22 May

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Auto data startup Wejo in talks with Virtuoso on SPAC merger – sources By Reuters

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By Ben Klayman and Anirban Sen (Reuters) - Wejo is in talks to go public through a reverse merger with blank-check company Virtuoso Acquisition Corp in a deal that would value the British connected car data start-up at more than $1 billion, two people familiar with the matter said. The deal has not closed and terms could still change, according to the sources, who asked not to be identified. The sides also have not closed a deal to raise funding from investors to support the deal, the sources said. This type of funding, which is...

22 May

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AstraZeneca’s COVID vaccine slightly less effective against variant found in India, CEO tells FT By Reuters

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(Reuters) - AstraZeneca (NASDAQ:AZN)'s COVID-19 vaccine was only slightly less effective against the variant first found in India than the strain identified in Kent, the company's Chief Executive Officer Pascal Soriot said in an interview with Financial Times on Friday. He added the company is in talks with governments, including the United Kingdom, about new contracts for booster doses. ...

21 May

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Coca Cola in EU antitrust regulators’ crosshairs By Reuters

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By Foo Yun Chee BRUSSELS (Reuters) - EU antitrust regulators have launched a preliminary investigation into Coca Cola Co, the European Commission said on Friday. "We can confirm that the Commission has sent out questionnaires, as part of its preliminary investigation into Coca Cola," a Commission spokeswoman said. "The preliminary investigation is ongoing. We cannot comment on or predict its timing or outcome," she said, declining to provide further details. Coca Cola said it received a formal request for information on Thursday. "While we will co-operate fully with the Commission, it would be inappropriate for us...

21 May

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Elon Musk says Tesla eyeing Russia as a potential production hub By Reuters

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MOSCOW (Reuters) -Elon Musk said on Friday that Tesla was close to establishing a presence in Russia and was looking at whether it could open factories there. Addressing an event in Russia via video link, Musk said the company already had production sites in China and the United States, but was looking at opening production facilities in other parts of the world. The Russian Ministry of Industry and Trade invited Musk to Russia. "Dear @Elonmusk, we were delighted to learn that you are considering building a factory in Russia. By the way, we have a...

21 May

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Norwegian Air raises fresh capital, set to exit restructuring By Reuters

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OSLO (Reuters) - Norwegian Air is set to exit its restructuring process next week after raising the 6 billion Norwegian crowns ($714 million) it targeted through the sale of perpetual bonds, new shares and a rights issue, the company said on Friday. Financed largely by debt, Norwegian Air grew rapidly, serving routes across Europe and flying to North and South America, Southeast Asia and the Middle East before the COVID-19 pandemic plunged the budget airline into crisis. Courts in Ireland and Norway had demanded the airline raise at least 4.5 billion crowns as part of a...

21 May

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Quake in Yunnan, China, kills two – CGTN TV By Reuters

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(Reuters) - A 6.1-magnitude earthquake struck Yunnan province in southwestern China late on Friday, the European earthquake monitoring service (EMSC) said, and a Chinese television network said at least two people had died. The quake hit at a depth of 12 kilometers (7.46 miles) and was followed by aftershocks, EMSC said https:// China's CGTN https:// television network said in a tweet that rescuers recovered the bodies of two people. It said nine other people had been found in the rubble as of late Friday. It quoted authorities as saying the collapse of some...

21 May

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Exclusive – Boeing plans new 737 MAX output jump in late-2022, sources say By Reuters

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By Eric M. Johnson and Tim Hepher SEATTLE/PARIS (Reuters) - Planemaker Boeing (NYSE:BA) Co has drawn up preliminary plans for a fresh sprint in 737 MAX output to as many as 42 jets a month in fall 2022, industry sources said, in a bid to extend its recovery from overlapping safety and COVID-19 crises. The plans would lift output beyond an early 2022 target of 31 a month, which the sources said Boeing aims to reach in March. But implementation will depend on a cocktail of factors including demand, the uncertain capacity of some suppliers...

21 May

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Apple’s Tim Cook says ‘threat profile’ of iPhone justifies App Store rules By Reuters

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By Stephen Nellis (Reuters) - Apple Inc (NASDAQ:AAPL) Chief Executive Tim Cook on Friday told a court that threats to iPhone security and privacy required tight control of the App Store, which "Fortnite" game maker Epic Games says is a monopoly that Apple illegally abuses. The testimony constitutes Cook's most extensive public remarks on the App Store, which anchors Apple's $53.8 billion services business, at a time when the company that once urged the world to 'think different' is criticized as too big and too powerful. Epic has waged a public relations and legal campaign,...

21 May

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FTSE 100 holds above 7,000, DXY reclaims 90.00, Bitcoin falls on China crackdown By Investing.com

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Key Points FTSE 100 closing price of 7,016.5, -0.05% Card Factory falls after trading update UK retail sales surge, PMI hits record high Bitcoin falls as China crackdown intensifies By Samuel Indyk Investing.com – The FTSE 100 finished relatively flat but closed above 7,000 in a relatively quiet day for UK shares. Shares in Card Factory (LON:CARDC) underperformed after the greetings card retailer announced that store sales were lower on a like-for-like basis in the five weeks since non-essential retail could reopen. The disappointing figures from a retail name were at odds with official figures from...

21 May

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Foreign airlines begin to resume Tel Aviv flights after Gaza truce By Reuters

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By Jonathan Saul JERUSALEM (Reuters) - Foreign airlines on Friday made preparations to resume services to Tel Aviv hours after Israel and Hamas reached a truce after the worst violence in years. While Israeli carrier El Al Israel Airlines kept flying, many international airlines including British Airways suspended flights to and from Israel's main Ben Gurion Airport near Tel Aviv. Others were diverted to Ramon Airport near Eilat, several hours drive away. Delta Airlines (NYSE:DAL) said it had suspended flights to Tel Aviv on May 12. "Delta plans to resume service from New York-JFK to Tel...

Меню

Auto data startup Wejo in talks with Virtuoso on SPAC merger – sources By Reuters

AstraZeneca’s COVID vaccine slightly less effective against variant found in India, CEO tells FT By Reuters

Coca Cola in EU antitrust regulators’ crosshairs By Reuters

Elon Musk says Tesla eyeing Russia as a potential production hub By Reuters

Norwegian Air raises fresh capital, set to exit restructuring By Reuters

Quake in Yunnan, China, kills two – CGTN TV By Reuters

Exclusive – Boeing plans new 737 MAX output jump in late-2022, sources say By Reuters

Apple’s Tim Cook says ‘threat profile’ of iPhone justifies App Store rules By Reuters

FTSE 100 holds above 7,000, DXY reclaims 90.00, Bitcoin falls on China crackdown By Investing.com

Foreign airlines begin to resume Tel Aviv flights after Gaza truce By Reuters

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