16 April

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Google misled consumers over data collection – Australian watchdog By Reuters

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By Swati Pandey SYDNEY (Reuters) - Australia's federal court found Alphabet (NASDAQ:GOOGL) Inc's Google misled some consumers about personal location data collected through Android mobile devices, the country's competition regulator said on Friday. The Australian Competition and Consumer Commission (ACCC) said it is seeking declarations and penalties from Google, though it did not specify an amount. "This is an important victory for consumers, especially anyone concerned about their privacy online, as the Court’s decision sends a strong message to Google and others that big businesses must not mislead their customers,” ACCC Chair Rod Sims said in...

16 April

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Tui boss “optimistic” about summer holiday season By Investing.com

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By Samuel Indyk Investing.com – The CEO of Tui has said he is optimistic that the UK travel season can be saved as successful vaccination programmes will allow international travel to resume this summer. “We are optimistic about the summer,” Tui (LON:TUIT) CEO Friedrich Joussen said in an interview with the BBC. The company said it expects to operate up to 75% of its normal schedule for the summer season. Pandemic impact The Travel & Leisure sector has suffered more than any since the onset of the coronavirus pandemic at the beginning of last year, and...

16 April

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FTSE 100 breaks above 7,000 level for first time since pandemic-led crash By Reuters

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(Reuters) - London's FTSE 100 rose above the 7,000-mark on Friday for the first time since the pandemic pummelled financial markets last year, as speedy vaccine rollouts and government policy support lifted investor sentiment about a stronger economic re-opening. The blue-chip index climbed 0.3% to 7,005.68, with heavyweight banking, energy, mining stocks that stands to benefit from an economic recovery gaining between 0.3% and 1.1%. Globally, sentiment was also bolstered after a batch of Chinese and U.S. economic data helped investors price in a solid recovery from the coronavirus-led slump. [MKTS/GLOB] The domestically focussed mid-cap FTSE...

16 April

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L’Oreal shares fall, performance at consumer products arm underwhelm some analysts By Reuters

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PARIS (Reuters) - Shares in French cosmetics group L'Oreal fell on Friday, as some analysts expressed disappointment at figures from the company's consumer products division,, despite overall strong group results. L'Oreal shares were down by 1.5% in early session trading, the worst performing stock on Paris' SBF-120 index. L'Oreal said sales reached 7.6 billion euros ($9.10 billion)in the three months to March, up 10.2% on a like-for-like basis stripping out the effects of acquisitions and currency moves. L'Oreal's consumer products division, which also sells brands including Maybelline, lagged other units, due to its high exposure to...

16 April

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Hyundai Motor Group names new chief for mobility division By Reuters

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SEOUL (Reuters) - Hyundai Motor Group said on Friday it has formed a new mobility division to launch more service models and named an outsider as its chief following his tenure with global tech giants such as Apple Inc (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT). Song Chang-hyeon will lead the newly established Transportation-as-a-Service (TaaS) division, which will oversee mobility business for Hyundai Motor Co and Kia Corp, the parent company said in a statement. Besides working as an engineer with Apple and Microsoft, Song was the chief technology officer at South Korea's dominant web portal Naver, and...

16 April

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Global equity funds attract biggest inflow in three weeks – Lipper By Reuters

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(Reuters) - Global equity funds lured massive inflows in the week ended April 14, on optimism over a strong second quarter earnings, and a decline in U.S. yields due to tempered expectations about a rise in inflation levels. Investments in global equity funds rose to $16.4 billion this week, the biggest in three weeks, while bond funds also had inflows of about $16 billion, according to Refinitiv Lipper. Graphic: Global fund flows - https://fingfx.thomsonreuters.com/gfx/mkt/xklpyynlypg/global%20fund%20flows1.jpg On the other hand, investors ditched safer money market funds, which faced outflows of $50 billion, the biggest since mid-December last...

16 April

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Oil climbs to four-week high on strong China data, demand revival By Reuters

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By Sonali Paul and Roslan Khasawneh SINGAPORE (Reuters) -Oil prices extended gains on Friday and were on course for a weekly gain of about 7% with an improved oil demand outlook and strong economic recoveries in China and the United States offsetting concerns about spikes in COVID-19 infections. Brent crude futures rose 30 cents, or 0.5%, to $67.24 a barrel at 0551 GMT, following a 36 cent rise on Thursday. U.S. West Texas Intermediate (WTI) crude futures were 28 cents, or 0.4%, higher to $63.74 a barrel, after climbing 31 cents on Thursday. China's 2021 net...

16 April

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South Korea’s Moon replaces PM, cabinet ministers after election defeat By Reuters

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By Hyonhee Shin SEOUL (Reuters) - In a sweeping reshuffle, South Korean President Moon Jae-in on Friday replaced the prime minister and six other cabinet members in a bid to revive his party, after devastating local election defeats, and his policy agenda. Moon named Kim Boo-kyum, a former interior minister and four-term lawmaker, to succeed Chung Sye-kyun as prime minister, while nominated new ministers of land, industry, fisheries, labour, and science and technology. All six candidates are subject to parliamentary confirmation hearings, although lawmakers don't have the power to block the appointment if the president...

16 April

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Biden to welcome Japan’s Suga as first guest and key ally in China strategy By Reuters

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By Trevor Hunnicutt and David Brunnstrom WASHINGTON (Reuters) - President Joe Biden welcomes Japanese Prime Minister Yoshihide Suga on Friday as the first foreign leader to visit his White House, underscoring Tokyo's central role in the U.S. strategy to counter the challenge of China's growing assertiveness. The one-day summit is expected to yield steps diversifying supply chains seen as over-reliant on China and a $2 billion commitment from Japan to work with the United States on alternatives to the 5G network of Chinese firm Huawei, a senior U.S. official said. Biden and Suga are also expected...

16 April

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Multiple victims reported after shooting at FedEx site in Indianapolis – WRTV, citing police By Reuters

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(Reuters) - Multiple victims have been reported after shots were fired at a FedEx (NYSE:FDX) facility in Indianapolis on Thursday, an incident which the police is calling a "mass casualty," an ABC-affiliated television station said. The incident was reported at the FedEx facility at Mirabel Road in Indianapolis, WRTV said. (https:// Marion County Sheriff's office confirmed the shooting at the FedEx facility. However, the office did not give more details. Calls to the Indianapolis Metropolitan Police Department went unanswered. FedEx did not immediately respond to an emailed request for comment. ...

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News

Google misled consumers over data collection – Australian watchdog By Reuters

Tui boss “optimistic” about summer holiday season By Investing.com

FTSE 100 breaks above 7,000 level for first time since pandemic-led crash By Reuters

L’Oreal shares fall, performance at consumer products arm underwhelm some analysts By Reuters

Hyundai Motor Group names new chief for mobility division By Reuters

Global equity funds attract biggest inflow in three weeks – Lipper By Reuters

Oil climbs to four-week high on strong China data, demand revival By Reuters

South Korea’s Moon replaces PM, cabinet ministers after election defeat By Reuters

Biden to welcome Japan’s Suga as first guest and key ally in China strategy By Reuters

Multiple victims reported after shooting at FedEx site in Indianapolis – WRTV, citing police By Reuters

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