04 June

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UK says G7 finance ministers’ talks were productive By Reuters

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LONDON (Reuters) - Group of Seven (G7) finance ministers made progress in talks about reforming global corporate tax rules in London on Friday, Britain's finance ministry said. "The group held productive negotiations about reforming the global tax system and tackling the tax challenges that arise in a complex, digital global economy," Britain's Treasury said in a statement. Sunak also urged fellow G7 finance ministers to require large companies to be more transparent about their environmental impact, as well as the need for measures to ensure the long-term sustainability of public finances. ...

04 June

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BoE’s Cunliffe says UK is seeing strong post-COVID bounceback By Reuters

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LONDON (Reuters) - Britain is enjoying a strong economic bounce-back as COVID restrictions lift, though pubs and restaurants are recovering faster than town-centre retail, Bank of England Deputy Governor Jon Cunliffe said on Friday. "What we're seeing is a strong bounce back of activity," Cunliffe told BBC Radio Suffolk after speaking to businesses in that region of eastern England. "People have accumulated a lot of savings, they're going out and they're spending, particularly in those areas we couldn't go out in the last year or so," he added. ...

04 June

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Critics still unhappy as EU clarifies revamped copyright rules By Reuters

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By Foo Yun Chee BRUSSELS (Reuters) -The European Commission on Friday defined the scope of revised copyright rules adopted last year following criticism from governments, including France and Poland, but EU broadcasters and internet activists said there was a danger of censorship. The revamped copyright directive, the first overhaul in two decades, aimed to provide fair compensation for the bloc's $1 trillion creative industry and its 11.7 million employees. A central provision, Article 17, backed by the creative industry, would force Google-owned YouTube, Facebook (NASDAQ:FB)'s Instagram and other sharing platforms to install filters to prevent...

04 June

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Facebook suspends former U.S. President Trump’s account until 2023 By Reuters

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By Elizabeth Culliford (Reuters) -Facebook Inc on Friday suspended former U.S. President Donald Trump from its platform until at least January 2023 and announced changes to how it will treat rule-breaking world leaders in the future. Facebook (NASDAQ:FB)'s independent oversight board in May upheld the social media giant's block on Trump, which was enforced in the wake of the Jan. 6 riot at the U.S. Capitol, because the company said his posts were inciting violence. However, the board ruled it was wrong to make the ban indefinite and gave it six months to determine a...

04 June

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BioNTech Jumps as Shot for Teens Clears First UK Hurdle By Investing.com

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By Dhirendra Tripathi Investing – BioNTech (NASDAQ:BNTX) shares were up more than 6% Friday after its proposal to be allowed to provide COVID-19 vaccines for 12- to 15-year-olds in the UK got past the country’s medicine regulator. The proposal now needs the nod of the UK's Joint Committee on Vaccination and Immunization. It will go to the Health and Social Care department from there. The company had last Friday it secured approval from the European Medicines Agency for use of its COVID-19 vaccine in children of the same age group. Children aged 12-15 years are...

04 June

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Britain says G7 countries in health agreement for clinical trials boost By Reuters

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LONDON (Reuters) - Britain said that the G7 group of advanced economies agreed on Friday to speed up and share results from clinical trials on, for instance, vaccines to better tackle the COVID-19 pandemic and future threats to global health. The G7 Therapeutics and Vaccines Clinical Trials charter sets out shared principles to accelerate the speed with which clinical trials generate evidence to enable timely and decisive action on findings, said Britain's health ministry. "It contains a series of measures to make us all safer by improving clinical trials, quicker and wider access...

04 June

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Ride a Green Swan: central banks grapple with climate risk By Reuters

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By Mark John LONDON (Reuters) - The world's top central bankers agreed on Friday they had a clear role to play in tackling climate change and stepped up calls for banks, companies and others to be required to declare their exposure to the looming crisis. A three-day "Green Swan" conference - its name a twist on the "black swan" theory on major systemic shocks - brought together heads of the world's top central banks, policy-makers, academics and business. Here are some of the main takeaways. GETTING MIGHTY CROWDED All agreed that efforts had accelerated...

04 June

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Protecting the UK is vaccination priority, Hancock says By Reuters

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OXFORD, England (Reuters) -Britain's Health Secretary Matt Hancock said on Friday vaccinating children in the United Kingdom against COVID-19 would take priority over donating vaccine doses to other countries around the world. "My first duty as health secretary for the UK is to make sure that the UK is protected and safe, and whilst thankfully children are very rarely badly affected by COVID themselves, they can still pass on the disease," Hancock said after a meeting of G7 healthcare ministers in Oxford, central England. "Alongside that I'm working with my international colleagues to make sure...

04 June

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Exclusive: JPMorgan resumes political giving, freezes out Republicans who contested 2020 election By Reuters

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By Pete Schroeder WASHINGTON (Reuters) - JPMorgan Chase & Co (NYSE:JPM) will resume making political donations to U.S. lawmakers but will not give to Republican members of Congress who voted to overturn President Joe Biden's election victory, according to an internal memo on Friday seen by Reuters. The bank was among many corporations that paused political giving following the deadly Jan. 6 Capitol riots when supporters of former president Donald Trump tried to stop Congress from certifying the election. Just hours later, 147 Republicans, the vast majority of them in the House of Representatives, voted...

04 June

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Asana Rises On Revising Fiscal Guidance As Quarterly Loss Narrows By Investing.com

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By Dhirendra Tripathi Investing – Asana (NYSE:ASAN) shares jumped Friday after the company raised its revenue guidance for the fiscal year while reporting a narrower quarterly loss. For fiscal year 2022, Asana expects revenue of $336 million to $340 million, representing year over year growth of 48% to 50%. The company had in March guided for revenue of $309 million to $314 million for the ongoing financial year. Asana enables a work management platform for corporates by providing them software to manage their teams on a real-time basis. For the first quarter ended April 30,...

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News

UK says G7 finance ministers’ talks were productive By Reuters

BoE’s Cunliffe says UK is seeing strong post-COVID bounceback By Reuters

Critics still unhappy as EU clarifies revamped copyright rules By Reuters

Facebook suspends former U.S. President Trump’s account until 2023 By Reuters

BioNTech Jumps as Shot for Teens Clears First UK Hurdle By Investing.com

Britain says G7 countries in health agreement for clinical trials boost By Reuters

Ride a Green Swan: central banks grapple with climate risk By Reuters

Protecting the UK is vaccination priority, Hancock says By Reuters

Exclusive: JPMorgan resumes political giving, freezes out Republicans who contested 2020 election By Reuters

Asana Rises On Revising Fiscal Guidance As Quarterly Loss Narrows By Investing.com

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