EXCLUSIVE G20 snubs COVID patent waiver, waters down pledge on WHO’s funding -draft
Leaders of the world’s largest economies back “voluntary licensing” of COVID-19 vaccine patents, the draft conclusions of a summit show, watering down a U.S. push for waivers and earlier commitments to supply more funds to the World Health Organization.
AT&T set to end media voyage with $43 bln Discovery deal
AT&T (T.N), owner of HBO and Warner Bros studios, and Discovery (DISCA.O), home to lifestyle TV networks such as HGTV and TLC, said they will combine their content to form a standalone global entertainment and media business.
Tokyo doctors call for cancellation of Olympic Games due to COVID-19
A top medical organisation has thrown its weight behind calls to cancel the Tokyo Olympics saying hospitals are already overwhelmed as the country battles a spike in coronavirus infections less than three months from the start of the Games.
Walmart beats estimates for sales on stimulus spending boost, raises profit forecast
Walmart Inc (WMT.N) raised its full-year earnings forecast on Tuesday and beat estimates for same-store sales as it benefited from additional stimulus checks that put more money in consumers’ pockets and boosted demand for apparel and electronics.
Italy’s Berlusconi family sells Mediobanca stake
Former Italian Prime Minister Silvio Berlusconi’s family has sold its 2% stake in Mediobanca (MDBI.MI), in the latest change affecting the shareholder base of Italy’s top investment bank.
EEX market leader in Japan power futures after first year
The European Energy Exchange (EEX) could double the number of participants in its Japanese power futures market from around 20 players in 2021, having traded over 3 terawatt hours (TWh) in its first 12 months, executives said.
Sustainable finance scramble reaches currency derivatives market
A rush by companies to boost their sustainability claims has reached foreign exchange markets in the form of currency hedging products where the cost is tied to a firm’s environmental, social and governance (ESG) goals.
IBM to acquire Salesforce partner Waeg
IBM (IBM.N) said on Tuesday it would buy Waeg, a consulting partner for Salesforce (CRM.N), in a deal that will extend its range of services and support its hybrid cloud and artificial intelligence strategy.
Some big U.S. hedge funds loaded up on SPACS, value stocks during first quarter
A number of well-known U.S. hedge funds bought value stocks and blank-check acquisition companies, selling some winners from the technology-led stock rally as bond yields rose during the first quarter, filings released on Monday showed. Special-purpose acquisition companies, known as SPACs, proved popular among hedge fund managers, with funds such as Third Point and Saschem […]
China’s Baidu posts 25% rise quarterly revenue on ad, cloud boost
China’s Baidu Inc reported a 25% rise in quarterly revenue on Tuesday, powered by advertising on its core search and video-streaming platforms. The Beijing-based company’s aggressive push into cloud services, artificial intelligence, autonomous driving and smart transport technology has helped grow its non-advertising revenue and offset competition to its core search platform from Alibaba and […]
