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07 April
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Blackberry Gains As Volvo Signs Up To Use Its OS In Heavy Vehicles    By Investing.com

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By Dhirendra Tripathi Investing.com – BlackBerry (NYSE:BB) shares rose more than 5% Wednesday following the company’s disclosure that Volvo (OTC:VLVLY) will use its QNX operating system as the foundational software in the over 300,000 heavy vehicles the Swedish company makes every year. Qualcomm (NASDAQ:QCOM) said Volvo wanted to find a single supplier for the OS and hypervisor to meet the needs of the "whole truck." The engagement gives developers the freedom to design the best possible system for Volvo as it looks at the requirements of the next 15 years, including the future support of autonomous...

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07 April
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France will continue massive support for air transport sector -finance minister By Reuters

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PARIS (Reuters) - The French government will continue giving strong support to the air transport industry throughout the COVID-19 pandemic, Finance Minister Bruno Le Maire said on Wednesday. "We will continue to support massively and durably the French air transport sector, the small- and medium-sized companies that work in the industry, the aerospace industry, Airbus, and the entire French industry " Le Maire told the French Senate. On Tuesday, France announced plans to contribute to a 4 billion euro ($4.8 billion) recapitalisation of Air France-KLM and more than double its stake in the airline to nearly...

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07 April
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Britain’s medicine regulator says identified possible side effect of Oxford/AstraZeneca vaccine By Reuters

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LONDON (Reuters) - Britain's medicine regulator has identified a possible side-effect from COVID-19 vaccine developed by Oxford University and AstraZeneca (NASDAQ:AZN) involving rare brain blood clotting, chief executive June Raine said on Wednesday. She added that its benefits outweighed the risks for the vast majority. ...

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07 April
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IMF says more vaccine spending is fastest way to shore up public finances By Reuters

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By David Lawder WASHINGTON (Reuters) - The COVID-19 pandemic will continue to swell global public debt in 2021, but spending more money to accelerate vaccinations is the fastest way to start to normalize government finances, the International Monetary Fund said on Wednesday. The IMF said in its 2021 Fiscal Monitor report that if faster global vaccinations bring the virus under control sooner, more than $1 trillion in additional global tax revenue could be collected through 2025 in advanced economies. If that same upside scenario in the Fund's economic forecasts materializes, global GDP output could increase by...

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07 April
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Erdogan Says He’s Resolved to Cut Rates, Build Istanbul Channel By Bloomberg

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(Bloomberg) -- The Turkish government is determined to bring down interest rates and inflation to single digits, President Recep Tayyip Erdogan said, sounding more eager than his new central banker to lower borrowing costs. The Turkish president also said he intends to expedite his controversial plan to dig a strait bisecting Istanbul to bypass the busy Bosphorus Strait linking the Black and Marmara seas. “We are determined to bring inflation, which has recently accelerated, down to single digits,” Erdogan said, addressing lawmakers of the ruling AK Party in Ankara on Wednesday. “We are also determined to...

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07 April
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Apple to start enforcing new app privacy notifications in coming weeks By Reuters

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(Reuters) - Apple Inc (NASDAQ:AAPL) said on Wednesday that in the coming weeks it will start enforcing a new privacy notification rule that digital advertising firms such as Facebook Inc (NASDAQ:FB) have warned will hurt their sales. Apple said the notices will become mandatory when its iOS 14.5 operating system becomes available in the coming weeks, though it did not give a precise date. The one-time notices will require an app developer to ask a user’s permission before the app tracks activities “across other companies’ apps and websites.” Digital advertising industry experts have said...

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07 April
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Exclusive-EU antitrust regulators to okay with conditions Schwarz, Suez deal – sources By Reuters

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BRUSSELS (Reuters) - EU antitrust regulators are set to approve with conditions Lidl-owner Schwarz's proposed acquisition of French waste and water management company Suez's recycling business in four EU countries, two people familiar with the matter said on Wednesday. Schwarz, whose PreZero environmental division is making the acquisition, last month offered to sell assets to address the European Commission's competition concerns. ...

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07 April
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Redis Labs valued at over $2 billion in latest funding from SoftBank, others By Reuters

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(Reuters) - Redis Labs, a real-time cloud analytics platform firm, said on Wednesday it has raised $110 million in its Series G round from investors including SoftBank Group Corp's Vision Fund, valuing the firm at over $2 billion. The latest round, with funding from new investors Vision Fund and Tiger Global Management and existing investor TCV, brings the net amount raised by Redis Labs so far to $347 million. The company's investors include Bain Capital Ventures, Francisco Partners, Goldman Sachs (NYSE:GS) Growth, Viola Ventures and Dell Technologies Capital. Founded in 2011 by Ofer Bengal...

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07 April
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G20 agree to boost IMF war chest by $650 billion amid pandemic -draft By Reuters

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(Corrects spelling of COVID in first paragraph) BRUSSELS (Reuters) - The world's financial leaders will agree on Wednesday to boost the resources of the International Monetary Fund by $650 billion so it can better help vulnerable countries deal with the effects of the COVID-19 pandemic, a draft communique showed. The draft, to be endorsed by financial ministers and central bank governors of the world's 20 biggest economies, also returned to a pledge to fight protectionism in world trade, a reference dropped since March 2016 on the insistence of the administration of former U.S. president Donald Trump....

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07 April
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UK pensions regulator warns pension schemes on climate disclosures By Reuters

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LONDON (Reuters) - Britain's pensions regulator will consider enforcement action against pension schemes who do not make mandatory climate risk disclosures, it said on Wednesday. The Pensions Regulator said it was calling on scheme trustees to protect pensions savers from climate risk, ahead of proposed regulations requiring trustees of larger schemes to keep track of their climate change exposure. “Where we do not see schemes complying with the rules, we will consider enforcement action," David Fairs, the watchdog's executive director of regulatory policy, analysis and advice said in a statement. ...

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