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11 August
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NortonLifeLock agrees to buy Avast for up to $8.6 billion By Reuters

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By Paul Sandle and Krystal Hu LONDON/NEW YORK (Reuters) -U.S. cybersecurity company NortonLifeLock Inc said on Tuesday it has agreed to buy London-listed rival Avast Plc for up to $8.6 billion in cash and shares to create a leader in consumer security software. The companies, which announced merger talks last month, said the combined group would unite their complementary strengths for more than 500 million cyber safety customers. Vincent Pilette, chief executive of NortonLifeLock, said his company was strong in identity theft protection whereas Avast was strong in privacy. "We both have the vision of...

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11 August
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China court upholds Canadian’s death sentence as Huawei CFO fights extradition By Reuters

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(Corrects year Spavor was charged to 2019 from 'last year' in paragraph 11) By Yew Lun Tian and David Ljunggren BEIJING/OTTAWA (Reuters) - A Chinese court on Tuesday upheld a Canadian man's death sentence for drug smuggling, prompting condemnation from Ottawa, a day before another court is due to rule on the case of a Canadian accused of spying. The court proceedings for the two Canadians come as lawyers in Canada representing the detained chief financial officer of Chinese telecoms giant Huawei make a final push https://www.reuters.com/legal/government/huawei-cfos-us-extradition-case-begins-final-weeks-hearings-canadian-court-2021-08-04 to persuade a court there not to extradite her...

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11 August
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StanChart CEO says companies must act on climate change, can’t bank on governments By Reuters

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HONG KONG (Reuters) - Companies should not rely on governments to reach agreement at a global summit on climate change this year, but rather take more action themselves, Standard Chartered (LON:STAN) CEO Bill Winters said on Tuesday. The United Nations' Climate Change Conference (COP26) is due to take place in Scotland in November, aiming to wring much more ambitious climate action from nations. "Governments have not nailed this problem," Winters said at an online industry event. He added that while he was optimistic going into COP26, "we have to prepare for the eventuality either...

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11 August
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MARKET WRAP: FTSE 100 finishes higher, GBP strong, crude oil rebounds By Investing.com

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Key Points FTSE 100 closing price of 7,161, +0.4% Flutter Entertainment flies as users increase M&G, Abrdn fall after results GBP higher on falling Covid cases, strong spending data Oil rebounds from 3-week low Bitcoin holds gains By Samuel Indyk Investing.com – The FTSE 100 finished higher on Tuesday as travel & leisure stocks continued to perform well amid falling UK Covid cases. Flutter Entertainment (LON:FLTRF) was the best performing stock in the blue-chip index as revenue doubled in the first half of the financial year amid a surge in users. The Paddy Power ...

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11 August
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Greek villagers try to save homes as fire crews brace for winds whipping flames By Reuters

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(Corrects paragraph 10 to say 65,000 hectares burned, not 650,000) By Lefteris Papadimas AVGARIA, Greece (Reuters) -Residents are mounting a round the clock watch to try to save their homes from the wildfires ravaging the Greek island of Evia, determined to stay put despite the authorities urging them to evacuate. The fire brigade was bracing for a pick up in winds from Tuesday afternoon which could cause more flare ups on Greece's second largest island, where fires were burning for an eighth day. Other fronts in the Peloponnese could also be reignited. The government is due...

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10 August
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Exxon Mobil Gains On Report Firm Seeking Buyers For U.S. Shale Assets By Investing.com

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By Dhirendra Tripathi Investing.com – Exxon Mobil stock (NYSE:XOM) rose 2% Tuesday on a report that the company is seeking buyers for its shale gas properties in the U.S. A Reuters report said the oil major is ramping up a long-stalled program that aims to raise billions of dollars to shed unwanted assets and reduce debt taken on last year. The company has been working on reducing its debt, paying off $2.7 billion in the June quarter to bring it to $60.6 billion. Exxon’s XTO Energy shale unit is seeking buyers for...

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10 August
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Intel fails to overturn $2.18 billion patent verdict By Reuters

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(Reuters) - A U.S. judge has rejected Intel Corp (NASDAQ:INTC)'s request to set aside a jury verdict ordering the chipmaker to pay VLSI Technology LLC $2.18 billion for patent infringement. U.S. District Judge Alan Albright in Waco, Texas, denied Intel's motion for a new trial in a sealed order issued late Monday. Jurors had on March 2 awarded VLSI $1.5 billion and $675 million for Intel's respective infringements of two patents that were once owned by Dutch chipmaker NXP Semiconductors NV (NASDAQ:NXPI). Intel did not immediately respond on Tuesday to requests for...

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10 August
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Canada shares higher at close of trade; S&P/TSX Composite up 0.36% By Investing.com

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Investing.com – Canada equities were higher at the close on Tuesday, as gains in the Energy, Consumer Discretionary and Financials sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite added 0.36% to hit a new all time high. The biggest gainers of the session on the S&P/TSX Composite were Nuvei Corp (TSX:NVEI), which rose 14.34% or 14.84 points to trade at 118.35 at the close. Lithium Americas Corp (TSX:LAC) added 11.50% or 2.24 points to end at 21.71 and Denison Mines Corp (TSX:DML) was up 8.46% or...

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10 August
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Senate Passes Boost for Infrastructure in Victory for Biden By Bloomberg

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(Bloomberg) -- The Senate passed a $550 billion infrastructure plan that would represent the biggest burst of spending on U.S. public works in decades and notch a significant victory for President Joe Biden’s economic agenda. The bipartisan 69-30 vote Tuesday was a breakthrough that has eluded Congress and presidents for years, despite both parties calling infrastructure a priority and an issue ripe for compromise. The bipartisan spirit will quickly give way, however, as Senate Majority Leader Chuck Schumer immediately pivoted to a partisan budget resolution that will lead to a $3.5 trillion package of social...

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10 August
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U.S. Senate passes bipartisan $1 trillion infrastructure bill By Reuters

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By Richard Cowan and David Morgan WASHINGTON (Reuters) -The U.S. Senate on Tuesday passed a $1 trillion infrastructure package that is a top priority for U.S. President Joe Biden, a bipartisan victory for the White House that could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. The vote was 69-30 in the 100-seat chamber, with 19 Republicans voting yes. Immediately after that vote concluded, Senators began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes. Polls show that the drive to upgrade America's infrastructure,...

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