22 May

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Zara owner Inditex to close all stores in Venezuela, local partner says By Reuters

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NEW YORK (Reuters) - Inditex (MC:ITX), owner of brands including Zara, Bershka and Pull & Bear, will close all its stores in Venezuela in coming weeks as a deal between the retailer and its local partner Phoenix World Trade has come under review, a spokesperson for Phoenix World Trade said. Phoenix World Trade, a company based in Panama and controlled by Venezuelan businessman Camilo Ibrahim, took over operation of Inditex stores in the South American country in 2007. "Phoenix World Trade is re-evaluating the commercial presence of its franchised brands Zara, Bershka and Pull&Bear...

22 May

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German cyber security chief fears hackers could target hospitals By Reuters

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BERLIN (Reuters) - German hospitals may be at increased risk from hackers, the head of the country's cyber security agency said on Saturday, following two high-profile digital attacks this month on the Irish health service and a U.S. fuel pipeline. Ireland's health service operator shut down its IT systems last Friday to protect them from a "significant" ransomware attack, crippling diagnostic services, disrupting COVID-19 testing and forcing the cancellation of many appointments. German clinics have been targeted by a series of cyber attacks over the last five years, and Arne Schoenbohm, president of the BSI federal...

22 May

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Campaign group Animal Rebellion blockades McDonald’s centres in UK By Reuters

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LONDON (Reuters) -Campaign group Animal Rebellion said activists were blockading distribution centres of restaurant chain McDonald's in Britain on Saturday to demand a transition to plant-based foods. Around 50 protesters were using trucks and bamboo structures to stop lorries from leaving McDonald's four distribution centres in the United Kingdom, the group said in a statement. The activists intended to stay in place for at least 24 hours in an attempt to disrupt the McDonald’s (NYSE:MCD) supply chain, it said. "The meat and dairy industry is destroying our planet: causing huge amounts of rainforest deforestation, emitting immense...

22 May

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‘Son-chan’ invites veteran stock picker to SoftBank board By Reuters

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By Sam Nussey TOKYO (Reuters) - The nomination of Koei Tecmo chair Keiko Erikawa to SoftBank Group's board adds a veteran games industry executive known for her stock-picking skill, bringing an authoritative voice after the loss of senior industry figures. Erikawa, 72, who with CEO husband Yoichi is the executive team behind the "Romance of the Three Kingdoms" series, has had a long relationship SoftBank CEO Masayoshi Son, referring to him as "Son-chan" in a 2016 inteview, using a suffix showing affection. "Erikawa is not the sort of person who would hesitate to express her...

22 May

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Snap to buy augmented reality company WaveOptics for over $500 million By Reuters

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By Sheila Dang (Reuters) - Snap Inc (NYSE:SNAP) said Friday it will acquire WaveOptics Ltd, a British augmented reality (AR) technology company, for over $500 million. The deal, first reported by The Verge and confirmed by a Snap spokesman, will help the owner of photo messaging app Snapchat push its way into a future where AR eyewear could be ubiquitous. Snap, along with other tech giants like Facebook Inc (NASDAQ:FB) and Apple Inc (NASDAQ:AAPL), are racing to build AR devices as the next technological frontier after the smartphone. The vision...

22 May

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Biden, South Korea’s Moon express willingness to engage North By Reuters

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By Jarrett Renshaw and David Brunnstrom WASHINGTON (Reuters) -U.S. President Joe Biden and South Korean President Moon Jae-in on Friday expressed a desire to engage North Korea in diplomacy in trying to reduce tensions over Pyongyang's nuclear weapons and ballistic missile programs. At a joint news conference with Moon, Biden said he was willing to meet North Korean leader Kim Jong Un if Kim agreed to talk about Pyongyang's nuclear weapons program. "We both are deeply concerned about the situation," Biden said. North Korea thus far has rebuffed U.S. entreaties for diplomacy since Biden took...

22 May

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UK stocks flat as miners stymie strong retail sales, business activity data By Reuters

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By Shivani Kumaresan (Reuters) -London's FTSE 100 was flat on Friday, posting a weekly loss, as weakness in mining stocks countered a bigger-than-expected jump in retail sales and business activity. The blue-chip index was flat, with miners Anglo American (LON:AAL) Plc, Glencore (LON:GLEN) Plc, and Rio Tinto (LON:RIO) falling between 0.3% and 0.5%. [METL] Oil majors BP (LON:BP) and Royal Dutch Shell (LON:RDSa) were the biggest boosts to the index. Retail sales surged by 9.2% in April, when non-essential shops reopened after months of closure due...

22 May

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Irish data regulator resumes Facebook data transfer probe By Reuters

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DUBLIN (Reuters) - Ireland's data regulator has given Facebook (NASDAQ:FB) six weeks to respond to an investigation that may trigger a ban on the social media giant's transatlantic data transfers following a High Court ruling that the probe could resume. The case stems from European Union concerns that U.S. government surveillance may not respect the privacy rights of EU citizens when their personal data is sent to the United States for commercial use. Ireland's Data Protection Commissioner (DPC), Facebook's lead regulator in the EU, launched the inquiry last August and issued a provisional order that the...

22 May

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Millions of AstraZeneca doses head to Mexico under Latin America plan By Reuters

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By Frank Jack Daniel MEXICO CITY (Reuters) -Mexico will receive some 4 million AstraZeneca (NASDAQ:AZN) COVID-19 vaccine shots by the end of next week, a senior Mexican official said on Friday, shipments that could help Latin America fight the virus more quickly. An air cargo of around 1.3 million doses that arrived in Mexico from the United States on Thursday night was the first of the shipments, the official said. However, the vaccines originated in Argentina, which produced the active ingredient, the official and another government source said. That material was flown to the United...

22 May

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Airbus to boost A220 jet’s range, newest operator says By Reuters

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PARIS/WASHINGTON (Reuters) - Airbus will go ahead with plans to increase the range of its smallest jet, the A220, its newest operator said, allowing airlines to open more niche routes internationally. Airline entrepreneur David Neeleman said last month he was discussing adding extra endurance to the jetliner with Airbus, which took over the Canadian-designed programme in 2018. Speaking to Reuters on Friday as he launched his latest venture, U.S. startup Breeze Airways, Neeleman said a decision to offer the longer-range jet was now a given. "It is under way, so we are ...

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News

Zara owner Inditex to close all stores in Venezuela, local partner says By Reuters

German cyber security chief fears hackers could target hospitals By Reuters

Campaign group Animal Rebellion blockades McDonald’s centres in UK By Reuters

‘Son-chan’ invites veteran stock picker to SoftBank board By Reuters

Snap to buy augmented reality company WaveOptics for over $500 million By Reuters

Biden, South Korea’s Moon express willingness to engage North By Reuters

UK stocks flat as miners stymie strong retail sales, business activity data By Reuters

Irish data regulator resumes Facebook data transfer probe By Reuters

Millions of AstraZeneca doses head to Mexico under Latin America plan By Reuters

Airbus to boost A220 jet’s range, newest operator says By Reuters

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