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03 May
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Apollo nears deal to buy Verizon’s media assets – source By Reuters

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By Greg Roumeliotis NEW YORK (Reuters) - Apollo Global Management Inc is close to buying the media assets of Verizon Communications Inc (NYSE:VZ) in a deal that could be valued close to $5 billion, a source familiar with the matter told Reuters. Bloomberg had reported https://bloom.bg/3e8aSsV earlier on Sunday the announcement could come 'as soon as Monday.' Verizon Communications and Apollo Global Management did not immediately respond to Reuters request for comment. Last week, Wall Street Journal reported that Verizon was exploring a sale of its media assets, which include Yahoo and AOL....

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02 May
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English music-lovers party like it’s 2019 at COVID pilot festival By Reuters

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(Fixes typo in headline) By Hanna Rantala LONDON (Reuters) -Live music returned to the birthplace of The Beatles after a long coronavirus-enforced silence on Sunday when the English city of Liverpool hosted a one-off music festival to test whether such events spread the virus. Around 5,000 people ditched face coverings and social distancing rules in the name of science and music. They attended the outdoor event having tested negative for COVID-19, and promised to get themselves tested again five days after the festival. Their data will be used by the government's Events Research Programme to...

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02 May
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Tesla allows six more months to start German gigafactory-Automobilwoche By Reuters

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FRANKFURT (Reuters) - Tesla CEO Elon Musk has given its German team six more months to start production at its delayed factory near Berlin, its first gigafactory in Europe, German weekly Automobilwoche reported, citing company sources. A Tesla spokeswoman declined to comment on the report, referring to last month's official statement by the carmaker that put the start of production at the Gruenheide site towards the end of 2021. Initially, Tesla had planned to start production on July 1, 2021, but red tape and plans to also build a battery cell factory on the site have...

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02 May
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Intel to invest $600 million to expand chip, Mobileye R&D in Israel By Reuters

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By Steven Scheer JERUSALEM (Reuters) - Intel Corp (NASDAQ:INTC) said on Sunday it will invest another $600 million in Israel to expand its research and development (R&D) and confirmed it was spending $10 billion on a new chip plant. The announcement was made during a one-day visit to Israel by Intel Chief Executive Pat Gelsinger as part of a European tour that included Germany and Belgium last week. Intel is investing $400 million to turn its Mobileye (F:0ME) unit headquartered in Jerusalem into an R&D campus for developing self-driving car technologies. Another $200 million...

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02 May
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Analysis-In Apple versus Epic Games, courtroom battle is only half the fight By Reuters

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By Stephen Nellis SAN FRANCISCO (Reuters) - Epic Games faces an uphill legal battle against Apple Inc (NASDAQ:AAPL) in an antitrust trial starting Monday, and a defeat for the maker of "Fortnite" could make it harder for U.S. government regulators to pursue a similar case against the iPhone maker, legal experts said. But win or lose at the trial, Epic, which has pursued an aggressive public relations campaign against Apple alongside its court pleadings, may have already accomplished a major goal: Drawing Apple squarely into the global debate over whether and how massive technology companies should...

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02 May
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Vodafone teams up with Google Cloud on data analytics By Reuters

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(Reuters) - Mobile operator Vodafone Group (LON:VOD) Plc and Alphabet (NASDAQ:GOOGL) Inc's Google Cloud entered a strategic partnership to jointly develop data services, Vodafone said on Sunday. About 1,000 workers in Britain, Spain and the United States will be to asked by both companies to create "Nucleus", a new cloud-based storage and analytics portal which will host Vodafone's data. Nucleus will be capable of processing around 50 terabytes of data a day within the cloud, Vodafone said in a statement. "Both companies will drive the use of reliable and secure data analytics, insights, and...

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02 May
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In energy-reliant Canada, banks and investors face dilemma in meeting emissions target By Reuters

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By Nichola Saminather TORONTO (Reuters) - Canadian banks' commitments to "net-zero financed emissions" by 2050 have drawn doubts from many investors, given the lack of a defined goal, details and their continued support for oil and gas companies, even if partially aimed at helping them transition to alternatives. But their growing funding for green projects also presents a dilemma for shareholders who might want to divest. The situation highlights the largely Canadian quandary faced by both the banks and their investors. Even in their quest to shrink financing for big emission-producers, the lenders cannot withdraw...

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02 May
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UK PM Johnson set to unveil reform of planning and state aid -FT By Reuters

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(Reuters) - British Prime Minister Boris Johnson has approved a new legislative programme of more than 25 bills that will implement planning reform and a new state aid regime, as he seeks to flesh out his post-pandemic economic recovery plan, the Financial Times reported on Sunday. Johnson wants the programme, to be outlined in the Queen's Speech on May 11, to deliver the meat of the Conservative Party's 2019 election manifesto and signal the start of a return to "normality" after COVID-19, the newspaper https://on.ft.com/3aXSTU3 reported, citing people briefed on the plans. ...

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02 May
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UK’s Provident Financial to close doorstep loans’ unit -Mail on Sunday By Reuters

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(Reuters) - Britain's Provident Financial (LON:PFG) Plc is closing down its doorstep lending business after 141 years, the Mail on Sunday newspaper reported. Provident, which lends to people who do not meet the lending criteria of mainstream banks, will also close its online lending business, according to the report. The company will instead focus on its credit card business and its car finance operation. The company declined to comment on the Mail on Sunday report. Provident has faced criticism historically for poor treatment of some vulnerable customers. https://reut.rs/3nH3mIL In 2020, the company faced a...

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02 May
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UK’s Raab: No final decision on EU ambassador’s status By Reuters

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LONDON (Reuters) - Britain has not made a final decision on whether to grant the European Union's ambassador in London, Joao Vale de Almeida, full diplomatic status, Foreign Minister Dominic Raab said on Sunday. Britain and the European Union have been at odds over the British government's refusal to grant EU representatives' full diplomatic status in London after Brexit. Asked whether a decision had been taken to grant diplomatic status, Raab said: "Look, we're pragmatic about this, of course the EU's not quite an international organisation, it's not quite a normal state, we're engaged in negotiations...

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