27 May

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Bomb threat cited by Belarus was sent after plane was diverted – Swiss email provider By Reuters

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By Raphael Satter WASHINGTON (Reuters) -A bomb threat cited by Belarusian authorities as the reason for forcing a Ryanair jetliner carrying a dissident journalist to land in Minsk was sent after the plane was diverted, privacy-focused email provider Proton Technologies AG said on Thursday. The Belarusian authorities said they ordered the plane, which was in their airspace on its way from Greece to Lithuania, to land in the Belarusian capital on Sunday because of a bomb threat from the Islamist militant group Hamas. Journalist Roman Protasevich and his girlfriend Sofia Sapega were arrested when the plane...

27 May

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Mali president and prime minister freed by military after resigning By Reuters

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By Paul Lorgerie and Tiemoko Diallo (Reuters) -Mali's ousted interim leaders have been freed after they were detained by the army and resigned, a military representative said on Thursday, as another questioned the feasibility of holding elections as promised next year. Interim President Bah Ndaw and Prime Minister Moctar Ouane were arrested and taken to a military base outside the capital on Monday, jeopardising an 18-month transition back to democracy after a coup last August. International powers including the United States and military ally France, worried about worsening security in Mali and its neighbours,...

27 May

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FTSE 100 finishes flat, GBP jumps following Vlieghe, Bitcoin hovers near $40K By Investing.com

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Key Points FTSE 100 closing price of 7,021.67, -0.07% Vlieghe comments lift GBP Oil steady Bitcoin hovers near $40K, Icahn interested? By Samuel Indyk Investing.com – The FTSE 100 finished Thursday flat as equity markets continued their relatively dull week. Of the midcaps, shares in Equiniti Group (LON:EQN) were top of the FTSE 250 after the company agreed to be acquired by Siris Capital for £673mln, representing a 56% premium from the closing price when takeover discussions were first disclosed in February. Shares in Centamin (LON:CEY) propped up the index after the company announced results...

27 May

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Yellen Says Higher Inflation Will Last Through 2021, Then Fade By Bloomberg

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(Bloomberg) -- U.S. Treasury Secretary Janet Yellen said she continues to see this year’s burst in inflation as temporary, though likely to last through the end of 2021. “My judgment right now is the recent inflation we’ve seen will be temporary, it’s not something that’s endemic,” Yellen said Thursday in response to questions from lawmakers. “I expect it to last, however, for several more months, and to see high annual rates of inflation through the end of this year,” Yellen said while testifying during a House Appropriations subcommittee’s virtual hearing. Read more: Biden Aides...

27 May

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BoE appoints Sarah Breeden in senior financial stability role By Reuters

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LONDON (Reuters) - The Bank of England said on Thursday it had appointed a new executive director for financial stability strategy and risk, Sarah Breeden, who will take a seat on the Financial Policy Committee. Breeden, a long-serving member of staff and the BoE's current executive director for UK deposit takers supervision, will start her new role in the summer, with the exact dates to be confirmed, the BoE said in a statement. ...

27 May

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EU bodies’ use of Amazon, Microsoft cloud services faces privacy probes By Reuters

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By Foo Yun Chee BRUSSELS (Reuters) -The European Commission and European Parliament's use of cloud computing services provided by Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) has prompted two EU privacy investigations over concerns about the transfer of personal data to the United States. Data privacy came under scrutiny after revelations in 2013 by former U.S. intelligence contractor Edward Snowden of mass U.S. surveillance. In response, Europe's highest court last year rejected a transatlantic data transfer deal, known as the Privacy Shield, following a long-running dispute between Facebook (NASDAQ:FB) and Austrian privacy activist Max Schrems. EU...

27 May

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GE Jumps On Large Onshore Wind Contract, Its Third In Two Days By Investing.com

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By Dhirendra Tripathi Investing – Shares of General Electric (NYSE:GE) shot up more than 6% Thursday as the company announced its third order win in two days, this one for supplying its Cypress onshore turbines for an 88 MW wind farm in Vietnam. BIM Wind JSC, a joint venture company between Vietnam’s BIM Energy Holding and Philippines’ AC Energy, has placed the order with GE. It includes a 15-year full-service operations and maintenance contract. The wind farm is expected to be commissioned by the end of third quarter of 2021....

27 May

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Airbus CEO seeks to calm supplier nerves over output hike By Reuters

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By Tim Hepher PARIS (Reuters) -The head of Europe's Airbus urged suppliers to prepare industrially and financially for steep increases in jet output floated earlier on Thursday, and said the industry was returning towards pre-crisis trends for its most popular airplanes. Airbus sees demand for single-aisle medium-haul jets like the A320neo as fundamentally strong, gradually resuming a trajectory seen before COVID-19 triggered production cuts. "It is just there. The pent-up demand is very strong for those flights," Chief Executive Guillaume Faury told Reuters in an interview "That is why we are sharing (production scenarios) with them...

27 May

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Russian court fines Twitter for failing to delete content By Reuters

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MOSCOW (Reuters) - A Russian court on Thursday fined Twitter 19 million roubles ($259,000) for failing to delete content considered illegal by Moscow, in the latest episode of a long-running dispute between Russia and the social network operator. Twitter has been subjected to a punitive slowdown in Russia since March, part of a broader stand-off between Moscow and big tech companies to beef up what it calls internet sovereignty. State communications regulator Roskomnadzor earlier this month partially halted the slowdown after Twitter deleted more than 90% of illegal content, which Roskomnadzor says includes posts containing child...

27 May

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Occidental Up As Goldman Upgrades, Citing Gap With Rivals By Investing.com

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By Dhirendra Tripathi Investing – Occidental Petroleum (NYSE:OXY) shares rose Thursday after Goldman Sachs (NYSE:GS) upgraded, saying the valuation gap with its competitors was too wide. Analyst Neil Mehta has upgraded the stock to buy from neutral, with a target of $31. This is 19% higher than the stock’s current price of $26. Mehta believes the oil and gas company will continue to focus on reducing its debt but be that as it may, it doesn't warrant underperformance. Occidental had a long-term net debt of $35.46 billion at the end of March. Current liabilities...

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Bomb threat cited by Belarus was sent after plane was diverted – Swiss email provider By Reuters

Mali president and prime minister freed by military after resigning By Reuters

FTSE 100 finishes flat, GBP jumps following Vlieghe, Bitcoin hovers near $40K By Investing.com

Yellen Says Higher Inflation Will Last Through 2021, Then Fade By Bloomberg

BoE appoints Sarah Breeden in senior financial stability role By Reuters

EU bodies’ use of Amazon, Microsoft cloud services faces privacy probes By Reuters

GE Jumps On Large Onshore Wind Contract, Its Third In Two Days By Investing.com

Airbus CEO seeks to calm supplier nerves over output hike By Reuters

Russian court fines Twitter for failing to delete content By Reuters

Occidental Up As Goldman Upgrades, Citing Gap With Rivals By Investing.com

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