQ:AMZN). The contract awarded by the Pentagon in late 2019 has been on hold after Amazon filed a lawsuit challenging the decision under then-President Donald Trump. Trump publicly derided then-Amazon CEO Jeff Bezos and repeatedly criticized the company. Amazon said in 2019 the Pentagon decision was full of "egregious errors,"...

06 July

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Oil at 7-Year High on OPEC Disarray, Didi Tumbles, ISM – What’s Moving Markets By Investing.com

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By Geoffrey Smith Investing.com --- Crude oil prices hit a seven-year high as OPEC's meeting ends in disarray. Didi Global stock falls 20% after China's cyberspace regulator has its app pulled from stores across the country. The ISM's non-manufacturing survey is due, while German data suggests the chip shortage is hitting the auto sector hard. And REvil, the group behind the latest big ransomware attack, demands $70 million in order to go away. Here's what you need to know in financial markets on Tuesday, July 6th. 1. Oil hits new highs on OPEC disarray Crude oil...

06 July

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After COVID, UK government will focus on jobs, investment and innovation – PM Johnson By Reuters

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LONDON (Reuters) - British Prime Minister Boris Johnson told his cabinet of ministers on Tuesday that their focus must shift to delivering job, investment and innovation as the country emerges from the pandemic. In a briefing summarising the contents of Johnson's comments in the cabinet meeting, his spokesman told reporters: "He concluded by saying that the topics discussed at today's cabinet - jobs, investment and innovation - would be the core focus of the government as we emerge from this pandemic." ...

06 July

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UK 10-year bonds record biggest daily gain since March 2020 By Reuters

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LONDON (Reuters) - British 10-year government bond prices surged to a four-and-a-half month high on Tuesday and recorded their biggest daily gain since March 2020, when the Bank of England restarted bond purchases early in the COVID-19 pandemic. Tuesday's rally for gilts came as part of a broader global rise in bond prices which U.S. investors said reflected hopes that the American economy would not overheat as it rebounded from the pandemic. Ten-year gilt yields plunged more than 8 basis points on the day to 0.635%, their biggest one-day fall since March 23, 2020 and tracking...

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Universal movies to move to Peacock streaming service on quicker timeline By Reuters

The fight by Microsoft and Amazon for the Pentagon’s cloud contract By Reuters

Crypto exchange Binance temporarily suspends payments from EU’s SEPA network By Reuters

Asian equities see foreign outflows in June as virus woes weigh By Reuters

Net-zero carbon impact on UK debt could be less than pandemic hit-OBR By Reuters

EU carbon border tax to raise about 10 billion euros annually – FT By Reuters

Pentagon scraps Trump’s $10 billion cloud deal for Microsoft, reviving Amazon bid By Reuters

Oil at 7-Year High on OPEC Disarray, Didi Tumbles, ISM – What’s Moving Markets By Investing.com

After COVID, UK government will focus on jobs, investment and innovation – PM Johnson By Reuters

UK 10-year bonds record biggest daily gain since March 2020 By Reuters

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