26 July

Sticky

China’s new private tutoring rules put billions of dollars at stake By Reuters

Posted by admin

in News

HONG KONG (Reuters) - China's sweeping new rules in private tutoring has left private education firms facing a significant business impact as Beijing steps up regulatory oversight of a $120 billion industry that investors had bet billions of dollars on in recent years. The new rules released on Friday bars for-profit tutoring in core school subjects in an effort to boost the country's birth rate by lowering family living costs. The news sent shockwaves through the sector and parents struggled to understand how exactly the move would impact their children in a highly competitive education system....

26 July

0 Comments

Sticky

China accuses U.S. of creating ‘imaginary enemy’ in high-level talks By Reuters

Posted by admin

in News

By Yew Lun Tian BEIJING (Reuters) -A top Chinese diplomat took a confrontational tone on Monday in rare high-level talks with the United States, accusing it of creating an "imaginary enemy" to divert attention from domestic problems and suppress China. Amid worsening relations between the world's two largest economies, Deputy Secretary of State Wendy Sherman, the second-ranked U.S. diplomat, arrived on Sunday for the face-to-face meetings in the northern city of Tianjin. "The United States wants to reignite the sense of national purpose by establishing China as an 'imaginary enemy'," state television quoted Vice...

26 July

0 Comments

Sticky

UK looks to remove China’s CGN from nuclear power projects – FT By Reuters

Posted by admin

in News

(Reuters) -Britain is exploring ways to remove China's state-owned nuclear energy company China General Nuclear Power Group CGN) from all future power projects in the UK, the Financial Times reported on Sunday, citing people familiar with the plans. The change in Britain's stance could affect the Sizewell C nuclear energy project in Suffolk, England, that France's EDF (PA:EDF) is scheduled to build with backing from CGN, and proposals for a new plant at Bradwell-on-Sea in Essex, the newspaper said https://on.ft.com/3zCGvmb. A spokesperson for China's foreign ministry, Zhao Lijian said on Monday that "The British should earnestly...

26 July

0 Comments

Sticky

Sorrell’s S4 snaps up Salesforce-partner Destined By Reuters

Posted by admin

in News

LONDON (Reuters) - Martin Sorrell's S4 Capital has struck a deal to acquire Australia's Destined to expand the British group's presence in Asia Pacific and on the Salesforce platform. Destined is a leading Salesforce partner providing cloud and marketing services to enterprise clients such as Spotify, Panasonic and Opal HealthCare. Sorrell, the world's most famous advertising executive who spent decades building WPP (LON:WPP), had said earlier this month his ad group S4 was increasing its firepower for acquisitions due to booming demand....

26 July

0 Comments

Sticky

EU regulator backs AstraZeneca drug for rare blood disorder in children By Reuters

Posted by admin

in News

(Reuters) - AstraZeneca (NASDAQ:AZN) said on Monday the European Medicines Agency (EMA) recommended approving a medicine from its U.S.-based Alexion (NASDAQ:ALXN) unit for treating a rare, deadly blood disorder in children and adolescents aged up to 18 years. The drugmaker recently completed its $39-billion acquisition of Alexion, which it had agreed to buy as a bet on rare-disease immunology and to boost its business that includes a fast-growing cancer medicines unit and a major COVID-19 vaccine. AstraZeneca said the drug Ultomiris had been given a positive opinion for paroxysmal nocturnal haemoglobinuria (PNH) by the human...

26 July

0 Comments

Sticky

With $4 billion in losses, Heathrow tells UK: open up travel By Reuters

Posted by admin

in News

LONDON (Reuters) -London's Heathrow Airport urged Britain on Monday to open up travel to vaccinated passengers after its recovery fell behind Europe, pushing its cumulative pandemic losses to $4 billion. Heathrow, which before the pandemic was the busiest airport in Europe, said that fewer than four million people travelled through the airport in the first half of 2021, a level which would have been surpassed in 18 days of 2019's traffic. It said it now believes 21.5 million passengers will travel through Heathrow in 2021, driven by what it hopes will be pent-up demand...

26 July

0 Comments

Sticky

Dollar holds near multi-month highs as Fed meeting in focus By Reuters

Posted by admin

in News

By Kevin Buckland TOKYO (Reuters) - The U.S. dollar hovered near its strongest level since early April against the euro on Monday, as financial markets looked ahead to the Federal Open Market Committee (FOMC) meeting this week for clues on the timing of stimulus tapering. The greenback was also close to a 12-day high on the safe-haven yen as record-high U.S. equity markets buoyed risk sentiment. The dollar index, which measures the currency against six major peers, stood at 92.920 at the start of the week, off from last week's 3-1/2-month high of 93.194. It...

26 July

0 Comments

Sticky

Asia stocks sidelined as funds flock to Wall St By Reuters

Posted by admin

in News

By Wayne Cole SYDNEY (Reuters) - Asian shares struggled to rally on Monday as super-strong U.S. corporate earnings sucked funds out of emerging markets and into Wall Street, where records were falling almost daily. More than one third of S&P 500 is set to report quarterly results this week, headlined by Facebook Inc (NASDAQ:FB), Tesla Inc, Apple Inc (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL) Inc, Microsoft Corp (NASDAQ:MSFT) and Amazon.com (NASDAQ:AMZN). With just over a fifth of the S&P 500 having reported, 88% of firms have beaten the consensus of analysts' expectations. That is a...

25 July

0 Comments

Sticky

China crackdown could knock crude oil import growth to 20-year low By Reuters

Posted by admin

in News

By Florence Tan and Shu Zhang SINGAPORE (Reuters) -Beijing's crackdown on the misuse of import quotas combined with the impact of high crude prices could see China's growth in oil imports sink to the lowest in two decades in 2021, despite an expected rise in refining rates in the second half. Shipments into the world's top crude importer and No. 2 refiner could be steady, or increase by up to 2% to just over 11 million barrels per day (bpd) this year, consultancies Energy Aspects, Rystad Energy and Independent Commodity Intelligence Services (ICIS) found. That...

25 July

0 Comments

Sticky

Cars, pavements washed away as Belgian town hit by worst floods in decades By Reuters

Posted by admin

in News

BRUSSELS (Reuters) - The southern Belgian town of Dinant was hit by the heaviest floods in decades on Saturday after a two-hour thunderstorm turned streets into torrential streams that washed away cars and pavements but did not kill anyone. Dinant was spared the deadly floods 10 days ago that killed 37 people in southeast Belgium and many more in Germany, but the violence of Saturday's storm surprised many. "I have been living in Dinant for 57 years, and I've never seen anything like that," Richard Fournaux, the former mayor of the town on the Meuse...

Меню

China’s new private tutoring rules put billions of dollars at stake By Reuters

China accuses U.S. of creating ‘imaginary enemy’ in high-level talks By Reuters

UK looks to remove China’s CGN from nuclear power projects – FT By Reuters

Sorrell’s S4 snaps up Salesforce-partner Destined By Reuters

EU regulator backs AstraZeneca drug for rare blood disorder in children By Reuters

With $4 billion in losses, Heathrow tells UK: open up travel By Reuters

Dollar holds near multi-month highs as Fed meeting in focus By Reuters

Asia stocks sidelined as funds flock to Wall St By Reuters

China crackdown could knock crude oil import growth to 20-year low By Reuters

Cars, pavements washed away as Belgian town hit by worst floods in decades By Reuters

FINSPECTION MANAGEMENT LTD

FINSPECTION PLC LTD

FINACOM MANAGEMENT NV