06 July

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France: we may refer Moscow to WTO over champagne row By Reuters

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PARIS (Reuters) - France's government said on Tuesday it may refer Russia to the World Trade Organisation (WTO) over Moscow's plans to force champagne producers to add the designation "sparkling wine" to their products sold in Russia. Moscow has adopted legislation requiring the "sparkling wine" label be added to bottles of foreign fizz, while Russian producers of the local version, "shampanskoye," do not have to add the label. Some French producers -- who assert that only products from France's Champagne region should sold as champagne -- interpreted the legislation as an effort to benefit Russian winemakers...

06 July

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Hong Kong govt says privacy law amendments only concern ‘doxxing’ acts By Reuters

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HONG KONG (Reuters) - The Hong Kong government said on Tuesday proposed amendments to the city's privacy law only concern "doxxing acts and law-enforcement powers of the Office of the Privacy Commissioner for Personal Data. The statement came after a technology industry group warned that tech companies such as Google (NASDAQ:GOOGL) and Facebook (NASDAQ:FB) could stop offering their services in Hong Kong if it proceeds with plans to change privacy laws. Hong Kong leader Carrie Lam said earlier the proposed changes will only target illegal "doxxing" behaviour, referring to the practice of the sharing of...

06 July

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SoftBank to pay $1.6 billion for Yahoo Japan rights By Reuters

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By Sam Nussey TOKYO (Reuters) -SoftBank's internet business Z Holdings Corp said on Monday it has agreed to pay 178.5 billion yen ($1.61 billion) to secure the rights to Yahoo branding and technology in perpetuity in Japan. In contrast to the retreat of Yahoo in the United States, the brand remains a core part of SoftBank's domestic internet business where the name adorns a web portal and services like shopping and weather. Verizon Communications Inc (NYSE:VZ) is offloading https://www.reuters.com/technology/apollo-acquire-verizons-media-assets-5-bln-2021-05-03 media businesses including Yahoo and AOL to private equity firm Apollo Global after...

06 July

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Amazon Gains Nearly 4% As Traders Welcome New CEO Jassy By Investing.com

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By Dhirendra Tripathi Investing.com – Amazon (NASDAQ:AMZN) rose more than 3.5% during Tuesday’s trading on high hopes for the company’s new president and CEO Andrew R. Jassy, a veteran at the cloud-computing and retail giant. Andy Jassy, as he is usually called, took over from Amazon’s iconic founder Jeff Bezos on Monday. Jassy, a 53-year-old MBA from Harvard, joined Amazon in 1997 as a marketing manager. Before taking over his current role, Jassy headed Amazon Web Services, the cloud services unit of the company that he had also helped create. AWS made an operating profit of...

06 July

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EU orders nearly 40 million additional J&J COVID vaccines By Reuters

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BRUSSELS (Reuters) - European Union countries have ordered nearly 40 million additional doses of the COVID-19 vaccine produced by Johnson & Johnson (NYSE:JNJ), a spokesman for the EU Commission said, despite the company's supply shortfalls in the first half of the year. The move is a sign of confidence in the single-dose vaccine but it also shows a cautious approach as the order placed is far below what was possible under the contract. EU nations initially ordered 200 million doses of the J&J vaccine and under the contract could buy up to another 200 million...

06 July

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China’s Premier Li hopes for healthy, stable relationship with Britain By Reuters

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BEIJING (Reuters) -China hopes to promote a healthy and stable relationship with Britain, state television quoted Premier Li Keqiang as saying on Tuesday. The countries have been at odds over issues including Hong Kong, and alleged human rights abuses against China's Uyghur ethnic group. "A stable Sino-British relationship is conducive to maintaining free and fair trade, promoting world economic recovery and meeting global challenges," Li said during a video conference with British business leaders. China is willing to improve cooperation with Britain while reserving differences, Li said. China hopes Britain can provide a fair, unbiased...

06 July

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Giving banks too much time to deal with bad loans a mistake: ECB By Reuters

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FRANKFURT (Reuters) - Giving euro zone banks exceptional leeway in recognising soured loans may be a mistake that could slow the bloc's recovery from a recession induced by the COVID-19 pandemic, European Central Bank supervisor Andrea Enria said on Tuesday. Faced with the aftermath of a deep downturn, European officials want to exempt banks from provisioning rules on non-performing loans (NPLs) backed by pandemic-related public guarantees for the first seven years, giving them relief just when bad loans are likely to rise. "I am not at all convinced that postponing calendar provisioning rules now, with the...

06 July

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Factbox-Plotting the return to normal as Delta variant spreads By Reuters

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(Reuters) - As COVID-19 vaccine rollouts gain momentum, many countries are opening borders and letting people back into restaurants, shops and sports venues after more than a year of on-off lockdowns. But the spread of the highly contagious Delta variant has led some countries to delay elements of their return to normal. Here are some of their plans, in alphabetical order with the latest moves in each country listed first: Authorities trying to stamp out an outbreak in Sydney of the Delta variant said on July 5 that the next two days would be...

06 July

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Qatar fund’s stake in Credit Suisse rises to 6% due to convertibles By Reuters

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By Saeed Azhar and Tom Arnold DUBAI/LONDON (Reuters) - Qatar Investment Authority (QIA) has raised its stake in Credit Suisse (SIX:CSGN) to 6%, in a move seen as underlining its long-term commitment to the troubled lender. The stake, higher than earlier estimated, follows QIA subscribing to two convertible notes, which will be converted into shares later this year, according to a regulatory filing. "It shows the continued support of a loyal long-term shareholder," said Andreas Venditti, senior analyst at Bank Vontobel, adding that the deal involved a select group of large core shareholders, including...

06 July

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Ocado confident online buying here to stay, announce Spain deal By Reuters

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By Sarah Young LONDON (Reuters) - Britain's Ocado (LON:OCDO) said demand for its grocery business and technology remained strong after it announced a 20% rise in first-half retail revenue on Tuesday and a new contract in Spain. The online grocer said the pandemic had resulted in a permanent shift to web-based shopping, helping drive demand for groceries it sells with partner Marks & Spencer and for its technology which helps retailers expand online. Its retail revenue for the 26 weeks to May 30, a period when Britain was mostly lockdown, rose 20% to 1.2 billion pounds...

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France: we may refer Moscow to WTO over champagne row By Reuters

Hong Kong govt says privacy law amendments only concern ‘doxxing’ acts By Reuters

SoftBank to pay $1.6 billion for Yahoo Japan rights By Reuters

Amazon Gains Nearly 4% As Traders Welcome New CEO Jassy By Investing.com

EU orders nearly 40 million additional J&J COVID vaccines By Reuters

China’s Premier Li hopes for healthy, stable relationship with Britain By Reuters

Giving banks too much time to deal with bad loans a mistake: ECB By Reuters

Factbox-Plotting the return to normal as Delta variant spreads By Reuters

Qatar fund’s stake in Credit Suisse rises to 6% due to convertibles By Reuters

Ocado confident online buying here to stay, announce Spain deal By Reuters

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