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Exclusive: Investors expect reprieve on contentious U.S. shareholder voting rights rule
U.S. investors expect the securities regulator to drop a contentious provision in a new rule that would make it tougher for them to push companies on issues such as climate change and social justice, according to three people briefed on the matter.The Securities and Exchange Commission (SEC) next Wednesday is scheduled to finalize the rule, first proposed last November, that would raise the bar for submitting shareholder proposals at companies' annual general meetings.Talks on the rule have gone -
Global stocks mostly rise ahead of Fed rate decision
Positive economic data from Europe prodded the continent's stock markets higher Tuesday, as Wall Street stocks advanced ahead of a Federal Reserve decision on interest rates. -
Kim Kardashian wipes millions off Facebook's value by boycotting Instagram
Millions of dollars were wiped off Facebook's stock within minutes after Kim Kardashian West temporarily renounced her ultra-popular Instagram account. The American reality TV mogul, who is one of the app's biggest stars with 144m followers, said she would freeze her account for one day in protest against Facebook's treatment of "hate, propaganda and misinformation". The company's market value plummeted by roughly $10m (£7.8m) in the half hour following her announcement, though it later re -
Canada drops counter-tariffs threat after US nixes aluminum levy
Canada and the United States on Tuesday narrowly avoided a trade war, after Washington walked back a 10 percent levy on Canadian aluminum imports and Ottawa dropped its threat of counter-tariffs. -
Oracle 'very close' to deal on TikTok: Trump
Silicon Valley tech giant Oracle is "very close" to sealing a deal to become the US partner to Chinese-owned video app TikTok to avert a ban in the United States, President Donald Trump said Tuesday. -
Apple event: New Watch, iPads, fitness classes, and no iPhone 12 – everything unveiled during 'Time Flies' keynote
Apple has unveiled a host of new and updated products, including a revamped range of iPads, Apple Watches and a workout platform.The ‘Time Flies’ event was held at the same time of year that Apple typically announces its latest iPhone, though there was not a single mention of the iPhone 12.Apple had previously mentioned in a call to investors that its flagship device would be delayed by “a few weeks”, but it is still not clear when the launch will take place. -
White House expected to sign off on Oracle deal for TikTok
The White House is expected to approve a deal to allow Chinese social media app TikTok to continue operating in the US on Tuesday. Technology giant Oracle, once considered a dark horse in the race to buy TikTok's US operations, has been chosen to become a "trusted technology partner" and a minority shareholder in a new TikTok company, which will be US-headquartered. Officials still need to sign off on the deal, which has the backing of Mr Trump's son-in-law and senior adviser Jared Kushner. A Wh -
Apple Watch's blood oxygen monitor may detect Covid-19 symptoms
Apple will study if a sensor on its new Apple Watch is capable of monitoring early signs of Covid-19 in a tie-up with medical researchers. The Apple Watch Series 6, which the tech company unveiled on Tuesday, features an oxygen monitor that uses LEDs to measure the light reflected back from blood. Blood oxygen levels are typically used as a measure of fitness and heart health, reflecting how well red blood cells carry oxygen from the lungs to the rest of the body. Apple said it would also invest -
UK financial watchdog admits change needed after ‘too many scams’
FCA seeks input on reforms aimed at helping consumers better understand risks and protections -
Macquarie to table bid for Enel stake in Italy's Open Fiber by Thursday - source
Macquarie is set to submit a binding offer for all or part of the 50% stake held by utility Enelin Italian broadband network operator Open Fiber, a source familiar with the matter said on Tuesday.Macquarie Infrastructure and Real Assets' (MIRA) offer, which is targeting a stake of between 35% and 50%, will be sent to Enel before the utility's board meeting set for Thursday, the source said.Macquarie and Enel declined to comment. -
Kraft Heinz sells several cheese brands to Lactalis for $3.2 bn
French dairy company Lactalis reached a deal to acquire several leading cheese brands from US food giant Kraft Heinz for $3.2 billion, the companies announced Tuesday. -
Apple bundles TV, music, news and more in services push
Apple on Tuesday said it is putting TV, music, news and more in a subscription bundle as it increases its push into services tied to its iPhone "ecosystem." -
Apple event - as it happened: Everything you need to know about new Watch, iPad and Fitness platform
While Apple is describing the event as “from Apple Park”, lockdowns mean that it will only be available online, and the company will be streaming it on its website.Unusually for a recent Apple event, it isn’t exactly clear what the company plans to announce.While a new Apple Watch, new iPads and perhaps other accessories are all but confirmed, the usual star of Apple’s September events – the new iPhone – might not arrive at all. -
Hitachi preparing to pull out of nuclear project in blow to UK climate ambitions
Expected withdrawal from Anglesey scheme will deal fresh blow to power station programme -
Chancellor hints at further measures to prevent UK job losses
Rishi Sunak under pressure as official figures show jump in redundancies -
Apple launches new iPad Air and Apple One subscription
Apple launches new iPad Air and Apple One subscriptionMid-tier iPad Air gets big upgrade in design and performance while firm also improves its cheapest, eighth-generation iPad -
New Apple Watch line-up and fitness subscription service unveiled
The Apple Watch Series 6 will be joined by the 'affordable' Apple Watch SE and exercise class subscription service Fitness+. -
This time the insurance industry lost after reading the small print
This time the insurance industry lost after reading the small print. The FCA won a significant legal victory on insurance payouts to small firms hit by Covid-19 -
US removes 10 percent tariff on Canadian aluminum
The United States said Tuesday it would no longer impose a 10 percent tariff on Canadian aluminum imports, following threats of retaliation from Ottawa. -
Exclusive: Britain has moved to break fisheries deadlock in Brexit trade talks - EU sources
Britain offered tentative concessions on fisheries in trade talks with the European Union last week, two diplomatic sources told Reuters, just as London was publicly threatening to breach the terms of its divorce deal with the bloc.The sources, who did not attend last week's talks between the sides' chief negotiators but were briefed on them by the EU negotiating team, described the offer as a possible bid by London to overcome a key obstacle to a new trade deal from 2021. -
Ocado's market value closes in on Tesco's as online grocer hails M&S switch
Ocado's market value closes in on Tesco's as online grocer hails M&S; switch. Online retailer now worth more than double the combined value of Sainsbury’s and Morrisons -
iPhone 12: Apple makes no mention of upcoming handset at major event, despite expected release date
Apple made no mention of the iPhone 12 at its major September event.Apple made no mention of the phone at all, however, not even indicating when it might be unveiled or making any reference to an upcoming product. -
Cambridge staff 'fobbed off' at meeting over Arm sale to Nvidia, says union
Cambridge staff 'fobbed off' at meeting over Arm sale to Nvidia, says union. UK government urged to intervene in SoftBank’s $40bn deal with US tech firm -
Apple Watch Series 6 and cheaper Watch SE launched
Apple Watch Series 6 and cheaper Watch SE launchedTop Apple smartwatch has new blood oxygen sensor while new SE has main features at reduced price -
From cafes to dentists, relief at British coronavirus insurance ruling
Murray Pulman says he is as tough as they come, but battles with his insurer have left him close to tears after a coronavirus lockdown forced his family-run cafe The Posh Partridge to close.Pulman was counting himself as one of the lucky ones on Tuesday, however, after a judgment in a London test case against eight insurance firms, including his insurer QBE , held up the promise of a payout on his business interruption policy.QBE did not immediately respond to a request for comment. -
Apple launches new iPad line-up, including redesigned Air
Apple has launched a new line-up of iPads, including a redesigned version of the Air.It borrows from the look of the newer iPad Pro, which have square sides and no home button on the front.The Touch ID fingerprint sensor that was in that home button has been moved into the power button, Apple said. -
New ‘solar cycle’ has begun, Nasa says
The sun has entered a new “solar cycle”, Nasa has said.Officially named “Solar Cycle 25”, it signals that there will be an increase in space weather that could have effects for technology on Earth as well as astronauts in space.The finding will be key to ensuring that the world is ready to deal with the various problems and complications that can come as a result of that change in space weather, experts said. -
Apple One: Company bundles news, TV, iCloud and new fitness classes as part of subscription plan
Apple has launched “Apple One”, a subscription plan that bundles together its various services.Users will be able to stick together its variety of different content offerings into one subscription, at a slightly cheaper rate.The subscription begins with an “individual” membership. -
Apple launches workout classes as part of Fitness+ for Watch
Apple has launched Fitness+, new workout classes meant to be used with the Apple Watch.The classes will be used on the iPhone that is linked to the Watch, by allowing people to complete studio workouts led by Apple’s own instructors.It is just the latest content offering from Apple. -
Klarna becomes fourth largest private fintech firm in the world
Klarna becomes fourth largest private fintech firm in the world. New $650m investment means the Swedish ‘buy now pay later’ company is valued at $10.6bn -
Apple Watch Series 6: New wearable announced, with updated colours and blood oxygen sensors
The Apple Watch Series 6 has been revealed, with a host of new features.The new Apple Watch also has a pulse oximeter, which can measure the amount of oxygen pumping around the body.As well as adding the new sensor, Apple will collaborate with health researchers to launch new studies, including one that will aim to understand whether blood oxygen measurements can be used to fight the coronavirus crisis. -
Sunak says Brexit treaty breach bill is insurance policy
Finance minister Rishi Sunak said Britain wants to strike a trade deal with the European Union but it is a tough negotiation and it is responsible to have a bill that breaches the Brexit treaty as an insurance policy.Prime Minister Boris Johnson has published a bill that he says is needed to counter "absurd" threats from Brussels as part of the trade talks.The EU has said the bill could collapse trade talks. -
Weaning Britain’s economy off furlough
The scheme worked well, but new approaches are needed for the next phase -
Bank exec says US consumers not adding debt despite recession
US consumers remain in a better position than in a typical recession, but the economy still faces "enormous uncertainty" because of the coronavirus, a JPMorgan Chase executive said Tuesday. -
Hitachi to abandon £20bn UK nuclear project
Plans for a £20bn nuclear power station at Wyfla in Wales are likely to be scrapped with Hitachi, the Japanese giant bankrolling the programme, set to pull out. At the start of the year Hitachi put the programme on ice because of worries about spiralling costs and the company failing to strike a deal over its funding with the UK Government. The Isle of Anglesey Council, which covers the area where the two-reactor plant was due to be built, is understood to have received written confirmatio -
Fed begins meeting as Congress pushes for new US stimulus
The Federal Reserve's rate-setting committee began meeting on Tuesday, a central bank spokeswoman said, while a top lawmaker signaled a new push to get stimulus for the battered US economy through Congress. -
Virus cost global tourism $460 billion in January-June: UN
The coronavirus crisis cost the global tourism sector $460 billion in lost revenue during the first six months of 2020 as the number of people travelling plunged, the UN said Tuesday. -
The future of mobile phones is foldable, Samsung says
Samsung’s Corporate Vice President, UK and Ireland, Conor Pierce, talks exclusively to the Independent on the eve of the company’s latest folding phone going on sale -
Rishi Sunak: New ways to protect jobs 'my priority'
via bbc.co.ukChancellor Rishi Sunak says he is looking for "creative" solutions as unemployment hits a two-year high. -
US China tariffs 'inconsistent' with trade rules says WTO
via bbc.co.ukThe US did not justify its decision to raise border taxes on Chinese goods, the World Trade Organization says. -
Lufthansa could cut more planes and jobs than planned - sources
German airline Lufthansacould cut its fleet by 130 planes in response to the coronavirus crisis, two people familiar with the matter said.Lufthansa Chief Executive Carsten Spohr informed staff on Monday that the airline's management would make a decision about the move in the coming week, the people told Reuters.The number of workers at Lufthansa, which stood at around 140,000 before the coronavirus crisis hit the airline sector, is likely to have to be reduced by a fifth, the sources said. -
Why Covid insurance ruling may mean more pain for small firms
The High Court’s decision in the closely watched Covid insurance test case could be the difference between going bust and surviving into next year for small businesses struggling to survive the lockdown and subsequent economic turmoil. Murray Pulman and his daughter Emily were among the 370,000 business owners hoping the court would help them win a payout and keep trading into 2021. The pair run the Posh Partridge Café in Dorchester, Dorset. They were denied a payout by their insure -
PS5 could be in short supply after release date, as Sony reduces number of consoles being made
The console is expected to launch close to the Xbox Series X and S, which will be coming in November -
WTO 'completely inadequate' on China trade violations: US
The US responded defiantly on Tuesday to a World Trade Organization report criticizing President Donald Trump's tariffs on China, blasting the organization as "completely inadequate" in holding Beijing accountable. -
Coronavirus: UK chancellor says 'job done' on furlough despite rising unemployment
Rishi Sunak said the furlough scheme had 'done what it was designed to,' despite firms and experts joining Labour in warning of a deepening jobs crisis. -
Bayer settles thousands of U.S. Roundup cases with trial attorneys
In letters filed with U.S. District Court in San Francisco late on Monday, three lawyers said they had reached binding settlements of their cases.Bayer has estimated it faces 125,000 filed and unfiled claims over Roundup.Bayer did not immediately respond to a request for comment. -
Energy bills could increase to cover coronavirus defaults
Energy bills could increase to cover coronavirus defaults. Regulator considers raising cap to use paying customers to subsidise others -
JPMorgan cuts outlook for net interest income on lower rates
JPMorgan Chase & Coexpects about $55 billion (£43 billion) in net interest income for full-year 2020, down from an earlier estimate of $56 billion, Chief Financial Officer Jennifer Piepszak said on Tuesday.Piepszak, at a virtual conference hosted by Barclays, also said the current trend points to 2021 net interest income of about $13 billion per quarter.JPMorgan's third-quarter trading revenue will be up about 20% from a year earlier, Piepszak said. -
Canadian cable car severed for second time, sabotage suspected
via ibtimes.co.ukThe gondola operator said there were no guests nor as staff on board the cars when the line snapped. -
The events firm celebrating landmark Covid insurance ruling
The events firm celebrating landmark Covid insurance rulingBoss of Circa Group says high court ruling will save her business* Small firms win victory in Covid insurance test case
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