01 June

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Silicon Catalyst targets British innovation with UK launch By Reuters

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LONDON (Reuters) - Silicon Catalyst, an incubator of startup companies, has chosen Britain as the site of its first European operation, saying it hoped to capitalise on the UK's record of innovation. SiliconCatalyst.UK will help semiconductor hardware start-ups accelerate ideas through prototype and production stages by providing advice, support, and access to strategic partners and investors, the company said, replicating a model it has deployed in Silicon Valley since 2015. Britain has a growing number of silicon startups that are looking to emulate the success of ARM, the Cambridge-based company whose processor designs power nearly all...

01 June

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Exclusive – EU to blacklist Belarus airline ahead of economic sanctions, diplomats say By Reuters

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By Robin Emmott BRUSSELS (Reuters) - The European Union is preparing sanctions on Belarus' national airline and around a dozen top Belarusian aviation officials, three diplomats said, a stop-gap measure before economic sanctions following the forced landing of a passenger plane. The proposed asset freezes and travel bans are part of a package of new sanctions on Belarus from EU states, which are outraged that a Ryanair flight was pressed to land in Minsk on May 23 to arrest a dissident journalist and his girlfriend. EU governments, which described the incident as state piracy, say...

01 June

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Cyber attack hits JBS meat works in Australia, North America By Reuters

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MELBOURNE (Reuters) - Australian and North American units of the world's largest meat works were hit over the weekend by an organised cyber attack on its information systems, Brazil's JBS SA said in a statement. The attack caused its Australian operations to shut down on Monday. The company said it was working to resolve the incident. "On Sunday, May 30, JBS USA determined that it was the target of an organised cybersecurity attack, affecting some of the servers supporting its North American and Australian IT systems," it said in a statement released Monday afternoon, U.S. time....

01 June

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J&J Slips After U.S. Supreme Court Declines Review $2B Order By Investing.com

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By Dhirendra Tripathi Investing – Shares of Johnson & Johnson (NYSE:JNJ) fell more than 1.5% Tuesday after the U.S. Supreme Court declined to hear the company’s plea against a lower court’s $2.12 billion order in a case involving its baby powder. J&J argued that this litigation could influence the outcome in more than 19,000 other cases that it faces. The justices turned away a J&J appeal and left in place a Missouri state court ruling in a lawsuit brought by 22 women who blamed their ovarian cancer on asbestos in the company's baby powder and...

01 June

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Coinbase Up After Google, Apple Debit Card Agreement By Investing.com

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By Christiana Sciaudone Investing.com -- Coinbase rose more than 2% after the company announced its card can be used with Apple (NASDAQ:AAPL) Pay and Google (NASDAQ:GOOGL) Pay. Starting this week, select customers will be invited off of a waitlist to get a Coinbase debit card, earning up to 4% back in crypto rewards. It's a welcome bump for the cryptocurrency exchange platform, which is down about 25% since going public in April. The company slipped alongside bitcoin, which dropped more than 40% in that time. According to Coinbase, mobile phone payments rose 29% in 2020. ...

01 June

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COVID variant fears and profit taking knock sterling from 3-year high By Reuters

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By Joice Alves LONDON (Reuters) -The pound edged lower on Tuesday after touching a fresh three-year high versus the dollar as investors took some profit off the table and turned more cautious amid fears around the spread of COVID variants in Britain. Sterling hit its highest level since April 2018 of $1.4250 during the Asian session against the dollar, with analysts attributing it to positive global investor sentiment towards the UK economic recovery. Well into the London session after a long weekend, sterling reversed its course to edge 0.2% lower at $1.4182 versus the...

01 June

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Unipol’s move opens new chapter in Italian banking M&A saga By Reuters

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By Valentina Za, Andrea Mandala and Giuseppe Fonte MILAN (Reuters) - A small investment by Italian financial group Unipol in a local bank could put an end to the waiting game in Italian bank consolidation, aiding Rome's efforts to finally cut its stake in ailing Monte dei Paschi (MPS). Successive Italian governments have pushed healthier banks to take on struggling rivals to reduce the number of weak lenders in the country. But Italy has reached an impasse in trying to find a buyer for MPS, which it bailed out in 2017. Bankers say Unipol's surprise...

01 June

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Credit Suisse top financial institutions banker in Europe to join Jefferies – source By Reuters

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LONDON (Reuters) - Credit Suisse (SIX:CSGN) has lost one of its key dealmakers in Europe as a talent exodus which started in the United States spreads to Europe, two sources familiar with the move told Reuters. Armando Rubio-Alvarez, who heads the Swiss bank's financial institutions (FIG) franchise in Europe, the Middle East and Africa, is moving to Jefferies where he will take on European responsibilities leading the coverage of some of the region's biggest financial clients, the sources said. His appointment - which will be effective after the summer - follows the departure...

01 June

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No change to India’s two-dose schedule for AstraZeneca vaccine – govt adviser By Reuters

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NEW DELHI (Reuters) - India will stick to its schedule of giving two doses of AstraZeneca (NASDAQ:AZN)'s vaccine, a senior government adviser said on Tuesday. "India's Covishield schedule is of two doses...

01 June

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London transport operator in third emergency financing deal since COVID By Reuters

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LONDON (Reuters) -London's transport operator will receive a funding deal worth 1.1 billion pounds ($1.53 billion) from the government, the third emergency support package since the pandemic hit as it scrambles to find more savings amid a drop in income. Ridership is at nearly 60 percent of pre-pandemic levels, according to Transport for London which will need to make savings, raise income from new sources and review its pensions scheme as part of the agreement. Tuesday's announcement follows emergency support agreed with Prime Minister Boris Johnson's administration in April and October last year, taking...

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Silicon Catalyst targets British innovation with UK launch By Reuters

Exclusive – EU to blacklist Belarus airline ahead of economic sanctions, diplomats say By Reuters

Cyber attack hits JBS meat works in Australia, North America By Reuters

J&J Slips After U.S. Supreme Court Declines Review $2B Order By Investing.com

Coinbase Up After Google, Apple Debit Card Agreement By Investing.com

COVID variant fears and profit taking knock sterling from 3-year high By Reuters

Unipol’s move opens new chapter in Italian banking M&A saga By Reuters

Credit Suisse top financial institutions banker in Europe to join Jefferies – source By Reuters

No change to India’s two-dose schedule for AstraZeneca vaccine – govt adviser By Reuters

London transport operator in third emergency financing deal since COVID By Reuters

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