27 June

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Financial watchdog orders crypto exchange Binance to stop regulated activities in UK By Reuters

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(Reuters) - Britain's Financial Conduct Authority (FCA) ordered cryptocurrency exchange Binance to stop undertaking any regulated activity in the country, saying the firm lacked authorization. The exchange would not be allowed to undertake any regulated activities without the prior written consent of the FCA, the watchdog said in a statement https://www.fca.org.uk/news/news-stories/consumer-warning-binance-markets-limited-and-binance-group dated Saturday. "No other entity in the Binance Group holds any form of UK authorisation, registration or licence to conduct regulated activity in the UK," the FCA statement said. Britain's move comes at a time when Binance, one of the world's largest cryptocurrency exchanges, is...

27 June

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Airbus offers to assemble Eurofighter in Switzerland to win $6.5 billion deal -report By Reuters

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ZURICH (Reuters) - Airbus has offered to assemble Eurofighter aircraft in Switzerland if Bern picks it for a 6 billion Swiss franc ($6.5 billion) defence contract, a top salesman at the consortium told a Swiss Sunday newspaper. Germany, Italy, Spain and Britain, who make the Eurofighter, have also offered Bern sweeping political cooperation should it win the Swiss contest between two U.S. and two European fighter jets, which are to be delivered by 2025. The Swiss cabinet is set to decide on Wednesday among the Eurofighter, the Rafale from France's Dassault, Boeing (NYSE:BA)'s F/A-18 Super...

26 June

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UK health minister quits after breaking rules with affair By Reuters

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LONDON (Reuters) - Britain's health minister Matt Hancock has resigned after he admitted breaking COVID-19 guidance by kissing and embracing an aide in his office. Downing Street published Hancock's resignation letter to Prime Minister Boris Johnson. ...

26 June

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Germany to ramp up vaccinations in race with Delta variant By Reuters

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BERLIN (Reuters) - Germany will soon have so many doses of COVID-19 vaccine on hand that it will be able offer shots to passers-by in city centres or at places of worship as it seeks to vaccinate at least 80% of the population, health officials said on Saturday. While demand is still outstripping supply in many doctors' practices, this will switch to a surplus in the next few weeks, Health Minister Jens Spahn said, adding the country needed to press on fast with vaccinations to prevent the Delta variant from taking hold. The government...

26 June

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Tesla ‘recalls’ vehicles in China for online software update By Reuters

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BEIJING (Reuters) - Chinese regulators said on Saturday Tesla Inc would 'recall' nearly 300,000 China-made and imported Model 3 and Model Y cars for an online software update related to assisted driving, with owners not required to return their vehicles. The State Administration for Market Regulation said on its website that the move is linked to an assisted driving function in the electric cars, which can currently be activated by drivers accidentally, causing sudden acceleration. The remote online software 'recall' - a first for Tesla cars built in China - covers 249,855 China-made Model 3...

26 June

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Microsoft says new breach discovered in probe of suspected SolarWinds hackers By Reuters

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By Joseph Menn SAN FRANCISCO (Reuters) - Microsoft (NASDAQ:MSFT) said on Friday an attacker had won access to one of its customer-service agents and then used information from that to launch hacking attempts against customers. The company said it had found the compromise during its response to hacks by a team it identifies as responsible for earlier major breaches at SolarWinds and Microsoft. Microsoft said it had warned the affected customers. A copy of one warning seen by Reuters said that the attacker belonged to the group Microsoft calls Nobelium and that it had access...

26 June

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Fed’s Rosengren Says 2022 Rate Hike in Play as Job Market Heals By Bloomberg

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(Bloomberg) -- The Federal Reserve might consider an interest-rate hike from near zero as soon as late 2022 as the labor market reaches full employment and inflation is at the central bank’s goal, Federal Reserve Bank of Boston President Eric Rosengren said.“The criteria is that we have a sustainable inflation rate, that’s 2% or above, and that we’re at full employment,” Rosengren said in a broadcast interview with Yahoo Finance. “I do expect that it’s quite possible that we will see that by the end of next year, but it does depend on whether the economy...

26 June

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Exclusive-Toyota-backed self-driving startup Pony.ai considers going public By Reuters

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FREMONT, California (Reuters) - Self-driving tech company Pony.ai, backed by Toyota Motor Corp, is considering going public in the United States to help fund its goal of commercializing driverless ride-hailing services, its chief executive told Reuters. The startup, active in the United States and China, plans to install its technology in hundreds of vehicles next year, rising to tens of thousands in 2024-2025, he said. Self-driving startups such as Alphabet (NASDAQ:GOOGL) Inc's Waymo and General Motors Co (NYSE:GM)'s Cruise have been racing to raise capital as the industry prepares to scale up operations. Still, beyond...

26 June

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Doximity Drops After Soaring IPO By Investing.com

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By Christiana SciaudoneInvesting.com -- Medical social networking site Doximity Inc (NYSE:DOCS) is down 7% after going public on Thursday. Shares more than doubled in its debut after raising about $500 million. The company has 1.8 million medical professionals in the U.S., including more than 80% of physicians. It allows pharmaceutical companies to promote drugs and treatment on the site, as well as permitting medical recruiters to find recruits, CNBC reported. Sales rose 78% to $206.9 million for the year through March from the previous period, Doximity said in its prospectus. The already...

26 June

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Credit Suisse Gains On Report Bank May Seek Merger With UBS By Investing.com

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By Dhirendra Tripathi Investing.com – Credit Suisse (NYSE:CS) was up more than 1% during Friday’s trading on a Reuters report that said the embattled bank may seek a merger with its larger Swiss rival UBS (NYSE:UBS). Credit Suisse's top management are under pressure to come up with an overhaul plan for the scandal-hit bank that could include a potential merger with rival UBS, Reuters said. The bank's executives fear the flagship Swiss lender, left vulnerable by scandals, could be challenged by investors demanding its break-up, or that its shrinking stock-market value makes it a target for...

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Financial watchdog orders crypto exchange Binance to stop regulated activities in UK By Reuters

Airbus offers to assemble Eurofighter in Switzerland to win $6.5 billion deal -report By Reuters

UK health minister quits after breaking rules with affair By Reuters

Germany to ramp up vaccinations in race with Delta variant By Reuters

Tesla ‘recalls’ vehicles in China for online software update By Reuters

Microsoft says new breach discovered in probe of suspected SolarWinds hackers By Reuters

Fed’s Rosengren Says 2022 Rate Hike in Play as Job Market Heals By Bloomberg

Exclusive-Toyota-backed self-driving startup Pony.ai considers going public By Reuters

Doximity Drops After Soaring IPO By Investing.com

Credit Suisse Gains On Report Bank May Seek Merger With UBS By Investing.com

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