JERUSALEM (Reuters) – Israel’s CardiacSense said on Sunday it signed a $32.4 million deal to sell medical watches in India, bringing its total backlog of orders to over $60 million. The company said the agreement is for 150,000 watches – which can monitor vital signs like temperature, blood pressure and blood oxygen saturation – to […]
Facebook’s Zuckerberg promises a review of content policies after backlash
(Reuters) – Facebook (FB.O) CEO Mark Zuckerberg on Friday said he would consider changes to the policy that led the company to leave up controversial posts by President Donald Trump during recent demonstrations protesting the death of an unarmed black man while in police custody, a partial concession to critics. Zuckerberg did not promise specific […]
Indian travel firm Yatra scraps merger deal with U.S.-based Ebix
(Reuters) – India’s Yatra Online Inc said on Friday it was terminating a pending merger agreement with U.S. software firm Ebix Inc (EBIX.O), and had filed a litigation seeking “substantial” damages for Ebix’s alleged breach of deal terms. Ebix had agreed here to buy Yatra in 2019 for an enterprise value of $337.8 million, aiming […]
Abu Dhabi’s Mubadala to invest $1.2 billion in Reliance’s Jio Platforms
(Reuters) – Indian oil-to-telecoms conglomerate Reliance Industries Ltd (RELI.NS) said on Friday that Abu Dhabi state fund Mubadala Investment Co will buy a 1.85% stake in its digital unit, Jio Platforms, for 90.93 billion rupees ($1.21 billion). Reliance has now sold a combined 19% interest in Jio Platforms, which houses movie, music apps and telecoms […]
Snap removes Trump account from curated promotional section
SAN FRANCISCO (Reuters) – Snap Inc said it would no longer promote U.S. President Donald Trump’s account in Snapchat’s Discover section, saying his inflammatory comments last week made the account ineligible for the curated section where users explore new content. “We will not amplify voices who incite racial violence and injustice by giving them free […]
Equities cruise to three-month highs, dollar under protest pressure
NEW YORK (Reuters) – World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil unrest in the United States in decades. Despite those gains, investors were hesitant to move away from the perceived […]
Visa sees recovery in U.S. payments volume in May
(Reuters) – Visa Inc’s (V.N) total U.S. payments volume fell at a much slower pace in May from the previous month, indicating that consumer spending was picking up as the government starts to ease coronavirus-induced lockdowns. U.S. payments volume in May dropped to 5%, compared with an 18% fall in April. Quarter-to-date, Visa posted an […]
Malaysia, Singapore defer high-speed rail project until year-end
KUALA LUMPUR (Reuters) – Malaysia and neighbouring Singapore said on Sunday they had agreed to suspend until Dec. 31 a high-speed rail (HSR) project between Malaysia’s capital, Kuala Lumpur, and the city-state, to allow discussion of changes. Analysts estimate the project, first announced by both nations in 2013, will cost about $17 billion, though the […]
Pot producer Canopy Growth posts dismal results, shares tumble 13%
(Reuters) – Pot producer Canopy Growth Corp on Friday reported a bigger loss for the fourth quarter, hit by non-cash charges of C$743 million related to its recent restructuring actions and impairment of some assets. The company’s U.S.-listed shares fell over 13% in premarket trading and dragged down other stocks in the industry between 2% […]
U.S. major airlines roll out more options to avoid staff lay-offs
(Reuters) – The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to accept voluntary leave or early retirement in the hope of avoiding widespread furloughs in the fall, company memos show. Around 100,000 employees of American Airlines Group Inc (AAL.O), Delta […]