Chinese regulators suggested Didi delay its U.S IPO – WSJ
China’s cybersecurity watchdog suggested Didi Global Inc (DIDI.N) delay its initial public offering and urged it to review its network security, weeks before the Chinese ride-hailing giant went public, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Coop, other ransomware-hit firms, could take weeks to recover, say experts
Computer systems of several companies across the world, including 800 physical grocery stores of Sweden’s Coop, that were shut down after attacked by REvil ransomware could take weeks to recover, cyber security experts said.
NFT sales volume surges to $2.5 bln in 2021 first half
The market for non-fungible tokens (NFTs) surged to new highs in the second quarter, with $2.5 billion in sales so far this year, up from just $13.7 million in the first half of 2020, marketplace data showed.
Analysis: U.S. states ending jobless benefits early hit labor market milestone in March
WASHINGTON, July 2 (Reuters) – U.S. states halting federal unemployment benefits early had crossed a key threshold in their economic recovery early this spring, with the number of available jobs exceeding the number of unemployed people, new federal data shows. The data, which estimates job openings and turnover at the state level, showed the ratio […]
Explainer: The regulatory and legal headwinds facing Robinhood
WASHINGTON, July 1 (Reuters) – Robinhood Markets Inc, the online brokerage at the center of this year’s retail trading frenzy, disclosed on Thursday previously unreported regulatory risks in its long-awaited initial public offering filing. Amid an increasingly hostile climate in Democrat-led Washington, Robinhood’s growing regulatory attention could be a turn off for some potential investors. […]
EXCLUSIVE New Saudi airline plan takes aim at Emirates, Qatar Airways
Saudi Arabia plans to target international transit passenger traffic with its new national airline, going head-to-head with Emirates and Qatar Airways and revving up regional competition.
COVID Delta variant worries bubble to the surface in some asset prices
Worries over the spread of the Delta coronavirus variant are emerging in various corners of global financial markets, even as U.S. stocks hover near record highs.
Global equity funds see third successive weekly inflows- Lipper
July 2 (Reuters) – Global investors were net buyers of equity funds for a third successive week in the week to June 30. However, a resurgence of coronavirus cases in Asia and concerns over high inflation levels and their impact on monetary policy capped inflows. According to Refinitiv Lipper data, global equity funds received inflows […]
Fed, ECB minutes and all eyes on China inflation
Minutes of the June meetings of the U.S. Fed and the ECB, plus the latest inflation data from China – here’s a rapid tour of next week’s top economic events and themes to be covered by Reuters bureaus.
Test and space: Barcelona telecoms bash lifts ‘hybrid’ trade fair hopes
Its biggest act may have been beamed in on a screen, but a smaller, quieter ‘hybrid’ Mobile World Congress (MWC) has given others hope that in-person events can succeed in a pandemic.
